Rand Paul has a plan to save Detroit

[compuwiz1]

He's not all that far off, if you read his plan. He might just be able to save that city, if he can get some support behind his ideas. If he can show some results, he may be a very strong contender for POTUS in 2016.

http://www.theblaze.com/stories/201...e-of-americas-firmest-democratic-strongholds/

 

[dmcowen674]

He's not all that far off, if you read his plan. He might just be able to save that city, if he can get some support behind his ideas. If he can show some results, he may be a very strong contender for POTUS in 2016.

http://www.theblaze.com/stories/201...e-of-americas-firmest-democratic-strongholds/

The senator will propose measures that would lower personal and corporate taxes to 5 percent, eliminate the capital gains tax, and lessen red tape to make it easier to start and maintain a business.
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404 Plan Not Found

 

[compuwiz1]

The senator will propose measures that would lower personal and corporate taxes to 5 percent, eliminate the capital gains tax, and lessen red tape to make it easier to start and maintain a business.
=========================================
404 Plan Not Found

Incentive. Why else would any business go there? If this deal will attract money and business, why not give it a try? Seems like a much better deal than borrow, spend, raise taxes & drive everyone out, doesn't it? Let's get out of the democrat head, or partisan head, for that matter.....how about try something? Some new revenue is better than the status quo. What is there to lose?

People there might finally feel that they were not left behind, that people care and some of their self esteem might be restored. That could be very powerful.

 

[dmcowen674]

Incentive. Why else would any business go there? If this deal will attract money and business, why not give it a try? Seems like a much better deal than borrow, spend, raise taxes & drive everyone out, doesn't it? Let's get out of the democrat head, or partisan head, for that matter.....how about try something? Some new revenue is better than the status quo. What is there to lose?

People there might finally feel that they were not left behind, that people care and some of their self esteem might be restored. That could be very powerful.

Trickle down never has and never will work.

The only thing that trickles down is shit.

 

[compuwiz1]

Trickle down never has and never will work.

The only thing that trickles down is shit.

I'd be interested in any alternative you have in mind that does not involve government dollars.

How about creating a working economy, where people actually produce something and spend their earnings in the community? How about those businesses create some jobs?

Have you not figured out yet that the democrat's way of running this city for 50+ years doesn't work? They and the unions fucked it over. What is your answer? I'll look forward to your solution........

 

[dmcowen674]

I'd be interested in any alternative you have in mind that does not involve government dollars.

How about creating a working economy, where people actually produce something and spend their earnings in the community? How about those businesses create some jobs?

Have you not figured out yet that the democrat's way of running this city for 50+ years doesn't work? They and the unions fucked it over. What is your answer? I'll look forward to your solution........

There is nothing stopping the "Job Creators" from "creating a working economy" other than their own greed.

Now many of the greedy "Job Creators" have left to ruin other parts of the Country and Detroit is starting the process of healing and coming back.

"Let them leave and it will grow".

 

[Londo_Jowo]

Rand Paul...............POTUS.................LMAO!!!!!!

 

[michal1980]

There is nothing stopping the "Job Creators" from "creating a working economy" other than their own greed.

Now many of the greedy "Job Creators" have left to ruin other parts of the Country and Detroit is starting the process of healing and coming back.

"Let them leave and it will grow".

and what party ran Detroit into the ground? Detroit should be liberals shining star.

 

[Double Trouble]

There is nothing stopping the "Job Creators" from "creating a working economy" other than their own greed.

Yeah, because I'm sure you're the first in line to relocate to inner city Detroit right? Lets face it, there is no incentive for anyone, business or people, to move to Detroit. The tax rates are insane, the population is functionally illiterate, crime is through the roof, basic city services are lacking, city council is group of crazies and so on.

Personally I don't think there is any way to save the city, but I'm sure at some point the state or federal government (or both) will pump umpteen billions into Detroit to try to fix it, and they will fail (throwing away our taxpayer money in the process).

Anything that can be done to make businesses actually go there is a step towards revitalizing the city.

 

[Double Trouble]

and what party ran Detroit into the ground? Detroit should be liberals shining star.

The corrupt one party rule there for decades had a great deal to do with the failure of the city, but to be fair we also have to recognize the devastating blows to the economy brought on by the US auto industry failures. That's not something the city could really avoid or change. Of course over the decades it would have been wise to diversify the economic base of the area rather than relying just on the auto makers, but that's not an easy thing to do.

 

[boomerang]

The corrupt one party rule there for decades had a great deal to do with the failure of the city, but to be fair we also have to recognize the devastating blows to the economy brought on by the US auto industry failures. That's not something the city could really avoid or change. Of course over the decades it would have been wise to diversify the economic base of the area rather than relying just on the auto makers, but that's not an easy thing to do.

