Taxes

Fear The Stupid

No matter how crazy some tax scheme is, never underestimate the power of stupidity in large groups.

So we thought Michigan’s newly implemented gas tax was bad?

Sure, the road tax puts us at the most expensive gas tax level in the country.  And because of the idiocy of OUR large groups in Lansing, it even protects itself for inflation!  But even so,  our absurd taxation scheme has been relegated to second place in absurd tax schemes.

If Michigan were to follow the lead of Philadelphia (which I think could somehow happen), every six pack of coke 16.9oz bottles would have $1.52 tacked on.  Every Pepsi 8 pack would have $2.03 added on.

And Gatorade?

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26 Cent Gas Increase?

We expected the gas tax increase to bring about a $0.07 gas, and $0.11 diesel bump, but ..

We are getting reports from around the state show increases are a little higher.  In Traverse City, Gasoline that was at $2.33 per gallon jumped to $2.47, and stations with  $2.35 gas jumped to $2.59.  It seems there is some confusion caused by the GOP led legislature’s ‘Christmas’ present of 2015.

What is happening where you are at?

 

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More Trouble With TIF

Traverse City enables more cronyism in its latest money grab.

Does a Tax Increment Financing (TIF) scheme really work?

It seems that each year, special TIF districts are set up throughout our state in order to promote growth or development of a particular economy or industry.  The revenues raised through a TIF scheme are theoretically targeted, specifically for the district raising the value of that district over a specified period of time.

But does it work well enough and is it worth the effort, and goodwill lost, as it continues to be abused by those who hold the authority?  As voters look at the millage requests on the ballot, they now see the language that reminds them that not-all-of their voted in millage will go where it is intended.

A TIF scheme is done by

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Renew Your Plates Now!

With Michigan's upcoming confiscatory registration hikes, its time! - Save 20% by renewing early.

Michigan vehicle owners can renew their registrations up to 6 months ahead of time.

If your tabs are going to be due from now till June, its time to act to save a few bucks.  Using Express SOS, you can avoid the 20% markup this year that our tax hungry legislature and governor have in store as-of Jan 1, 2017.

You’re welcome.

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That is quite a disguise you are wearing there, Mr. Finley

“Wolf” in sheep’s clothing.

 

In case anyone needed a clue as to why The Detroit News wasn’t acting like the Conservative Newspaper that it once was?

Digital First Media certainly pays its employees well to act like something they are not.

Hmmm, I wonder if Stephen Henderson is really a conservative???

H/T to Brandon Hall @ West Michigan Politics

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Um yeah, about that Detroit Pistons move…

Normally, sports doesn’t have much to do with politics here in Michigan.

Only in this case, what is happening behind the scenes should be of concern to everyone living in Michigan.

Hint: Think politicians being generous with other people’s money.

{Continued below the fold}

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Because paying twice for the same things always makes more sense.

"First rule in government spending: Why build one when you can have two at twice the price?" - S.R. Hadden (John Hurt) "Contact"

I’m going to throw out a few hypothetical questions to the readers here at RM, and I’d like to get your candid response.

Ready?

Here we go…

{Click the red box to continue}

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Southeastern Michigan’s Regional Transit Authority Millage Vote

When The RTA Property Tax Passes, It Will Be Imposed On All Four Counties - Even Those Which Reject It

rta-logo-jpgThe 20 year Regional Transit Authority, 1.2 mil property tax plan is on the ballot in four Southeastern Michigan counties, on November 8th. The public doesn’t seem to realize that this property tax will be imposed on all four counties, even if one or more of the counties reject it. A big change from past millage requests specifically designed to shove this tax down anti tax Macomb County’s throat. Michigan’s tax-and-spend establishment really wants this tax to pass.

Ford Focus SThe RTA master plan is $ 1.22 billion in new fare revenue, $ 3.1 to $ 3.3 billion in new property taxes, and $ 1.7 billion in new Federal & State subsidies. A grand total of $ 6 billion, more or less. Let’s say that the relatively modest increase in vehicle revenue miles provided by the RTA master plan – 32% – doubles their ridership. That $ 6 billion cost, divided by 78,327 new passengers, equals $ 76,602 per passenger over the 20 year period. You could buy every one of those 78,327 new riders a new car and pay for their fuel and insurance as well.  Instead, RTA will treat them to the urban mass transit experience.

Urban buses and other mass transit vehicles have a special ambiance with their diverse ridership and high level of maintenance. This experience is enhanced by the faint aroma of pepper spray, plus the full array of odors you would encounter in a hospital emergency room during an overwhelming disaster – except for disinfectant.  Bus scheduling allows those too poor to visit a casino the opportunity to gamble daily on punctuality at their workplaces.

Why riders are unwilling to pay 20% of the cost of mass transit, and why mass transit funding has to be extracted from taxpayers using the threat of foreclosure.  On top of this, mass transit advocates have to raid road funding and vehicle registration fees to deliver their ‘service’.  No free market economics here, despite strong support from the Chamber of Commerce types.

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Strange Bedfellows Explained

Hillary's Plan to Loot Your 401k Account

tony-james-blackstone-groupInternational Business Times and Yahoo Finance just posted headline stories on the plan created by Hillary’s Wall Street masters to loot your future retirement savings. Today’s voluntary 401k savings plans will be replaced by mandatory retirement taxes on all private sector workers – and their employers – which would be turned over to Wall Street hedge funds for investment:

Hillary Clinton And Wall Street: Financial Industry May Control Retirement Savings In A Clinton Administration
By David Sirota and Avi Asher-Schapiro, IBT, 10/19/16 at 12:50 AM

While Hillary Clinton has spent the presidential campaign saying as little as possible about her ties to Wall Street, the executive who some observers say could be her Treasury Secretary has been openly promoting a plan to give financial firms control of hundreds of billions of dollars in retirement savings. The executive is Tony James, president of the Blackstone Group.

It is a plan that proponents say could help millions of Americans — but could also enrich another constituency: the hedge fund and private equity industries that Blackstone dominates and that have donated millions to support Clinton’s presidential bid.

The proposal would require workers and employers to put a percentage of payroll into individual retirement accounts “to be invested well in pooled plans run by professional investment managers,” as James put it. In other words, individual voluntary 401(k)s would be replaced by a single national system, and much of the mandated savings would flow to Wall Street, where companies like Blackstone could earn big fees off the assets. And because of a gap in federal anti-corruption rules, there would be little to prevent the biggest investment contracts from being awarded to the biggest presidential campaign donors.

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Vote No On Proposal 15-1

Gas Taxes.. say what?

Oh that’s right, it didn’t pass.

It didn’t pass, the voters said “no,” but what the heck.  From the official propaganda unit of the MDoT

October 10, 2016 — The City of Ishpeming and the Michigan Department of Transportation (MDOT) marked the opening of two new modern roundabouts at a ceremony this morning, bringing the summer’s $4 million major construction investment to a close.

“MDOT and the City of Ishpeming collaborated in outstanding fashion to improve a longstanding safety problem and access management challenge in the City of Ishpeming,” said Aaron Johnson, manager of MDOT’s Ishpeming Transportation Service Center. “These modern roundabouts bring a safe and efficient transportation solution to US-41 and the city, and provide a wonderful new gateway to the community.”

Emboldened text deciphering:  “Don’t forget to keep making the NASCAR turns.”

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