Daily Topics - Tuesday June 12th, 2012
By shawnt56
Catch The Thom Hartmann Program LIVE at our new time, 3-6pm Eastern!
Hour One: Abolish all property taxes! / Plus, CEO pay raise vs. employee pension plan - Chuck Whobrey, President-Teamsters Local 215
Hour Two: Privatized schools...the miseducation of Mitt Romney - Peter Ferrara, American Spectator / Plus, "Buy Local, Buy American" - Mayor Virg Bernero, City of Lansing, MI
Hour Three: What will the Republican Party look like in 5 years?
Comments
#2
Unfortunately, suspending Property Taxes on folk who have been financially "wiped-out" means government would be suspending Property Taxes for Donald Trump every three years or so.
This, also, revisits the basic taxation fallacy of Income Taxes:
1. Laborers pay taxes based upon their gross income; Income Taxes for workers are REVENUE taxes.
2. Wealth-hoarders and corporations pay taxes based upon NET PROFITS with specific codified income and/or taxation offsets. A well prepared balance sheet will show low or no income.
So suspending Property Taxes on folk who have been financially "wiped-out" means government would never collect Property Taxes.
#3
Additionally (as with post-Prop 13 California), Property Taxes can be stymied by a corporation holding a hunk of dirt and any improvements . . . In the case of commercial and industrial real estate, “Real Property” never trades . . . The holding company is sold and the assets are sheltered from increased basis.
So . . . Nice try, but I think we have to address Property Taxes discrepancies another way.
#4
A few years ago, I heard someone on the radio say that it's an accident of history that schools depend on property tax, and this setup means poor neighborhoods have underfunded schools.
At the very least, it would make sense to have the police and fire departments use that money instead, since bigger homes require more of those services. (Although violent crime probably has a reverse correlation, so I wouldn't hold strictly to that one source of funds.)
#5
I hate when paid idiocrats litter conversations with un-factual and unfounded ad hominem attacks and patronizing remarks when they are not allowed to mindless reiterate their idiocy infinitum or even the dimmest of light reveals the utter worthless of their argument. Additionally, their continual insistence that institutionalizing oppression through voiding laws is a choice that needs to be labeled “freedom” irks the crap out of me.
#6
THOM,
You simply argue that government is better suited to deliver certain functions to the society it serves and that corporations are lliability shields that require a proper level of reasonable regulation.
It appears that Peter Ferrara lacks even a basic operational command of the English language, hence the his misapplication of the word "Fascist". Although I have no personal knowledge rearding his upbringing, his poor languaging points readily to the concept that . . . If Mr. Ferrara had had access to a good public education during his grammar school years, he would have avoided mislabeling you, personally, for making simple and logical statements.
#7
Sesquipedaliously ugly. The kind of ugliness that uses long words? If using long words is ugly, you're putting yourself down, Thom.
Thom's Blog Is On the Move
By webmaster
Hello All
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THOM! Your poll for today missed the answer that is true:
No, Skeletor Snyder's pretense at a showdown means nothing; it is idiocracy at its worst.
Yes, Re/TEApublicans have been purging rolls for over a half of a century and this is illegal.
The real answer is:
A.G. Holder is averse to actually performing the duties of his office especially when it involves Re/TEApublican malfeasance. Governator Snyder NEEDS to be publically prep-walked and spend a century or two in jail for every voter wrongfully purged, but, unfortunately, Holder's DoJ will get around to dealing with this in the year 2525 AD . . . maybe.