The economy

[fskillet]

Government bonds have a much lower interest rate than typically development loan debt. They don’t lose money by not charging property taxes. Why pay taxes to yourself? Churches and other nonprofits don’t pay property taxes. The rent would be charged so that the asset break even accounting for all expenses. But without a profit component and taxes rent would be substantially below market rate. The taxpayer is not harmed because the government owns the asset and it pays for itself. Currently the tax payers is asked to subsidize rents. At least this way an asset is created vs just handing out money.

you pay a developer a fee to develop the asset. The government doesn’t have the expertise to do that.

seems like a pretty creative idea. pardon my ignorance, but has something like this been implemented before?

 

[Dadar]

We really need to be investing in infrastructure.

And renewable energy

 

[baltimorened]

And renewable energy

didn't we pass an infrastructure bill during Biden admin...something over $1.2 trillion

 

[baltimorened]

seems like a pretty creative idea. pardon my ignorance, but has something like this been implemented before?

here's an excerpt from the NY post about the NYC housing authority:

NYCHA’s own internal data shows it takes 449 days on average – or roughly 15 months– to resolve tenants’ non-emergency repair requests like clogged tubs and broken refrigerators, compared to 370 days just two years earlier.

Some repair requests — for routine fixes like faulty pipes — remain unresolved more than five years later, according to residents.

As of last month, paint jobs took an average of 616 days to complete, electrical work 237 days, plumbing 233 days, and elevator repair 101 days.

Government run housing...I'm not sure everyone sees government inefficiency the same way I do.

 

[kidmike41]

seems like a pretty creative idea. pardon my ignorance, but has something like this been implemented before?

I have never researched it, but I would imagine someone has done it.

 

[kidmike41]

here's an excerpt from the NY post about the NYC housing authority:

NYCHA’s own internal data shows it takes 449 days on average – or roughly 15 months– to resolve tenants’ non-emergency repair requests like clogged tubs and broken refrigerators, compared to 370 days just two years earlier.

Some repair requests — for routine fixes like faulty pipes — remain unresolved more than five years later, according to residents.

As of last month, paint jobs took an average of 616 days to complete, electrical work 237 days, plumbing 233 days, and elevator repair 101 days.

Government run housing...I'm not sure everyone sees government inefficiency the same way I do.

You could hire a 3rd party management company like other private owners.

My idea is that the government owns and pays for it, but private entities develop and manage. Government can’t be trusted to not screw it up.

 

[kidmike41]

And renewable energy

I am for solar, but not for cutting down forests for a solar farm. It needs to be over parking lots or on top of buildings.

 

[Hotshoe]

Military spending was 4.6% of GDP when Clinton took office.
Clinton cut defense spending during his tenure. Some say it left us unprepared for 9/11.
It was 4.9% of GDP under Obama in 2010.
Spending was 3.4% of GDP last year (before the Iran war).

I have mixed feelings because I think national defense is the #1 job of the national government. On the other hand we're approaching a $40 trillion debt and it's growing fast. I fully support Trump pressing NATO to do more to defend itself. I don't think we can afford to be the world's policeman.

I'd probably agree to an extra $150 billion to replenish much of what we've lost in Ukraine & Iran and maybe another $100 billion to grow. But certainly not $1.5 trillion.

We desperately need to fund our Navy. It's aging and we're borrowing parts from ships to repair others.

 

[Hotshoe]

didn't we pass an infrastructure bill during Biden admin...something over $1.2 trillion

1.2 Trillion, and he wanted 2-3 Trillion more. Sinema and Manchin stopped him based on promises to Manchin. Biden flat out lied to Manchin, and Biden went public to the point that, Manchin had to hire private security to protect his family. Now, imagine what inflation would have been with that additional spending on social programs. Absolute insanity.

 

[bdgan]

I am for solar, but not for cutting down forests for a solar farm. It needs to be over parking lots or on top of buildings.

I'm for all kinds of energy including wind and solar. The difference is I think each one has to pay it's own way without huge subsidies.

 

[baltimorened]

You could hire a 3rd party management company like other private owners.

My idea is that the government owns and pays for it, but private entities develop and manage. Government can’t be trusted to not screw it up.

just remember, in your plan, government is paying or is receiving below market value for it's properties. In this scenarios it's likely or at least possible, they're operating at a negative cash flow. they still have the maintenance of the properties to pay for.

 

[kidmike41]

just remember, in your plan, government is paying or is receiving below market value for it's properties. In this scenarios it's likely or at least possible, they're operating at a negative cash flow. they still have the maintenance of the properties to pay for.

No they will not be at a negative cash flow position. They are able to charge below market rent because they don’t have to cover property taxes(this is a huge number) and then they don’t need to make a profit. They make sure that they cash flow.