Nevada Seniors Coalition
Senior Citizen Links
State of Nevada
I’d like to offer you a different take on MGM's plan to charge for parking which has created quite a hubbub. The comments and letters to the editor expressing outrage at the plan and stating in no uncertain terms they'll never go near an MGM property if the plan is put into effect; all operate on the core assumption the company cares about what their individual customers think. But, what if . . . ? What if the company could not care less what the people of Las Vegas think? Or, for that matter, what any individual customer anywhere in the country, including California thinks? This thought came to me as I read the RJ's 2/19 article on MGM's earnings report for yearend 2015. In the article Mr. Jim ("We're not tone deaf") Murren emphasized over and over again MGM's focus on conventions.
This thought came to me as I read the RJ's 2/19 article on MGM's earnings report for yearend 2015. In the article Mr. Jim ("We're not tone deaf") Murren emphasized over and over again MGM's focus on conventions.
1. 350,000 square foot expansion to Mandalay Bay's convention complex. Mandalay
"will outgrow the space in a couple of years."
Conventions are a gold mine. People come here, they pay higher prices for rooms, food and
entertainment all while on a fun "working" vacation. It's a sweet system. The conventioneers
have a good time, MGM raises its cash flow and profit margins and best of all it's all done
on the corporate card. Tax deductible and completely subsidized by the American taxpayer. Oh,
that parking charge? Mr. Murren probably knows that a lot more of us than we'd like to admit
will simply go along.
Speaking of who really pays for the high life of our corporate elite, the Sun had a front page story on January 25 titled "Casinos are spending heavily to defend tax increase; here's why." The Sun rounded up the usual suspects to give "insight" as to why. A UNLV professor, a direct beneficiary of higher taxes, said that while casinos' taxes went up everyone else's did too. The head of the Nevada Resort Association said they like it because they favor "broad based tax solutions to fund state government" and the gross receipt – er, excuse me, the "commerce tax" is one of the broadest.
So, what's wrong with the article? To put it succinctly it's a crock. A pile of two-faced hypocritical capitalist manure dumped on us by the rich, powerful and elite of Nevada society. BUSINESSES DO NOT PAY TAXES
I've got the S&P500 to prove it, The Forbes 400 to prove it and a society with an ever widening gap between the rich and everyone else to prove it. Although it's probably less than 50-50 I hope the people get a chance to repeal the "commerce" tax.