The bill seeks to stimulate the construction of low-income housing through 8-Law while seriously jeopardizing municipal tax collection to the detriment of homeowners and renters.
Tax breaks for real estate investments by the rich are among the stuidest of all inventions. Even the World Bank and the International Monetary Fudn say the tax breaks for the rich for reaal estate transations do not do anything useful. Interesting the Rob Stolzman is the lawyer on this. This is the same lawyer that had to pay millions over the 38 Studios fiasco and was the lawyer helping the criminals at the RI Economic Development Corporation try to build a $1 billion dollar boondoggle port at Quonset. Needles to say, Stolzman's judgement is very poor and no city or state should take his advice.
I live in West Warwick and we pay one of the highest property tax rates in the state already. It wouldn’t be fair to put more on our backs for the sake of tax breaks for the already wealthy. Thanks for explaining this so well. The rich are always trying to grab more for themselves. I feel sorry for them. Imagine having plenty and not being able to relax and enjoy life; being so afraid all the time that you have to connive and deal to take away from people who don’t have enough so that you can hoard a stockpile just in case. Sad really. Also wrong.
Thank you, Steve for the facts! Once again our "leaders" advertising something as beneficial to their constituants, when in fact onlt realtors and tge wealthy really benefit!
This is a regressive bill for everyone except of course the very wealthy....
Tax breaks for real estate investments by the rich are among the stuidest of all inventions. Even the World Bank and the International Monetary Fudn say the tax breaks for the rich for reaal estate transations do not do anything useful. Interesting the Rob Stolzman is the lawyer on this. This is the same lawyer that had to pay millions over the 38 Studios fiasco and was the lawyer helping the criminals at the RI Economic Development Corporation try to build a $1 billion dollar boondoggle port at Quonset. Needles to say, Stolzman's judgement is very poor and no city or state should take his advice.
I live in West Warwick and we pay one of the highest property tax rates in the state already. It wouldn’t be fair to put more on our backs for the sake of tax breaks for the already wealthy. Thanks for explaining this so well. The rich are always trying to grab more for themselves. I feel sorry for them. Imagine having plenty and not being able to relax and enjoy life; being so afraid all the time that you have to connive and deal to take away from people who don’t have enough so that you can hoard a stockpile just in case. Sad really. Also wrong.
Thank you, Steve for the facts! Once again our "leaders" advertising something as beneficial to their constituants, when in fact onlt realtors and tge wealthy really benefit!