Latest Breaking News

delisen

(7,383 posts)

7. Michael Pung is apparently not "too big to fail."

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Mar 1, 2026, 10:50 AM

Mar 1

If he were deemed too big to fail, government would not hesitate to have other taxpayers bail him out.

Most “small” individual property owners do not willfully refuse to pay their property taxes.

The questions by the justices seem to pit us against one another, the good people who pay their taxes and the bad people who do not.. Divide and conquer .

Their questions do not address the system in which we are now embedded. For the greater part of 250 years the taxpayers were not called upon to cover the losses of wealthy gamblers who engaged in bad business practices and destroyed those businesses and their surrounding communities. Things have changer. They have not improved.

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Chemical Bill

8 replies

= new reply since forum marked as read

Highlight:

Justices appear dubious of challenge to constitutionality of foreclosure sales [View all] Yo_Mama_Been_Loggin Feb 27 OP

Interesting case and issues. I will say that moniss Feb 27 #1

On the other hand it's still avoidable largely as long as people pay their taxes. cstanleytech Feb 27 #3

We had a case here in MI during the recession. louis-t Feb 27 #4

Seems logical that fair market value is what it actually sells for, not some arbitrary theoretical appraisal MichMan Feb 27 #2

Equity should be considered dickthegrouch Feb 27 #5

I'd borrow against the equity if I was in that situation MichMan Feb 28 #6

If I'd just lost my job and being 50yo finding it hard to get a new one dickthegrouch Mar 1 #8

Michael Pung is apparently not "too big to fail." delisen Mar 1 #7