bill stripping Disney of self governing status goes to Governor for signing

Not doing anything would have done the same thing


You see

Your assholes are getting out of hand and doing crazy assed shit


Disney is smart enough to understand


This was a calculated decision


They lose LESS support this way



They know which dude will prevail fool
 
Disney made the best decision to retain stock prices


DeSatan can keep voters from voting to retain power and he is doing that



He can’t keep people from investing


Your team is fucked in the end



Disney knows it
 
So Desantis picked a fight with his biggest employer and biggest payer of taxes in the state. God thinking. He did it because he knew Trumpys would buy-in. His wokeness is incredible.
 
anatta said:
The bill now heads to the governor's desk
https://www.foxnews.com/politics/florida-house-passes-bill-stripping-disney-of-self-governing-status
The move could have huge tax implications for Disney, whose series of theme parks have transformed Orlando into one of the world’s most popular tourist destinations, and serves to further sour the relationship between the Republican-led government and a major political player in the state.

The special status, known as The Reedy Creek Improvement Act, was signed into law in May 1967 by Gov. Claude Kirk in response to lobbying efforts by Disney. The entertainment giant proposed building a recreation-oriented development on 25,000 acres of property in a remote area of Central Florida's Orange and Osceola counties, which consisted of 38.5 square miles of largely uninhabited pasture and swampland.

Orange and Osceola County did not have the services or resources needed to bring the project to life, so the state legislature worked with Disney to establish the Reedy Creek Improvement District, a special taxing district that allows the company to act with the same authority and responsibility as a county government.
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The bill gives them a year, until after Election Day to resend it.
 
Early versions of the state’s controversial bill were broader, but here’s the key line in the law that passed: “Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age-appropriate.” That language belies the claim that kids with gay siblings or two moms couldn’t talk openly about their families.

At first CEO Bob Chapek told employees that Disney would take no position. “As we have seen time and again, corporate statements do very little to change outcomes or minds,” he wrote. “Instead, they are often weaponized by one side or the other to further divide and inflame.” But inspired by an earlier tweet from former CEO Bob Iger, Disney employees went into open rebellion. Soon Mr. Chapek was groveling to his underlings and calling Florida’s bill a “challenge to basic human rights.”

Perhaps he thought this would be a free way to mollify his staff, but Mr. Chapek misjudged the political moment. Republican voters who have watched companies side with the progressive agenda and silence employees who disagree are fed up. Mr. Chapek was right the first time: Disney’s political foray didn’t stop the Florida law. But it made a lot of people mad, including Disney customers and state lawmakers.
***

There’s a warning here to other companies, especially Big Tech and Wall Street, which are mainly based in liberal states but conduct business everywhere. If they try to impose their cultural values, they risk losing Republican allies on the policy issues that matter most to their bottom lines, such as regulation, trade, taxation, antitrust and labor law. Polls show rising GOP hostility to big business, and that is likely to be reflected when Republicans take power.

If good tax policy can’t pass Congress because Republican voters are furious about cultural imperialism from the C-suite, that’s bad for the country. It’s also bad for business. The Disney lesson for CEOs is to stay out of these divisive cultural fights. The lesson for political partisans in the workplace is that their bosses run the office, but they don’t run the country.
https://www.wsj.com/articles/revolt...ntis-bob-chapek-11650578648?mod=djemalertNEWS
 
Althea said:
Disney is carrying about $1billion in debt via bonds. That debt is now Florida's problem.

Disney could shop itself around to other warm weather states who will be happy to give them the deal that they had in Fla.. Spend billions on a new Disney and avoid the property taxes that DeSantis is about to try to impose. It works for the NFL.
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have you been to Disneyworld ? its not like one nfl, its like ALL of them.
 
ExpressLane said:
Then fewer people will go to Disney. But that is exactly how ALL corporate taxes work. The people that buy/us the product pay the Corporation's taxes.
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So Gov. Deathsentence just hiked prices at Disney?


That ought to play well in the fall.
 
Phantasmal said:
No, unfortunately, it will be the property owners, tax codes would have to be changed to increase taxes on Disney.
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Agree. Disney already pays millions in property taxes despite accruing all costs associated with running the community.

To hike the taxes, they will have to assess the property again, and Disney will challenge it.
 
Althea said:
I know. It's huge. But the billion in debt that they walk away from, coupled with the current property taxes might just make it worthwhile?
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I'm really looking forward to seeing DeSantis collapse Disney World. :rofl2:

https://www.tallahassee.com/story/n...st-political-power-50-years-later/5919720001/
When Roy Disney broke ground for his late brother Walt’s Disney World in 1967, it marked the transformation of a sleepy, farming state of six million people into an economic powerhouse today where 21 million live and work in the 15th largest economy in the world, bigger than that of the Netherlands, Saudi Arabia or Taiwan.

