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Dakota Equity Taxes & Gimmicks & Fake Facts Boom Or
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"New
Bold
Leadership In
The White
House And In
Bismarck"
The Phrase Was
Coined By Now
North Dakota
GOP Governor
Doug Burgum -
The Only
Candidate For
Governor To
Endorse Trump
What Was It Doug Burgum Said They Are To Get
Elected? - Money Squanders, Career Politicians & Good Old
Boys
Yep, "New Bold Leadership" - Burgum Doesn't Say Or Do A
Thing Since He Became One Of Them
When The Next Generation
Asks You, Why Didn’t You Do Something? Why
Didn’t You Speak Up? What Are You Going To
Say?
You Can Pay Off Your Mortgage -
Create Equity - But You Will Never Pay Off
Bureaucratic Runaway Property & Sales Taxes
- Your Renting & Buying From The
Bureaucrats.
Do You Know Where
Taxmakers Tax Slave's Are When There Spending,
Indebting, & Taxing? There Out Working To Pay
Equity Taxes & To Keep A Decent Life For Family
& Or Themselves!
For What Is Lost In The Great Equation Is The
Rising Price Of Everything To Pay
Taxes, Health Care & Big Pharma - Its
Unsustainable - A Cancer On The Great Society - The
Snowball To Hell
If You Attempted To Drain The Swamp - They Would All
Be Sucked Down & Drowned In The Rabbit Hole
There Has
Been A Lot Of BOOM's In
North Dakota In Recent
Year's & As With Oil
- The Revenue
Streams Have Not
Benefited Taxpayers -
Only Indebted Them!
If You Live In ND
You Are Being Taxed To Death - To Poverty - Moving To North Dakota
- Think Again - Read The No Gimmick Relief Letter From Our Tax
& Equity Leaders
& The Line Of Equity Hype They Would Even Think To Publish -
Then Read The Gimmicks & Fake Numbers Letter From Robert Hale
Of Minot
ND Funds - Balances
What do they ever plan on doing with this money?
"We also have an obligation to return
the excess revenue our strong economy has deposited in the
state treasury to the taxpayers.
After all, it is your money, and we are
committed to significant and sustainable relief from the
burden of property, sales and income taxes.
While there are many plans on the table today,
we can guarantee you that before the session ends, you and
your family will see real tax relief."
The Vision By - Carlson, R-Fargo, House majority
leader. Wardner, R-Dickinson, Senate majority leader. -
They Say They Have An Obligation To Return That Money -
Have You Received Yours Yet?
If They
Wont Do What We Elect Them To Do & Respect Our Wishes, Our
Money, Our Lives - Then As The Young People In Florida &
Across This Nation Say - Vote Them Out - Vote Them Out -
From Federal To State To County To City - Vote Them Out
For All The
Hype About The Big Time Energy Production State You Would Never
Know It In Taxes - A House In Minot Paying $4000 to $5000 A Year
In Property Taxes - Thats More Then Amelia Island Florida!
Minot Has The Highest Water & Sewer Rates In The State -
City, County, School Taxes Are Being Raised.
Ward County Tax
Parcel Viewer - gis
Property Tax Viewer
Here is another sign of the Times for
Minot & Ward County
Tax Delinquencies Rise
Equity Is Used In It's
Definition - The Quality Of Being Fair &
Impartial & The Value Of That Fairness &
Impartiality - As In Well Managed Business Equity
Debt - As In Well Managed Public Equity Debt
Created By Local, State & Federal Leaders
The Democracy That Gives Taxpayers A Say In
That Equity Debt. As In New Airports, New Public
Structures, New Schools, New Jails, Healthcare,
Law Enforcement, Addiction Recovery, Tax
Reduction, Private Investing, More Government
& Bureaucrat Waste.
Thank God For Bold New Leadership That Is Of A
Equity State Of Mind. No More Money Squanders, No
More Career Politicians, No More Good Old Boys, No
More Tilting At Windmills Whose Foundations Are
Anchored In Swamps.
Just then they came in sight of thirty or forty
windmills that rise from that plain. And no sooner
did Don Quixote see them that he said to his
squire,
"Fortune is guiding our affairs better than we
ourselves could have wished. Do you see over yonder,
friend Sancho, thirty or forty hulking giants? I
intend to do battle with them and slay them.
With their spoils we shall begin to be rich for this
is a righteous war and the removal of so foul a
brood from off the face of the earth is a service
God will bless."
Second Largest Gas
& Oil Production In The Union & We Dont Have Any
Money? & Taxes Keep Climbing - Whats Up With That?
Governor Calls For Budget Cuts
He Should
Be Screaming
The answer is simple raise property
equity taxes and sales equity taxes. Thats what they keep
doing, why stop.
Raise Wages, God knows a lot of state employees are not making
enough to make ends meet. If you raise there wages they will
get more done.
Did the legislature consider cutting all
the unbelievable wages being paid?
Dozens of political appointees
receiving 11k a month, doctors receiving 31k a month. There
supposed to be equity servants of the taxpayer!
State Payroll
Roster - 2015
State Payroll
Roster - 2021
The
average median income in ND is $60K a year. There isn't one
state, county or city employee who should be paid more then
that.
Then you would see a change in the way things get done!
ND Median Income
Here
is a prime example of taxpayer equity!
One example Burgum offered is the state has 800
legacy information technology programs. The Information
Technology Department spends 91 percent of its time operating
those legacy systems,
9 percent of its time growing existing system and zero time on
transformation, Burgum said.
How many websites does the state have? A Lot.
There are 5 pages of ITD employees!
State Payroll
Roster Page 3
Why don't
they get the state highway department to stop salting roads
that don't need salting and when they do it turns to ice!
When they really need to be out salting and plowing there not!
Here
is why Burgum needs a sword not a scissor to cut the budget
& how the can just keeps getting kicked down the road
Come On!
Cut these
cronies at the state fair - $18,500 a month for a manager and
assistant manager!
State Payroll
Roster Page 117
When the fair looses money year after year!
Rewarding A Looser!
They want the Ward County Historical
Society off the fairgrounds so they can build a Convention
Center - While in Minot aren't there enough
centers already?
Based on the years of loosing money the state should look at
moving the fair to Bismarck or Fargo for better numbers and or
replacing the management.
NDSF Manager
Happy With Court Ruling
The NDSF "Should Represent" The Past, The
Present, The Future, of North Dakota
It Does Not.
Ask yourself a few things about the Fair.
Why is it that every food vendor there charges $8.00 or more
for anything. A hot dog, a coney dog, a burger, 8 bucks, 8
bucks, 8 bucks!
Why is it to exit the main parking lot you have to drive
through the ditch? One way out through the ditch!
Why is it for local talent karaoke and free stage bands the
seating is so screwed up, unlevel, one bench here and one
bench there.
For the gate charge and those $8.00 hot dogs, things could and
should be a lot better.
Like so many things in the Trump ERA answer
the NDSF with your Wallet. Boycott It!
Comments in local paper about ruling. They are valid.
During his campaign for
governor, Burgum often talked about shaking up the "good old
boy" party establishment and reining in "runaway spending".
Burgum could save the taxpayer a ton of money by
not being like his predecessor and paying bonuses to public
servants.
