A modest proposal to transform HOPE

The deficit facing Gov.-elect Nathan Deal and the state Legislature is approaching $2 billion, and Deal is already warning that education budgets will once again be slashed. More teacher furloughs, more layoffs, more crowded classrooms, shorter school years … the list of impacts is lengthy and troublesome.

In the meantime, Deal is also insisting that the state corporate income tax — which generates $600 million a year — be eliminated to make the state more “business-friendly.” Yeah, that would require still more cuts in education, but hey, it’s all about jobs, you know.

In addition, the state tax-reform commission is expected to propose lowering the income tax and increasing the state’s reliance on sales-tax revenue, a move designed to shift still more of the tax burden onto the working and middle class and away from the wealthy. True, we’re already a low-tax state, but we ought to do anything we can do to help out the real producers.

But you know what I’m thinking? I’m thinking we should abandon the half measures and the pretending and really go for it.  Our leaders should admit to the world and their constituents what they really think about the state of Georgia and its people, and I know just the way to do it.

Take the lottery-funded HOPE scholarship, which generates almost $1 billion for college tuition and pre-kindergarten programs. I mean that literally: Let’s take it.

Let’s stop wasting all that money on silly efforts to raise education levels in Georgia — we all know that’s hopeless anyway — and instead use it on things that really matter. Let’s impress them with just how far down this line we’re really willing to go.

So, if you’re a CEO and you bring 50 jobs to Georgia, we’ll cut you a personal check for $1 million. Five hundred jobs will net you $10 million deposited in the bank account of your choosing. With a billion dollars in the kitty, we could bring an additional 50,000 jobs to Georgia without breaking a sweat.

We could rename the program Helping Out Private Enterprise, or HOPE. It would be a public-private partnership that no other state could match. Think of the growth our new HOPE would bring! Think of the prosperity! It would be a marvel, I tell ya!

– Jay Bookman

224 comments Add your comment

DWTOO

December 15th, 2010
1:10 pm

Sounds good to me. No, not really. Funds spent on education are an investment and if we continue to short change it for corporate tax breaks we won’t have the educated workforce needed in the future.

jm

December 15th, 2010
1:14 pm

I’m all for getting rid of the corporate and income tax rates and spreading the sales tax over a much larger base, inclusive of services. Would make sense and help us compete economically.

Taxes won’t matter if there aren’t any jobs.

But HOPE needs real reform. The last discussions I’ve heard from those in the legislature are stupid and fiddling at the margins. Shocker…..

jm

December 15th, 2010
1:16 pm

Its frustrating that Georgia isn’t leading. There are real opportunities to employ conservative principles and help people. And Georgia isn’t doing that in the most intelligent manner….

(ala HOPE, savings accounts, health care, tax policy, etc.)

atltrafficqueen

December 15th, 2010
1:19 pm

Jay, when I read the title, I thought you were going to say something about eating the pre-k kids and college students instead of giving them HOPE! LOL

Matti

December 15th, 2010
1:22 pm

Christ. How will you feel if Gov. Crooked Deal takes you up on your proposal, Mr. Bookman? It’s not like that idea is too far-fetched for them!

barking frog

December 15th, 2010
1:24 pm

The only scholarships that should be given are
athletics (cheerleaders included). Academics
have been replaced by high speed internet.
Lottery money is sin money and should be
spent on sinners.

jm

December 15th, 2010
1:24 pm

Fix #1 – Make HOPE need based again, and tie it to a combination of SAT and GPA, not just GPA.
Fix #2 – create mandatory savings accounts for every worker in GA, since SS is going down the toilet. Worker contributions would rise from 1% initially to 10% in 15 years. If SS was converted to a private savings plan, this would go away.
Fix #3 – Get rid of corp and inc taxes as proposed. But spread sales taxes over all goods and services, no exemptions
Fix #4 – Take 20% of HOPE funds and allocate them for special “bonuses” for STEM majors.
Fix #5 – Provide tax rebates for anyone that installs rainwater cistern systems for their home, since AL and FL hate us.
Fix #6 – Phase in vouchers, but only for schools with blind admissions that submit to state testing and accept that funding can be yanked if students perform poorly.
Fix #7 – Alternative to 6, ramp up Charter Schools big time.
Fix #8 – Build a massive new docking system somewhere on the Georgia Coast with a naturally deeper bay, instead of dredging the Savannah River deeper and deeper.
Fix #0 – Have the State take over MARTA. Expand rail transit around Atlanta, and then the state.

