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Property Values and Tax Breaks & Subsidies
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All > Topics > Impact on Economy > Tax Breaks & Subsidies (136)
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In the Williams/Whitcomb world of tabloid journalism, there is no room for thoughtful discussion, for weighing costs against benefits, for understanding that self-interest is at work on both sides of the issue or for any kind of honest discussion. Such thoughts would get in the way of the facile thinking and cynical blather that fills their book and that is now commonplace on TV, radio and the Internet. Do you find yourself bored now that Don Imus and Rosie O'Donnell are off the air? Does the Internet no longer meet your need for trash talk? Then read this book. You won't learn anything substantive from it, but it'll be great entertainment.
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Massachusetts]
We cannot avoid the fact that some people will suffer from the wind farm projects, but we can ensure that the wind farm companies adequately compensate the damaged individuals for their losses. No reason exists that a farmer who happens to own the specific property on which the company will place its turbines will earn hundreds of thousands of dollars of revenue from the project, while a simple family with a small home adjacent to the wind farm will lose tens of thousands of dollars of property value from the same project. County officials can and should insist that corporations obtaining permits for wind farms agree to a legal process whereby individuals whose property values are damaged will be compensated for this loss.
Many Americans, including the majority of conservative Central Illinoisans, reacted with anger when the Supreme Court ruled that a city could take an individual’s home and give the land to a private developer. But at least in that case, the homeowners were receiving compensation for the taking. The wind farm situation, where no compensation for damaged homeowners is offered, presents a far worse scenario. We need not, and must not, tolerate it.
That’s about 20 percent of your electric bill coming back to Invenergy in the form of tax credit from your federal tax dollars.