The Georgetown Watchdog is on vacation, so blogging will be sparse.
Last night City Council approved a resolution 5-2 allowing Pedcor to apply for Texas administered tax credits to help finance 192 low-income apartments on the Outer-Loop near Forbes school. Councilmen Fought and Gipson voted against.
A much more in-depth analysis of the financing of low-income housing using tax credits is warranted and will be provided at a later date. Needless to say, five of the council members had no problem with the transfer of wealth from all the taxpayers in the United States to the financial elite investors of this country.
The Mayor likes to call this activity "free market", but it is not! In a free market the government would not be involved at all with the picking of winners and losers through financial instruments.
It is time to Drain the Swamp and reduce the role of government in the citizen's lives and livelihoods.
No comments:
Post a Comment