That would get the ball rolling. Back to work instead of lala land.

Jay

December 15th, 2010
1:25 pm

I don’t know why they wouldn’t, Matti.

Union

December 15th, 2010
1:25 pm

georgia leads the nation in ppl that dont graduate after starting college.. least we are number one in something.. so i guess my question is this.. out of all these kids that dont complete school that we spent money on.. how bout we go after them for the money back?

Union

December 15th, 2010
1:27 pm

fix #11.. turn ATL over to someone that knew what they are doing.. instead of buddy contracts for relatives that cost us billions..

jm

December 15th, 2010
1:29 pm

Union 1:27 – current mayor doesn’t play that game. Campbell obviously did….

ROBOCOP

December 15th, 2010
1:31 pm

Deal’s proposals to handle the deficit and corporate tax rates is typical of a so-called conservative’s view of what’s needed. We need to keep Georgia education right at the bottom of the heap — where it’s been for decades and decades, and take care of those who need help the least. Funny how that works. If you’re living at the poverty line and need a hand up, you get accused by the Right of being a lazy slacker who is a parasite on the taxpayer. However, if you’re already wealthy and really don’t need the help, you’re going to get it whether you need or want it at all. These folks are not viewed as slackers by the Right because they’re part of “the special group,” the “in crowd.”

Why don’t these Republican cowards just bite the bullet and tell us they want to raise taxes. That would be far more honest and more palatable than making up these BS stories about improving Georgia’s climate for corporate Anmerica. About the only thing left to do to make us more attractive to corporate America would be to force working people to work for nothing… a sort of return to a previous form of corporate welfare called slavery. We had money to buy half of our interest back for Oaky Woods and we had money to pay for $onny’s ridiculously stupid “Go Fish” program, and we had money to give more companies more tax credits and tax exemtptions (and not providing any jobs for it), but we don’t have money for educating our children.

Republicans have managed to turn the clock back 50 years on us. What’s amazing to me is how eager some very stupid Georgians are to agree to this.

Adam

December 15th, 2010
1:31 pm

No comment. Seriously.

barking frog

December 15th, 2010
1:33 pm

A simpler solution would be to mandate the use of
horse power. No more cars, trains or planes so
no more airports, railroads or highways. Full
employment picking up horse poop instead
of flinging bull poop on the internet.

jm

December 15th, 2010
1:35 pm

Robocop – on the bright side, to edit an old saying, “at least they’ll be our rich people”. I’d prefer rich Americans to rich Chinese.

Redneck Convert (R--and proud of it)

December 15th, 2010
1:36 pm

Well, Bookman finally makes some sense. I was about to give up on him. You got to think, what’s more important, having a bunch of colledge-educated eggheads running around without jobs, or having all kind of jobs? Me, I got enough school after my senior year in the 5th grade. It was time to make some real money, seeing as how the school desk was way too small for a guy 16 years old. Just look at the evidence on this blog. We got bunches of people that’s been to colledge and can’t read or write any better than me.

Anyhow, I know people that need a job bad. My buddy Joe Bill, for instance. He’s been out of work for almost two years and living out there on that old farm. And he needs some real money. He’s getting dunned by hospitles and Drs. every day for the bills he run up after he fell off of the roof at his place a few months ago. He don’t have insurance and he refuses to buy any. Says nobody’s going to make him do it. Says it’s the public’s job to take care of things like his doctoring. Now they’re threatening to take his property. The most sacred thing a guy can have, and they want to take it. A job would bring in some income that would keep the bill collectors at bay.

Besides, we got enough educated idiots that do stuff that don’t do much for anybody. Some of them even work for newspapers. We could sure use that HOPE money to bring some jobs to GA.

Have a good p.m. everybody.

RB from Gwinnett

December 15th, 2010
1:37 pm

I find it interesting they hold the lottery up as a beacon to fix the “last in education” problem in Georgia, yet the money goes to college education and pre K, neither of which has any meaningful effect on the high school SAT scores which are used to determine the “last in education” ranking.

