I read HB 2421 and it has one major flaw - it doesn't issue stock certificates.
Over the next ten years the plan is to extract, through increased taxes, over $8.5 billion dollars.
With this money, the state wants to "invest" it in companies - even startups - to produce electricity with solar power. I can't remember the last investment I made with a gun pointed to my head, but I digress.
Since my money will be taken from me and given to an "investment", couldn't I at least get stock in these companies so that I could have a return on my "investment"?
The state should offer tax reduction packages, permit reduction or waivers, reduced B&O taxes, or even offer to convert all government buildings to the new source of electricity, but they really should not be in the business of being the venture capital partner or the business loan fund.
Unless I get stock certificates.
Posted by SouthernRoots at January 17, 2008 10:06 PM | Email This