Tuesday, April 06, 2021

Kansas City Earnings Tax Renewal Vote Offers Local Glimpse Of Late Capitalism

Today Kansas City voters are likely to overwhelmingly endorse a tax and economic model that's quickly becoming obsolete. 

Definition of terms . . .

In modern usage, late capitalism often refers to a new mix of high-tech advances, the concentration of (speculative) financial capital, post-Fordism, and a growing income inequality.

However . . .

In KCMO the E-Tax exemplifies "late capitalism" in a few frightening ways . . .

- As a selling point, the E-tax is leveled against people who don't get to vote. Supporters proudly proclaim: "Half the revenue generated by the e-tax is paid by people who live OUTSIDE Kansas City." And so, an effectively exploited and longstanding loophole in representative Democracy maintains this crucial revenue source.

- Telecommuting could quickly make the E-tax obsolete. The pandemic hastened workers simply avoiding KCMO and current world of wireless work threatens to siphon revenue from an old school economy based on internal combustion engine commuting.

- There is no viable backup plan. For a decade we've heard promises that local leaders will find other revenue sources but nothing has manifested over that time. Instead, taxpayer support of developer speculation and tourism schemes simply hope to distract voters. 

Accordingly, economist critics of capitalism need look no further than Kansas City as an example of unsustainable "late capitalism" that risks implosion by way of divisive politics and poor planning for the future.

Check big picture further reading . . .

KCTV5: On April 6, Kansas City to vote on 1% earnings tax renewal

Decider: ‘WeWork: or The Making and Breaking of a $47 Billion Unicorn’ on Hulu, a Late-Capitalism Documentary About a Steve Jobs Wannabe

Jacobin: The British Monarchy Will Not Survive Late Capitalism — And Harry and Meghan Are Proof

Romper: Universal Basic Income Came To My County — It’s Not Enough, But It’s A Start

NYMag: "America’s loss of faith may have won Biden the presidency."

Vanity Fair: Republicans Horrified at Biden’s Plan to Fix the Country by Taxing the Rich

You decide . . .

27 comments:

Anonymous said...

in the end, people vote with their feet. That's why KC and a lot of other cities liked it actually lost population.

Anonymous said...

Wow. You have no idea what 'late capitalism' means, nor any basic understanding of economics.

Unknown said...

Can't tax yourself rich. The Soviets already tried it and failed.

Anonymous said...

Paying businesses to locate in KC so they can get their employees E-tax kicked back to them is not a viable business model. But that's what it takes to get most businesses to stay in crime ridden, bureaucratic mess.

Gus said...

Another horseshit buzzword from people bent on redefining everything, until it all means nothing.

Anonymous said...

Vote Yes on the Earnings Tax renewal, so we can keep spending tax money on entertainment districts, convention centers, convention hotels, parking garages for luxury condos and apartments, toy trains, stadiums and subsidize underperforming TIF's.

Anonymous said...

Can I get one of those free rides to vote NO on the Etax? North of the river, sorry, we don't go there.

Anonymous said...

The e-tax has no relationship to the neo Marxist phrase late stage capitalism. It's instead indicative of another failure of leftist governance (treating tax paying citizens so poorly that they leave the taxing jurisdiction).

Anonymous said...


No need to go vote the tax will pass anyway. Don't be stupid stay home and don't waste your time. The racist Lucas has this.

chuck said...

7:43

Minorities? We are taking in the equivalent of a city the size of Chicago every year across the border. Minorities? What a fuckin joke. A quarter of a million people were released into the country last month, but we are all supposed to worry about "Minorities". What a fuckin joke.

We are being replaced, our votes, when the elections are not being stolen right in front of our eyes are diluted with foreigners who do NOT care about our history and will use our taxes to finance the 5th column of parasites who will then be used by the D卐M☭CRAT party to achieve the Red Chinese Uni-Party system that actually is already in place.

"Minorities". Gimme a fuckin break. Imagine if millions of Americans deluged the border of another country and illegally forced their way in, were accorded voting rights. The world would denounce us and our irredentist cultural imperialism would be condemned!!!