Union

December 15th, 2010
1:38 pm

jm.. thats good news about reed. i still think they should look at privatizing the airport. we will be paying for years to come over some of those contracts they put in place a few years ago.

we could use the extra money from the 400 tolls? or did we already blow that somewhere?

Common Sense isn't very Common

December 15th, 2010
1:39 pm

Ok. Give me the 10 million and I promise to really really create jobs this time.

I know I promised since 2003 to create jobs, but I had my fingers crossed.

This time if you give me the ten million, As I am flying to the airport in my new helicopter you will feel the trickle.

DebbieDoRight

December 15th, 2010
1:39 pm

Matti – comment for you downstairs.

jm: Fix #1 – Make HOPE need based again, and tie it to a combination of SAT and GPA, not just GPA.

jm when the Lotto was created, back in the 90s(?), it was with the provisional knowledge that ALL funds from the lotto (besides salaries, etc.) were to go to education. With a billion + dollars in the lotto now, Education should NOT be hurting in georgia. The reason it is hurting is because the politicians have been raiding the lotto/education fund and using the money for their pet projects (read – fish preserve).

Fix #2 – create mandatory savings accounts for every worker in GA, since SS is going down the toilet. Worker contributions would rise from 1% initially to 10% in 15 years. If SS was converted to a private savings plan, this would go away.

Hmmm that sounds “almost” like you’re proposing a healthcare-type bill like the Dems……… Weren’t the tea party people opposed to government mandates such as that? Just asking…….

Jay: We could rename the program Helping Out Private Enterprise, or HOPE. It would be a public-private partnership that no other state could match. Think of the growth our new HOPE would bring! Think of the prosperity! It would be a marvel, I tell ya!

Too funny!!!

Jimmy62

December 15th, 2010
1:40 pm

Sounds a lot like Obama’s stimulus. Let’s take tons of money from one place, and spend tons of it to create like 10 jobs!

Mick

December 15th, 2010
1:41 pm

Ever notice that in georgia and florida what’s the first item brought up for cuts? Why its education of course, as if that’s not the single most important responsibility of the state. All these many years we have survived but now education is the number one target on the chopping block. Yet, the people wonder why we are so far behind….

Kamchak

December 15th, 2010
1:43 pm

Fix #3 – Get rid of corp and inc taxes as proposed. But spread sales taxes over all goods and services, no exemptions

Good luck getting 14 year old girls to fork over any part of their baby-sitting money

what if

December 15th, 2010
1:44 pm

Transferring revenue generation from income to sales puts the revenue burden directly on those who can afford it least, while creating an enormous tax break for those who can in fact most afford the tax burden. Barnum was certainly right. You really can fool just about everybody all the time. Was @Robocop the only one in here who has the cognitive capacity to figure this out?

Jay has a plan. Those ivory tower eggheads who have been getting handouts to coddle all those worthless kids all these years shouldn’t be trusted anyway, and everybody knows all that research about early childhood ed is a lie anyway. Take those bux and just hand ‘em over to Deal’s hunting buddies. They have the knowhow to keep Georgia on the bottom.

Union

December 15th, 2010
1:47 pm

@ Mick – ga & fl are not the only places to do this.. in lausd they have laid off over 6000 people this year alone.

@ kam.. stop hanging around 14 yr old girls.

TaxPayer

December 15th, 2010
1:47 pm

That’s the spirit, Jay.

Five hundred jobs will net you $10 million deposited in the bank account of your choosing.

I’m gettin’ kinda partial to Swiss bank accounts myself.

Kamchak

December 15th, 2010
1:48 pm

Was @Robocop the only one in here who has the cognitive capacity to figure this out?

Good heavens no, the FairTax horse has been beaten countless times.

jm

December 15th, 2010
1:49 pm

Union 1:38 – no doubt the international terminal was a poorly executed, and contracted, idea. But there aren’t exactly buyers for an airport that is worth 10’s of Billions of dollars. Literally. So its going to stay an ATL entity.