You know what you sign up to be a taxpayer public servant or
go to work as a taxpayer public servant employee and you don't
like the wages.
Then Go Get A Job In The Private
Sector & Or Start Your Own Business & See How You like
It
If They Wont Do What We
Elect Them To Do & Respect Our Wishes, Our Money, Our
Lives - Then As The Young People In Florida &
Across This Nation Say - Vote Them Out - Vote Them
Out - From Federal To State To County To City - Vote Them
Out
Here is a good selfie of Burgum. I call them names
to get elected and when Iam elected I do the same things they
did, the laughs on you and your wallet!
Burgum and the Legislature mostly agreed on spending priorities
during the session, though friction was evident at times,
especially during a fight over a bill limiting a governor's
ability
to set salary bonuses for staff. Burgum won that veto
fight with the Legislature by arguing the legislation improperly
infringes on the executive branch.
God forbid, just like the last governor lets pay bonuses to
servants of the taxpayer, yet alone did the legislature consider
cutting all the unbelievable wages being paid.
Dozens of political appointees receiving 11k a month, doctors
receiving 31k a month. There supposed to be
servants of the taxpayer!
State Payroll
Roster - 2015
State Payroll
Roster - 2021
State Employees Receive $2.1 Million In Retention and
Recruitment (BOOM) Bonuses 11/2015 - While Crime Rages
The
Plutocracy
Dick Dever of
Bismarck says the state has been competing with the private
sector and the $1.5 million in retention bonuses are
justified.
You know what you sign up to be a taxpayer
public servant or go to work as a taxpayer public servant
employee and you don't like the wages.
Then Go Get A Job In The Private
Sector & Or Start Your Own Business & See How You like
It
What Is It With Burgum & These Selfies?
Stop paying Josh to be the face of North
Dakota!
$840,000.00
Not only that why do you want a man who
reportedly cheats on his wife to be the face of North Dakota?
Or has that become the norm now for family values, banging
anything that will have you! The faces of ND & Washington.
That's got to turn some decision making heads when planing the
family vacation - Da North Dakota or Da Disneyland?
"He Reportedly
Bragged About It"
Now imagine the tourism dollars to be had if you
had a real family from North Dakota that pays taxes in ND do
the commercials!
What was that list from some years ago of ten suggested rules
for living? Thou shall not commit adultery. Lets go to
Florida.....
Or would it make more sense to have the face of the nation who
is really the face of North Dakota be that person
Her tweet on earth day, so true, but it goes against the grain
of the current administration and or she does not know or
realize
there are over 35 billion barrels of biocide laced frack water
buried buy humans in the earth of western North Dakota, that's
taking care of home!
Hydraulic Fracking - Going To Far
Kudos to Cara for standing up and speaking out about the
idiots that run the Miss America (whatever it is or has
become).
It seems to operate more like Fox News and or the King
himself. Thank you Cara Mund. Miss Voice for Girls and Women, Don't Stop
Why
don't they raise the extraction tax on oil? Even the president
has issue on artificial high oil prices. Trump Vs. OPEC
The President Seems To Forget That The Frackers Need High
Oil Prices - But He Seems To Remember What He Said In 2008
Flashback "If I were president, you'd
have $30 oil right now," Trump said. "I would call
up Saudi Arabia ... and I would say, 'That f***ing
price is coming down, and it's coming down now.'
And you know what? They'd lower that
price so quickly, and it would be so easy." Trump In
2008 Interview - Now There Friend's - They Have To
Be - They Have The Oil & The IPO
He Doesn't Have To Call - He Just Tweets -
His Tweets Are The Yellow Brick Road!
Trump Said The Market
Is Rigged
When Campaigning - Seems To Be So - All You Need Is A
President Who Tweets About Missiles, Oil, OPEC, Hogs,
Soybeans,
Steal, Aluminum, Foreign & National Policy, Trade, War
Attack Plans, Flipping, Not Flipping, The Media, The FBI,
Etc. It Works Very Well For Traders In The Market!
Its Like Some Weird Subscriber Trade Signal Service To Buy
Or Sell - 24/7 & Its Free - TTT Trade The Tweet
Why The Trump
Presidency Is On Track To Add More Debt
In Its First Term Then Obama Did In Two
Terms - That's Bold
New Leadership!
New Bold
Government
"Bold New Leadership In The White House
& Bismarck"
They create the illusion of Tax Cuts, Tax Reform
while they front load their pockets. While in
reality they are back loading increased spending
and debt on your kids, kids, kids backs to raise the
dykes around the swamp's they will never drain.
Energy Costs Are Climbing - Farm Commodity
Prices Are Declining - Debt Is Exploding - War Is
Announced In A Tweet!
I met a man who bought up
land Wherever his feet would tread
He asked me to El Paso Said I could stay
on his spread He has horses and cows and tractors
and plows
And
all kinds of money to burn But how can I get to Texas
When my wheels won't
turn At a college of knowledge I tried
to learn All the tricks to beat the system
I'd hide in nooks and memorize my
books 'Till I knew I'd never never miss them
Eventually I got my
degree But the real thing I did learn You just can't hit your home run
If your
wheels won't turn
My Wheels Wont Turn
Property
Tax Relief Was Increased In 2017 Session
As Published In The Local Minot Paper
09/28/2017
"Wardner and Carlson
spouted their confusing numbers and assertions claiming the
Legislature tackled property tax & pain relief.
It was all smoke and mirrors – there was never any actual “property tax relief.” - Robert Hale
Property taxes are a hot topic right now, especially in
communities where property tax increases are being considered.
Without exception, no one likes taxes, especially property
taxes.
That said, property taxes are necessary to fund local
schools, law enforcement, emergency services and infrastructure.
It is important to remember that responsibility for determining
the appropriate use and rate of property tax rests solely
with local voters and elected officials.
As part of that debate, the question has been asked as to what
role, if any, the state should play in the assessment,
collection and spending of local property taxes?
That is a great question. Property taxes are levied and spent by
local governments. The state has little, if any, control or
oversight of local property taxes, valuations or spending.
Nonetheless, the Legislature heard the concerns of property
owners across North Dakota and, for over a decade, has been
committed to doing all it can to reduce your local property tax
burden.
In fact, contrary to what you may have read in the media,
the Legislature once again increased the amount spent on
property tax relief in the 2017 session to $1.292 billion.
It all started in 2007. The state Legislature passed the
very first attempt to help reduce the burden of property taxes.
This approach provided an income tax credit equal to 10 percent
of your property tax bill. In 2009, we provided property
tax mil levy reduction grants to local school districts.
We quickly realized that in the absence of any real control over
local spending, tax rates or valuation increases, the state was
on an unsustainable course.
So, in 2013, the Legislature moved to make property tax relief
permanent by incorporating it into the school foundation aid
formula and requiring schools to reduce their property taxes by
125 mils.
In 2017, we also replaced the 12 percent property tax buy
down with permanent state funding for county social services,
which covered up to 20 mils in county property taxes.
What does this mean for property tax payers today?
