OK let me go through this slowly so even YOU can understand it.
WalMart issues bonds to build a dist center - your example. People who want to buy the corporate bonds do so. Its "democratic" and all who buy them UNANIMOUSLY "elected" to buy them
The city puts a bond to a vote - lets assume it passes like the parks bond did. EVERY taxpayer (except you) pays this, whether they voted for or against the park bond
In city bonds you socialize the bond by forcing EVERYONE to pay.
You are confusing a successful vote with a unanimous outcome and it's not. Its kinda like the NSS survey. 47% said they favored a private public deal 40% did not. That leaves 13% in the undecided or don't know don't care. You DON"T have the majority of the voters because if that 13% votes against it you lose. You are assuming you have mandate when in fact all you've got is a poll written by people who would profit by a yes vote.
So Duke - do you pay city of Wilmington property taxes?
Can't answer the question? Don't want to answer the question?
Yeah - kinda figured that.......supporting spending OPM is a very easy thing to do when YOU don't have to pay it back...
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