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Old 03-16-2011, 06:09 PM
 
2,311 posts, read 2,882,784 times
Reputation: 1217

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Quote:
Originally Posted by TimC2462 View Post
I'm curious to know if anyone here is willing to give 35% of their earnings to the government so that they can continue to spend frivolously on certain overpaid public workers.

Got a kid in school? The taxes you pay aren't directly going to local schools to benefit your kids. Instead they're going to the state where they divide up the tax revenue and pay top administrations in every public department there is. What's leftover gets trickled down to the local schools.

Remember all those "savings" Brown came up with by cutting cell phone use, vehicles for public employees, and providing welfare checks to those who pretend to be disabled? Oh yeah, I remember those too. I sure enjoyed throwing my tax money into the black hole in the past 10 years.
+1 rep point . People should be able to vote to only extend the tax increases on themselves.. We'll see how many people pony up to that proposal. It's always a game when you deal w/ other people's money.
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Old 03-16-2011, 06:12 PM
 
2,311 posts, read 2,882,784 times
Reputation: 1217
Quote:
Originally Posted by sjnative View Post
We need taxpayer-subsidized housing so the gangbangers and mass-reproducing ignorant people will have a place to live. Where, oh where, would they live in an expensive metro area if they couldn't live on the tax dollars of responsible people who live within their means and work for a living?

I care about the gangbangers and ignorant mass-reproducers. Without them, our society would be incomplete. Who, then, would harass us, encumber and burden us?
LOL, +1 rep point
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Old 03-16-2011, 06:30 PM
 
25,631 posts, read 30,346,259 times
Reputation: 23111
Never been a fan of using RDA money to fund public housing projects. My business has personally benefited from RDA money loaned to developers I work with to fund large scale commercial projects that inject huge sums of money back into local tax coffers. In the most recent RDA project I worked on the developer paid back the borrowed RDA money to the city 5 years ahead of schedule. Now that city is reaping huge benefits of the increased commercial commerce the RDA money helped to build. In theory the RDA program is a great concept. In practice it gets abused just like any other government program.

Yes RDA can work if used appropriately:

Manteca Bulletin- "AKF made it possible for Manteca to snag 2,000 more Jobs

But the project that AKF is probably the most know for is the one that turned an economic lemon - the closes Spreckels Sugar plant - into lemonade.

No other developer would touch it and banks were hands off. AKF was able to team up with the Manteca Redevelopment Agency to make it happen. The $6 million plus loan that the RDA made to help put in critical infrastructure such as sewer lines and streets was paid back within two years with interest a number of years ahead of schedule.

The project turned the loss of 120 permanent jobs into more than 2,000. It also significantly expanded the city/s property tax and retail sales tax base. By doing so it generated the RDA funds needed to put $10 million of infrastructure improvements in to allow the development of the Stadium Retail Center by the private sector plus access BLD that also benefitted from a $28 million RDA investment."

AKF plays key economic role (Archive)
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