To: lonestar
He made a huge profit because he bought into the investment when it was not subsidized and sold it after it was subsidized. The subsidy made the venture more profitable, so the value of the venture grew. As far as the $50m number, I thought that is what I remembered hearing on the biography channel special. Maybe I was confused with his net worth. If so, I apologize. This does not change the principle of how the money was made.
Look, in general, I like Bush. I just have a problem with what was done with this investment. I do not like the idea of taxpayers subsidizing a private venture. Think about it. Half a percent of every dollar spent in Arlington went to the ballpark. Do you really think it is fair that a private individual can become wealthy through a tax on individuals. I can open a business tomorrow and that would be beneficial. I would hire someone, pay rent, buy supplies, make the market more competetive in a specific industry, but should taxpayers have to pay a tax to reward me for this?
To: undeniable logic
I do not like the idea of taxpayers subsidizing a private venture.
Did the local taxpayers, citizens of Arlington vote on the tax? If so did it pass? Then why can't the locals do as they please? If the people of Arlington are happy with it then so am I.
Lots of local taxing entities give tax breaks or deferrments to business entities for locating or expanding in their area..... nothing unusal about that... Hey creates new jobs, additionals satelite businesses, ........
83 posted on
09/20/2003 9:18:04 PM PDT by
deport
(Man with one clock knows the time..... man with two clocks doesn't know the time)
To: undeniable logic
I hate it when taxpayers are asked to provide stadiums for "fat cats." But that's the world we live in.
All I'm saying is GWB played by the rules. Rules I don't like any better than you.
The voters approved.
92 posted on
09/21/2003 6:01:44 AM PDT by
lonestar
(Don't mess with Texans!)
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