Well, the 400 tolls is kind of a complicated story. The state 400 people kind of screwed Buckhead and some other spots when they didn’t finish the construction of the I-85 interchange. So it still needs to be finished. I obviously don’t, and couldn’t, know the whole story. You do have to wonder if the State DOT people are idiots, or didn’t finish the project so they’d have an excuse to extend the tolls. Either way, the state gov’t wasn’t, and isn’t, serving us terribly well…..

jm

December 15th, 2010
1:50 pm

DDR “The reason it is hurting is because the politicians have been raiding the lotto/education fund and using the money for their pet projects (read – fish preserve).”

Not true. But they have messed up HOPE….

Mick

December 15th, 2010
1:50 pm

union

Where is lausd?

Ragnar Danneskjöld

December 15th, 2010
1:51 pm

Maybe, after seeing the results of 10 years of HOPE, it is time to pull the plug on HOPE entirely. While I recognize the virtues of setting up a welfare program to suburban white and Asian kids, to be funded almost entirely by HOPEless black denizens of the inner city, there is also a down-side. I cannot think what it is, but I know there must be one.

TaxPayer

December 15th, 2010
1:52 pm

Hey, if you expect to pull them jobs back here from Ireland, the number to beat today is 12.5%. Once everybody has brought their corporate tax rate down to zero in order to be attractive to business, then we can start on the next round of cuts to stay competitive. It’s the Republican way.

DannyX

December 15th, 2010
1:52 pm

“jm.. thats good news about reed. i still think they should look at privatizing the airport. ”

The airport was on Sonny’s do list but he ran out of time. He had plans to start his own airline after leaving office, “Sonny Airlines.” He’s pretty happy with his Ports Authority loot. And his mysterious loans, Sonny highways, Sonny tax breaks and Sonny land deals.

Deal will probably make a run for the airport. The airport has “no-bid Deal” written all over it.

Btw, this will be a big week for Georgia Power. More goodies headed their way. Gotta love a “free market” company that’s allowed to charge its customers for future power plants. Investors? Who needs them? Oh yeah, someone has to be there to take in their guaranteed, almost 13% profit.

In Georgia Republican politics there is always HOPE for a short skirted lobbyist, or a deaf school children fund.

Happy face lifts! And HOPEy for all.

jm

December 15th, 2010
1:53 pm

Ragnar 1:51 :D I still laughed. But I may have to pull a “Boehner” about it later.

detritusUSA

December 15th, 2010
1:53 pm

Wonderful sarcasm! Uh, it really was sarcasm, wasn’t it?

Union

December 15th, 2010
1:55 pm

@ mick.. la unified school district..

@ jm.. not buy the airport.. but run the airports day to day including contracts, etc. there was a study several years ago that showed the revenue generated by the privatization of the airport could bring in so much money that property taxes could have been eliminated for the city of atlanta residents.

@jay.. do you remember when all of those studies were done? you have better search abilities than us.. every time i find something.. it wants me to buy it from the ajc archives.

stands for decibels

December 15th, 2010
1:56 pm

a welfare program to suburban white and Asian kids, to be funded almost entirely by HOPEless black denizens of the inner city

Rags, sometimes you’re almost tolerable.

deegee

December 15th, 2010
1:56 pm

Let’s create jobs that no one educated in Georgia is qualified to fill.

Has anyone else detected “I’m in over my head” in Nathan Steal’s body language? I’ll bet he gets advice before he takes a whiz in the morning.

stands for decibels

December 15th, 2010
1:58 pm

If it’s been awhile since you’ve read it…the original version of Jay’s piece.

DebbieDoRight

December 15th, 2010
2:00 pm

jm if the politicians didn’t raid the money from HOPE, then HOW did they “mess it up”? Just asking…….

Union

December 15th, 2010
2:00 pm

taxpayer.. ireland is an example of how well it worked.. revenues shot up.. the govt spending when into frenzy mode.. when the global economy started to decline.. so did the revenue.. what did the irish govt do? decrease spending? cut back? no.. they spent even more money..

http://www.cato-at-liberty.org/dont-blame-irelands-mess-on-low-corporate-tax-rates/

DebbieDoRight

December 15th, 2010
2:00 pm

that should be raid the “coffers” of HOPE.

