The only thing I respect about Mayor Dave Cieslewicz is his honesty about his beliefs. Mayor Dave is a socialist and it shows in his comments about the way the city has messed up a $200 MILLION dollar private sector gift.
Overture Center Problems: "I never liked the refinancing," Cieslewicz said to The Capital Times editorial board Wednesday. "I believe in city ownership."
Socialism is fundamentally about government ownership of assets and the power of government to claim and seize money and property. Progressive government apparently means the confiscation of value will be done humanely over time. The property tax relies on the idea that property owners have an unsatisfiable obligation to government. In other words, the property tax is a debt that can never be paid in full. Madison is progressive, which means the city will provide the elderly a method of transferring their home equity to the government through a Municipal Reverse Mortgage.
What is the City's program?: The City's program is a modified reverse mortgage because the City makes the program available only to pay all or a portion of a homeowner's property taxes. No monthly payments for living expenses are allowed.
How are my taxes paid?: At the time of closing on your loan, you will be required to sign a lien document. A lien on your property will then be recorded with the Dane County Register of Deeds. Upon filing of the lien, the Comptroller's Office will draw a check payable to both the property owner and the City of Madison. You will then be responsible for paying the taxes in the City Treasurer's Office.
Let’s be perfectly clear about this point. Compassionate progressive government allows people to borrow money against the value of their home, to pay the assessed taxes back with interest to the tax collector. True believers in the goodness of government always discount the pain of confiscation, because in their minds it should not hurt.
