Guilford County Commissioner Paul Gibson's suggestion for a tax hike to build an endowment for the county would be a good idea with one slight modification: Build the endowment without a tax increase. A Board of County Commissioners that could produce a budget that does not spend every single cent it takes in, and instead showed that it could actually set aside funds from current revenues, would be a board that might be trusted with an endowment such as the one envisioned by Gibson.
Jim Capo
Greensboro
Comments (1)
Well Jim,
We often disagree but on this I think you've made a fine point. How can we trust them (County Commissioners) to run the endowment when they've never managed the rest of our tax money? When I was a child my parents refused to give me more money than they could afford for me to spend. I rarely got the candy or the toy I was craving (or even the Converse sneakers) but there was always plenty of food on the table which was a feat considering that we really did live in poverty without any government assistance. My parents did what they had to do to survive and raised 4 sons while earning only $16.000 on Daddy's best year of working over 60 years.
I'm not necessarly against a Legacy Fund-- it could work-- but considering the track record of those who will be managing it... Well, if I were a gambling man I'd give it a snowball's chance in... well, this is not my publication so I'll not use that word.
Posted by Billy The Blogging Poet | February 24, 2005 9:19 PM