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It is a nice analogy to make for the uninformed that our local and state governments face the same pension obligations that brought GM and Chrysler down.
“
Pittsburgh’s Brain Drain Game (taxing college students could make
city’s financial problems worse)
“
Tax what you want less of.
Lower taxes on what you want more of.
It’s just that simple.
I can’t recall the title, but some sociologist/historian has produced
a good book detailing the birth of modern capitalism.
IIRC, it really started in Italy...but was put on the run by kings/rulers
that always decided to kill the golden goose.
Thus these enterprising individuals moved, and moved, and moved and
eventually ended up in Holland where confiscatory taxes were not imposed.
(Well, of course that was the case a couple of centuries ago!)
I live in the Pittsburgh area and when I heard the various councilmen who kept saying the Universities and such need to contribute more and so on, I got so angry. First, UPMC, University of Pittsburgh runs a first class medical center and that alone brings a lot to the community. They also donate a lot to the city through charity activities and so on. Yet city council wants them to give more. I feel like I’m seeing “Atlas Shrugged” before my eyes.
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I live in the Pittsburgh area and attended the University of Pittsburgh. You’ll see how quickly students decide to attend the side campuses as opposed to the main campus for at least the first 2 years of their education. Jim Quinn’s First Law...”Liberalism always generates the exact opposite of its stated intent.”
Please don’t say this too loud ... My Governmental IDIOTS here in the PPeople’s REpublic of NY .. haven’t thought of this one ...YET!!!
Just as an interesting aside, the University of Pittsburgh’s branch campus at Johnstown can be expanded. On a huge scale. UP owns several hundred, currently unused acres adjacent to the very nice campus they already have there.
It has been rumored that ALL undergraduate studies could move from Oakland to UPJ (once the campus has been expanded).
Take THAT Mayor Ravenstahl and City Dims...as stated above, liberalism always generates the exact opposite of what it intends (kudos to Jim Quinn).
It is becoming obvious that controls must be imposed upon Federal, State and Local power to tax and spend. If such controls require a constitutional convention, then so be it.