During the 2015 session, legislators provided $1.241 billion in
property tax relief, including $977 million in school tax
relief, $241 million to fund a 12 percent property tax buy down
and
$23 million to cover the costs of county child welfare and
elderly services. During the 2017 legislative session,
legislators provided $1.292 billion in property tax relief,
including $1.131 billion in school tax relief, $160
million to cover the costs of county social services and another
$23 million for county child welfare and elderly services.
In total, we increased state funded local property tax relief by
$51 million during the 2017 session compared to the 2015
session.
No gimmicks, no funny numbers, just the facts that show our real
commitment to property tax relief, even during difficult times.
But our work did not end there. We also passed property tax
reforms including the truth in taxation legislation, which
requires local government to notify taxpayers of all local taxes
to be
assessed and requires property tax statements to clearly
show the taxes levied in dollars, not mils. As local communities
and voters evaluate their current property tax assessments,
remember that any increase at the local level is likely an
increase in taxation by your local government and not the effect
of state property tax relief reductions.
Of course, the effect on individual local taxing entities may
vary, but the combined effect should be revenue neutral on your
property tax bill.
While painful, we encourage local elected officials to make
spending cuts before increasing property taxes.
Gimmicks Funny Numbers & Fake Facts
As Published In The Local Minot Paper
10/09/2017
Minot
- A recent letter to the editor from Sen. Rich Wardner and Rep. Al
Carlson was dismaying to say the least. It contained a number of
troubling inaccuracies.
These Senate and House leaders stated,
“Property taxes are necessary to fund local
schools.” This is absolutely inaccurate.
Our state constitution clearly states funding public schools
is the responsibility of the state, not local political sub
divisions.
It also states that the state is not permitted to use property
taxes to fund anything other than 1 mill for support of a state
hospital.
Further, the state is sitting on more than $3.6 billion dollars
in the School Lands Trust money. 98-plus percent of which is
invested in Wall Street assets.
As of 6/30/16 not a dime was invested in North Dakota public
schools. As of 3/31/17 more than $624 million was invested in
national real estate ventures – none in our school buildings.
Wardner and Carlson tell us property taxes are needed to fund
most infrastructure. This is not true. Roads, water, sewer,
garbage and the like should properly be funded with user fees.
Gas tax is actually a user fee. User fees are the
appropriate way to fund roads and infrastructure.
Wardner and Carlson tell us the state has little, if any,
control over property taxes. This is also untrue. Just ask any
county councilman.
The state has a property tax manual – it’s 27 pages long – and
lists virtually everything imaginable. In order for local
jurisdictions to receive state funds
(from state sales, income tax and other state revenue) they must
impose state mandated mills as a condition. I believe that might
be considered control.
ND Property Tax Manual
Wardner and Carlson went
on to describe how many billions the state has spent since 2007
to reduce your property taxes. Then they noted,
“We quickly realized (in 2009) that
in the absence of any real control over local spending, tax
rates, or valuation increases the state was on an
unsustainable course.”
What they didn’t tell you was how many billions (more than $4
billion), over the last ten years, they appropriated and spent
to subsidize
the college education of non-resident students whose parents pay
no North Dakota taxes.
Fellow taxpayer, this is the truth. Government is out of
control and what it is doing is unsustainable – EXCEPT – it
isn’t.
Regardless of what Wardner and Carlson say, your taxes
are going to continue to go up and up and up. This is directly
the result of their mismanagement.
Property taxes are political leaders’ ace in the hole. And
that’s why government loves property taxes. People will pay
their property taxes no matter how painful. Why?
Because failure to do so results in the Sheriff selling
your house and putting you and your family on the street or in
government subsidized housing – which, of course, government
controls.
Wardner and Carlson spouted their confusing numbers and
assertions claiming the Legislature tackled property tax relief.
It was all smoke and mirrors – there was never any actual “property tax relief.”
Funding schools is not property tax relief. It is a
constitutional mandate and using property taxes to meet this
state obligation conflicts with our constitution’s mandate to
the state.
The School Lands Trust is sitting on $3.5 billion of public
school money – invested in Wall Street – not our schools.
This fund is growing by hundreds of millions annually. Yet,
virtually all is invested in Wall Street. Not a very safe place
at the moment, by the way.
During the 2006 downturn our Wall Street investments lost
almost 40% of their value. Be prepared. Such a repeat is more
likely than not to occur again.
So much for responsible fiscal management.
With straight faces, Wardner and Carlson tell us,
“No gimmicks, no funny
numbers, just the facts that show our real commitment to
property tax relief, even during difficult times.”
Humm… “Even during
difficult times.” These leaders led a spending
spree, over the last ten years, that defies logic and good
management.
They burned through billions with no let up in
taxes. Taxpayers received virtually none of the billions in
windfall revenue from oil and gas.
They funded infrastructure with ‘one time spending.’ This
guaranteed that we would get no tax relief. It was foolish
because infrastructure is appropriately funded with long-term
debt.
Jurisdiction after jurisdiction increased local option sales
taxes. Today, North Dakota’s average sales tax has
jumped from 5 percent to 7.5 percent.
That’s a 50 percent increase. Income taxes have not abated.
Property taxes are higher today than ever.
These political leaders have the gall to tell us, “While painful, we encourage local elected
officials to make spending cuts before increasing property
taxes.”
When our oil windfall came these same individuals spent like
drunken sailors. Instead of lowering taxes they refused.
They took billions in oil revenue, washed it through what they
call the Strategic Investment and Improvement Fund and foolishly
spent it on what they called – ‘one time spending.’
Thus, no tax relief for us.
The fact is there is only one way to reduce our tax burden.
That is to take away some of government’s sources of revenue.
The only way to keep us secure in our home and not have to rent
our own homes from government is to eliminate government’s
ability to tax our homes.
What spending can be cut? Maybe we start by looking at the more
than $3.6 billion we spend in North Dakota on welfare.
According to recent reports our state has the lowest
unemployment rate in the nation. North Dakota spends more on
welfare than all K-12 and Higher Ed combined.
Since 2005 welfare spending has gone from $1.5 billion to $3.6
billion per biennium.
It’s time to care for our families and home security. Tell our
elected officials they need to do the “painful”
job they are elected to do and cut the size and cost of
government.
It’s time they represent those of us
who work and pay taxes, not special interests.
I, for one, am tired of these officials
playing games with gimmicks, funny numbers, convoluted
excuses and fake facts.
Maybe it’s time we assert ourselves and take our government
back. A good start might be to take away the property tax power.
Clearly, our elected officials have lost control and no
longer deserve to continue holding our homes hostage to their
mismanagement.
The 2013
Vision - After all, it is your money, and we
are committed to significant and sustainable relief from the
burden of property, sales and income taxes.
So Much For That Vision
As Published January 2013
We live in an incredible time in North Dakota history. The
state's growth in our economy, population and wealth is
unprecedented.
These achievements are even more impressive when viewed
against the backdrop of the national and world economy.
Growth in the oil industry has helped propel our state's
recent success. And while we didn't put oil in the ground, we
have worked hard to help make sure
North Dakota can take full advantage of energy
resources. But the story of the state's success isn't
just about energy development.
Virtually every segment of the economy is growing including
agriculture, advanced manufacturing, tourism and information
technology.
As leaders of the Legislature, our first priority will be to
do all we can to ensure the continuation of robust economic
growth.
