Business: Revolt of the Homeowners

They 're mad as hell, and they don't want to take it any more

It seems only reasonable that the more a person's house increases in value, the happier he will be. Yet for millions of homeowners that is not the case at all. As inflation pushes housing prices through the roof, property taxes are shooting up as well, ripping gaping holes in family budgets and sending homeowners into angry protests against local taxes and spending of all sorts. Says James Tobin, president of the National Taxpayers United of Illinois: "People are in a rebellious mood. They feel school taxes are out...

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