It's even worse up north. The mainstream media rarely shows it, but check out their occasional stories and film footage of the condition of certain sections of such cities as Detroit, Cleveland, Chicago and New York. (Actually - Detroit is TOTALLY wrecked.) Tax and spend does nothing but bankrupt, and we here in the south are just now seeing what has been going on in "blue states" for some time. The solution isn't to throw more money into welfare - it's to rebuild a vibrant economy through job creation and tax reform.
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.
"Greed is good." Gordon Gecko-Wall Street. I doubt corporate businesses possess any other 'virtues.' Profit margin built on the backs of consumers and employees paid low minimum wages is part of their business formula. Building a playground for kids, or investing in say, improving the community doesn't exist.
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!
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.
I don't believe it is as convoluted as you have described. We already have entities in place to look out for those possibilities and what's in OUR best interests: The Chamber of Commerce, The Downtown Development Authority, The Liberty County Development Authority, The Tax Assessors Office, The City Council, The County Commissioners etc. The thing is that while they are 'looking out' for us, they are building themselves Pyramids of Hubris known as the Justice Center, The BOE Building and the LCDA Building all the while giving themselves raises and exorbitant salaries.
We can do something about it though. It is called the ballot box. But so far even that has proved ineffective. All the responsibility and change you speak of should begin here, but it hasn't. Our officials are immune to the ballot box. They KNOW IT. We are in Tax Hell and there is nothing we can do about. As you drive by one of the Taj Mahals built by tax dollars, drive slow enough and you can hear the laughter.
That is why I am looking at Boca. Yes it is in Hurricane Alley 6 months out of the year with your chances being 1 in 6 that you take a hit. Here you are in TAX HELL, year round. You can run from a Hurricane, but if you stay here, the Tax Man Cometh year round. I'll take my odds at Boca.