[Plura-list] The tax sharks are back and they're coming for your home
Cory Doctorow
doctorow at craphound.com
Sat Apr 27 09:49:25 EDT 2024
Read today's issue online at: https://pluralistic.net/2024/04/26/for-the-little-people/
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I'm touring my new, nationally bestselling novel *The Bezzle*! Catch me in TODAY (Apr 27) in MARIN COUNTY, then in Winnipeg (May 2), Calgary (May 3), Vancouver (May 4), and beyond!
https://pluralistic.net/2024/02/16/narrative-capitalism/#bezzle-tour
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Today's links
* The tax sharks are back and they're coming for your home: Like picking pennies off a dead man’s eyes.
* Hey look at this: Delights to delectate.
* This day in history: 2009, 2014, 2019, 2023
* Upcoming appearances: Where to find me.
* Recent appearances: Where I've been.
* Latest books: You keep readin' em, I'll keep writin' 'em.
* Upcoming books: Like I said, I'll keep writin' 'em.
* Colophon: All the rest.
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💤 The tax sharks are back and they're coming for your home
One of my weirder and more rewarding hobbies is collecting definitions of "conservativism," and one of the jewels of that collection comes from Corey Robin's must-read book *The Reactionary Mind*:
https://en.wikipedia.org/wiki/The_Reactionary_Mind
Robin's definition of conservativism has enormous explanatory power and I'm always finding fresh ways in which it clarifies my understand of events in the world: a conservative is someone who believes that a minority of people were born to rule, and that everyone else was born to follow their rules, and that the world is in harmony when the born rulers are in charge.
This definition unifies the otherwise very odd grab-bag of ideologies that we identify with conservativism: a Christian Dominionist believes in the rule of Christians over others; a "men's rights advocate" thinks men should rule over women; a US imperialist thinks America should rule over the world; a white nationalist thinks white people should rule over racialized people; a libertarian believes in bosses dominating workers and a Hindu nationalist believes in Hindu domination over Muslims.
These people all disagree about who should be in charge, but they all agree that some people are ordained to rule, and that any "artificial" attempt to overturn the "natural" order throws society into chaos. This is the entire basis of the panic over DEI, and the brainless reflex to blame the Francis Scott Key bridge disaster on the possibility that someone had been unjustly promoted to ship's captain due to their membership in a disfavored racial group or gender.
This definition is also useful because it cleanly cleaves progressives from conservatives. If conservatives think there's a natural order in which the few dominate the many, then progressivism is a belief in pluralism and inclusion, the idea that disparate perspectives and experiences all have something to contribute to society. Progressives see a world in which only a small number of people rise to public life, rarified professions, and cultural prominence and assume that this is terrible waste of the talents and contributions of people whose accidents of birth keep them from participating in the same way.
This is why progressives are committed to class mobility, broad access to education, and active programs to bring traditionally underrepresented groups into arenas that once excluded them. The "some are born to rule, and most to be ruled over" conservative credo rejects this as not just wrong, but dangerous, the kind of thing that leads to bridges being demolished by cargo ships.
The progressive reforms from the New Deal until the Reagan revolution were a series of efforts to broaden participation in every part of society by successively broader groups of people. A movement that started with inclusive housing and education for white men and votes for white women grew to encompass universal suffrage, racial struggles for equality, workplace protections for a widening group of people, rights for people with disabilities, truth and reconciliation with indigenous people and so on.
The conservative project of the past 40 years has been to reverse this: to return the great majority of us to the status of desperate, forelock-tugging plebs who know our places. Hence the return of child labor, the tradwife movement, and of course the attacks on labor unions and voting rights:
https://pluralistic.net/2022/11/06/the-end-of-the-road-to-serfdom/
Arguably the most potent symbol of this struggle is the fight over homes. The New Deal offered (some) working people a twofold path to prosperity: subsidized home-ownership and strong labor protections. This insulated (mostly white) workers from the two most potent threats to working peoples' lives and wellbeing: the cruel boss and the greedy landlord.
But the neoliberal era dispensed with labor rights, leaving the descendants of those lucky workers with just one tool for securing their American dream: home-ownership. As wages stagnated, your home - so essential to your ability to simply live - became your most important asset first, and a home second. So long as property values rose - and property taxes didn't - your home could be the backstop for debt-fueled consumption that filled the gap left by stagnating wages. Liquidating your family home might someday provide for your retirement, your kids' college loans and your emergency medical bills.