We must and will continue to empower private enterprise
to create more good-paying jobs across our state.
And we must diversify our economy as a hedge against being too
reliant on any one sector for long-term prosperity.
To accomplish that goal, we will continue to strengthen the
business climate through regulatory and tax reform to attract
private investment, high-paying jobs and economic diversity.
We recognize that economic success has also created
challenges, and we are prepared to meet these challenges head
on.
We stand ready to make historic investments in infrastructure.
We will make major investments in road, flood and water
projects across North Dakota over the next two years.
And that is in addition to major infrastructure
investments we have made over the past several bienniums.
Our willingness to invest in the future extends to education.
Not only do we have a constitutional mandate to adequately
fund education,
we have a moral obligation to ensure we have given children
the tools they need to succeed. To meet that challenge, we are
planning to increase investment in local schools to help
offset the pressures of population growth, ensure all children
receive a quality education and prepare kids for a future
bright with opportunity.
We also have an obligation to return the excess revenue
our strong economy has deposited in the state treasury to
the taxpayers.
After all, it is your money, and we are committed to
significant and sustainable relief from the burden of
property, sales and income taxes.
While there are many plans on the table today, we can
guarantee you that before the session ends, you and your
family will see real tax relief.
To sustain our plan into the future and protect residents
from tax increases, we must build a strong reserve.
Reserves are a hedge against a volatile national economy
and overzealous federal regulations. Anything less is
irresponsible.
By building a strong reserve, cutting taxes wherever we can
and making prudent investments in priorities, we can and will
make North Dakota an even better place to live,
work and raise a family. That is the promise Republicans
make as we deliberate during the legislative session.
Carlson, R-Fargo, is House majority leader. Wardner,
R-Dickinson, is Senate majority leader.
The Current State Of
Bakken Energy Independence - Letter's to the Minot Daily
- 08-13-2017 Special Tax ?
Call It The ‘Cost of Living In Minot’
Tax
Troy Johnson - Williston - I
see a solution to Minot’s money problems, to start with,
do what the oilfield does, lay everyone off, start over
at a lower wage, take all the benefits away,
including vacations
and start from scratch. Also the ones that can’t get
laid off gets a 10 percent cut, including the city
attorney. Second, start bidding things out and stick to
the amount, if the company doesn’t follow through,
make sure they can’t work in the state
anymore. I suggest using local help and negotiate
better, buy cheaper slightly used equipment, I know
health care keeps going up and that is the governments
fault,
run the police cars another year, things
like that. Or raise everyone’s property taxes at least
10 percent, and call it cost of living in Minot.
Williston is not far behind, with its $250 million
deficit.
Dumb & Dumber - A Postcard Tax
Filing - They Forgot The Part About Donating To Their
Campaigns
When was the last time you were able
to do a paper return - you end up at ripmeoffonmytaxreturn.com
just to do a simple 1040EZ
Where does your SS # go and the
secret code you create every year that has to be cross matched
with last years secret code or to these two, Hoeven &
Cramer.
Identity theft doesn't matter? Since they
voted to take away your right to sue banks and credit agencies.
You Can Only Reduce Taxes Once You Reduce Bureaucrat Waste - "Drain The Swamp"
As That One Guy Is Always Saying!
Over 21
Trillion In Debt - Over 151 Trillion In Unfunded Liabilities - No
Nationwide Healthcare - Them Double Dipping Social Security
North Dakota Over $7 Billion In Debt - ND - Debt &
Spending
That's Roughly $10,000.00 For Every Man Women & Child In North
Dakota - Without Interest
Why is
it a struggling adult with a child gets a credit and a
struggling adult with no child does not?
Why is it you get a earned income credit for earning
less and having children to earn even more earned
income credit?
There should be a I knew I was struggling and would
place a burden on a child with my struggling credit
They could add one more line and call it the - I
Kept It In My Pants Credit
Then one more line for donations to Big Pharma so
their buddies can pay the lawsuits underway about
Opioid's
This Is What These Two
Federal Tax Makers Come Back To North Dakota To Show
People
A Postcard
- Its A Comedy
Show
It has to be, because where are the 20 pages of
formulas you will need to fill out to even get to a
number on anyone of these credits?
For if we had a functioning Federal Government one
would simply log into the IRS database and everything
is or would be electronically reported and you would
file your return.
Including all your Alleged & Non Alleged Insider
Stock Trades When Your A Sitting Congressman &
Corporate Insider
Trumps Favorite GOP Congressman
Chris Collins Arrested For Insider
Trading
Apparently the post card tax return didn't have any
lines for Trading results and the use of Campaign
funds for legal bills!
These Two Tax Leaders Are GOP & They Say Or Do
Nothing In Response To The President
Cramer
Gets Behind Trump -
Not ND Farmers
The
Trump
Presidency Is
On Track To
Add More Debt
In Its First
Term Then
Obama Did In
Two Terms The Balance Thats Bold New
Leadership!
Cramer & Chris Collins - One
can only imagine what they are
talking about at the Facebook
Hearing?
Collins is looking at 150 years
in prison for insider trading.
Lets see how loud he can sing
and how far he can flip!
Trumps Favorite GOP
Congressman
Chris Collins
Arrested For
Insider
Trading
More Dumb & Dumber
They Gained
National Attention For Their Tax & Pain Attitude For Women
Sundays are for “spending time with your
wife, your husband… Making him breakfast, bringing it
to him in bed and then after that go take the kids for
a walk.”
“I don’t know about you, but my wife has no
problem spending everything I earn in 6 and a half
days.”
This Is Really To Much - taxed to addiction and death,
women are struggling to keep family and home together
and these two tax and pain leaders are the lawmakers
for North Dakota!
They should get rid of the blue laws
and call it the Tax & Pain law - People used to have one
job, now they have two or three just to frickin survive.....
Why They Keep taxing and indebting and taxing and
indebting and taxing, the kids have to get jobs to
have money, this is how removed these tax and pain
lawmakers are!
Instead Of Putting Women Down
They Should Cut Their Tax Addiction So Women & Children
Could Afford To Have Breakfast
Ladies - Lawmakers
Are Concerned With You Having Sunday Morning Off & Your Lack
Of A Sense Of Humor
What Was It Doug Burgum Said They Are? - Money
Squanders, Career Politicians & Good Old Boys - The
Taxmakers Have A Great Sense Of Humor!!!!
The
Plutocracy
So tell me what I see when I
look in your eyes
Is that you baby or
just a brilliant disguise
What A Brilliant
Disguise
Our
Taxmakers Should Say A Lot About Women & Girls, Mothers,
Daughters, Sisters - Not How They Put Them Down - No
Respect!
To
Governor Burgum, Senator Hoeven and Cramer
To
The Local Minot Paper - 10-29-2017
Krisanna
Peterson Bismarck
I hope that your moral judgement compass has been going off. I
want to commend what Sen. Jeff Flake’s said today.
I can tell in his voice he was scared. Finally a
republican in our US legislature has said what the president is
doing is not acceptable.
I hope all of you will all consider saying how scary the
President is. I am asking for you to stop looking away, from
President Trump’s devastating words and actions.
