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AHenry's avatar

The desire to destroy our government is not new - on the right or left.

As for Disney, they are a massive, multi-billion dollar company who make rich people richer while under-paying most of their employees. What DeSantis is doing is eliminating a government carve out that helps these rich get richer.

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R Mercer's avatar

And they will continue to get richer, regardless. This isn't some move for social or tax justice and it looks like it will likely save Disney money and responsibility while costing local taxpayers more.

Hmmmmm.

Don't try and excuse a government punishing speech (regardless of how well or badly they do it) with some sort of popularist justice. This is troubling regardless of what it does or does not cost Disney or the local taxpayers... and despite my own stance on the "rights and privileges" of corporations.

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Peter T's avatar

And let's be honest: if DeSantis's games end up hurting rich investors, it'll be a completely unintended consequence.

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Poliorcetes's avatar

What's that feeling when people take your performative actions seriously and then pass legislation because of the "likes" . . .

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Poliorcetes's avatar

By transferring Disney's debt to the local communities . . .

From report today on this action

"Essentially, Disney will lose some control of its property, and get a $163 million per year tax break and ~$1 billion of debt passed onto taxpayers."

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AHenry's avatar

Thanks. Can you include the link?

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Poliorcetes's avatar

ЁЯз╡: ThereтАЩs a lot of misinformation and confusion about what the end of DisneyтАЩs Reedy Creek district means for the company and for taxpayers.

HereтАЩs what I know, after talking to lobbyists, lawyers and tax officials: https://t.co/gllnJVvKqL

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AHenry's avatar

Thanks. I haven't seen a summary this good any place. Now if property taxes are like any place else I've ever lived the taxing authority could still manipulate individual taxes by playing with the valuations. Most places I've lived taxes were county-wide. Here in New England most towns levy their own taxes. And even at that micro-level there are still properties in and out of favor.

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