RE: Ark Sunk
December 11, 2014 at 9:42 pm
(This post was last modified: December 11, 2014 at 9:46 pm by Heywood.)
(December 11, 2014 at 9:23 pm)Jenny A Wrote:(December 11, 2014 at 9:11 pm)Heywood Wrote: From what I understand the tax credits are in the form of a rebate. For instance suppose the ark park remits 1 million dollars in sales tax to the state, the state rebates back to the park $250,000 or some scheme like that. This isn't a case of the state handing out money to get the thing built. This is a case of the state effectively lowering its tax rate for this park so that the business plan becomes more tenable in the hope that it gets built. If this thing doesn't get built because the state decided not to issue these credits....the action actually costs the state sales tax revenue.
Making a business cheaper by reducing it's taxes is a subsidy whether it's given at the front end or the back end.
It doesn't make the cost of running the business any cheaper. The business expenses would be the same with or without these credits. What it does do is increase the net margin making the business more tenable. The only reason these credits were being promised in the first place was so that the thing would be built and the state would collect lots of sales tax revenue from it. This wasn't a subsidy, it was an incentive.
(December 11, 2014 at 9:23 pm)Jenny A Wrote:(December 11, 2014 at 9:11 pm)Heywood Wrote: Noah didn't have to deal with OSHA requirements, environmental studies, building permits, labor unions, workers comp insurance, etc.
Ha Ha Ha. Why would he need employees? Noah did it all himself I don't think you need a building permit for a boat either come to think of it. But I understand why he's not building it on water. Given the least wind, it would sink. It's not a sea worthy design.
Hamm is not acutally building a boat. He is building a building that is going to be called a boat.
Also I forgets minimum wage....Noah didn't have to worry about paying a minimum wage either.
(December 11, 2014 at 4:25 pm)Minimalist Wrote: http://www.slate.com/articles/health_and...ingle.html
Translation: There aren't enough creatard assholes willing to go to fucking Kentucky to support these cathedrals to supidity.
Better buy your tickets while you can. I'm sure you want to see an episode or two of The Flintstones.
Hamm's business is tanking because he doesn't know how to run a theme park. Theme parks need new rides, shows, and attractions every year or attendance begins to crumble.