I am grateful for Sen. Flake’s Bravery and Honesty when he
stated ” When the next generation asks
us, Why didn’t you do something? Why didn’t you speak up? —
what are we going to say?”
The President is taking our country to a extremely scary place.
Even my Republican friends and family members are in agreement
with that President Trump’s Leadership is damning our country.
His actions are clear that my ten year old son, calls out our
President for his negative actions. So I can for sure say you
very well are aware of Trumps actions!
If you call yourself Christian? I know that Governor Hoeven is
Catholic and I have seen him at church before.
According to http://www.catholicnews.com from 5/9/16 Pope
Francis stated “Health is not a
consumer good but a universal right, so access to health
services cannot be a privilege.
” What all of you have been voting or recommending is
not Christian! What would Jesus do? Would Jesus take from the
poor and give to the rich?
Take away medicaid and medicare? Take away Education for Head
Start and Pell Grants. You all are aware the trickle down system
doesn’t work.
You know why the democrats didn’t vote for the last bill on
taxes. You can claim it’s for the middle class but it is NOT for
the middle class.
You can only trick others so long. I am aware of what is
going on and my ten year old is aware we are all tired of your
lies. Lying is not Christian!
I hope all of you have a open town hall soon. I believe Cramer
will. I have been trying to meet with Governor Burgum and
Senator Hoeven about my family situation since April.
I think it’s time that both Burgum and Hoeven have a Open
Town Hall.
I am waiting…Concerned North Dakotan Catholic Mother
It's sad that a ten year old knows he is being lied to. By
his government.
Consumers
Loose The Right To Sue
Companies
Courtesy
Of The
Congress -
Making America
Great Again
So
when your chasing your
identity around the world
you can bend over for Equifax
When
you find out you have an
account at Wells
Fargo
you never opened you can
stay bent over!
Why would
Hoeven vote any other way -
he owns a bank!
The
Taxpayer's Interest
& Right's Always
Come First
How does
that work, the company
that's supposed to hold your
credit and personal identity
in trust looses that
information and you have no
right to sue for damages!
The company that's supposed
to hold your money in trust
opens an account in your
name and charges you fees
and reports you to the
company that lost
your identity because
you didn't pay the fees and
you cant sue for damages!
The congress passes a law
that says their correct and
your wrong. What's Next?
They'll Probably
Pass A Law That Protects
The Rights Of Hackers!
Or Did They Just Do
That?
Remember Bank Is A Four Letter Word
"No one can spend money except us,"
Carlson said. "No one can pass laws except us."
North
Dakota Legislative Panel To Sue Governor Over Vetoes
A bipartisan panel of North Dakota lawmakers
voted Thursday to sue first-term Gov. Doug Burgum over his
veto powers, saying its aim is to protect the integrity of the
Legislature.
The Legislative Management Committee voted
12-4 to pursue the lawsuit in North Dakota's Supreme Court,
which would make it the first challenge over vetoes in the
state's highest court in nearly four decades.
Grand Forks GOP Sen. Ray Holmberg, who heads
the committee of lawmakers that oversees the Republican-led
Legislature's business between sessions, said he didn't
expect the lawsuit to be filed for "months."
The dispute centers on Burgum's use of his
line-item veto d to change parts of several spending bills.
Legislators contend he violated his veto powers by deleting
words or phrases that would have
changed the intent. He used his veto powers a week
after the Legislature adjourned on April 27.
Burgum, who is also a Republican, said a
lawsuit would be a waste of money. He said his office will
"respond accordingly to any legal action that attempts to
infringe on executive branch authority."
The decision to sue came after the committee
met for about an hour behind closed doors with private
attorneys to talk about litigation strategy.
It likely was the first time that North Dakota lawmakers
have closed a public meeting to discuss any issue.
"We are making history today," Holmberg said.
Burgum signed 440 bills in the session. He
vetoed three bills entirely and made line-item vetoes in 10.
The nonpartisan Legislative Council, which is
the Legislature's research arm, has said Burgum altered
legislation on spending bills at least four times,
including a three-word phrase forbidding a university from
cutting "any portion of" a nursing program.
In his veto message, Burgum called the phrase
ambiguous.
"This is all about protecting the legislative
branch of government," said Republican House Majority Leader
Al Carlson of Fargo, the vice chairman of the committee.
"No one can spend money except us," Carlson
said. "No one can pass laws except us."
The Legislative Council estimated the cost
of the lawsuit at about $34,000, including $2,000 already
spent on Bismarck attorneys Randall Bakke and Shawn
Grinolds for consultation.
The state constitution gives the governor
power to veto provisions in a spending bill without
rejecting the entire measure. Carlson and Republican
Senate Majority Leader Rich Wardner of Dickinson
requested an attorney general's opinion in May,
questioning whether the governor could veto parts of
appropriation bills in ways that change the legislative
intent.
Wardner, who voted against pursuing the
lawsuit, believed the "integrity of the Legislature is in
question here," but worried that the Legislature was on
"thin ice" and may not prevail in the state's high court.
He said he preferred calling lawmakers back to
Bismarck to address the vetoes.
Returning to session would cost an
estimated $80,000 a day, not including legal costs.
Most others believed the state Supreme
Court needs to settle the dispute because the issue could
come up again.
"I think we need clarity for the people of
North Dakota," Fargo Democratic Rep. Kathy Hogan said.
Burgum's relationship with the Legislature
was testy even before he took office. The former Microsoft
executive ran an outsider campaign for governor,
angering legislators with TV ads claiming they had
squandered much of the state's oil bounty and criticizing
what he called the "good old boy" establishment.
He bucked party tradition and ran against
longtime Attorney General Wayne Stenehjem, the Republican
establishment's preferred candidate.
Burgum won the primary easily before winning the general
election in a state that hasn't elected a Democratic
governor in more than a quarter-century.
Burgum and the Legislature mostly agreed on
spending priorities during the session, though friction
was evident at times, especially during a fight over a
bill limiting a governor's ability
to set salary bonuses for staff. Burgum won that
veto fight with the Legislature by arguing the legislation
improperly infringes on the executive branch.
God forbid, just like the last governor lets pay
bonuses to servants of the taxpayer, yet alone did the
legislature consider cutting all the unbelievable wages
being paid.
Dozens of political appointees receiving 11k a month,
doctors receiving 31k a month. There
supposed to be servants of the taxpayer!
State Payroll Roster
State Employees Receive $2.1 Million In Retention and
Recruitment (BOOM) Bonuses 11/2015 - While Crime Rages
Dick
Dever of
Bismarck says the state has been competing with the
private sector and the $1.5 million in retention bonuses
are justified.
The Tax(Leg)islature Has & Had
Access To All The Data In The World &
Choose To Ignore It - They Went With Hype -
The Money
Some Of The Most Expensive Production Of Oil
In The World & They Played It As Going
On Forever - Oil Price Has Returned To The
Mean
They Choose To Ignore When It All Went bam -
boom - bubble - bust - bump - bang
Burgum got elected governor claiming the
tax(leg)islature had squandered much of the state's oil
bounty and criticizing what he called the "good old boy"
establishment. He was correct.
