Tag Archives: Tax Money

Saint Paul to Give $3M to Newborns based on a Study of Less than .5% the Population of the City

Melvin’s Money, by TSN_

Saint Paul, MN–Over the next three years the city of Saint Paul will give $3 million dollars (in $50 allotments) of taxpayer money to newborns in hopes that savings accounts generate college degrees. Giving out money to make progress based on cherry-picked data, that seems legit, and Democratic.

That said, this program is noble, honorable, fantastic, and based on very limited data. CollegeBound Saint Paul, the program in question, appears to rely solely on a singular data set of 1,554 participants from a 2013 study done by the Center For Development Research at Washington University.

MPR recently highlighted CollegeBound Saint Paul in an article titled, “Welcome to the world, and here’s 50 bucks for college“. In light of the limited data and the funding involved, this program should be called TaxpayerBound Saint Paul, to emphasize where the financial gift is coming from: citizens’ pocketbooks.

To clarify, the population of St Paul is 304,442 in 2016; the number of participants in the Center for Social Development’s study was 1,554 in 2013. That means the results of this study make up less than .5% of the population of the very city where this program is being implemented.

For compassion sake, to give children a fighting chance at getting an education is an honorable goal, a very progressive idea, especially done right with much research, scientific method, and proof of positive outcomes. However, to create programs funded with taxpayer dollars on scant information is reckless and poorly thought out.

I will end with this, as with any economic idea, time will tell. The truth will show itself as the aid gives way to the unrealistic promises in expensive programs. Economic ideas that work thrive over time. Economic ideas that do not work go bust, just after the politician that created them leaves office, most likely in 18 to 20 years down the line when we have no recollection of these programs or their champions or their intent in the first place.

What Priorities? Vikings Stadium: It’s a question of priorities

880x550_0000_Exterior_PlazaPerspective

MinnPost: Vikings Stadium: It’s a question of priorities

“In the case of building a new Vikings stadium, it was always understood to be roughly 50-50 with the Vikings owners and taxpayers sharing the financial load. Currently, it appears to be closer to a ratio of 90 percent taxpayer and 10 percent owner.”

I suppose it will be nice to have a giant fucking monstrosity of a privately owned stadium as a money collector, to be paid for with tax dollars, as opposed to tuition assistance for college students.  I mean, concussions and NFL tickets are high priority in Viking’s Territory; not to mention we have the Superbowl coming 2018-  major money maker.

The Vikings constantly win the Superbowl, and other titles, so I can see why they need a new facility.  Forget my college debt and the high price of textbooks.  This is a must have for Minnesotans.  The community doesn’t need more educated book reading people, it needs more football fans, bar none.

It could be worse though, I mean, I am more okay with this than funding wars oversea: (see: Wars vs. Local Education; Al Franken, as the Senate Votes) , I must say…  I personally enjoy making the rich richer, and the poor poorer, I know where I stand as a priority; disadvantaged.

Wars vs. Local Education; Al Franken, as the Senate Votes

Franken-071009-18449 0003Bowing to AIPAC, Senate unanimously passes resolution supporting Israel

“The Senate yesterday unanimously passed a resolution backed by the Israel lobby group AIPAC expressing support for Israel’s attack on Gaza and saying not a word about Palestinian deaths.”

Why do we fund oversea wars when students incur debt locally?  Politicians pay for this sort of activity with our tax dollars.  What does Al Franken say about the deaths of thousands of innocent civilians?