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Thread: When Government Becomes the Mob

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    Advisor Hondo's Avatar
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    When Government Becomes the Mob

    In another thread, kind of joking about my experience working as a diver for a construction company in NJ, I stated that we were better off with the mob in charge than the government. Extortion came up. My brother owned two garages. One was in a city that charged him for every sign displayed on the building he owned. He couldn't believe the amount of money he had to fork over to the city. He reduced his signage. Eventually, the taxes and fees the city charged business owners made him decide to close shop, sell the property, and relocate to the country.

    One man's extortion is another man's business tax.

    What experiences have you had where government seems to impact your business or the business for which you work much like you'd expect of organized crime?
    Last edited by Hondo; 09-24-19 at 11:37 PM.

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    Re: When Government Becomes the Mob

    Quote Originally Posted by Hondo View Post
    In another thread, kind of joking about my experience working as a diver for a construction company in NJ, I stated that we were better off with the mob in charge than the government. Extortion came up. My brother owned two garages. One was in a city that charged him for every sign displayed on the building he owned. He couldn't believe the amount of money he had to fork over to the city. He reduced his signage. Eventually, the taxes and fees the city charged business owners made him decide to close shop, sell the property, and relocate to the country.

    One man's extortion is another man's business tax.

    What experiences have you had where government seems to impact your business or the business for which you work much like you'd expect of organized crime?
    This deserves more responses.

    I used to have four small two bedroom, one bath ranch style rental homes right on the edge of the ghetto. I bought each one cheap and fixed them up. During the four years it took me and my youngest son to finish them I got some nice tax breaks, as I could charge off so much. But then I got to the point where they were in great shape, inside and out. I would do the inside first, get a renter in there, and do the exterior while I collected some rent.

    So each one rented for about $500 per month. Remember I had no big deductions by this time. Property tax on each unit was just over $2000 per year. For every job I did I needed a permit, and paid for an inspection. I had to pay annually for an occupancy license on each unit. And finally I had to pay federal and state taxes on the income I was receiving from the properties. The government never stopped by to help with painting or yard work. They never helped me line up tenants, though it did cost me hundreds of dollars in court costs to evict a deadbeat. $200 to have the Sheriffs department evict them. I finally figured out I was actually making the government more money than I was making for myself. I sold the homes to a bunch of lawyers. They never did a lick of work on the homes ever again. I'd see them slowly falling apart every time I drove by. But I hope they made more money than I did.

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