Another Reason Hillary Clinton is Full of Shit! How the Government can Steal Your Home

You have to read this …

This is from a recent piece in ThinkProgress regarding hedge funds capitalizing on an opportunity facilitated by the city of Baltimore. Check it out …

Baltimore is one of the only cities in the country to auction off tax liens originating from unpaid residential water bills, and it allows residents to have their debts sold when they accumulate to a mere $250, significantly less than other major cities. Baltimore also takes the lead when it comes to penalty interest rates, which the City allows to run as high as 18% per annum. This past May, Baltimore held its annual tax sale, where debts from some of the city’s poorest residents were auctioned off to the highest bidder. Baltimore residents who owed as little as $250 in back taxes, or $350 in unpaid water bills, had those debts auctioned off to a small pool of professional speculators. Once the debts are in their hands, the speculators can charge extremely high interest rates—a maximum of 18% per year—for two years. It’s a difficult proposition for low-income families to keep up with much higher payments – but the alternative is even worse. If Baltimore homeowners don’t pay up on these rapidly accelerating debts within two years, the speculators can take their homes away from them through the tax lien foreclosure process.

While it’s easy to attack those heartless hedge funds we all love to blame for this nation’s economic downfall, it seems very difficult to focus the blame on where it really belongs - the government.

Read this section again …

This past May, Baltimore held its annual tax sale, where debts from some of the city’s poorest residents were auctioned off to the highest bidder. Baltimore residents who owed as little as$250 in back taxes, or $350 in unpaid water bills, had those debts auctioned off to a small pool of professional speculators. Once the debts are in their hands, the speculators can charge extremely high interest rates—a maximum of 18% per year—for two years.

The city of Baltimore looks at this as a way to ensure the city gets its tribute. But you know what it really is? It’s a fucking shakedown!

First of all, taxation is theft. There’s no two ways about it. And in Baltimore, if you’re unable to placate these thieves’ greed, they call in some outsourced thugs to take care of the dirty work.

Think about how insane this is …

In the city of Baltimore, where poverty is not uncommon, folks can have their homes stolen from them if they can’t come up with $250. This is some Goodfellas-type shit. And rest assured, it’s the politicians that are orchestrating the whole thing.

It’s a Big Club

It wasn’t long ago when Hillary Clinton opined about Baltimore’s poverty and inequality issues, saying…

Let’s take on the broader inequities in our society. You can’t separate out the unrest we see in the streets from the cycles of poverty and despair that hollow out those neighborhoods. Our legal system can be and all to often is stacked against those who have the least power, who are the most vulnerable.

How profound!

By the way, one of the companies capitalizing on this house-stealing scam in Baltimore is the Fortress Investment Group, which this year, watched as several of its employees gave the maximum legal amount to Clinton’s campaign.

Imagine that!

But here’s the crazy part …

It’s very likely that most of the folks living in these poverty-stricken neighborhoods in Baltimore will vote for Clinton. They’ll actually be voting for a person who’s happy to bank a few bucks from the very people looking to help the city evict its most economically vulnerable citizens.

I said it before and I’ll say it again …

If you want to protect your wealth and your personal sovereignty, you must reject the rhetoric of these snake oil hustlers. It doesn’t matter which side of the aisle you call home, the whole thing is orchestrated by what George Carlin once said is a big club - and you’re not in it.

Here’s a reminder …