whiterock said:
Oldbear83 said:
boognish_bear said:
I think this is the kind of BS the tech CEOs peddle just to keep everyone from interfering with their exponential progress.
Do the math. This is a lie.
"Citizens Dividend" is a very old concept. Google it up. An idea with a very "American" flavor.
Math checks out for my corner of the world (per household, not per person), to the penny assuming we end up with 3 instead of just 2 DCs (which would be a given if we get everything done like we intend to do on planning/zoning/overlay). We are actively considering a "rebate program" (once everything comes on line in the 3-6yr timeframe). Literally are looking at scenarios that prompt the thought "what the heck are we going to do with all this revenue?" *
Can't say the "dividend" mechanism will actually happen, though. Legal council advises Texas Government Code does not allow municipalities an easy way to do it. More likely will have to happen via State Lege (with either a state program or a change to GC). But we are going to be able to max out all allowable prop tax deductions, at a minimum. That would be a 4-digit number per household, in one of the poorest cities in the county, so nothing to sneeze at.
*numbers are still soft. We cannot know what the Appraisal Districts are going to do and do not have an obvious pathway to dictate or replace the ADs for valuation. But we are looking at a very conservative range of scenarios - low end estimate of valuation is a third of the high end, the high end being 75% of actual investment cost. (and the lowest number TRIPLES our current budget).
Real word shyte, here. Don't disbelieve it. What you should disbelieve is all the anti-DC nonsense you see. Such incredible nonsense, that.
I believe the record, and I believe the details. We
know DC's have worked out private deals with councils that give them tax deals and water/power access which are hidden from the public. That alone is reason to challenge these DC constructions.
Whenever someone points out the problems with water access for farmers, power costs for citizens, and so on there are excuses about it but no corrections as of yet. That is also a reason to challenge DC construction.
But in the matter of 'citizen dividend', so far it's BS since there is no commitment by any company at all to pay out money to the public, let alone the kind of money being hyped in these stories. But just consider the kind of money we're talking about. If a company or industry
was actually able and willing to pay, say, one million dollars to every citizen, with 338 million Americans that means paying out $338,000,000,000,000, and since the industry needs to stay viable they need that much money in addition as assets, meaning the industry would have to have at least 776 Trilllion dollars in assets. And if that very unlikely condition was created, dumping 338 Trillion dollars onto the US Economy would be explosively inflationary.
So yeah, it's total BS. It's not about giving a ton of money
to Americans, it's about getting a ton of money
from Americans.
