Gillum went socialist and dumb. (Update)

I am doing my afternoon Blog views, I bump into McThag’s and that Democrat candidate for Governor Andrew Gillum wants to rise the corporate tax. “Ney”,  said I, “Obama Light cannot be that fucking dumb. I know he lives and mayors in Tally, but you simply do not raise taxes on corporations.”
And then I find confirmation:

Democratic Tallahassee Mayor Andrew Gillum, who is running for governor, made the unusual move of proposing an tax increase while on the campaign trail Friday.
Gillum said if elected, he would increase Florida’s corporate tax rate to 7.75 percent, up from the current 5.5 percent. That increase would generate $1 billion in increased annual revenue, he said, which he said he would use to boost education funding.

Andrew Gillum proposes corporate tax hike for more education funding

Two problems with that, actually three. First: That is a 40.90% increase which will suddenly make Florida less attractive to do business with.  That means that companies will not move in the state and those who can, will get the hell out most riki-tik.

Second: Companies leaving means the expected extra $1 billion in annual tax revenue will not happen, in fact you will end up with a deficit, something Florida has not seen in a while if I am not mistaken.  Then is when legislators and members of the executive get stupid and want to dip their beaks in the assorted rainy day funds Florida has like for after hurricanes and such. Let us not forget that Hurricane Andrew gave Florida a $25 billion black eye in damage to property. And just for fun, Florida Lotto already contributes a lot of money, $1.95 billion dollars for 2017-2018 alone. If almost 2 billion did not fix the supposed problems, then fixing is not by throwing more money into the hole but figuring out what is wrong and getting rid of it.

Third: Gillum is making the mistake of thinking that Disney will not move since the investment that they have is so big. And he is right but as McThag said in his blog: IN FLORIDA YOU DON’T FUCK WITH THE MOUSE, specially when it creates 62,000 direct jobs and God knows how many indirect ones.  You want to challenge the people who are geniuses in automating everything and import cheap IT labor from Pakistan to double down guaranteeing lay-offs? What he has done is guarantee that the Corporate Rodent will throw all its might in the race or we will have Automatons selling trinkets, pizza and cold water within 2 years.

So Gillum is Anti Gun and Anti Corporations? November does not look well for his chances.


Update: stolen from 90 Miles. Gringo Hugo Chavez endorses Andrew Gillum.

8 Replies to “Gillum went socialist and dumb. (Update)”

  1. I see he wants “VA for all”. Oh yes, he’s a Bernie acolyte.
    I wonder if he’s one of the many anti-Israel dems. That would be worth discovering, and publicizing.

  2. Medicare for all + “welcoming immigrants” = full taxpayer funded heath care for all the illegal migrant farm workers in the state. Just how long will the FL economy handle every illegal this side of the Mississippi moving to FL to pick and handful of lettuce and get full medical coverage in return?

    This is already destroying California. It only seems fitting that they destroy Florida next.

    Also…

    Don’t forget about all the athletes, movie stars, musicians, and celebrities in FL that have their own corporations to manage their personal brands. Just wait until the Gold Coast entertainment industry figures out how to move their money elsewhere.

  3. Great. Another one who failed business 101 and economics 101 and now feels qualified to manage an economy that would rank us about the 25th largest country by GDP.

    Unfortunately, about 45% will vote for him just because he has that D after his name.

  4. For some reason, I can not recall a single politician who promised to represent “all the people” actually wanting to do anything for people like me. Except, of course, to pay for their pet projects.

    1. Boris,

      For more years than I care to remember I’ve said that when the Dems want to give tax breaks to the “middle class” I make too much money to qualify. When the Pubies want to give tax breaks for the “rich,” I don”t make enough to get much of a break.

      When either party gets the “Do Something” disease, I do know who’s going to get it in the shorts.

Feel free to express your opinions. Trolling, overly cussing and Internet Commandos will not be tolerated .

This site uses Akismet to reduce spam. Learn how your comment data is processed.