Now you hear nothing from him and he wants the E&P's to
shoot for two million barrels a day, while they still burn
off 13% of the daily natural gas. Which is increasing.
The extraction tax should be based on waste, not on good old
boy welfare to the E&P's. The dumbest person in the
world can take production data, decline rates, SEC filings
and see this is a lost cause.
One has to ask you blew through billions on crap that was
never needed, have left the Bakken towns over a billion in
debt and are sitting on $8 billion in cash with $7 Billion
in state debt, do you cover your bet
and call it a day? Or do you keep feeding the tax slave's a
line of crap about pain? North Dakota was never this way, it
was a state based on being very conservative. You sold the
hype to the new comer,
to the county's, to the town's, to the dog in the street,
you either did not do due diligence, or you just choose to
ignore it and keep selling the hype, while everybody else
bought it you kept selling them short!
If the USGS is correct in there being four billion
barrels of recoverable oil in the bakken and you could
bring it all to the surface tomorrow,
The USA could burn through it in the course of a
year! - The world burns a billion barrels every eleven
days.
"When
The Landscape Is Quiet Again"
A Great Thank You To Art Berman At
artberman.com - For The Amazing Data
He Compiles
A Great Thank You To Rune Likvern
At fractionalflow.com - For
The Amazing Math He Compiles
A Great Thank You To Enno Peters At
shaleprofile.com -
For Visualizing US Shale (Tight Oil) Production
Seems
a little late to finally consider how we deal with
people in trouble. Tens of millions spent on jails and
taxed onto the taxpayer to late.
Better later then never? NO. The warning lights were
flashing back in 06-07
It just now in 2017 is seen as a problem, after the
counties have gone on a jail building binge!
The state has a budget of $215 million for prisons in
2017-2019. The counties are above and beyond that.
Those jails will suck the taxpayer dry for years too
come. For all the empty man camps and shut down
business work yards that could have
been utilized as work camps, training, reform,
addiction and recovery while serving a sentence with
some intent of reforming the offender.
Why do we lock up minor offenders, people with
addiction issues, people who do just dumb things in
cages that are of the level you would
lock up a terrorist or some hideous offender? Those
cages should be kept for animals who are never ever
going to change.
Not only that we live in a society of delusion,
materialism, drugs, alcohol and just being taxed to
death. It seems futile to try and succeed!
Putting people in cages does nothing to help them be
people, putting taxpayers in debt does nothing to help
these people.
The cost of prison's in ND could quickly exceed
$485 Million
Justice Reinvestment
Act - Seven million dollars
over two years is $9589.00 a
day, how much of this will go
to more staff to ad-minster
it?
According to NDJRAPDF
Page 28 no less then six new
employees will be hired, that
will easily eat up a million
dollars in two years.
(true definition of a
bureaucracy, create a position
and insulate by five layers
and get that five layers to do
the same)
So now were down to $8219.00 a
day, divide that by the eight
largest towns in ND and it
gives $1027.00 to do what?
Six million dollars divided by
757,000 people in ND is $7.92
per person, divided by two
years, 730 days is $.01 per
day per person.
How much of this will
actually trickle down to
people that really need help?
There's not much there, in
fact there isn't squat.
It should have been $70
million and one mean humble
person outside of the rabbit
hole to manage it.
The counties all went on a Jail
Building Boom and they
are going to fill those jails.
There
Has Been Alot Of BOOM's In
North Dakota In Recent
Year's & As With Oil The
Revenue Streams Have Not
Benefited Taxpayers - Only
Indebted Them!
"Excludes the
9 largest oil and gas producing counties (their previous funding
stays in place") ND has 53 counties.
"Big Ideas Big Results" - $280 Million minus $40 Million for
Cass County Leaves 43 Counties to about $5 million a piece.
Its Laughable - Carlson is in Cass County & Wardner is in
a Oil Producing County.
As Published In The Local Minot Paper
08/05/2018
How Have All North Dakotan's Benefited From the World
Class Oil Play?
At
least they call it what it is, a Oil Play not a Oil
Field, a Oil Play is about speculation, massive
debt, drill the sweet spots and short term,
A Oil Field is established by drilling from the
outside boundaries and in filled long term.
North Dakotan's have benefited greatly over the last decade
by the world class oil play in the Bakken.
As revenues began rolling in from oil taxes, the
Republican led legislature, along with the voters, put various
funds into place to make sure that the money was both spent
responsibly and saved for future generations. This
careful planning has led, in part, to several funds, or “buckets,” established by the
legislature to distribute spending on a priority
basis, starting with the General Fund and ending with the
Strategic Investment and Infrastructure Fund (SIIF).
This SIIF fund has filled even when oil revenues were at their
lowest.
In 2015, the legislature passed the “Surge
Bill,” which distributed $1.3 billion
SIIF dollars for essential infrastructure funding to
communities across the state.
Because of the oil boom, much of the Surge funding was
allocated in western counties to deal with community
impacts associated with rapid growth.
It was the right thing to do for western North Dakota.
But now it’s time to refocus our attention to non-oil
counties.
The package rolled out last week would provide $280
million in funding for critically needed infrastructure
improvements in non-oil producing cities and counties.
While funding to oil and gas producing counties and hub cities
will continue, the new package specifically targets these
non-oil areas. This package takes an innovative approach
to funding these essential state-wide infrastructure
projects and is not solely based on oil price and oil
production. Here’s how the new package would look:
2015 - $1.3 Billion, went to the Oil Producing Counties,
2018 - $280 Million for the rest of the State to catch up,
"Big Ideas Big Results".
With $40 Million going directly to Cass County - Home of
Carlson.
The whole $280 million breaks down to $1 dollar a day for a
year, for every person in ND. - 280 million divided by
735,000 people is $1.04 a day.
North Dakota operates on a two year Biennium budget so make
it $.50 cents a day, so every three days you might afford a
Candy bar.
"Big Ideas Big Results".
Creates three new “buckets”
above the SIIF in the state funding mechanism from oil taxes
— $115 million County/Township Infrastructure Fund
— $115 million Municipal Infrastructure Fund
— $50 million Airport Infrastructure Fund
The Municipal Fund and the County/Township Fund “buckets” fill simultaneously. The
Airport Infrastructure funding would only begin once the
aforementioned buckets have filled.
Here’s how the funds would get allocated to communities:
County/Township Fund ($115 million):
— Excludes the 9 largest oil and gas producing counties
(their previous funding stays in place)
— Provides $10,000 per township outside of the nine oil
counties (capped at $15 million)
— Remaining $100 million distributed to remaining counties
based on needs determined by the Upper Great Plans
Transportation Institute
— Municipal Infrastructure Fund ($115 million)
— Provides $30 million in base funding to communities with a
population over 1,000 to be paid out once $30 million is
reached.
Remaining $85 million will be paid when filled once based on:
— A funding formula based on a previous year’s census, a
3-year average of population growth and a 3-year average of
taxable valuation change
— Airport Infrastructure Fund ($50 million)
— Awards grants to be administered by the North Dakota
Aeronautics Commission
Most importantly, this new package will focus on reducing the
local tax burden for these non-oil counties and cities.
For example, Fargo, West Fargo, and Cass County will see an
additional $40 million in infrastructure dollars for roads,
sewer, water and other essential infrastructure needs.
