Dr. Rick Becker explains how to eliminate ND Property taxes!
Dr. Rick Becker presents a compelling argument for the elimination of property taxes in North Dakota. He proposes that by cutting wasteful spending, the state can rely on the ample funding available in the Legacy Fund to address any financial burdens. Through careful calculations, Dr. Becker has developed a formula that could potentially save each taxpayer $4,000 annually, amounting to an impressive $20,000 over a span of five years.
In addition to his stance on property taxes, Dr. Becker also raises concerns about the CO2 pipeline being imposed on North Dakota citizens, with the costs borne by taxpayers for the benefit of private owners. This issue highlights the potential unfairness of the current arrangement.
Dr. Becker expresses his disappointment in North Dakota Governor Doug Burgum, particularly in relation to his recent interview with Chuck Todd. The governor's ambiguous stance on pro-life matters and his refusal to collaborate with President Trump and his supporters have caused him to lose the support of a significant portion of Republicans. This decision effectively alienates approximately 80% of the party's members.
To address the issue of career politicians, Jared Hendrix joins the discussion, proposing an initiative to establish an age cap of 80 for politicians. Just as there are limits on the minimum age for entry into political positions, Hendrix believes it is essential to prioritize mentally sharp politicians by setting an upper age limit. This measure aims to ensure that the best interests of citizens are represented by individuals who possess the necessary cognitive abilities to make informed decisions.
Concluding on a lighter note, the Lighter Side segment portrays a heartwarming scene at a dance competition, featuring a couple in their Golden Years. Their graceful dancing serves as a delightful contrast to the twerking and grinding often associated with today's younger generation.
Details on North Dakota's Legacy Fund:
- 2009: The Legislative Assembly passed House Concurrent Resolution No. 3054 to propose the creation of the Legacy Fund.
- 2010: North Dakota voters approved the measure in the general election, establishing the Legacy Fund as Article X, Section 26, of the North Dakota Constitution.
- July 2019: The first transfer of Legacy Fund earnings to the General Fund occurred, with $455,263,216 transferred for the 2017-2019 biennium.
- 2019-2021: The amount transferred increased to $871,687,384 for this biennium.
- 68th Legislative Session: Updated the definition of earnings to 7% of the 5-year average valuation of the fund, directing earnings to the Legacy Earnings Fund.
- 2021-2023: The transfer amount was $486,568,637 for this biennium.
- Ongoing: The Legacy Fund's investments are managed by the Retirement and Investment Office, with financial statements available on their website.
