- Georgia's total land area is 37,068,000 acres.
- Of that, 65% is forested. We have more forested acres than any other state, 23,631,000 acres.
- In 2002, of that, about three quarters of a million acres are in national forests, and about 900,000 acres are private.
- Of the remainder, nearly five million acres are owned by the Forest Industry, and about seventeen million acres are owned by farmers or private land owners.
- One company alone, Plum Creek Timber, the largest private landowner in the country, owns nearly 850,000 acres.
- You might want to check Plum Creek's "Political Accountability Record" and learn more about REIT's.
Many Georgia families do not own their homes. According to the University of Georgia's Initiative on Poverty and the Economy, only 67.50% of Georgians own their homes, only 58.80% of those in Bibb County own their own homes. Why is the number lower in Bibb? Because we have higher poverty. People who have money are more likely to own property.
My point? There are a whole lot of people in Georgia who will not benefit directly from the elimination of property taxes. The increase in sales tax, along with the imposition of a brand new tax on services could constitute a substantial tax increase on middle class, working families and the poor. Sales taxes are considered "regressive" by respected economists and shift more of the tax burden to poor and middle class families.
The short story? If you're a large, multi-state corporation, you might think this is GREAT, but if you are an everyday working person, struggling to pay the bills, you're going to HATE this bill.
Really nice job with this post.
ReplyDeleteThanks very much.
ReplyDeleteTax a kid's haircut! fight back against such sillyness learn how to cut your kids hair at home!
ReplyDeleteUnless we can also learn how to take out our child's tonsils, I don't think this approach will work!
ReplyDeleteThe Republicans' ideological commitment to privatization is
ReplyDeletegoing to be faced with backlash in 2008 I think.