A dollar through this program to Fargo, is one less the city
has to tax its citizens for these projects.
We want to make sure we have a stable formula for our
community leaders to plan now and in the future.
We are proud of the hard work we’ve done to put this proposal
in place.
Having big ideas and following through on them
is why we’re elected, and we will continue to do that as
your leaders.
The whole $280 million breaks down to $1 dollar a day
for a year, for every person in ND. - 280 million divided
by 735,000 people is $1.04 a day.
North Dakota operates on a two year Biennium budget so
make it $.50 cents a day, so every three days you might
afford a Candy bar.
"Big Ideas Big Results".
"buckets" Full Of Cash
The
"Big Idea"
Is to spend $280 Million, which would be 3.2% of
whats in the $8.7 Billion dollar bucket!
Laughable is the "Big Result"
ND Funds - Balances
How Have All
North Dakotan's Benefited From the World
Class Oil Play?
At least they
call it what it is, a Oil Play not a Oil
Field, a Oil Play is about speculation,
massive debt, drill the sweet spots and
short term,
A Oil Field is established by drilling
from the outside boundaries and in filled
long term.
Billion's In
The Bucket - "Big Idea - Big Result"
One North Dakotan Gets
It
As Published In The Local Minot Paper
08/26/2018
Republicans gave away too
much oil revenue
Kenton Onstad Parshall
"North Dakotan's have benefited greatly over the last
decade by the world class oil play in the Bakken."
Wardner & Carlson said those words, think about it as
you read this letter. Oil Play - Oil Field
At least they
call it what it is, a Oil Play not a Oil
Field, a Oil Play is about speculation,
massive debt, drill the sweet spots and
short term,
A Oil Field is established by drilling
from the outside boundaries and in filled
long term.
In response to the recent article by Sen.
Rich Wardner and Rep. Al Carlson ” Big Ideas, big results”
they make what could have been
“So Simple” very complicated. You cannot deny the Bakken oil
play has been a huge benefit to the entire state of North
Dakota.
At the beginning, our money coffers were very low and
the development of our oil resources provided an opportunity
to help many North Dakotan's.
We did that, but along the way, we helped a lot of
non-North Dakotan's as well.
The huge impact to western North Dakota could have been
prevented by not allowing an open door to oil permitting and
still receive the benefits.
That decision alone by the Republican-controlled
Industrial Commission gave oil companies a 5-year window to
secure hundreds of thousands of leases.
“Drill Baby Drill” was the word and former governors John
Hoeven and Jack Dalrymple both took credit for a booming
economy and discovery of a natural
resource that was there long before statehood. The “Drill
Baby Drill” open door policy alone created turmoil amongst
communities in Western North Dakota.
The Republican controlled Legislature wants to take credit
for futuristic planning but in reality, as the sessions
plugged away, it was mostly reactive
rather than proactive. The State of North Dakota could have
easily adopted the funding formula so that 40% would go back
to western oil producing counties
like our counterparts in adjoining oil producing
states have adopted. Oil producing counties along with
cities and counties would not have had to go begging
each session and tell the same story; how the state
needs to address the impact to cities, counties, townships
and schools in western North Dakota, and the need for
increased funding. Remember the actions to lower other
revenue streams put a certain restraint on the growing
state’s economy and very needy programs.
They would not have had to go around the entire state
promoting a surge bill and fill it full of trinkets to
entice eastern legislators for their vote.
The need for the hub city concept would not have been
necessary to address impacts on infrastructure. Sending
small bits back to cities and
counties in western North Dakota and praising the
delivery as a huge investment by the Republican Legislature
was misleading and inadequate.
It could have been so simple but we grew government and made
it very complicated.
There would have been plenty to improve infrastructure,
support schools, counties and cities all across the state
but remember the
Republican controlled Legislature had to lower income
and corporate taxes that went to a majority of entities
outside the state of North Dakota.
A Oil Field Would Not
Display This Type Of Financial Chart - A Oil Play
Would - Where Is The Green?
Here
Is Another Award Winning "Big Idea"
Have
the taxpayers pay interest on loans to borrow
money from the Tax Revenue (Legacy Fund) to
pay for taxpayer project's.
That is a Ponzi Scheme that Escapes the
Imagination - Next they will want you to pay
Income Tax on your Taxes!
Stockpiling Taxes
Since when in the Hell should Taxpayers pay Interest on
Tax Revenue that was supposed to be used for the
Taxpayer?
Since when did the Taxpayers Tax Revenue become a Bank?
With the Taxpayer paying Interest to have Their taxes
used for the Taxpayer.
Ask Yourself ?
Does the Fed or State pay you Interest when you have
been over paying Taxes for the year?
Does the Fed or State pay you Interest on your paid
Taxes until they are spent?
Does the Fed or State pay you a dividend or portion of
Interest on Taxes they have Stockpiled?
Does the Fed or State
charge you Interest when you haven't paid enough Taxes
or pay your Taxes late?
What Was It Doug Burgum Said They Are To
Get Elected? - Money Squanders, Career Politicians &
Good Old Boys
Yep, "New Bold Leadership" - Burgum Doesn't Say Or
Do A Thing Since He Became One Of Them
Billion's
In The Bucket - "Big Idea - Big Result" - Lets
Loan The Tax Revenue Back To The Taxpayers!
"New Bold
Leadership In The White House
And In Bismarck"
The
Phrase Was Coined By Now North
Dakota GOP Governor Doug Burgum
- The
Only Candidate For Governor To
Endorse Trump
Now
Governor Burgum Called His
Opponent & State
Legislators "Money
Squanders, Career
Politicians & Good Old
Boys" To Get Elected
"How
Bribery, Intimidation, Shut Down
FBI Investigations, Mysterious
Phone Calls, are Changing The
States Political Landscape In
Favor of Big Oil"
As
Published In The High Plains Reader August 2018
Master Of
Puppets
Trump said the following
at a June speech in Fargo ND with
Harold Hamm in attendance & it
went something like this
"Harold Hamm - He
puts a straw in the ground &
oil comes out - There squeezing
this oil from rocks".
Trumps Fargo
Speech
So why did Trump have to call
Saudi for oil when Harold can stick
straws in the ground and get oil?
So how many straws would it take for
Harold to ratchet up 2 million
barrels a day in new production by
the end of the day?
Based
on the combined production of the big
3, Bakken, Permian, and Eagle Ford of
33.4 bbl's a well per day March 2018,
You would need 59,880 more straws
(wells) at a estimated $8 million a
well is some $479 billion
The
Bakken by itself, 84.1 bbl's a well
per day April 2018, you would need
23,781 more Straws (wells) at a
estimated $8 million a well is some
$190 billion
The Eagle Ford by itself, 29.9 bbl's a
well per day March 2018, you would
need 66,890 more Straws (wells) at a
estimated $8 million a well is some
$535 billion
The Permian by itself, 24.5 bbl's a
well per day March 2018, you would
need 81,633 more Straws (wells) at a
estimated $8 million a well is some
$653 billion
So When
You Need Straws At A Speech You
Call Harold Hamm? - When You Need
Real Oil You Call Saudi?