“As much as any single company, they definitely helped shape and mold the state,” said Aubrey Jewett, a political science professor at the University of Central Florida. “The economic, political and social environment that is Florida today owes a lot to the fateful decision of Walt Disney to come to Central Florida.” ...

... A 2019 study found Disney dominates the Central Florida tourism industry, according to Oxford Economics, and produced:

$75.2 billion annual economic impact for Central Florida.
463,000 jobs.
$5.8 billion in additional state tax revenue.

The sales tax collected just on the 58 million Disney World tickets sold in 2018 was $409 million. That’s more than what the state will spend this year on school construction and maintenance or the entire Department of Elder Affairs budget.
 
anatta said:
sorry.but this is just stupid. Last thing I want is tax increases (im in Orange county)
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If DeSantis wins, you'll get the taxes.

You can always hope you don't have long too live so you don't have to pay those taxes, Dookie.....or just tell your neighbors you hate America, love Putin and support terrorism. :thup:
 
Dutch Uncle said:
If DeSantis wins, you'll get the taxes.

You can always hope you don't have long too live so you don't have to pay those taxes, Dookie.....or just tell your neighbors you hate America, love Putin and support terrorism. :thup:
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first off Im not sure how it all shakes down. While we technically become responsible for infrastructure -
Disney looses a lot of tax breaks -so it could break even.. again I dont know the details.

What Im afraid of is that corporate clout will then give them "carve outs" (tax breaks);
so it will be a net loss - but that's true of any state government -not just Desantis

So you dont like DeSantis either eh? fuck if i care - you are one strange dumb dude-
but dont try to pass yourself off as a conservative
 
anatta said:
Early versions of the state’s controversial bill were broader, but here’s the key line in the law that passed: “Classroom instruction by school personnel or third parties on sexual orientation or gender identity may not occur in kindergarten through grade 3 or in a manner that is not age-appropriate.” That language belies the claim that kids with gay siblings or two moms couldn’t talk openly about their families.

At first CEO Bob Chapek told employees that Disney would take no position. “As we have seen time and again, corporate statements do very little to change outcomes or minds,” he wrote. “Instead, they are often weaponized by one side or the other to further divide and inflame.” But inspired by an earlier tweet from former CEO Bob Iger, Disney employees went into open rebellion. Soon Mr. Chapek was groveling to his underlings and calling Florida’s bill a “challenge to basic human rights.”

Perhaps he thought this would be a free way to mollify his staff, but Mr. Chapek misjudged the political moment. Republican voters who have watched companies side with the progressive agenda and silence employees who disagree are fed up. Mr. Chapek was right the first time: Disney’s political foray didn’t stop the Florida law. But it made a lot of people mad, including Disney customers and state lawmakers.
***

There’s a warning here to other companies, especially Big Tech and Wall Street, which are mainly based in liberal states but conduct business everywhere. If they try to impose their cultural values, they risk losing Republican allies on the policy issues that matter most to their bottom lines, such as regulation, trade, taxation, antitrust and labor law.TT

If good tax policy can’t pass Congress because Republican voters are furious about cultural imperialism from the C-suite, that’s bad for the country. It’s also bad for business. The Disney lesson for CEOs is to stay out of these divisive cultural fights. The lesson for political partisans in the workplace is that their bosses run the office, but they don’t run the country.
https://www.wsj.com/articles/revolt...ntis-bob-chapek-11650578648?mod=djemalertNEWS
Click to expand...

The quotes in boldface are rich. DeSantis and the Republican legislature are the ones imposing cultural values with their control of the state government; Disney imposed nothing -it only employed the power of speech, for what it's worth - in this case getting kicked in the ass.
 
Althea said:
I know. It's huge. But the billion in debt that they walk away from, coupled with the current property taxes might just make it worthwhile?
Click to expand...
whats not being mentioned is the real estate costs. Old Walt bought all that land at Louisianna Purchase rates.
Moving it is not feasible.
 
martin said:
The quotes in boldface are rich. DeSantis and the Republican legislature are the ones imposing cultural values with their control of the state government; Disney imposed nothing -it only employed the power of speech, for what it's worth - in this case getting kicked in the ass.
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the article also reference other areas of corporate wokeness.
like canceling the All Star game and hurting black businesses in Atlanta over "Jim Crow" -
which it wasn't as it expanded voting hours and day

You are wrong here as well. Disney never made a sound when the 'parental rights' bill was in the House.
Disney never made an issue of it until the California crowd walked off the job.
That's what prompted the CEO to start yammering about "dont say gay"

He's just like Woke-a-Cola and the rest. They inject politics into business and government
The law is overwhelmingly popular in Florida - even among Dems.
It's the butt hurt wokesters that are driving this
 
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