Tuesday, September 19, 2006

Hope short lived, Memphis still going WRONG direction

I saw this headline, "Changes to PILOTs at Hand" and I thought, "aw right", Memphis has finally decided to stop the insanity of giving tax breaks to rich fat cat corporations (when all this really does is transfer the tax burden to homeowners who already have the HIGHEST property tax burden in Tennessee.)

But NO...reading further I find that not only will PILOTs (payments in lieu of taxes) continue but favored companies will be required to pay $12/hour with benefits.

Sooo.....not only will Memphis continue to have the highest property tax rate in the state, but they are also pricing low skilled workers, those that need help the most, out of the market.

Politicians with good intentions are probably the single most dangerous group of people.