Gunslinger03
join:2004-07-09
Chesapeake, VA | reply to Minister
Re: Isn't it obvious?
Munis issue bonds, the taxpayers eventually pay the bonds. Like I have said before, give me one example where this was not the case. |
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JTRockville
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| said by Gunslinger03  :Munis issue bonds, the taxpayers eventually pay the bonds. Like I have said before, give me one example where this was not the case. Actually, every muni is an example where taxpayers have not paid the bonds. Well, actually, rate payers are usually taxpayers also, so in essence you're right. But funds for bond repayment come from selling the service, not collecting taxes. |
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Gunslinger03
join:2004-07-09
Chesapeake, VA | Twist the words any way you want. The taxpayers pay the bonds. |
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JTRockville
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| I'm not trying to twist your words. I'm trying to clarify: tax revenue is NOT used to pay back bonds for municipal networks. Income from selling services pays back the bonds.
Using your words, I could say "taxpayers pay off cable company debt", since most cable company subscribers are taxpayers. |
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Gunslinger03
join:2004-07-09
Chesapeake, VA
| This is a really simply concept, and the last post I am going to waste my time making on this one: If the muni cannot cover its bills with enough income the taxpayer will fill the gap. The taxpayer also has no way to ensure some of their tax revenue, city fees, etc., are not somehow getting secretly funneled into it. But unlike a private enterprise held accountable only from revenues by people that want the service, everyone that pays taxes would be tied into a muni. |
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Minister
join:2002-01-02
Fleeting
| If a community votes to wire itself, it's not socialism. It's Democracy. If they shoved it down your throat, it would be socialism.
Your entire position as yet another free-market talking head is based entirely on one premise: Greed. Less regulation, less taxation, less baracades to you getting more money in your pocket.
Boiled down, all your entire philosphy is based on is GREED. (sometimes fear)
Greed isn't a policy. |
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JTRockville
Data Ho
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Rockville, MD
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| reply to Gunslinger03
That simply isn't true. Income taxes are NOT used to pay back revenue bonds, which is what most munis are funded by:
Karl Bode said it very well. Read up:
»/forum/n···13292420 |
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