Tricky Rick & His 'Nerd Herd' Play Dangerous Economic Game in Michigan

"Re-invented" Michigan is headed in a disastrous economic direction: Feed the Corporations & Business Buddies v. Starve the Poor, the Elderly, and Shank Our Children.

How Truly Nuts Is This?

Snyder's slick 2 billion dollar tax increase/shift means: Less sales taxes, less commercial, fewer new customers and other diminishing business activity and expansion of small businesses. These are the direct results of headstrong, stone-hearted Tea-Publicans in Michigan's Super Majority Legislature having pushed through 2011 massive tax hikes on the poor, having stolen promise and limited savings from retirees, and having upped the daily survival expenses of vital public sector workers.

READER: "Titanic shift in Lansing" by Judy Putnam on February 25, 2011 at the Michigan League for Human Services


Herd of Robber Barons during turn of the century Age of Greed

All of this Snyder CEO inspired "harvesting" of nearly $2 billion in new taxes was raised to blatantly treat the Nerd's business buddies with a massive and excessive business bail-out/gift. Tax hikes of this magnitude will impact directly consumer demand and sales across the state. Less sales taxes, less commercial, fewer new customers and other diminishing business activity, as well as fewer small business successes will be the result.

Exactly how much of a cut-in-demand will result from Snyder's massive new taxes remains to be seen. But unavoidable reductions will gut the joy of the Michigan State Chamber of Commerce (now luxuriating in its power to strip monies away from the poor, the retired on limited incomes and pensions, children, and public servants) is headed for a rude awaking.


Snyder and a few of the political gaggle following the Nerd Herd, Signing Business Tax Cuts June 2011 (Official Photo)

The new Michigan Income Tax hit on investment income will dull and diminish the draw Michigan has had with retirees who have husbanded a personal portfolio intended to care for themselves to the end of life. Given the very nature of the radical shift from reasonable taxes on business and industry (sectors that utilize the common spaces and infrastructure as a means to produce profit and trade) to those whose working days are over is especially off-putting and repulsive to elders who can easily move themselves and their "kitty" to a friendlier state. Start subtracting retirees from drug stores, restaurants, retail stores, and from doctors and hospital care, then see for yourself what a terrible blunder the Nerd herd has committed. Seniors with their carefully stashed savings are a huge, stable financial asset to any community.

Add to the Nerd's negative tax scenario the hard facts about jobs in Michigan reported by Susan Demas:

"While Michigan added 63,500 jobs in 2011, it could have been more. Why? Well, the private sector grew, as University of Michigan economists reported. There were 77,500 private-sector jobs added. But the overall number of jobs added was brought down by the decline in government sector jobs.

CALCULATION: 2011 Lost 14,000 or is it 17,000?

And that's one reason why Michigan's economic recovery hasn't been as robust as downturns past. 'It's been brought down because government jobs are declining,' economist George Fulton.

That trend is set to continue in the future. Private sector jobs are projected to rise by 35,300 in 2012, 35,500 in 2013 and 52,000 in 2014. But government job declines will offset growth in all three years, according to the U of M forecast, bringing the overall projected total for the state to 26,000 jobs in 2012, 28,500 jobs in 2013 and 46,800 jobs in 2014.

And Michigan's unemployment rate isn't projected to slip below 9 percent, on average, until 2014.

So while the right-wing economic argument -- that has practically become accepted as fact -- is that government doesn't create jobs, the reality is that it does. And cutting government has a real economic impact, and it's not always positive." (emphasis added)

This is the Michissippification of Michigan, plain and simple.

READER:
Poorest families hit 1,000 times harder than rich by Michigan tax changes (Rob South Feb 1, 2012) and Report: Tax Changes Hit Low-Income Families the Hardest (MLHS Feb 2012)

See Also: Michigan Republicans say Taxes are a Sin. But Taxing the Poor to Prop Up, Bail Out, Corporate Cronies Isn't?  -- Discover Michissippi’s (Michigan's) Corporate Bosses: The Elites Who Now Run Snyder & the GOP Super Majority Legislature  -- The Free Fire Kill Zone: Snyder’s War on Michigan’s Real People

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