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What's wrong with selling public assets?
Posted on 6/15/14 at 2:32 pm
Posted on 6/15/14 at 2:32 pm
I've read several opinion pieces over the last few months that say it is wrong to sell public stuff to meet debts.
IE, Detroit is in the shitter. The Detroit Museum has some expensive art. But they can't sell it because it is 'immoral.'
Here is my hypothetical. Let's say that the Flint, Mich. Museum has a Picasso valued at 5M. Flint is 5M in the hole. Why shouldn't they be able to sell the Picasso and pay off the debt?
Is the buyer going to burn the Picasso just for fun? Are that many people in Flint going to be deprived of seeing it? Will it negatively effect their lives that much?
IE, Detroit is in the shitter. The Detroit Museum has some expensive art. But they can't sell it because it is 'immoral.'
Here is my hypothetical. Let's say that the Flint, Mich. Museum has a Picasso valued at 5M. Flint is 5M in the hole. Why shouldn't they be able to sell the Picasso and pay off the debt?
Is the buyer going to burn the Picasso just for fun? Are that many people in Flint going to be deprived of seeing it? Will it negatively effect their lives that much?
Posted on 6/15/14 at 2:50 pm to Zach
If it was a private invidual, what do think the individual would be required to do by the government?
It shouldn't be any different, there are consequences to overspending and not being able to pay your bills. They should liquidate the whole mother fricker.
It shouldn't be any different, there are consequences to overspending and not being able to pay your bills. They should liquidate the whole mother fricker.
Posted on 6/15/14 at 2:52 pm to Zach
I agree. Hell, sell land and assets if need be
Eta: it's just another excuse by government to kick the can down the road. They want raised tax income, which makes them stronger. Not liquidating, which makes them weaker.
Maybe we should start garnishing the govt paychecks of those responsible so they help pay as well.
Eta: it's just another excuse by government to kick the can down the road. They want raised tax income, which makes them stronger. Not liquidating, which makes them weaker.
Maybe we should start garnishing the govt paychecks of those responsible so they help pay as well.
This post was edited on 6/15/14 at 2:54 pm
Posted on 6/15/14 at 2:53 pm to Zach
I see no problem with it. All of the federal lands should be up for sle until the government pays down its debts.
Posted on 6/15/14 at 2:53 pm to Zach
The only assets the government should have are those necessary to perform its required functions. Selling assets that are going unused should be a no brainer.
Posted on 6/15/14 at 2:55 pm to Zach
Part of me says no, because where would it end? Then , I say "But in reality we've sold our kids future, our own morality, and some of us have sold America's future, for pie in the sky politics, so they can feel good that their side is in charge...Hell, sell it all. What good is it all anyway, cause without freedom, its all a pile of s2#+, anyway...
Posted on 6/15/14 at 10:43 pm to CamdenTiger
Sell Yellowstone National Park. Pay down the debt?
Posted on 6/15/14 at 11:01 pm to imjustafatkid
quote:
I see no problem with it. All of the federal lands should be up for sle until the government pays down its debts.
The park lands are one of the few things that haven't gone to shite in this country. No thanks
Posted on 6/15/14 at 11:36 pm to Zach
quote:
Are that many people in Flint going to be deprived of seeing it?
they'd be more likely to steal or burn it.
Posted on 6/15/14 at 11:37 pm to Old Hellen Yeller
quote:
The park lands are one of the few things that haven't gone to shite in this country. No thanks
also, what makes anyone think that the gov would use the proceeds to pay of debt? They are going to rack up astronomical debt regardless and for very little in return, so let's keep our parks and forests.
Posted on 6/16/14 at 5:52 am to Zach
Museums normally operate autonomously which is what the DIA is trying to do after this bankruptcy and not be part of the city government.
Individuals donate and museums procure items for future generations. Selling Yellowstone, the Washington Monument or the Declaration of Independence doesn't sound particularly appealing to me.
Individuals donate and museums procure items for future generations. Selling Yellowstone, the Washington Monument or the Declaration of Independence doesn't sound particularly appealing to me.
Posted on 6/16/14 at 6:28 am to ehidal1
quote:
Maybe we should start garnishing the govt paychecks of those responsible so they help pay as well.
GOvernment workers.
I forgot about those.
Usually when I think of right wing lunatics, I think of people with three main goals (in no particular order) 1) protect the wealthy 2) protect the bigots 3) shame the poor. But I forget 4) - shame people who work for the People. Obviously, when the People mismanage their money - they should take it out on the folks they hired to do work for them. That's fair.
If Detroit ever has extra cash are you going to be clamouring for raises for government workers? Of course not - government workers should only get a profit share if its negative - just like in the private sector!
This post was edited on 6/16/14 at 6:30 am
Posted on 6/16/14 at 6:40 am to SpidermanTUba
Your posts have become caricature like.
Posted on 6/16/14 at 6:42 am to SpidermanTUba
quote:
Usually when I think
Your head hurts. Think less.
quote:
If Detroit ever has extra cash
Pipe dream.
Now put down the pipe.
This post was edited on 6/16/14 at 6:44 am
Posted on 6/16/14 at 7:49 am to Traffic Circle
quote:
Sell Yellowstone National Park. Pay down the debt?
Posted on 6/16/14 at 8:16 am to Zach
Nothing. LSU sold off a bunch of land south of campus a few years ago.
Posted on 6/16/14 at 9:03 am to Zach
quote:
I've read several opinion pieces over the last few months that say it is wrong to sell public stuff to meet debts.
I read the last night that we had $200 + Trillion in public assets so it is irrelevant what our unfunded liabilities are. I am not sure if that is true and have not seen it anywhere reliable. But, if we have that much in assets then why are we getting taxed?!
Posted on 6/16/14 at 9:10 am to Zach
Like when Chicago sold it's parking system rights? Maybe an Arab wealth fund will swoop in and buy Detroit. Wouldn't that be nice?
Looks like selling public assets at absurd discounts worked well for Russia when the USSR collapsed, privatization by way of shady deals. I mean, look at all those new billionaires.
Looks like selling public assets at absurd discounts worked well for Russia when the USSR collapsed, privatization by way of shady deals. I mean, look at all those new billionaires.
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