Lil' Barry Bailout

December 15th, 2010
2:01 pm

Wow, all that loathing of people who aren’t like him finally came spewing out of Jay.

JDW

December 15th, 2010
2:01 pm

@jm…”Either way, the state gov’t wasn’t, and isn’t, serving us terribly well…..”

AMEN, AMEN and AMEN

However Sonny made a bundle and Deal is just itching for his share.

#1 Foxy Lady

December 15th, 2010
2:01 pm

To make up for the decades of racists exclusion from state-supported Georgia Universities followed by decades of overt white favoritism through “legacy” admissions policies, the HOPE scholarship should go exclusively to African-American students.

DebbieDoRight

December 15th, 2010
2:05 pm

Union: @ jm.. not buy the airport.. but run the airports day to day including contracts, etc. there was a study several years ago that showed the revenue generated by the privatization of the airport could bring in so much money that property taxes could have been eliminated for the city of atlanta residents

Funny!! Unfortunately, the money from Fulton County (where the airport predominantly sits) is dispersed to every rural county in the state. It was amazing to me when Sandy Springs wanted to suceede from Fulton County because of taxes, etc.; yet no one mentioned the fact that their taxes are so high because the money made from them help fund the poorer regions of the state. But, shhhhhhh, don’t tell anyone…….I think that’s supposed to be a big secret…………

JDW

December 15th, 2010
2:05 pm

Ragnar Danneskjöld

December 15th, 2010
1:51 pm
“Maybe, after seeing the results of 10 years of HOPE, it is time to pull the plug on HOPE entirely. While I recognize the virtues of setting up a welfare program to suburban white and Asian kids, to be funded almost entirely by HOPEless black denizens of the inner city, there is also a down-side. I cannot think what it is, but I know there must be one.”

Never thought of it that way but true enough.

Jack

December 15th, 2010
2:05 pm

We could do this: We could discourage industries from locating in Georgia. According to liberals, that’d just about fix everything.

jm

December 15th, 2010
2:06 pm

DDR 2:00 – they didn’t raid the funds. They expanded the program. There used to be a needs based metric that disappeared. Once everyone could get it, it was bound to drive up tuition costs, driving up the funds to be soaked out of HOPE. It’s a little complicated, but the short story is, they blew it up by basically enabling almost anyone to get HOPE.

Mick

December 15th, 2010
2:09 pm

For your info: (off topic)

Here’s a holiday surprise that only the dictionary can provide. Do you find the word “Xmas,” as an abbreviation for Christmas, offensive? Many people do.

You won’t find Xmas in church songbooks or even on many greeting cards. Xmas is popularly associated with a trend towards materialism, and sometimes the target of people who decry the emergence of general “holiday” observance instead of particular cultural and religious ritual.

But the history of the word “Xmas” is actually more respectable — and fascinating — than you might suspect.

First of all, the abbreviation predates by centuries its use in gaudy advertisements. It was first used in the mid 1500s.

X is the Greek letter “chi,” the initial letter in the word Χριστός. And here’s the kicker: Χριστός means “Christ.” X has been an acceptable representation of the word “Christ” for hundreds of years. This device is known as a Christogram.

The “mas” in Xmas is the Old English word for “mass.” The thought-provoking etymology of “mass” can be found here.

In the same vein, the dignified terms “Xpian” and “Xtian” have been used in place of the word “Christian.”

As lovers of the alphabet, we are transfixed by the flexibility of “X.” The same letter can represent the sacred, the profane (“rated X”), and the unknown (“X-ray.”) What does the “X” in Xbox stand for?

Guy Incognito

December 15th, 2010
2:09 pm

Am I the only one who has a chocolate fantasy involving #1 Foxy Lady?

Mick

December 15th, 2010
2:09 pm

Merry Xmas all!!!

Granny Godzilla

December 15th, 2010
2:12 pm

Jay

So proud to have introduced the concept of incentivising job creation on this blog a while back.

USMC dawg

December 15th, 2010
2:12 pm

“To make up for the decades of racists exclusion from state-supported Georgia Universities followed by decades of overt white favoritism through “legacy” admissions policies, the HOPE scholarship should go exclusively to African-American students.”-#1FoxyLady

Racism Much?