America is dead, there is no rule of law.

One interesting note, Hispanics don't care if you call them racist. Guess who lives in Compton now? The only thing straight out of Compton, is the sound of black people, moving out, or, getting iced in the streets.

Black people who support the dramatic, light speed, demographic change that the D卐M☭CRAT party is forcing down our throats, will reap what they sow. I spent a couple of years, 20 years ago in California and if you were black and went into the wrong neighborhood, the Hispanics just fuckin killed your ass. P.E.R.I.O.D.

I was there, I saw it, don't tell me I didn't, it is what it is.

OPEN BORDERS BABY!!!!!!!!!!!!!!! ADIOS AMERICA!!!!!!!!!!!!!!!!!

Anonymous said...

Agreed, the fix is in. If you don't want to pay it you will have to not live or work in KCMO..

Anonymous said...

A vote no will make a shitty situation into diarrhea.

Anonymous said...

Does Patrick Mahomes pay the e-tax?

No, it's just for us wageslaves.

Anonymous said...

Let Gwen take over the schools. Continue to deliver nothing and keep tax rates high. This is the formula for disaster.
Yours truly, East St Louis.

Anonymous said...

What's your reasoning for claiming that Pat Mahomes does not pay the e-tax? Just envy, or do you have facts?

Anonymous said...

" Republicans Horrified at Biden’s Plan to Fix the Country by Taxing the Rich"

Republicans Horrified at Taxing Their Donors, the Rich

There. Fixed it for you.

Anonymous said...

9:28 The rich folks on Wall Street, in Leawood and all over the country, are Democrats, hooked into the system that kills the middle class.

Democrats are the party of the rich.

Corporations, all now WOKE, all Democrats. The pretense that the working class has anything in common with Democrats (With the exception of unions, who betray their membership and send jobs to China for laws that make them more powerful.) is risible.

Anonymous said...

9:28 - Democrats have to lie in order to push their racist policies.

Trump ended the SALT tax deduction wealthy white people used to deny the federal government their fair share of taxes.

Notice your boy Biden is keeping it. He's keeping a ton of Trump's policies. And you like it. Hypocrisy requires shame.

You have no standards nor morality. Hence the ability to lie with abandon.

https://thehill.com/homenews/campaign/523203-wall-street-backed-biden-campaign-with-74-million-in-2020-cycle-report said...

Woke Wall Street hates the middle class and makes big bank when Joe prints money like it is toilet paper.

https://thehill.com/homenews/campaign/523203-wall-street-backed-biden-campaign-with-74-million-in-2020-cycle-report

https://fee.org/articles/how-one-federal-stimulus-program-is-crippling-small-businesses-and-boosting-monopolies said...

The Federal Government is doing the Cloward Piven reset and destroying small business.

https://fee.org/articles/how-one-federal-stimulus-program-is-crippling-small-businesses-and-boosting-monopolies

Anonymous said...

other cities dont make you pay 1%.

Anonymous said...

9:28. The 1990s called and they want their rhetoric back.

Anonymous said...

Voted YES. SORRY scrooges. Not sorry.

Rando said...

I'm not a big fan of the e-tax but I'm also not a person who wants Kansas City to go bankrupt. If you have a better alternative to the e-tax please share it if not you're just blowing smoke.

Anonymous said...

Welll, how about some basic accountability for our elected grifters, an audit of the various slush funds, maybe an attempt at priorities beyond the 18th and Vine style money pits?

Anonymous said...

10:51 How about looking at all similar sized cities in the midwest that don't have the E-tax. Just copy their budget and their tax structure.

Anonymous said...

The e-tax has nothing to do with capitalism, late or otherwise, other than sucking on the economic engine’s tit to fund a bunch of politically favored programs that produce no tangible improvement for any except the politically connected.

Pass or not, the economic decline of KC will continue because of the lack of basic civic services and safety in the urban core. This failure is the same for all longtime Democrat run shithole cities.