Blue Mass Group

Reality-based commentary on politics.

  • Shop
  • Subscribe to BMG
  • Contact
  • Log In
  • Front Page
  • All Posts
  • About
  • Rules
  • Events
  • Register on BMG

Where’s the money for MBTA (and schools and parks)? — Part II

February 16, 2012 By shirleykressel

Thanks for directing the discussion about the recurring MBTA funding crisis to the Big Pig — corporate welfare.  As I commented at that posting, we are losing far more than the $150 million in film tax credits to what Auditor Suzanne Bump called the two-billion-dollar “black box” of corporate subsidies when she testified to the committee hearing bills on disclosure of these give-aways (bills that are still languishing in committee!).

There should be another focus for this conversation, and that is on the tax rates paid by m/billionaires.  A recent report  found that almost 9,400 tax filers in Massachusetts make over a million dollars a year, with a total income of $28.4 billion. A 4% surtax would bring in $1,136,000,000.  And really, it should be a higher surtax on the 82 guys making $25 million to $100 million.  Many of those are in the financial industries, which brought down the house.  Two billion a year would take care of a lot of subway fares, school teachers, potholes and day care centers.

Come to think of it — last year, the state raked in $2 billion more in income tax than they expected. Yet, instead of spending it on the services the state had just slashed, the Gov tucked most of it into the rainy day fund.  And then gave us a sales tax holiday to boot.  So…maybe our elected officials just don’t want to give us our services, even if they have the money…

Now, let me say that I agree with those who point out that the T has been unfairly saddled with Big Dig debt (mostly dumped on the Turnpike Authority, which collapsed, and some of which the T is now trying to shift to Massport in ferry costs, as if musical debt will solve the problem).  And I agree that the T is inefficient and poorly managed and full of layabouts and negligent in fare collection and all those other Boston-Herald-commenter types of gripes — but then, most every department is similar, and most private companies too, for that matter.  I fully agree that we should audit and examine the agency’s operations to cut the very substantial waste, fraud and abuse. Agree, agree.

But we should also recover the big missing public money lost to massive corporate welfare, and to the uber-rich, most of whom are spawn of corporate welfare.

Please share widely!
fb-share-icon
Tweet
0
0

Filed Under: User Tagged With: corporate-welfare, mbta, progressive-taxes

Comments

  1. Ryan says

    February 17, 2012 at 1:47 am

    and remember, people… if you agree with Shirley and I that this corporate welfare should end and that we should invest in our state and its people instead, please sign the petition.

    We need way more people to make sure Beacon Hill hears us and I promise it will only take a minute or two. If you spend an extra few minutes to email the petition to your friends and ask them to sign, all the better.

    We CAN do this. We CAN make our state work, but we need to make our voices heard and this is one really easy way to do it.

Recommended Posts

  • No posts liked yet.

Recent User Posts

Predictions Open Thread

December 22, 2022 By jconway

This is why I love Joe Biden

December 21, 2022 By fredrichlariccia

Garland’s Word

December 19, 2022 By terrymcginty

Some Parting Thoughts

December 19, 2022 By jconway

Beware the latest grift

December 16, 2022 By fredrichlariccia

Thank you, Blue Mass Group!

December 15, 2022 By methuenprogressive

Recent Comments

  • blueeyes on Beware the latest griftSo where to, then??
  • Christopher on Some Parting ThoughtsI've enjoyed our discussions as well (but we have yet to…
  • Christopher on Beware the latest griftI can't imagine anyone of our ilk not already on Twitter…
  • blueeyes on Beware the latest griftI will miss this site. Where are people going? Twitter?…
  • chrismatth on A valedictoryI joined BMG late - 13 years ago next month and three da…
  • SomervilleTom on Geopolitics of FusionEVERY un-designed, un-built, and un-tested technology is…
  • Charley on the MTA on A valedictoryThat’s a great idea, and I’ll be there on Sunday. It’s a…

Archive

@bluemassgroup on Twitter

Twitter feed is not available at the moment.

From our sponsors




Google Calendar







Search

Archives

  • Facebook
  • RSS
  • Twitter




Copyright © 2025 Owned and operated by BMG Media Empire LLC. Read the terms of use. Some rights reserved.