DannyX

December 15th, 2010
2:13 pm

Bill Campbell’s biggest mistake was not being a white Republican.

Or maybe the electorate has changed that much in 9 years. I think Campbell should switch parties and run for Governor in 4 years. He has a proven track record of corruption. He may not be able to keep up with Sonny and Deal, but I’m sure he would make all Republicans very proud.

Bill Campbell (R)…For Governor!

jm

December 15th, 2010
2:13 pm

DannyX – LOL that first line was good

jm

December 15th, 2010
2:15 pm

DannyX – you should meet Bada. Unless you are Bada.

TaxPayer

December 15th, 2010
2:15 pm

Union,

rather than get into a meaningless discussion of whom to blame what on with regard to Ireland’s corporate tax rate, I decided to take a more pragmatic route in the post of mine that you referenced and simply conduct a little palm reading exercise. I mean the obvious extension of the argument that lower corporate tax rates are needed in order to attract business is that ultimately everyone must follow suit in order to remain equally attractive since all we are talking about doing here is taking a fixed number of jobs and shuffling them from country to country and state to state in search of the greener grass. There is no job creation involved with these sorts of sleights of hand, only more profits to pocket by those with the vested interests.

TaxPayer

December 15th, 2010
2:17 pm

Bill Campbell’s biggest mistake was not being a white Republican

I don’t know about that one. I hear black Republicans are in even higher demand.

jm

December 15th, 2010
2:18 pm

TaxPayer – actually, there are more jobs for everyone through trade. However, it has to be fair trade (a foreign concept to China) and free trade (also foreign to China).

Jobs are being lost in the US primarily due to technological innovation, and lack of keeping up with modern educational standards. China and trade deserves some blame for some jobs being lost. But on balance, trade is a very good thing….. and tax competition is also a good thing.

DannyX

December 15th, 2010
2:20 pm

Mick, your type of people are what is destroying America. The war against Christianity is real.

Already the war on next years Christmas has started.

I asked my boss for the week of May 21 off so I could enjoy Christmas with my family. My boss is one of them Chinese food eaters, he hates us, he said I can’t have that week off.

WHY ME!

jm

December 15th, 2010
2:20 pm

carlosgvv

December 15th, 2010
2:20 pm

Since the Republican Party is completely owned by Big Business, it’s no suprise that Nathan Deal’s number one priority is serving the Corporations. Education and the people are a distant second on the list and may or may not get any crumbs from the table.

#1 Foxy Lady

December 15th, 2010
2:20 pm

Guy,
I’ll scoop in some extra metamucil with you in mind.

stands for decibels

December 15th, 2010
2:22 pm

Bond vigilantes.

They have to be slow-cooked for hours in order to be rendered edible, but, ok.

Mick

December 15th, 2010
2:24 pm

dannyx

I don’t get it?? By the way, what does your X represent?

jm

December 15th, 2010
2:28 pm

Just a reminder folks. Jobs come from businesses and companies….. lower taxes, more business. More business, more jobs. More jobs, everyone happier….

Bosch

December 15th, 2010
2:28 pm

HOPE needs to be tweaked and left alone.

Bosch

December 15th, 2010
2:29 pm

Well, that made absolutely no sense — but it does need some tweaking — I think that cough syrup I took is taking its toll.

Jay

December 15th, 2010
2:29 pm

So you like my idea, then, jm?

Union

December 15th, 2010
2:31 pm

taxpayer.. i understand that you cannot argue the facts regarding ireland.. it all speaks for itself.. i guess tax cuts and incentives are a bad thing.. i mean.. look at that whole kia nonsense.. they have only added a few thousand jobs and expanding to add more.. plus all the businesses and companies popping up around the new location.. sheesh.. what a total failure.. :(

jm

December 15th, 2010
2:32 pm

Jay – of course, I actually think your idea, such as it was crafted as a sarcastic idea, was very comical. If it were a serious suggestion, I would, of course, think it is ridiculous.

You may justifiably ask: well, if we’re not going to give HOPE money to corporations and instead put it into education, then why does it make less sense to take money from corporations and put it into education?

But there is a difference.

USMC dawg

December 15th, 2010
2:34 pm

“Just a reminder folks. Jobs come from businesses and companies….. lower taxes, more business. More business, more jobs. More jobs, everyone happier….”

