A factory gets so much government contract business they can no longer produce enough to do anything but government contract business. The fed government sees a recession and cuts spending on the item produced at the factory to spend it on infrastructure programs while state and local gov raise taxes on the factory. 1000 people at the factory are laid off. 500 of them can no longer pay rent. Their landlords can no longer afford to pay the mortgage and property taxes on the rentals and need to evict and try to sell the properties. Meanwhile the factory owners are trying to sell and nobody wants to buy because there's a recession going on. They can no longer afford the taxes on the factory property.
Since people with more money are evil and people with less money are good, which are the bad people here - the factory owners or the landlords or both? Or is that just economics and people need to get over rich=evil?
Answer by beanielips at 3:19 PM on Jul. 10, 2010
Answer by Sisteract at 3:23 PM on Jul. 10, 2010
Answer by yourspecialkid at 7:41 PM on Jul. 10, 2010
Answer by Sisteract at 3:43 PM on Jul. 10, 2010
Answer by Bezu at 6:15 PM on Jul. 10, 2010
Answer by yourspecialkid at 7:45 PM on Jul. 10, 2010
Answer by mamaofficer at 3:28 PM on Jul. 10, 2010
Answer by lovinangels at 3:57 PM on Jul. 10, 2010
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