Florida governor signs bill stripping Disney of self-governing authority
news.yahoo.com
news.yahoo.com
The Democratic Party is not perfect and has a long history of this as well, but this instance feels… feral.
I encourage others to vote Democrat for the time being, at least they manage to keep populist leaders from commandeering the party.
On the one hand, I dislike everything about the situation. Government officials using their power to attempt to hurt private companies who disagree with them. The whole narrative behind the bill in question is plain stupid on all sides, from how it's being described by the political opposition to whatever culture battle the bill proposers think they are fighting.
But on the other hand, why the heck does Disney have these special privileges in the first place? How much have they benefited from this special arrangement they were given? I'd be interested in an honest accounting of that.
It's probably because of the $5B in annual tax revenue from the FL tourism industry (led by Disney).
Now the taxpayers are on the hook for that special district's debt, which stands at over $100 million.
Basically, in attempting to punish Disney, Florida actually ended up giving it a $100+ million subsidy.
Why wouldn't Disney have been advocating for having this special arrangement revoked themselves if it would have been a $100+ million subsidy for them?
From my admittedly limited understanding of this whole situation, I think local governments are thinking they can create Municipal Service Taxing Units (MSTU) that would pick up the revenue that would be going to pay for the debt.
If I were a betting person, I'd bet on Disney not coming out $100+ million ahead in all this. I would bet that local governments will create taxes for Disney to cover the debt/increased costs they would face.
This all makes for a great news story plot though that people love: "Baddies try to do bad thing, and they end up paying the price for it! Ha!"
All businesses should be treated the same under the law by government, Disney should not be treated any different than Acme Entertainment Co.
This is the lesson about "Those in glass houses should not cast stones", Disney was already in a bad spot, and poking the eye of government benefactors is biting the hand that feeds you, them revoking reedy creek is not "punishment" it is justice
A more democratic system to do so would be better though
It is hypocritical now to defend Disney on "free speech" grounds of all things because they happen in this instance to be supporting the democratic party politically
Especially publicly traded companies like Disney are not making decisions on behalf of every or majority if their shareholders which changes hands frequently. Any speech made by the company does not directly represent the will of the owners but the execution of the business in it's priviledged and regulated capacity under it's incorporation title and public exchange listing.
As long as Citizens United stands as good law this action can be seen only as a frontal assault on free speech as it is explicitly defined by the supreme court.
> Congress shall make no law...or abridging the freedom of speech, or of the press; ...
The Citizens united ruling stipulates to wrong things, first that spending money is speech (it is most certainly not!) and that this speech was restricted, it was not, individuals have every freedom to make election contributions, their freedom to make the supposed speech was not abridged. A regulated entity that is not a person was ... well regulated.
The supreme court lacks the authority to declare arbitrary things a person. Are dogs people too? Is restricting them from barking abridging their freedom of speech? Does congress have a right to pass a law requiring dog owners to take measures to keep their dogs from barking loud in public?
It also introduces an unresolvable conflict in that organized religion can influence politics because spending is speech and religious corporations are supposedly people with rights to make donations as they see fit. Congress can't pass a law that establishes or favors a specific religion yet congress can accept campaign donations by the wealthiest religious organizations (not humans) that donate funds to favor candidates that back their religious views, so is congress passing laws favoring a specific religion an excercise of freedom speech and voting rights by corporations that have the same rights as people? We are not required to accept laws that are illogical.
One last thought is the the supreme court is essentially unrestricted in its power to interpret law via judicial review. But nowhere in the constitution was the court given power of judicial review. They invented it for themselves in Marbury v Madison. Given that context it seems pretty clear that they can decide who or what are persons in the eye of the law.
> They invented it for themselves ...
Nailed it on the head. This power they seem to be excercising is not derived from the will if the governed. There are limits to the authority a government has, that is not defined in law but in the people's willingness to tolerate the governments behavior.
For example in Germany resisting arrest is not illegal because the government cannot make laws against basic human instinct while in China the government can treat people like properties.
So the government of Florida removed Disney's immortal governmental status provided to no other companies. This seems fair to all businesses in Florida.
It's not about free speech. It's about ending a friendship.
I'm on Disney's side here, but it's not a free speech issue.
It's interesting to see just how capricious their politicians can be, but that's what happens when they try to appease populist movements that are driven by one moral panic to another.
However, I do think this is a 'doing the right thing for the wrong reasons' situation, as Disney's clearly been given sweetheart deals and privileges from the state that other groups don't get to enjoy. But I could be wrong, though, as I haven't really looked into it that much.
The first amendment however, does not add an exception for people who don't stay in their lane
Yikes...
No doubt this was a political gift to Disney when they promised to bring development to the Orlando area half a century ago, and Disney certainly fulfilled that part of the deal.
I find that it be laughable, and purposefully misleading as well designed political misinformation by people that are politically opposed to the dominant political winds in the state.
In reality I expect this to be a windfall for the tax base in a few of the counties (except orange) that have been starved for cash because of Reedy Creek
“If the special district is dissolved, Orange and Osceola counties would have to provide the local services currently provided by Reedy Creek. And, the $105 million in revenue would disappear, meaning county and local taxpayers would be on the hook for part or all of the added costs.
…
“Reedy Creek has bond liabilities of between $1 billion and $1.7 billion, according to the district’s financial filings. Under Florida statute, if Reedy Creek is dissolved, those liabilities are transferred to the local governments — either Bay Lake or Lake Buena Vista, or more likely, Orange and Osceola counties.”
[1] https://www.cnbc.com/2022/04/21/disney-special-district-flor...
Reedy Creek is a special tax district designed to REDUCE Disney's cost by enabling them to provide some traditional government services themselves and not having to pay the associated taxes to the counties.
With the dissolving of Reedy Creek Disney yes Orange and Osceola counties will have to provide service but they are also going to collect additional taxes for those services.
I think it's most likely that the services will just disappear
From what I can surmise from this link [1], it sounds like the plan is to create new taxes for it. Here's a snippet from that article:
> Fine acknowledges that the local entities where Reedy Creek lies will pick up the Reedy Creek's debt once the district is dissolved, but says those local governments can create Municipal Service Taxing Units (MSTU) that would also "pick up the revenue that would be going to pay for the debt." He insists that "There's no impact to taxpayers."
[1] https://www.foxbusiness.com/politics/disney-stripped-special...
The state is already reeling from losing ~6% of its annual revenue from 2020 and the state keeps growing.
At what point does the third-largest state need to implement state income tax to keep quality of life from becoming third-world? It’s a political third rail.
And with 50+ years of special status it sounds like Florida fulfilled their part as well.
The Disney of today does not resemble the Disney of then, they're one of the largest media companies in the world. What would be the value in letting them continue with their special treatment?
It was a stretch even back in the 1960s but definitely a step too far.