There is a snide mistruth that underlies the concept of Snyder  reversing the state's exemption of pensions from state income taxation.
The concept is the oft used mantra of the Tea Party as applied here:  Whose money is it? .  To wit: "It's our money."  Now Snyder and  Engler-holdovers and that political corporatist chameleon, Andy Dillon  have put forth the new BIG GOVERNMENT KNOWS BEST redefinition into the  mix; "The retirement pensions are OUR MONEY  and WE MAY TAKE OUT OF IT  WHAT WE WANT  because we are the judges of "fairness."
What about Snyder's oft repeated assertion that he's the arbiter of total "FAIRNESS" for  all.
Snyder's over 300% tax increase on seniors s not about  fairness.
It's about securing the state's largest shift of seniors' personal  money to corporations in the history of Michigan.  If the people of  Michigan allow this MONEY GRAB will it will indeed be "unfair" to the  corporate contributors to Snyder and his cronies? Though you may agree  with Tricky Rick that it would be simple and efficent.
SNYDER CLAIMS TO HAVE A BIG SOFT SPOT IN HIS HEART FOR POOR SENIOR CITIZENS, YET BEWARE !
If some folks, for elective reasons or out of tough economic  circumstances, or other necessity (supporting grown children in  financial difficulty)  are still at work in places like Wal-mart or  McDonald's  past normal retirement age,  we the BUREAUCRATS OF LANSING  now proclaim that unfortunate condition, if out of necessity, is so  tragic that we must FORCEFULLY LEVEL THE PAYING FIELD by instituting a  whopping new 300% tax increase on those seniors with earned the right to  it, and/or were promised delayed compensation/pensions as part of the  condition of their willingness to render services.
So ill-prepared and under-calculated is Snyder's scheme that Rick's  beancounters ignored and/or overlooked the fact that SOME SENIORS HAVE  NO SOCIAL SECURITY AND DEPEND STRICTLY ON LIMITED PENSION FUNDS FOR  THEIR LIVING, DRUGS AND MEDICAL CARE, AS WELL AS OTHER LIVING EXPENSES.
Gov. Snyder admited this omission; and promised earlier this week,  during a statewide  telephone-townmeeting, (held seeking public input  and pressure on the legislature to pass his budget package) that he  would look into that omitted class of pensioners' dilemma.
The corporate-serving Snyder Team would have us believe that removing  $900 million in pension funds piped directly into the business  community's cash flow is good for Michigan.   NOT SO, NOT SO AT ALL!
Those lost pension dollars pulled from the economy equal a huge loss  in broadly spread business opportunity and employment in Michigan.  Keeping this money in circulation is now more important than ever, it's  ceertainly a big part of the state's service sector.
PAY CLOSE ATTENTION:   Every pension dollar in Michigan's pensioner  hands spent on goods and services produces $6.49 in economic activity in  commerce and business. 
How important are pensions to the Michigan Economy.  According to the  National Institute on Retirement Security:  Michigan's "state and local  pensions also supported more than 45,000 jobs that paid nearly $3  billion in wages and salaries, nearly $7 billion in total economic  output, and nearly $970 million in federal and local tax revenues."
THAT FOLKS IS A REAL CHUNK OF CHANGE !
Cutting into Michigan's retiree pension revenue by $900 million (to  fund a corporate tax break) as Rick Snyder has demanded) could result in  a stunning loss of economic activity in Michigan in the range of tens  of billions of dollars!
Who best knows how to spend their own money:   Retirees on  limited/capped incomes or BIG GOVERNMENT out of Lansing; Rick Snyder's  intent on funneling this LEGISLATED BILLION PLUS  WINDFALL to favored  business interests?
GOP State Senator Brandenburg (the Harrison Township Republican who  chairs the Senate Finance Committee) said of Snyder:  "I want to work  with him, I do, but I can't because he (Gov. Snyder)  has a $900 million  money grab in there, and there's no guarantee that the tax cuts for  businesses will generate a lot more jobs." 
News reports reveal:  "The  governor acknowledged that levying the standard income tax on retirement  income has very little support among fellow Republicans in the House  and Senate."
Perhaps being a beancounter and "one Tough Nerd" leaves one out of  the realities of the real world.  The Michigan Views Daniel Howes column touched on the heart of Snyder's problem in this regard:   Snyder may  be a University of Michigan Wunderkind-turned-CEO-turned venture  capitalist and he may be a trained accountant, but it's increasingly  clear he skipped the communications classes that turn business  executives and politicians into their own kind of rock star."
However, again, to frame Howes' phrasing, there are thousands of  Michiganders who are out-of-step with this Tough Nerd:   "...And they  each have their own version of what fresh kind of hell Snyder's Michigan  would visit on everything from schools and city halls to economic  development and the environment."
It will take more than some "factual concoction of  dashboard  indicators," using campaign-speak to get the citizens of this state back  on the track.  "Fairness (as any seasoned union or management bargainer  could tell you) is in the eye of the beholder," opines Howes.
"FAIR" for Rick is largely slanted toward his predisposition to favor  business and money over people and children's well-being. Nothing fair  there!  Just the fact that Snyder would turn over 800,000 poor into the  vacant space of neglect is stone-cold.
Now, regrettably Snyder is now so far mired the muck of political  misrepresentation and mendacity concerning the underlying reasons for  his programs and his involvement with the urber-corporate/Koch  Brothers/Mackinac Center's  "legislative force-feeding of Lansing  Tea-Publicans via A.L.E.C. that it may not be possible for him to  successfully lead the state.
Rick is way behind the stick.
Original Post.
No comments:
Post a Comment