Amen, thank you jm! And Go Fair Tax! (sorry jay:)

jm

December 15th, 2010
2:37 pm

As an economist on NPR the other day pointed out, the government should only be involved in those things that fit under the “lighthouses and autopsies” category. Or said another way, government should insert itself when there is a tragedy of the commons kind of issue.

Education, in its simplest form, is a private benefit. Those that invest the most in their education reap the benefit. Ergo, education should be subsidized to the least extent possible.

But of course most people can’t pay the up front cost. But there are better mechanisms for facilitating education than just giving it away to anyone that can pull of a 3.0 from a GA school.

TaxPayer

December 15th, 2010
2:38 pm

jm,

how low can taxes go. It seems like reality would have to overwhelm faith at some point in time regarding the law of diminishing returns. But just to go ahead and put the issue to rest once and for all, as Jay, I believe, is suggesting here as well, let’s just skip ahead to the logical next step and next step and next step and be done with it instead of going through this death of a thousand cuts. Just get rid of all the damn taxes and regulations and trade barriers and whatever else Republicans and Libertarians and whomever have dreamed up as the savior of all saviors and implement it so we can all get on with our end times. How ’bout it. Maybe if we all picked a date and time to sign a form letter and e-mail it off to our respective “leaders”… what do you say.

Kamchak

December 15th, 2010
2:39 pm

Jobs come from businesses and companies….. lower taxes, more business. More business, more jobs. More jobs, everyone happier…

The Bush tax cuts are still in effect, businesses are sitting on record profits and the unemployment rate is still near 10%.

That strategy clearly hasn’t worked.

Doggone/GA

December 15th, 2010
2:39 pm

Jay – I would add an additional requirement that the people hired have to have been residents of GA for some specified period of time. It’s not going to help much if the company brings in people from other states or countries.

jm

December 15th, 2010
2:39 pm

Jay, see also

http://freakonomics.blogs.nytimes.com/tag/deadweight-loss/

Every kid that flunks out after their first year (or any year prior to graduation) is a deadweight loss. Every kid that graduates and goes to work in any of the other 49 states is mostly a deadweight loss. Every kid whose parents never played the lottery and makes a fortune is a deadweight loss.

There is a real problem with public education, financially, as currently crafted. There are fixes, none of them likely to be very popular.

Jay

December 15th, 2010
2:40 pm

There you go again, Doggone, adding regulations to an already overregulated business community.

BADA BING

December 15th, 2010
2:40 pm

jm…….BADA BING watches…..waits……

Jay

December 15th, 2010
2:40 pm

I mean, what part of “giveaway” don’t you understand?

jm

December 15th, 2010
2:43 pm

Kamchack “That strategy clearly hasn’t worked.” Not possible to know. I don’t think physicists were running a higher tax version of the US in one of the alternate universes, enabling economists to know the tax cuts failed. Just like it is impossible to know for sure how much, or how little, benefit the stimulus created.

Doggone/GA

December 15th, 2010
2:47 pm

“There you go again, Doggone, adding regulations to an already overregulated business community.”

yeah, well…it’s not really an issue for me. I’d estimate the lottery has made, MAYBE $25 from me since it’s inception!

DebbieDoRight

December 15th, 2010
2:48 pm

jm HOPE should/could be self sustaining. With a billion + in the budget, HOPE has more money in its coffers than the Georgia Education Fund; with said coffers growing monthly. So, if they have all this money vested away, why SHOULD it, HOPE, need an overhaul, and not just any overhaul an IMMEDIATE overhaul? Not say, in 5 years this or that is going to have to happen, but a we need this done right now urgency?

IMO it’s because the money in HOPE has been allotted to things outside of its intended function. And those things are NOT education.

jm

December 15th, 2010
2:50 pm

DDR – there are no more HOPE reserve funds…. they’ve already drained them.

jm

December 15th, 2010
2:51 pm

DDR – and HOPE is going to get revamped. In one way or another. For the reason stated above – the reserve be all gone. Though it wasn’t looted.

TaxPayer

December 15th, 2010
2:53 pm

i understand that you cannot argue the facts regarding ireland..

