Fixed-income returns, after taxes and inflation, tend to be very low, ... If you're under 45, I'm not sure you should even hold bonds.

Next to taxes it's the single biggest income for the county.

It's the only inflation-adjusted income source most older Americans have,

One thing it highlights, again, is the wrong-headedness of the notion that higher state taxes and increased state spending somehow keep property taxes down.

History shows that when the taxes of a nation approach about 20% of the people's income, there begins to be a lack of respect for government. . . . When it reaches 25%, there comes an increase in lawlessness.

People are feeling it more. A greater share of their income is going to pay taxes.