Michigan has something called the single business tax, it accounts for about a third of its receipts. It is the same Valued Added Tax that is killing Europe. They will never get rid of it.
Guv Granholm mused how to create an environment that would nurture young entrepreneurs. My reply is the innovators create themselves, just worry if they want to pursue their dreams in your state or below the Mason-Dixon Line. The VAT kills startups and nothing is replacing the auto industry.
Tony Snow was on WLSAM the other morning, he just ripped on Detroit. Said it had the highest taxes of any city in the whole country. Except the favored businesses that are exempted from them. Basically, Tony said good bye and good riddance to the whole state.
Delphi has immediate problems, the UAW is planning to shut it down until it restores benefits, and they're going to make it an election issue. Just like Blanco said she's going to close oil leases in LA until she gets more rebuilding money.
Time to choose up sides RINO America.
There was an editorial in the Wall Street Journal some months ago about Michigan's punitive tax rates. If the legislature doesn't want to slash those rates, whether VAT design or not, then no one anywhere in the country should give a fig about what happens in that state.
Are the thermometers in Hell on the centigrade scale? In that case, they will have to indicate below zero for Delphi to restore benefits, particularly to the lavish UAW level. There's no money there to do it with.
Great Caesar's ghost, having to choose between DeVos (a crook) and Granholm (a typical lib with a six-year-old's grasp of economics), leaves the embattled people of Michigan with no option but departure.
And the ones that leave are the most productive and youthful, leaving behind the dependent, old and sickly. Basically, what they have built is East Germany, which was unsustainable without the Berlin Wall. There's even a parallel in the Hobson's choice for the governor's office -- it's like Politburo maneuverings. It determines which branch of the elite lines its pockets fastest, but the average family is screwed regardless.
d.o.l.
Criminal Number 18F