For conservatives who want to restore Gilded Age class rule, this was a very canny move. It pitted lucky workers with homes against their unlucky brethren - the more housing supply there was, the less your house was worth. The more protections tenants had, the less your house was worth. The more equitably municipal services (like schools) were distributed, the less your house was worth:
https://pluralistic.net/2021/06/06/the-rents-too-damned-high/
And now that the long game is over, they're coming for your house. It started with the foreclosure epidemic after the 2008 financial crisis, first under GW Bush, but the in earnest under Obama, who accepted the advice of his Treasury Secretary Timothy Geithner, who insisted that homeowners should be liquidated to "foam the runways" for the crashing banks:
https://pluralistic.net/2023/03/06/personnel-are-policy/#janice-eberly
Then there are scams like "We Buy Ugly Houses," a nationwide mass-fraud outfit that steals houses out from under elderly, vulnerable and desperate people:
https://pluralistic.net/2023/05/11/ugly-houses-ugly-truth/#homevestor
The more we lose our houses, the more single-family homes Wall Street gets to snap up and convert into slum properties, aslosh with a toxic stew of black mold, junk fees and eviction threats:
https://pluralistic.net/2022/02/08/wall-street-landlords/#the-new-slumlords
Now there's a new way for finance barons the steal our houses out from under us - or rather, a very old way that had lain dormant since the last time child labor was legal - "tax lien investing."
Across the country, counties and cities have programs that allow investment funds to buy up overdue tax-bills from homeowners in financial hardship. These "investors" are entitled to be paid the missing property taxes, and if the homeowner can't afford to make that payment, the "investor" gets to kick them out of their homes and take possession of them, for a tiny fraction of their value.
As Andrew Kahrl writes for *The American Prospect*, tax lien investing was common in the 19th century, until the fundamental ugliness of the business made it unattractive even to the robber barons of the day:
https://prospect.org/economy/2024-04-26-investing-in-distress-tax-liens/
The "tax sharks" of Chicago and New York were deemed "too merciless" by their peers. One exec who got out of the business compared it to "picking pennies off a dead man’s eyes." The very idea of outsourcing municipal tax collection to merciless debt-hounds fell aroused public ire.
Today - as the conservative project to restore the "natural" order of the ruled and the ruled-over builds momentum - tax lien investing is attracting some of America's most rapacious investors - and they're making a killing. In Chicago, Alden Capital just spent a measly $1.75m to acquire the tax liens on 600 family homes in Cook County. They now get to charge escalating fees and penalties and usurious interest to those unlucky homeowners. Any homeowner that can't pay loses their home.
The first targets for tax-lien investing are the people who were the last people to benefit from the New Deal and its successors: Black and Latino families, elderly and disabled people and others who got the smallest share of America's experiment in shared prosperity are the first to lose the small slice of the American dream that they were grudgingly given.
This is the very definition of "structural racism." Redlining meant that families of color were shut out of the federal loan guarantees that benefited white workers. Rather than building intergenerational wealth, these families were forced to rent (building some *other* family's intergenerational wealth), and had a harder time saving for downpayments. That meant that they went into homeownership with "nontraditional" or "nonconforming" mortgages with higher interest rates and penalties, which made them more vulnerable to economic volatility, and thus more likely to fall behind on their taxes. Now that they're delinquent on their property taxes, they're in hock to a private equity fund that's charging them even *more* to live in their family home, and the second they fail to pay, they'll be evicted, rendered homeless and dispossessed of all the equity they built in their (former) home.
It's very on-brand for Alden Capital to be destroying the lives of Chicagoans. Alden is most notorious for buying up and destroying America's most beloved newspapers. It was Alden who bought up the *Chicago Tribune*, gutted its workforce, sold off its iconic downtown tower, and moved its few remaining reporters to an outer suburban, windowless brick building "the size of a Chipotle":
https://pluralistic.net/2021/10/16/sociopathic-monsters/#all-the-news-thats-fit-to-print
Before the ghastly hotel baroness Leona Helmsley went to prison for tax evasion, she famously said, "We don't pay taxes; only the little people pay taxes." Helmsley wasn't wrong - she was just a little ahead of schedule. As *Propublica*'s IRS Files taught us, America's 400 richest people pay less tax than you do:
https://pluralistic.net/2022/04/13/for-the-little-people/#leona-helmsley-2022
When billionaires don't pay their taxes, they get to buy sports franchises. When poor people don't pay their taxes, billionaires get to steal their houses after paying the local government an insultingly small amount of money.
It's all going according to plan. We weren't meant to have houses, or job security, or retirement funds. We weren't meant to go to university, or even high school, and our kids were always supposed to be in harness at a local meat-packer or fast food kitchen, not wasting time with their high school chess club or sports team. They don't need high school: that's for the people who were born to rule. They - we - were meant to be ruled over.
