Re: Tax Dollars

Pittsburgh PA

Description

You wrote: Tax dollars creating tax dollars is still a slice of the pie. If you give 100 million for a sports Stadium look at the whole picture. You payed maybe 20 thousand people for working who payed Taxes and put money back into the economy. Without taking a hand out, they worked for it. Now even a bigger picture…that stadium produces millions of dollars of revenue for 20 or More years and still it’s only a slice of the pie. Take a minute and think of this..our dollar is Based on gold…how much gold do we actually have? How much money is real in the stock Market? If all small investors pull CASH out of stock market at a slow pace…would it crash? Now look at that piece of the pie….just one mans thoughts. We'll now take it item line by line: ...You payed maybe 20 thousand people for working who payed Taxes and put money back into the economy... -Where did you get 20,000 workers from?? Even during construction there were never even half that, and those jobs "created" after construction were the same vendor and security positions that were there with the old stadium. So, no real net new jobs were realized. ...that stadium produces millions of dollars of revenue for 20 or More years and still it’s only a slice of the pie... -Maybe, but one local politician inadvertently spilled the beans when we were about to lose the Pittsburgh 3 Rivers Regatta. He said on air that 2 weeks of the Regatta generates more revenue than a full season of baseball. So, millions of tax dollars spent for a stadium brings in less revenue than 2 weeks of an event that needs less than a fraction of the capitol investment. Just one more reason that corporate welfare is not a good investment. ...If all small investors pull CASH out of stock market at a slow pace…would it crash?... -I suspect it would crash, but why would they all pull out at once and what does it have to do with our conversation regarding corporate welfare vs welfare for an individual? And finally, I want to address your comment, "...Without taking a hand out, they worked for it..." -You seem to have this assumption that people on welfare are a bunch of takers, but yet you defend corporate welfare. Even though time and time again, in these corporate welfare deals, it's the corporate CEO's that fleece us and even in the best case when they actually produce jobs, it's not very many, AND as soon as the government handouts dry up, they shutter their doors. DuPont comes to mind, they've already shuttered some plants. But let's also look at Volkswagen in Chattanooga, TN. They are actually still operating there, but they received 558 million dollars in 2008 and how many people do they empoly? A HUGE mass of 2000 jobs!! WOW!! Now let's divide $558,000,000 by 2,000 and see what we get: $2.79 million PER JOB!! I stand corrected! That's a BIG PAYOFF ON OUR INVESTMENT!!! Seriously, who do you think gets all that money? And who is actually working? There are exceptions, like the Chryslef bailout of the 70's and the "Detroit" bailout of 2008, and I'm sure there are others that I can't think of now. But in the vast majority of these corporate welfare deals, a very elite few make a ton off handouts but do not actually "work" for it, unless you consider working to find new ways to fleece the taxpayer.