If taxes go up people will lose their homes.
It's a common argument against government spending, especially at the local level where school, county and town budgets are paid largely from property taxes. If the cost of government services goes up, the logic goes, homeowners with low or fixed incomes eventually will be overwhelmed. If the bank doesn't take their home, the town will.
But does that really happen?
At ...
If taxes go up people will lose their homes.
It's a common argument against government spending, especially at the local level where school, county and town budgets are paid largely from property taxes. If the cost of government services goes up, the logic goes, homeowners with low or fixed incomes eventually will be overwhelmed. If the bank doesn't take their home, the town will.
But does that really happen?
At ...