When the financial markets crash, so do tax collections. Those big nasty companies that Listmembers love to hate are not making profits anymore - and they are laying people off left and right (no pun intended.)
There are no more surpluses, only deficits as far as the eye can see. So stop spending hope. Possible Solutions to the Minneapolis financial crisis: 1. Default on some of the debts (those that were fraudulently incurred.) I cannot believe that the "DFL leaders" will force their constituents to pay hundreds of millions of dollars that were pocketed by shifty real estate developers. 2. Remove the deadweight from the City payroll. 3. Encourage rich Republicans to move to Minneapolis, buy property, and pay exorbitant real estate taxes. 4. Form a posse, light torches, and chase the culprits down who took our money. Sue the heck out of them, size their Caribbean hideaways, their yachts, their multiple homes, their ill-gotten real estate, and their bank accounts. 5. Tax ALL property Minneapolis. No more discounts for the politically connected. There is $7 billion of non-taxable real estate on the Mpls financial statements. Tax the MCDA holdings. Tax Public Housing (its rents are higher than market rate - but they pay no taxes and have no mortgage payments.) Tax the fake churches - and all of the property they own. Tax the very profitable non-profits. Get the land values upped to where they should be. Spread the misery around more evenly. 6. Stop giving NRP money to neighborhood bullies so they can pay themselves to figure out ways to spend it. Vicky Heller North Oaks and Cedar-Riverside _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:mpls@;mnforum.org Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
