The State Journal's Paul Glasser is the latest reporter to botch the Gov. Steve Beshear pension scheme story:
Beshear's plan delays the requirement that cities and counties catch up on funding their woefully underfunded health and pension benefits plans. The alternate universe mentality that pervades Frankfort and most of the mainstream media emboldens some to spin Beshear's move as a good thing, but pretending that he is saving money for anyone with this just isn't true.
Wednesday, December 31, 2008
No, it won't
Subscribe to:
Post Comments (Atom)
2 comments:
Until states and local governments get off this "economic incentive" kick of giving private enterprise tax breaks, governments are always going to be underfunded, and want to turn to the public for another tax hike.
No "economic incentive" should go on for perpetuity. The Toyota handout has been going on since 1981. Once a business is established, then the "economic incentive" needs to end.
That includes religious institutions too. They all receive local services--police, fire, EMS, trash pickup--at no cost to them. Churches buy up private residences, rent them out, and pay no local property taxes.
Seminaries, schools, and nursing homes don't pay local property taxes either. That free ride should end too.
Hempy, I agree with every word. What a nice way to start off the New Year!
Post a Comment