One who would describe
the Exploration of Hydrocarbons as
Simple as using a Straw has No
Concept of the Risk and Reward and
Cost of this Chore! Yet alone the
Financial and Global Ramifications
of Failure.
Define Straw Man -
An intentionally misrepresented
proposition that is set up because
it is easier to defeat than an
opponent's real argument.
Harold Hamm is the
CEO of Continental Resources - His
net worth is dependent on high oil
prices - As of August 2018 CLR has
$6.1 billion in debt & $98 Million In
Cash
You would think with all
the hype and
the ability to
produce Oil
with Straws
the debt would
be $98 million
and cash on
hand would be
$6.1 billion
In Comparisons
- Exxon has as
of August 2018
$40 billion in
debt and $4
Billion In
Cash
Saudi Aramco
is privately
held by the
Kingdom and is
valued at $2
Trillion
The Inflatable
Baby Trump Is Available At
Mad
Dog Pac .com
It will take a
lot of straws
to suck up all
that debt.
As Published In The
Local Minot Paper 08/09/2018
North Dakota finances are a house of
cards - Lloyd Omdahl
We have the well-plugging fund, budget stabilization fund,
abandoned mine fund, highway tax distribution fund, Legacy Fund,
coal development fund, Center of Excellence Fund and a few dozen
more funds listed on the home page of the state treasurer.
I would also recommend checking the five charts on her
website explaining the oil tax distribution system we have
patched together since oil was discovered in 1951.
The only thing we lack is a “go-fund-me”
fund.
This house of fiscal cards has been created and compounded by
a part-time Legislature that doesn’t have time to organize a
rational funding system based on sound tax principles.
Every session seems to create more funds in response to
the whims of interest groups and other beneficiaries.
Toward the end of the last legislative session, in an unusual
burst of generosity, the Legislature appropriated over $10
million to give every one of our 1,100 townships $10K each.
It wasn’t even Christmas but every township was going to get
money even though the population and need varied widely from
county to county.
The taxpayers were saved when Governor Doug Burgum
vetoed the measure.
According to the media, we now have a group of eastern
legislators planning to get some of that western oil money for
infrastructure.
Now they have reason to be envious. To accommodate the
development of the Bakken, the state was overly generous with
local communities –
new schools, new highways and new county and community
staffing. The west needed help and got it.
After 10 years of this, some eastern legislators are
wondering whether or not the rest of the state ought to share
the spoils, raising the issue of equity in the entire state
budget.
The state tax and spend system is a royal mess. The
helter-skelter cramming of a burgeoning budget into an 80-day
biennial legislative session is futile.
When we keep managing fiscal affairs without the availability
of thoughtful study, decisions are made on the basis of
politics.
Take the Legacy Fund being fed millions of dedicated oil
dollars every month. The fund boasts over $5 billion and is
still growing.
Was there any rational discussion preceding the dedication of
this money? Were there alternatives proposed and evaluated?
No, the Legislature put it on the ballot as a constitutional
amendment. Why a constitutional amendment?
So that future legislatures couldn’t spend it – an
assumption that future legislatures would not be responsible
or frugal.
Sponsors and defenders of the Legacy Fund will justify it by
arguing that the people voted for it. No, the people voted for
“Legacy” because all legacies
are good.
Attach “legacy” to a
steamboat on Lake Sakakawea and the people will vote for it.
However, all legacies are not equal.
There was too little research at the legislative level. What
were the principles of taxation considered? Who has a
legitimate claim to the oil money?
The folks in the western part of the state? All citizens
of the state? The present generation or future generations?
On the whole, the North Dakota tax system is regressive,
meaning that the lower income people pay for more than their
fair share for
governmental services because the progressivity of the income
tax is more than offset by the regressivity of the sales tax.
Our response is that the lower-income people require more
than their share of governmental services therefore they ought
to pay more than their share of taxes.
But this blanket generalization does not result in
equity.
All low-income people do not use governmental services equally
so we end up with a system that benefits some and punishes
others.
Cleaning up this 200-year-old pile of incoherent fiscal
legislation will not be easy. But we could apply better equity
tests to new proposals.
Those Who
Cannot Remember The Past Are Condemned To Repeat It Geroge
Santayana So Are Those Who Do Not Study Their History
In Recent Past The USA Went Into The Worst Financial
Crisis Since The 1930's Dow Crash - Just A Short Ten
Years Ago - Those Equity Debt Issues Still Exist
With Bold New Leadership In Washington & Bismarck
- There Is Just No Way This Can Happen Again - Is
There?
You Cant Help But Give Equity To The Charts - The
Comparisons Are Startling - The Roaring Teens Of Now -
Never Ending Equity & Debt
The Nation In A Opioid Epidemic - At War & The
Rumblings Of More War
Dow - 2019
The (Trump & Dump) Rally Is Unstoppable - It Goes
Against Underlying Fundamentals - It Has Got To Be
Bold New Government Driving It - Building Equity
You Cant Help But Give Equity To
The Charts - The Comparisons Are Startling - The
Roaring 1920's Of Then - Never Ending Equity
& Debt
The Nation In A Opioid Epidemic - Yes - Yet
Alone You Had A Constitutional Prohibition On
Alcohol From 1920 To 1933
The USA Entered WW1 In 1917 & Some 20
Years Later WW2 Started - The USA Engaged In
1941
From
Teddy To Trump
- Big Pharma -
Epidemic Then
- Epidemic Now
Big Pharma
Then & Now
Plays &
Played A Role
Big
Pharma Then
The
U.S.
government’s
investigation
of all the
factors
leading to the
Second World
War in 1946
came to the
conclusion
that without
IG Farben the
Second World
War would
simply not
have been
possible.
We have to
come to grips
with the fact
that it was
not the
psychopath,
Adolph Hitler,
or bad genes
of the German
people that
brought about
the Second
World War.
Economic greed
by companies
like Bayer,
BASF and
Hoechst was
the key factor
in bringing
about the
Holocaust.
The
Dow In The 1920's - Price Would Retrace 123%
Before It Found Bottom & Start A Depression
That Lasted Until & Into WW2
The Stock Market
Underwent Rapid Expansion, After A Period Of
Wild Speculation - Sounds Like Now - Crash
Started Oct. 1929
What Are Fibonacci Retracement's ?
2019 Fibonacci Fivots -
The Robots Have Gone To Them Like A Magnet
Seems it's just another day Guess I'm
goin' another way Away from
home
Away From Home
We're setting sail To the place on the map from which no one has ever
returned
Drawn by the promise of the
joker and the fool By
the light of the crosses that burn
Oh, save me. Save me from
tomorrow I don't
want to sail with this ship of fools
Ship Of Fools
As
A
Investor One Should Always Do Due Diligence To
Protect Oneself.
One
Can Only Interpret The Unknown Right Hand Side
Of The Chart By Gageing The Known Left Hand
Side
"New
Bold Leadership In The
White House And In
Bismarck"
The
Phrase Was Coined By Now North
Dakota GOP Governor Doug
Burgum - The Only Candidate For
Governor To Endorse Trump
Now Governor Burgum Called His Opponent &
State
Legislators
"Money
Squanders,
Career
Politicians
& Good Old
Boys" To Get
Elected
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