The state can't just go "you owe $1b now" to Disney.
Who do you think RCID's biggest bondholder is?
While you roll that around in your head, I'll tell ya what the state CAN say:
"Fuck you, we're not paying you shit."
Now do you have a guess at who RCID owes money to?
It's really not a hard question when you realize that muni bonds aren't taxable, and taxes to RCID are deductible. Now who might want a road-building tax shelter?
They can simply say they're not going to make Disney's bonds whole. And then charge them with racketeering and fifty years of income tax evasion.
Because that's what it was. Disney has money. Disney wants something built. RCID issues muni bonds to build thing for Disney. Disney buys all the bonds. RCID taxes Disney. Disney deducts these taxes from their corporate income taxes. RCID pays for thing to be built. RCID pays its bond holders. Disney's income from this bond is not taxable because it's a muni.
It's a tax shelter. Not a big one, but it does effectively allow them to sneak money past their liability in the two bolded steps.
RCID had responsibility over less than 40 square miles of land and yet had over a billion dollars in bond liabilities. BECAUSE IT WAS IN DISNEY'S INTEREST to maximize the amount of money RCID owed it.
The state can't just go "you owe $1b now" to Disney. It wasn't their debt, it was RCID's debt.
The correct answer is, "Fuck the courts. You owe one billion dollars now. Pay up or I send in the guard."
If cuckservatives continue coloring within the lines they will ALWAYS lose. The system has been fully rigged against the common man over the last century. There's no fixing it except for brute force.
Which is why I believe they did think it through, at least, a few of them. This gets Disney out of a shit tonne of their debt and financial obligations. Like half the RCID's 400+ employees being part of the firefighter's union with lifetime benefits. That's not chump change. Unions across the country have been fighting to exist, cutting retirement benefits seems to be their biggest cost-saving measure.
I swear to fucking god, even the good republicans are fucking morons. He set it up and all the dems have to do is prevent it from happening come November, hammering him time and time again on it, and we can have another crackhead, gay hooker banging dem for governor.
His plan doesn't require multiple steps, it requires multiple hail-marys. The democrats are not so toothless in florida as you think. He barely won, and that was because of a recount!
Maybe not but what they can do is just eminent domain the park and auction it off "for public benefit".
The Kelo decision removed any meaningful limits so might as well use that power to harm the enemies of civilization.
Desantis might want to epic troll like that but I doubt any of his entourage or the legislature has the balls to back him up on it.
Who do you think RCID's biggest bondholder is?
While you roll that around in your head, I'll tell ya what the state CAN say:
"Fuck you, we're not paying you shit."
Now do you have a guess at who RCID owes money to?
It's really not a hard question when you realize that muni bonds aren't taxable, and taxes to RCID are deductible. Now who might want a road-building tax shelter?
Which is why they don't have to say that.
They can simply say they're not going to make Disney's bonds whole. And then charge them with racketeering and fifty years of income tax evasion.
Because that's what it was. Disney has money. Disney wants something built. RCID issues muni bonds to build thing for Disney. Disney buys all the bonds. RCID taxes Disney. Disney deducts these taxes from their corporate income taxes. RCID pays for thing to be built. RCID pays its bond holders. Disney's income from this bond is not taxable because it's a muni.
It's a tax shelter. Not a big one, but it does effectively allow them to sneak money past their liability in the two bolded steps.
RCID had responsibility over less than 40 square miles of land and yet had over a billion dollars in bond liabilities. BECAUSE IT WAS IN DISNEY'S INTEREST to maximize the amount of money RCID owed it.
The correct answer is, "Fuck the courts. You owe one billion dollars now. Pay up or I send in the guard."
If cuckservatives continue coloring within the lines they will ALWAYS lose. The system has been fully rigged against the common man over the last century. There's no fixing it except for brute force.
Which is why I believe they did think it through, at least, a few of them. This gets Disney out of a shit tonne of their debt and financial obligations. Like half the RCID's 400+ employees being part of the firefighter's union with lifetime benefits. That's not chump change. Unions across the country have been fighting to exist, cutting retirement benefits seems to be their biggest cost-saving measure.
I swear to fucking god, even the good republicans are fucking morons. He set it up and all the dems have to do is prevent it from happening come November, hammering him time and time again on it, and we can have another crackhead, gay hooker banging dem for governor.
I mean if he succeeds and actually neuters Disney he'll just run for president and youll end up with a dem crackhead anyway.
Not if he is governor and his Lt. Governor is a republicunt.
Yeah, let's lambast the one Republican actually going after democrat nepotism because his plan requires multiple steps.
Good idea. Let's feed into the democrat machine against him.
GTFO with this bullshit.
His plan doesn't require multiple steps, it requires multiple hail-marys. The democrats are not so toothless in florida as you think. He barely won, and that was because of a recount!