If you watch the short video of the ribbon cutting ceremony, at about the half-way point Monaghan explains what happened to the school. Michigan born entrepreneur Tom Monaghan fought for five years trying to get rezoning to build a University and Law School in Michigan. Favorable zoning for the school was ultimately defeated. Naples Florida on the other hand, was much more business friendly. Dealing with the Florida County was an opposite experience from what he found in Michigan, says Monaghan.
Michigan and Counties et al can extinguish our home-grown resources, forcing multi-billion operations out-of-state while asking taxpayers to pay incentives like tax abatements and grants to lure (not yet viable) companies to Michigan. The 3.1 million dollar lure for BioDri comes to mind – thanks to the LEDC. It’s like paying someone to dig a ditch and then paying someone else to fill the ditch in. There has been no evidence – anywhere, that Economic Development works, because it doesn’t.
Recently Lenawee County Commissioners approved a November ballot proposal to impose a county-wide 0.28-mill tax on property owners to promote economic development in Lenawee County. The Lenawee Economic Development Corporation (LEDC), which supports the proposal, is hosting town-hall meetings to explain the proposal. All meetings will be from 7 to 8 p.m., with RSVP requested to the LEDC at 265-5141, or e-mail to firstname.lastname@example.org .
Meeting dates and locations are as follows:
Sept. 21 – Glass Room, Tecumseh Community Center, 703 E. Chicago Blvd., Tecumseh
Sept. 28 – Blissfield American Legion, 451 High St., Blissfield
Oct. 5 – Hudson Community Center, 323 W. Main St., Hudson
Oct. 6 – Cambridge Township Hall, 9990 W. M-50, Cambridge Twp.
Oct. 12 – Clinton Village Offices, 119 E. Michigan Ave., Clinton
LEDC will not be explaining the proposal as much as they’re going to try to sell the proposal, they have an invested interest in passing this millage. However, the decision should ultimately boil down to what side of the economic fence you sit on. Do you agree with “supply side” economics or, do you adhere to “demand side” economics? By familiarizing ourselves with these two opposite economic principles every fiscal decision should fall into one theory or the other – making the decision easy.
I’ve provided some basics and some in-depth analysis bellow. The two principles are best epitomized by Friedrich A. Hayek for “supply side” or “bottom up” against John Maynard Keynes for “demand side” or “top down”. A really great and entertaining introduction to both comes in the form of rap video below (turn up your volume).
The most important question for you to answer is; Do you want your fate decided by the government, or do you want to be in charge of your destiny? Remember, in the world of mathematics, if an equation doesn’t work all the time…it doesn’t work period.
It’s time to decide!