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💤 Hey look at this
* Has the Inspiration for the Tightrope Gal Been Found? https://longforgottenhauntedmansion.blogspot.com/2024/04/its-our-14th-anniversary-and-to.html
* “LOL, no.” https://www.loweringthebar.net/2024/04/lol-no.html
* What Really Happens When You Trade In an iPhone at the Apple Store https://www.bloomberg.com/news/features/2024-04-18/apple-iphone-recycling-program-has-secrets (h/t Naked Capitalism)
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💤 This day in history
2009, 2014, 2019, 2023
#15yrsago Home Office official offered advice and “comfort” to Phorm spyware vendor https://news.bbc.co.uk/2/hi/technology/8021661.stm
#15yrsago Geoengineering wishful thinking is the new climate denialism https://web.archive.org/web/20090430135547/www.worldchanging.com/archives/009784.html
#15yrsago Bruce Sterling explains swine flu https://web.archive.org/web/20090512004141/https://www.wired.com/sterling/2009/04/practical-tips.html
#10yrsago Unboxing a Makie doll https://www.youtube.com/watch?v=vnT9lMR3ATg
#15yrsago Vernor Vinge predicts singularity by 2030 https://web.archive.org/web/20090701065309/http://hplusmagazine.com/articles/ai/singularity-101-vernor-vinge
#15yrsago US refuses to let jet into its airspace because it is carrying a journalist who criticizes US foreign policy https://gadling.com/2009/04/26/air-france-jet-diverts-after-being-told-to-stay-clear-of-us-airs/
#15yrsago Canadian music pirates of 1897 https://web.archive.org/web/20090426193240/http://www.bestactever.com/2009/04/26/the-long-war-music-piracy-in-1897-nytimes/
#15yrsago Economy will get a lot worse — The Economist https://web.archive.org/web/20090426052838/http://www.economist.com/printedition/displayStory.cfm?Story_ID=13527685
#10yrsago RIAA to blame for impoverishment of artists it’s using as human shield in anti-streaming lobbying https://www.techdirt.com/2014/04/25/riaa-claims-that-it-is-standing-up-older-musicians-that-it-actually-left-to-rot/
#10yrsago Haunted Mansion castmembers built a shrine to “Grandma Joyce,” whose urn was found in the gardens https://web.archive.org/web/20140430022606/https://disneylandguru.tumblr.com/post/73135614034
#10yrsago Hacking the hospital: medical devices have terrible default security https://www.wired.com/2014/04/hospital-equipment-vulnerable/
#10yrsago UKIP candidate tells Lenny Henry to move to a “Black country”; party says reporting this is a “smear campaign” https://www.bbc.com/news/uk-politics-27176803
#5yrsago The DCCC is sabotaging Marie Newman’s primary challenge to Dan Lipiniski, a hereditary, anti-choice, anti-minimum-wage, homophobic “Democrat” https://theintercept.com/2019/04/26/dccc-blacklist-marie-newman-dan-lipinski/
#5yrsago Lawyer for kid whose parents paid $1.2m bribe to get into Yale says the high price shows grifters’ anti-Chinese bias https://www.nytimes.com/2019/04/26/us/college-admissions-scandal.html
#5yrsago Pepsi is suing four Indian farmers for growing a proprietary “Lays” potato, seeking $150,000 each in damages https://www.cnn.com/2019/04/25/business/pepsico-india-potato-farmer-lawsuit/index.html
#1yrsago Private equity finally delivered Sarah Palin's death panels https://pluralistic.net/2023/04/26/death-panels/#what-the-heck-is-going-on-with-CMS
#1yrago Convicted monopolist prevented from re-offending https://pluralistic.net/2023/04/27/convicted-monopolist/#microsquish
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💤 Upcoming appearances
* The Bezzle at Book Passage Corte Madera (Marin County), April 27
https://www.bookpassage.com/event/cory-doctorow-bezzle-martin-hench-novel-corte-madera-store
* Canadian Centre for Policy Alternatives (Winnipeg), May 2
https://www.eventbrite.ca/e/cory-doctorow-tickets-798820071337
* Wordfest (Calgary), May 3
https://wordfest.com/2024/event/wordfest-presents-cory-doctorow-2/
* Massy Arts (Vancouver), May 4
https://www.eventbrite.ca/e/solo-reading-cory-doctorow-the-bezzle-tickets-876989167207
* Tartu Prima Vista Literary Festival, May 5-11
https://tartu2024.ee/en/kirjandusfestival/
* Tim O’Reilly and Cory Doctorow on “Enshittification” and the Future of AI, May 14
https://www.oreilly.com/live-events/tim-oreilly-and-cory-doctorow-on-enshittification-and-the-future-of-ai/0642572001651/
* "Finding the Money" screening (LA), May 15
https://www.laemmle.com/film/finding-money?date=2024-05-15
* Media Ecology Association keynote, Jun 6-9 (Amherst, NY)
https://media-ecology.org/convention
* American Association of Law Libraries keynote, (Chicago), Jul 21
https://www.aallnet.org/conference/agenda/keynote-speaker/
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💤 Recent appearances
* Come sfuggire al “Merdocene” e costruire un Internet migliore (Torino Biennale Tecnologia)
https://www.youtube.com/watch?v=Z5NC2EZCYBg
* Show Me The Money Club (The Rideshare Guy)
https://www.youtube.com/watch?v=ZCETi3XqSds
* NUOVO BARETTO UTOPIA
https://videoteca.kenobit.it/w/azRmQBCenVwjSRz9WCp8JS
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💤 Latest books
* The Bezzle: a sequel to "Red Team Blues," about prison-tech and other grifts, Tor Books (US), Head of Zeus (UK), February 2024 (the-bezzle.org). Signed, personalized copies at Dark Delicacies (https://www.darkdel.com/store/p3062/Available_Feb_20th%3A_The_Bezzle_HB.html#/).
