Senate Fails New Mexicans on TIDDs

February 28, 2009

By Xandtrek.

Rich people need to shut up now.

You rich people have been whining a lot lately about how Obama is going to create a vast socialist society that will threaten to make you less wealthy. Your right-wing nut jobs are apoplectic:  the President is going to redistribute the wealth from the rich to the poor. You are upset that you have to hide your jets and island paradises you purchased with our late fees and dead relatives who couldn’t afford your health care system.  You are so persecuted. So what?

The opposite system has been in place for years. Wealth has been clearly and deliberately redistributed from the poor to the wealthy for over 30 years. Laws and policies have been written to promote this redistribution. Special interests and politicians have worked together to ensure that the rich get richer, malady and the poor get poorer.

So shut up now. You people were not content to get rich – you had to rape and pillage to the point that you have destroyed the global economy, advice and possibly the earth as a viable planet for human beings.

Your ideas are failed and yet you still promote them as gospel. Some of your wealth did trickle down – in a very, very, grudgingly slow process.  And most of us got left behind in your dust. And some boats floated up with you, but a bunch sank to the bottom where you couldn’t see, or didn’t want to see. Globalization means other countries need to pay really low wages to workers, get rid of unions, and accept debt that they can never pay off. I’m sure the world is thanking you now.

Even if you are a decent wealthy person, who worked hard for your money, gave a lot of it away for a tax deduction and an interview on Charlie Rose, and maybe you didn’t sell your soul — you shut up now too.

So you were born in the right time, at the right place, to the right parents, or you got really lucky, or God decided you should be richer than him, or you just lied and stole your way to your privileged position. Guess what? It’s not your time anymore and you need to SHUT UP because we want to hunt you down and take it all away from you. Sleep well.
Our State Senate has failed New Mexicans.  As Ben Franklin once concluded: “Easy to be bought, malady
if there was but a purchaser.” This describes the leadership in the Senate with Senators Tim Jennings and John Arthur Smith.  The obnoxious Tax Increment Development District (TIDD) now goes to the House of Representative where Henry Kiki Saavedra, information pills
Chairman of the Appropriations and Finance Committee, nurse
can’t wait to bailout private companies SunCal and Westland Development with a $408 million bond issue for 28 years. This political trifecta has sold their souls to the SunCal and Westland lobbyists: Mark Fleisher, Arthur Hill, Allison Kuper, Dick Minzer, Robert Rivera, Marla Shoats, Joseph Thompson, Daniel Weaks, Vanessa Alarid and William Steadman.  SunCal even feted Mr. Saavedra at an expensive picnic.

SunCal and Westland Development are promising to create 11,500 new jobs within the TIDD.  Let’s see what these companies did in California — 30 bankruptcies, unpaid debts of millions to contractors and no new jobs. Taxpayers are being used to finance this land scheme. New Mexico is one of a few states that uses state taxes to bailout a development.  In an overwhelming number of developments, the costs of the public infrastructure are shared between the private developer and the local government. However, SunCal will be free from this onerous expense. To make matters even worse, the state is not guaranteed any presence on the TIDD Board and has no oversight of the use of the Gross Receipt Tax (GRT) funds. In addition, SunCal, which has a poor track record with its numerous debts and bankruptcies, does not have to worry about that matter. TIDDs are political subdivisions of the state and will be taking on the debt in order to repay the developer. This borders on corruption. Any state legislator who votes for this disgraceful bill will be held accountable. Recently it was calculated that the average per-capita income for all New Mexicans was $29,929, although rural per-capita income lagged at $26,081.  The question is, are we going to help Bruce Elieff, CEO of SunCal, with an estimated worth of $300 million or New Mexicans who are really suffering and deserve beneficial treatment.

Greg Lennes
530 La Melodia Drive
Las Cruces, NM 88011


3 Responses to “Senate Fails New Mexicans on TIDDs”

  1. Stan on March 1st, 2009 12:09 am

    Stanford, Maddoff, and now Suncal! Wake up New Mexico!

  2. Don Daniels on March 1st, 2009 8:25 am

    Greg, I too have done a Google search and have found the bankruptcies, but why not mention they at least dropped $250 million into NM when they purchased the Atrisco shares?

    Has Mesa Del Sol put this kind of money into the state; Intel?

    This is a cash commitment and you should at least acknowledge that.


  3. Don Daniels on March 1st, 2009 3:26 pm

    Stan, thanks for the meaningful discourse. You give Progressives a bad name.

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