What facts would you care to present in support of your argument, Union. How about their 11.8% unemployment rate. Or perhaps their progressive personal income tax rates of 20 and 40%. Or maybe their income tax levy. Or how about their plan to introduce a property tax on top of all else. Or maybe their nation’s near bankruptcy. I mean, I know you Republicans are in love with the notion of no corporate taxes but how can you look to Ireland as your Utopia given their outrageous personal income tax rates and their current economic condition. They’re on hand and knee begging for anyone to loan them money as long as they do not have to raise corporate tax rates to the same levels as in countries that they would beg for money from.

DannyX

December 15th, 2010
2:56 pm

I like Jay’s idea, I think the new name can be worked on though.

It needs to be fresh, up to date. A name that represents our values and the Republican super majority we live in.

How about CASH? Christian Angels Spreading Hope

Nice Guy

December 15th, 2010
2:58 pm

Kamchak – “That strategy clearly hasn’t worked.”

There’s your sign.

Kamchak

December 15th, 2010
2:59 pm

I don’t think physicists were running a higher tax version of the US in one of the alternate universes, enabling economists to know the tax cuts failed.

The tax cuts were enacted in 2001 and 2003, sport.

Why would inter-dimensional travel be necessary since we have more than enough evidence in this one?

Dusty

December 15th, 2010
3:00 pm

Aww don’t you folks see the real problem that Jay has found here? Forget HOPE!! Georgia has a REPUBLICAN GOVERNOR ! That to Jay is an enormous problem which he must attack vigorously if not in straight forward manner.!

As to HOPE which is supposed to be for passing grade high school “scholars”, why did they add remedial studies? Why not just say we are letting every child In Georgia go to college because it is the right thing to do?

When you turn academics into welfare you get no winners, just people with a piece of paper indicating nothing. That is why HOPE is not successful.

Doggone/GA

December 15th, 2010
3:08 pm

“How about CASH? Christian Angels Spreading Hope”

How about this: since a “money person” for stage productions is called an “angel” – I think “Corporate Angels Spreading Hope” is more appropriate

JDW

December 15th, 2010
3:08 pm

Dusty

December 15th, 2010
3:00 pm
“Aww don’t you folks see the real problem that Jay has found here? Forget HOPE!! Georgia has a REPUBLICAN GOVERNOR ! That to Jay is an enormous problem which he must attack vigorously if not in straight forward manner.!”

Actually I think the issue is we have a crook for a governor now and just elected another…

DannyX

December 15th, 2010
3:10 pm

“Corporate Angels Spreading Hope”

Much better. I like it.

jm

December 15th, 2010
3:15 pm

Kamchack “The tax cuts were enacted in 2001 and 2003, sport.” I know. Channeling Scotty?

stands for decibels

December 15th, 2010
3:17 pm

The tax cuts were enacted in 2001 and 2003, sport.

and, as my favorite “recovering economist” put it earlier today…

The idea that the personal income tax rate has anything to do with whether corporations sitting on tons of cash might hire people is about as logical as the Chewbacca Defense, but since Republicans keep saying it we must take the idea seriously.

But, for the record, what kind of awesome job creation did those Bush tax cuts give us?

Total nonfarm employment increased from 132,469,000 in January of 2001 to 133,549,000 in January 2009. Just over one million jobs in 8 years, or 11,250 per month.

stands for decibels

December 15th, 2010
3:17 pm

“Angels Spreading” just sounds wrong.

Dusty

December 15th, 2010
3:17 pm

JDW…spoken like a good Democratic Bookman “brat”.. Gov. Elect Deal has not even been installed and you have already passed a “verdict” on him. What you like to tell me all the indictments made against him? Nor have I heard any indictments against Gov. Perdue.

Perhaps you would also like to tell me about perfect Democratic governors around the USA. Start with Illinois. Try being fair for a change.

Kamchak

December 15th, 2010
3:18 pm

Channeling Scotty?

No, laddie.

Lil' Barry Bailout

December 15th, 2010
3:19 pm

Hey libbtards, since you claim tax cuts don’t create jobs, go ahead and tell us what does.

Higher taxes? More regulation? Trade barriers? More unfunded mandates? More business-bashing from your Idiot Messiah?