If you lived in this area you would be very well aware that Detroit was a goner long before the decline of the auto industry. I am really tired of this talking point that sounds so reasonable to people who just don't know.

How many auto plants were in the city of Detroit when GM, Ford and Chrysler went through their most recent bout of dire straits? That would be an important question to know the answer to. It could bring context to the talking point you repeated.

 

[Exterous]

Incentive.

I don't know if a rate that low would be a good idea but they certianly need to lower it. Having the highest property tax and the highest income tax rate in the state isn't helping Detroit at all. Why would someone pay more to live in Detroit than say Royal Oak, Dearborn, Ann Arbor, Novi, GR, etc? There is little within the city to get people thinking 'I want to pay more for the opportunity of living in the city of Detroit'

If you lived in this area you would be very well aware that Detroit was a goner long before the decline of the auto industry. I am really tired of this talking point that sounds so reasonable to people who just don't know.

For anyone who really wants to know the Detroit FP has a very good article on the causes:

http://www.freep.com/article/20130915/NEWS01/130801004/Detroit-Bankruptcy-history-1950-debt-pension-revenue

A big part of the problem was not the decline of the auto industry but the decline of the auto industry in Detroit and that happened well before the 90's let alone the bankruptcies.

Between 1945 and 1963 the auto industry built 33 plants in Metro Detroit but 0 within the city limits of Detroit itself. As a result the city lost 140,000 jobs during that time.

Detroit's population peaked in the 1950's at 1.8 million and has been declining ever since going from the 5th largest city in the US to 15th.

 

[boomerang]

Just looking at the property tax rates in that article. Is it a fluke that two of the thriving areas of Michigan have the lowest rates? Grand Rapids and Traverse City have the lowest rates and both are attracting businesses and residents. There has to be a balance. I don't imagine that finding it is an easy task. But there is a range, or a sweet spot that actually generates more revenue, more prosperity. Smart politicians know this, too many don't.

 

[Skyclad1uhm1]

If you put the tax low enough you either have to pump money into the city from elsewhere in the state/country, or you have to severely cut down on infrastructure maintenance, police, fire department, etc to cover the costs. Which would mean that you get increased crime and other issues, which would mean it becomes less interesting to live there or to start a business again. After all, if enough cuts affect the police and/or infrastructure it may take longer for cops to get to a crimescene.

If you pump in enough money at the same time you might be able to keep it up a while, but that money has to come from somewhere. It would then probably be wiser to put the tax rate at a decent level to match the rest of the state, and to give some temporary 'benefits' to people willing to move there or start a business. When the benefits then end (when the economy picks up) you don't need to raise the tax rate to cover future costs.

Of course, no matter which solution you go for, it does require pumping money into the city to try and save it. Which means that others will pay for it via their taxes.

 

[K1052]

Just looking at the property tax rates in that article. Is it a fluke that two of the thriving areas of Michigan have the lowest rates? Grand Rapids and Traverse City have the lowest rates and both are attracting businesses and residents. There has to be a balance. I don't imagine that finding it is an easy task. But there is a range, or a sweet spot that actually generates more revenue, more prosperity. Smart politicians know this, too many don't.

Tax is merely one component of any business decision about where to locate. If you're making toilet seats then you go where the costs of doing business are low....if you're doing anything that requires access to a real talent pool then you go where those people want to be. I could move our business to a number of nearby states and save a bundle on taxes but I wouldn't have any decent employes.

 

[s0me0nesmind1]

Trickle down never has and never will work.

The only thing that trickles down is shit.

It's not 'trickle down' it's "We need to get someone to PAY taxes in the first place. So before we beat the cat over the head with 200% tax increases, we need to first get the cat in the bag before we start beating it."

Imbecile. No large corporate conglomerate that employs in large amounts will ever step foot in there without an incentive. It's asinine to think such a thing would happen.

 

[MiniDoom]

Trickle down never has and never will work.

The only thing that trickles down is shit.

Can we end QE then? Your dear leader believes it works.

 

[Greenman]

There is nothing stopping the "Job Creators" from "creating a working economy" other than their own greed.

Now many of the greedy "Job Creators" have left to ruin other parts of the Country and Detroit is starting the process of healing and coming back.

"Let them leave and it will grow".

Detroit isn't "healing and coming back". It's a city in it's death throws. It's a city that doesn't work without someone else paying it's bills. It's a liberal democrat mecca and it's paying the price for fifty years of greed, corruption, and stupidity. It's unbelievable to me that after years of unadulterated failure, so many people absolutely refuse to try a different idea.

 

[xBiffx]

Tax is merely one component of any business decision about where to locate. If you're making toilet seats then you go where the costs of doing business are low....if you're doing anything that requires access to a real talent pool then you go where those people want to be. I could move our business to a number of nearby states and save a bundle on taxes but I wouldn't have any decent employes.

