Monday, February 13, 2012

private funds for public works

the govt is out of money. instead of raising taxes, maybe they can encourage large corporations to "take over" the budget of local stuff for one year. for instance, disney corp can provide all the money for the auhsd (anaheim union high school district). the lakers can sustain the la public library system. google can donate enough money to cover mountain view's public transport system. this is also a really cool way for these corporations to give back to the communities that support them.

of course, these companies would not be allowed to actually take over operations or dictate anything. the la public library already has a estimated budget, so the lakers would just write a check to cover it, and the govt (local, state, and federal) wouldn't need to give money to the la public library that year. that saved money can then be used for other stuff. and if a certain city already has, say 10%, or more of their annual budget covered, the some state and fed money can be transferred to another city in the same county that doesn't get any help. if the county has 10% or more of their budget provided for, the state and federal money goes to the state fund to help other counties. and so on... this way no "lucky" cities will get way more extra help while their city next door gets no extra money.

and what would these companies get in return? probably not much other than our gratitude! they can't get too many tax breaks because the govt needs that money. tho they can do the usual thing, where you don't pay taxes on donations. but i don't really know what else the govt can give them except control over whatever they've given money to. but that could be really unethical. besides, you're not buying that thing, you're just giving money to it. when i donate money to the salvation army i don't expect that they now have to be run the way i want. granted, these companies will be giving a ton more money, but it is only for one year, and it would be to their govt thing of choice. so if the miami heat hates the parks in maimi, they wouldn't give them money!

btw, this post reminds me of billionaire david rubenstein donating $7.5 million to repair the national monument.

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