From a Gov. Steve Beshear statement:
"We will do whatever we can as a state to ensure the viability and longevity of the (General Motors) Bowling Green Assembly Plant."
Really, Governor? Why not send the money to Toyota in Georgetown instead? They seem to have a better idea of what to do with it.
2 comments:
OOOOOOOOOOOO You so got him David!
matthiasj
Kentucky Preppers Network
I wonder if the Guv. will propose legislation to legalize all things cannabis? Then GM can build autos made from American-Kentuckian-grown hemp.
That would produce several thousand agriculture jobs as well as saving the Bowling Green GM plant. Additional high-tech jobs would also be created to develop new uses for hemp.
No, we don't need to send any more money to Toyota in Georgetown. That corporate welfare scam needs to be stopped.
The only time government needs to aid business is when it is starting up. However, such laws need a sunset provision so that after 1 to 3 years, the government funds stop.
These are not "economic incentives" as the politicians like to spin it. It's a repudiation of the capitalism of Adam Smith and Alexander Hamilton.
The best aid government can provide American businesses is a Medicare for all national health insurance. That's a competitive advantage that companies such as Toyota have.
Too, why not transfer retirement accounts to Social Security? That was done with the railroad retirement accounts years ago. That would guarantee that workers got their promised retirement. But, they wouldn't be able to draw both their retirement and Social Security.
Also, the cap of money that is subject to Social Security needs to be eliminated. All moneys should be subject to the Social Security tax regardless of source. That would include dividends, capital gains, interest from all sources, including "tax-free" municipal bonds, Golden Parachutes and any and all other corporate welfare scams.
Flat taxes are inherently unfair due to the plethora of exclusions, which are vestiges of the mercantile system that was spawned by feudalism. The American Revolution was a reaction to mercantilism.
Feudal-mercantilism today is pushed by the Republican Party and generally all those who call themselves "conservatives." It's a more-welfare-for-the-wealthy, lords of the manor economic system.
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