If that were true, the entire Midwest would be baron. There are many good paying jobs in cities where people don't necessarily want to move to. They still manage to get filled by highly qualified people. Des Moines, where I live now, is such a place. I didn't want to touch this place with a ten foot pole but the job is very well payed and you learn to adapt to your surrounding to compensate for lack of "things to do". Heck, St. Louis had little more to offer and it is huge compared to this place.

 

[dmcowen674]

Originally Posted by dmcowen674
There is nothing stopping the "Job Creators" from "creating a working economy" other than their own greed.

Now many of the greedy "Job Creators" have left to ruin other parts of the Country and Detroit is starting the process of healing and coming back.

"Let them leave and it will grow".

and what party ran Detroit into the ground? Detroit should be liberals shining star.

Rich Republicans ran it into the ground.

Democrats may be the name on the Clubhouse door but it is the Rich Republicans greed that took all the jobs away.

 

[yllus]

I'd be concerned with your states/cities having a race to the bottom that's in the long term unsustainable (no getting around the fact that some amount of taxes are necessary), but for a city that's hit rock bottom I think this is a fine experiment. Really hope the city manages to turn things around.

 

[bignateyk]

So youre going to incentivize businesses to leave other cities to come to detroit? That doesn't sound like a very good plan.

Then what does the next city do after detroit takes all their business? Drop their taxes to 0 to bring them all back? LOL

 

[dmcowen674]

Originally Posted by dmcowen674
Trickle down never has and never will work.

The only thing that trickles down is shit.

It's not 'trickle down' it's "We need to get someone to PAY taxes in the first place. So before we beat the cat over the head with 200% tax increases, we need to first get the cat in the bag before we start beating it."

Imbecile. No large corporate conglomerate that employs in large amounts will ever step foot in there without an incentive. It's asinine to think such a thing would happen.

"Incentives" don't work. The only thing incentives does is put more money in the rich thugs pockets.

Take todays example:

http://finance.yahoo.com/news/shell-scraps-plans-build-12-191642029.html

Shell scraps plans to build $12.5B plant in La.



Shell scraps plan to build $12.5B gas to liquids plant in Louisiana; says project not viable



Royal Dutch Shell has decided to abandon plans to build a massive $12.5 billion plant in Louisiana that would have turned natural gas into liquid fuels like diesel.


The decision comes just two months after Shell selected a site for the plant. It would have created 740 jobs, according to a late-September announcement that championed the plant's location in Ascension Parish, near Baton Rouge.


Shell, based in the Hague, Netherlands, said Thursday that the cost of the plant and the expected profit it could generate made the plant "not a viable option."

Gov. Bobby Jindal's administration had offered an incentive package that included $112 million for road improvements, land purchasing and other infrastructure in Ascension Parish.

=================================================
If you believe they wouldn't make a profit I have a bridge for sale for you too.

 

[K1052]

If that were true, the entire Midwest would be baron. There are many good paying jobs in cities where people don't necessarily want to move to. They still manage to get filled by highly qualified people. Des Moines, where I live now, is such a place. I didn't want to touch this place with a ten foot pole but the job is very well payed and you learn to adapt to your surrounding to compensate for lack of "things to do". Heck, St. Louis had little more to offer and it is huge compared to this place.

It's a case by case decision for a given business. We could move to Wisconsin or Indiana and surely end up with a sweet tax deal but 80% of our employees and corp level execs would quit. Replacing them, while doable, would be an enormous headache and the available talent pool a lot shallower since naturally fewer people we'd want to hire would be interested in living there. We are able to hire people that our competitors can't simply because they are located in other 3rd and 4th tier regional cities, much to our benefit.

Simply lowering taxes is not a cure all to attract waves of business to your state/city/county other than ones that really need to chase that money. Those companies are not really the innovators in the economy.

 

[xBiffx]

It's a case by case decision for a given business. We could move to Wisconsin or Indiana and surely end up with a sweet tax deal but 80% of our employees and corp level execs would quit. Replacing them, while doable, would be an enormous headache and the available talent pool a lot shallower since naturally fewer people we'd want to hire would be interested in living there. We are able to hire people that our competitors can't simply because they are located in other 3rd and 4th tier regional cities, much to our benefit.

Simply lowering taxes is not a cure all to attract waves of business to your state/city/county other than ones that really need to chase that money. Those companies are not really the innovators in the economy.

So is Detroit a 3rd or 4th tier city? If there were jobs there, I think people wouldn't have a problem moving there. So tax incentives alone might be enough to fix the issues with Detroit. No one want to move there because there are no jobs and the only people that do live there now live off the government or are criminals who live off others as well.