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It would be like unemployment ins.
Last comment by shannalat 3 years, 10 months ago.

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Just this weekend I did some traveling through the south. I couldn't help but notice the empty malls and shopping plazas. All over the state their are empty malls and shopping plazas. I wonder what there are more of empty buildings or occupied ones. I am not sure. The recession hit the United States hard. Businesses closed up their doors and left town in a hurry. These malls look like scenes from "The Walking Dead" television show, minus the zombies.
The malls and shopping plazas become havens for criminal activity and a tremendous source for urban blight. I think shortly we will see legislation at the local level which forces developers to create a sort of trust that will have money deposited from the developer. This way when the company leaves town and in it's wake an empty crime ridden shopping plaza or mall. The municipality can utilize the account to take care of the property.
This may seem crazy but I want to ask you two things. First have you seen some of these properties and second do you understand how unemployment insurance works in the state of GA?
. In Georgia, employers pay the entire cost of unemployment insurance benefits.

Latest Activity: Aug 05, 2014 at 1:09 PM

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shannalat commented on Wednesday, Aug 06, 2014 at 13:09 PM

but see a vibrant economy is hard to reach when companies come into a city with a plan to abandon that city in five years. An account like this would act as a safety net for the community and would make the company investing in the community do so at a higher cost causing higher buy in and maybe give that company more incentive to not pull out.
At the very least the city would have the funds to deal with the companies mess.

Funkentelecky commented on Friday, Aug 08, 2014 at 08:27 AM

The needs of the many, out weigh the needs of the few (or the one). The government gets more revenue (profits) from a corporations business than do the corporation itself which built the business. Then the government squanders the money and blame the corporation as greedy.

Here's an example: Remember when Exxon Mobile made record profits of 16B in 2011, and Exxon was demonized for making those profits? When you explain the whole story it's refreshing to know that they are making a difference out there. Exxon made 127B that year and they paid 33B in taxes to the Feds which left 94B. Of the 16B in profits 8B were from tax cuts/exemptions which left 78B. This 78B was used to explore, refine, process, and deliver the oil which additionally was used to provide jobs. Yes they built it and that's more of the story than you will ever hear in the progressive liberal media!

shannalat commented on Friday, Aug 08, 2014 at 10:21 AM

But see the thing is and this is ok with me sort of. But the thing is corporate business for the most part are only out to make a profit. This is so true historically we see this lacking some anomalies.
Now this is "good" greed can be good, but it has to be kept in "check". Greed caused the corporations to open these malls that, honestly were doomed from the start. The malls were built in the suburban areas that were built on a housing bubble generated on bad economics. Any business analyst would have warned against this if they were concerned with anything other than profit they would have not built these in the first place. The problem is not that the malls were built it was that the malls were abandoned and have become community liabilities. Now with the liability we have cost. Who should pay this cost? The corporation or the citizens of the community. I would go a step further and say this. When the mall becomes a liability, who can pay the cost? The citizens of the community, that is in recession, or the business who abandoned said community? Probably at that point neither. So before the development of the mall there should be some planning done by the community as well as the business. Maybe the fund could be developed by both the citizens as well as the business. But there should be a fund for the communities future.

shannalat commented on Monday, Aug 11, 2014 at 08:45 AM

Exactly hubris indeed and pyramids aptly describe these buildings.

We can vote too and should.

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