* "The Lost Cause:" a solarpunk novel of hope in the climate emergency, Tor Books (US), Head of Zeus (UK), November 2023 (http://lost-cause.org). Signed, personalized copies at Dark Delicacies (https://www.darkdel.com/store/p3007/Pre-Order_Signed_Copies%3A_The_Lost_Cause_HB.html#/)
* "The Internet Con": A nonfiction book about interoperability and Big Tech (Verso) September 2023 (http://seizethemeansofcomputation.org). Signed copies at Book Soup (https://www.booksoup.com/book/9781804291245).
* "Red Team Blues": "A grabby, compulsive thriller that will leave you knowing more about how the world works than you did before." Tor Books http://redteamblues.com. Signed copies at Dark Delicacies (US): and Forbidden Planet (UK): https://forbiddenplanet.com/385004-red-team-blues-signed-edition-hardcover/.
* "Chokepoint Capitalism: How to Beat Big Tech, Tame Big Content, and Get Artists Paid, with Rebecca Giblin", on how to unrig the markets for creative labor, Beacon Press/Scribe 2022 https://chokepointcapitalism.com
* "Attack Surface": The third Little Brother novel, a standalone technothriller for adults. The *Washington Post* called it "a political cyberthriller, vigorous, bold and savvy about the limits of revolution and resistance." Order signed, personalized copies from Dark Delicacies https://www.darkdel.com/store/p1840/Available_Now%3A_Attack_Surface.html
* "How to Destroy Surveillance Capitalism": an anti-monopoly pamphlet analyzing the true harms of surveillance capitalism and proposing a solution. https://onezero.medium.com/how-to-destroy-surveillance-capitalism-8135e6744d59?sk=f6cd10e54e20a07d4c6d0f3ac011af6b) (signed copies: https://www.darkdel.com/store/p2024/Available_Now%3A__How_to_Destroy_Surveillance_Capitalism.html)
* "Little Brother/Homeland": A reissue omnibus edition with a new introduction by Edward Snowden: https://us.macmillan.com/books/9781250774583; personalized/signed copies here: https://www.darkdel.com/store/p1750/July%3A__Little_Brother_%26_Homeland.html
* "Poesy the Monster Slayer" a picture book about monsters, bedtime, gender, and kicking ass. Order here: https://us.macmillan.com/books/9781626723627. Get a personalized, signed copy here: https://www.darkdel.com/store/p2682/Corey_Doctorow%3A_Poesy_the_Monster_Slayer_HB.html#/.
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💤 Upcoming books
* Picks and Shovels: a sequel to "Red Team Blues," about the heroic era of the PC, Tor Books, February 2025
* Unauthorized Bread: a graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, 2025
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💤 Colophon
Today's top sources:
Currently writing:
* A Little Brother short story about DIY insulin PLANNING
* Picks and Shovels, a Martin Hench noir thriller about the heroic era of the PC. FORTHCOMING TOR BOOKS JAN 2025
* Vigilant, Little Brother short story about remote invigilation. FORTHCOMING ON TOR.COM
* Spill, a Little Brother short story about pipeline protests. FORTHCOMING ON TOR.COM
Latest podcast:
Capitalists Hate Capitalism https://craphound.com/news/2024/04/14/capitalists-hate-capitalism/
This work - excluding any serialized fiction - is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.
https://creativecommons.org/licenses/by/4.0/
Quotations and images are not included in this license; they are included either under a limitation or exception to copyright, or on the basis of a separate license. Please exercise caution.
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"*When life gives you SARS, you make sarsaparilla*" -Joey "Accordion Guy" DeVilla
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