We all have heard the stories of how the state is suffering from this recession….that the revenues of the state are reaching record lows….sad to say we are not alone…..all states are suffering from the same problems in their budgets….but I will focus on Mississippi…..
I keep bring up that fact that the state’s revenue comes from the imposition of taxes….without taxes there is NO services that the state is required to offer the people…..and yet every time the legislature meets there is some that want, including the governor, to cut taxes, almost ALL taxes…..do they NOT see what that does for their budgets…..or is it they do not care and need the cuts to pad their political resumes for their next campaign? IMO, it is the latter!
Property taxes? And sales taxes? You do realize that this is the most important tax? Why? The collection of property taxes is one of the chief sources of revenue for state and local government and then the collection of state sales tax……and now the new legislative session has a couple of bills before it:
First there is SB 2288 which states:
AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF A COUNTY AND/OR THE GOVERNING AUTHORITIES OF A MUNICIPALITY TO GRANT A PARTIAL AD VALOREM TAX EXEMPTION FOR AGRICULTURAL PROPERTY THAT IS BEING CONVERTED TO A RESIDENTIAL USE
And then there is HB 4 which states:
AN ACT TO AMEND SECTION 27-65-17, MISSISSIPPI CODE OF 1972, TO REDUCE THE SALES TAX RATE ON RETAIL SALES OF MOTORCYCLES FROM SEVEN PERCENT TO FIVE PERCENT;
Just those two bills would decrease the amount of revenue that is coming in…,…state legislators will have to deal with the budget shortfalls by cutting the services and programs that it funds….you have that right?……first, programs for the poor and disadvantage will suffer, i.e. Medicaid and then once that sector is officially killed they will move to such other programs as educational and so forth……all that is just fine for some but they have NOT looked at it realistic……once all the other programs have been cut to the bone and there is still a shortfall then cuts will be made to programs that effect the white people the most….like fire and police….and then the voice of the people will be heard at least if the politicians want to be re-elected……
But will the people finally realize that to keep cutting taxes is NOT the way to fund programs that benefit ALL Mississippians?
To answer my own question….maybe finally the people of Mississippi will be open to the idea of land value taxation (LVT)…….this could go a long way to solving ALL of Mississippi’s financial problems….it is worth a look…so why waste time BS-ing the people and find the cure…it is there just grow a set of cajones and try it…..it could not be as bad as the crap you put us through yearly…..Just a thought…..