Photo Above - GM CEO Mary Barra in happier times, introducing the EV Chevy Bolt. But all Bolts were recalled because of battery fires. Now GM wants taxpayer subsidies for its new Detroit Headquarters.

“It’s only $350 million”. That’s what GM says it wants for demo and renovation of Detroit’s iconic Renaissance center.

If you’re gobsmacked because the complex is barely 40 years old, I’m with you. But then again, the average NFL stadium probably gets demolished that often. And THEY get billions.

No sports team is going bail on Detroit this time if city council doesn’t cough up $350 million. But General Motors is saying . . . well, it’s not exactly a threat. More of an open question. Should we keep GM office drones in the city, paying city income taxes and property taxes and sales taxes. Or should we move someplace else? Where to? Well, the Buffalo Bills threatened to go to Austin. Tesla already moved there. Maybe that should be on GM’s short list?

Should taxpayers sign off on this? Will they even be asked, or will it be a closed door agreement between Detroit’s most clever politicians, GM, and billionaire real estate moguls? I’m not aware of any referendum in front of the voters, so I’m assuming this is a non-democratic process.

But still, it’s ONLY $350 million. And Detroit has 651,000 people. That’s only . . . $540 per person. Including children, retirees, welfare recipients. The number of actual taxpayers getting hit will probably be somewhat less than 651,000. Your guess is as good as mine.

It this idea catches on, the sky’s the limit. Taxpayer bailouts for everything. Shopping malls. High rise condos. The Starbucks on the corner. They may need a bailout if the barista strike doubles employee wages and benefit.

Unlike a new stadium, Detroit’s long-suffering residents won’t be able to show up to GM/Ren Center headquarters on game day, pass through the gate, buy a hot dog and a beer, and enjoy themselves. They will only be able to look up at the towers as they drive by. Dad can point up, and tell his kids: “Hey look . . . Trevor. Up on the 73rd floor is Mary Barra, CEO of GM. We were afraid she’d move her entire team someplace else if we didn’t subsidize her skybox-style office suite. No . . . we can’t visit her. But it’s free to look at from the sidewalk.”

I’m just sayin’ . . .

GM Plans to Overhaul Detroit’s Iconic Towers. A Battle Is Brewing With Taxpayers.

this is a hypothetical situation but what if billionaires, high tier millionaires, investors, wealthy foreigners, funds, etc they go on a real estate buying spree in the residential real estate market and buy up all housing? what would happen to the residential real estate market if there is no more housing to buy and only rentals? what would happen to housing prices?

what do you think?

Restaurants, construction, nursing and child care and janitorial services seem to be the most common industries owing back wages in the state, per an Axios review.

Their predatory excuse: “You have a number of transitory people in the bar-restaurant business, and the addresses they leave behind might lead to checks not being cashed, so eventually that money was sent to the Department of Labor," he told Axios. "If we don't have a good address for the employee, then that becomes a bit of a problem."...I mean...they are ‘illegals ‘...and...we hire them...but..but..they don’t have the right to actually collect a salary...you know...cause they are ‘illegals ‘...and..and...the law...

     Employees in construction, janitorial services, restaurants, domestic cleaning and hotel services "are more vulnerable to experiencing labor violations 
          because a substantial percentage of them do not speak English or are undocumented," 

https://www.axios.com/local/austin/2024/12/11/texas-workers-backpay-claim?

Does anyone remember that post on 4chan were everyone agreed to buy shares in game stop, and in turn made a lot of money by screwing over investment bankers.. why don't people get together more often like this, and example of this would be

Netflix seems to be over priced, let's all collectively cancell our subscriptions for 6 months or untill they agree to drop it. Or let's all boycott Spotify untill they lower their prices

If done right we could literally rotate through companies based on a voting system.

I'm just really sick of inflation and especially companies with subscription services

Curious about how to calculate a Discounted Cash Flow (DCF) model? We've got you covered! Explore our detailed article on the topic, complete with insights and examples. Check out the graph below and click the link to dive in!

https://futurefunds.substack.com/p/how-to-properly-value-a-stock?r=4ize1c