There’s much to be said about fiscal policy in Whitewater, and plenty of time to say it. In my previous post, The Crazy-Wrong Argument on Taxes, I addressed the ludicrous & selfish argument that public grants (in this case, for needless parkland purchases) would have no tax impact. Of course they would. Now people are…
Taxes/Taxation
Economy, Federal Government, Gluttony, Government Spending, Local Government, State Government, Taxes/Taxation, Walworth County, Wisconsin
The Crazy-Wrong Argument on Taxes
by JOHN ADAMS •
A succinct truth: money doesn’t grow on trees. Local government funds municipal projects in one of three principal ways: through local taxes & fees, local borrowing (debt in the form of bonds), or public money from other jurisdictions (grants from the state or federal government). These grants of state or federal public money are, themselves,…
Business, Corporate Welfare, Government Spending, State Government, Taxes/Taxation
Corporate Welfare in America’s Dairyland (Yet Again)
by JOHN ADAMS •
The practice of thriving, multi-million-dollar companies taking ordinary taxpayers’ money to subsidize their private ventures has two aspects: (1) it’s wrong, as it takes from those with little and gives to those with much and (2) it’s sadly commonplace. Consider the case of Husco International, a private company in Wisconsin with an expectation of “more…
CDA, City, Corporate Welfare, Government Spending, Innovation Center/Tech Park, Law, Official Misconduct, Open Government, State Government, Taxes/Taxation, Wisconsin
The Truth about the Wisconsin Economic Development Corporation
by JOHN ADAMS •
A person should be able to make simple distinctions, as between the sensible and foolish, or practical and impractical. Sometimes those distinctions should be clear, and as stark as the difference between the contents of a sample cup and a glass of Chardonnay. You’ll hear a lot locally over the next few days about a…
Corporate Welfare, Government Spending, Local Government, Taxes/Taxation
Grant-Chasing
by JOHN ADAMS •
Janesville now has her hundreds of thousands for a bus. It should be no surprise that those who have flacked every possible public program as the Next Big Thing (no matter how neglectful of dire needs) would herald state and federal grants as though they were genuine, private productivity. The fawning need to tout the…
City, Corporate Welfare, Government Spending, Local Government, Taxes/Taxation
The City of Whitewater’s 2013 Draft Budget: Crony Capitalism
by JOHN ADAMS •
So a multi-billion-dollar corporation (market cap $1.77 billion) wants thousands of taxpayer-dollars from a small city to fund a bus the corporation uses to shuttle her workers to and from other towns where they actually live. The city being imposed upon is Whitewater, Wisconsin, a tiny municipality, like many others, struggling just to balance her annual operating budget. Whitewater’s situation involves juggling to find ways…
City, Government Spending, Taxes/Taxation
The City of Whitewater’s 2013 Draft Budget
by JOHN ADAMS •
Whitewater’s municipal administration released its draft 2013 budget to the public last Friday. I’ve linked to it below (where readers can review, download, or print the one-hundred fifty page document). Common Council will begin consideration of the budget tonight, with tonight’s discussion addressing a portion of the full proposal: Revenues-General Fund, Debt Service-Revenue and Expense,…
Federal Government, Government Spending, Taxes/Taxation
How Government Discourages Savings
by JOHN ADAMS •
One often hears that Americans don’t save enough, but why is that? For a few, it’s probably the consequence of spending too much, conspicuously, to keep up appearances. For most people, though, that’s not true: the percentage of lavish, status-conscious spenders is a small part of most communities. One of the reasons Americans don’t save…
Business, City, Corporate Welfare, Government Spending, Taxes/Taxation
A little consistency would be in order
by JOHN ADAMS •
Around two years ago, the Wisconsin Department of Revenue changed the method by which municipalities valued private properties. The state concluded — correctly — that municipalities were often over-valuing and thus over-taxing private properties. For businesses, a correct, lower assessment meant less in taxes; for municipalities, an over-valuation was useful to extract as much in…
Freedom of Speech, Laws/Regulations, Liberty, Taxes/Taxation
Banned Books Week, 9.24 – 10.1
by JOHN ADAMS •
It’s Banned Books Week, from September 24th to October 1st: During the last week of September every year, hundreds of libraries and bookstores around the country draw attention to the problem of censorship by mounting displays of challenged books and hosting a variety of events. The 2011 celebration of Banned Books Week will be held…
Laws/Regulations, Taxes/Taxation
Helping Entrepreneurs Enrich America: Univ. of San Diego Law Professor Donna Matias
by JOHN ADAMS •
It’s hard to run a business, as entrepreneurs are burdened in taxes, regulations, and find themselves squeezed by those who have never run a small enterprise. (Regulators have often spent a lifetime working at state — taxpayer — expense.) Here’s a video describing a law clinic that’s helping America’s job-creators thrive against long odds. The…
City, Government Spending, Taxes/Taxation
The Cost and Camouflage of Grants
by JOHN ADAMS •
There’s an item in the Whitewater city manager’s July 15th Weekly Report that shows how deceptive grants — supposedly free money — can be. First, the cost. Grants for bridges, etc., aren’t free — someone had to earn that grant money, money that found its way to one public or quasi-public organization or another. When…
Taxes/Taxation
47 Ways to Say “IRS” … What do those initials really stand for?
by JOHN ADAMS •
Development, Economy, Free Markets, Government Spending, Innovation Center/Tech Park, Planning, Taxes/Taxation
Stossel: End Corporate Welfare
by JOHN ADAMS •
Over at Reason, John Stossel writes about the problem – a big, expensive one – of corporate welfare. Particular businesses shouldn’t receive preferential treatment, including taxpayer handouts, from government. Taxes and fees should be lower across the board, and without preference for one corporation over another. Corporate handouts only reduce competitiveness and increase dependency, and…