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(@Spartygrad95)
Posts: 1885
Noble Member
Topic starter
 

Good Morning Community! Just so you know, here are some of the initiatives Janelle K. Sarauw, #12 on the ballot, wants to enact upon entering the Senate as well as their financial impact to the territory.

1. Full Legalization & Taxation of Marijuana for medicinal and recreational purposes. $33,592,500 per year in revenue.

2. Taxation of Monetary Exports leaving the Territory: $45,000,000 per year in revenue.

3.Legalization of in-person Casinos on St. Thomas, providing employment to many, opportunities for contractors, and many more auxiliary benefits.

This is only the tip of the iceberg. If we want to ensure our Territory becomes self-sustaining, highly competitive, and financially secure, we need out of the box thinking, courage, and drive! Please vote #12 this November 8th and join the #forwardmovement

https://www.facebook.com/JanelleKSarauw/?fref=ts

 
Posted : September 26, 2016 8:00 pm
(@ms411)
Posts: 3554
Famed Member
 

I liked her when she ran last time, but she ran as a Republican and is now Independent in a crowded field. She is also technically savvy so should be able to get some efficiency implemented in some areas.

We also need someone youthful in the senate. I hope she motivates others to get involved.

 
Posted : September 26, 2016 8:32 pm
(@Pammerjo)
Posts: 144
Estimable Member
 

I was just thinking today how good it would be for this island to move toward some casino tourism. (And legal reefer would be nice, too!)

I feel that within the next few years, we're going to have a some serious competition with Cuba in terms of holiday destinations and we need to get our butt in gear if we're going to compete - I don't think we should rely on the cruise ships. Most of our resorts are already becoming eyesores with some seriously bad reviews - a few sparkly new casino resorts would bring a lot of employment and revenue to the island and pretty up the place a little.

 
Posted : September 26, 2016 9:08 pm
(@ms411)
Posts: 3554
Famed Member
 

Casinos are no longer a draw. Puerto Rico has been closing theirs.

I think people want more family activities. Soon St Thomas will have an Escape Room which are very popular in the States. I couldn't get a reservation when I was in DC in June. They are also good for family friendly night activity and good for when it rains.

The night kayak from Frenchman's Reef here on STT is very popular. Often sells out. These family friendly activities need better promotion, imo. People are willing to pay for memorable family experiences from what I've read on some tourism studies.

Most places in the Caribbean are perceived as honeymoon, couples, and retiree destinations. More families are traveling so tourism photos need to show more families and provide tips for solo travelers.

 
Posted : September 26, 2016 10:04 pm
(@Spartygrad95)
Posts: 1885
Noble Member
Topic starter
 

There is room for A large casino, although that is my 3rd choice of her initiatives. Marijuana industry/tourism would be huge. Taxes money sent away via western union/moneygram is also a good idea. The estimates are $15million a month leaving island via this transaction

 
Posted : September 26, 2016 10:08 pm
(@alana33)
Posts: 12366
Illustrious Member
 

Mapp's hand puppet: Janelle K. Sarauw, #12

 
Posted : September 26, 2016 10:21 pm
(@Spartygrad95)
Posts: 1885
Noble Member
Topic starter
 

Really? Has Mapp even suggested such things? No. Keep voting for the same people who are intent on bankrupting the VI.

 
Posted : September 26, 2016 10:25 pm
(@east-ender)
Posts: 5404
Illustrious Member
 

Okay. In the distant past (after Marilyn?), there was a referendum on casinos. The territory voted them down,but St Croix (who voted in favor) asked for a separate vote. The second time around they voted in favor and were allowed to have them (as part of a hotel) to help their struggling economy. Well...you see how well that has worked. People anywhere in the states can drive 10 minutes to go to an "Indian" casino, they are not going to come to the USVI to go to a casino. After this was all decided, the government decided to allow VLTs on St Thomas. Again, not a draw for people from the states, but a great way for folks to spend their social security check. It has been a boondoggle all around.

How about we kill all the feral chickens, clean up the roads, and send everyone for customer service training? Then we can talk ways to expand tourism.

 
Posted : September 26, 2016 10:45 pm
(@Spartygrad95)
Posts: 1885
Noble Member
Topic starter
 

Where is the money for those endeavors coming from? Borrowing more? You can do both with a marijuana industry and either keeping money here or taxing it for those who want to send it down island

 
Posted : September 26, 2016 10:49 pm
(@speee1dy)
Posts: 8867
Illustrious Member
 

Locals love the casinos. But that does not bringvin any new money. Just the same old m I ney being recirculated

I like the idea of legalized mj. And medicinal mj. And hemp products.

 
Posted : September 26, 2016 10:56 pm
(@alana33)
Posts: 12366
Illustrious Member
 

Glad you registered to vote and will do so, for your choice.

 
Posted : September 26, 2016 11:05 pm
(@Scubadoo)
Posts: 2434
Noble Member
 

The estimates are $15million a month leaving island via this transaction

Where is all that money coming from?

 
Posted : September 27, 2016 12:55 am
(@JohnnyU)
Posts: 465
Reputable Member
 

Where is the money for those endeavors coming from? Borrowing more? You can do both with a marijuana industry and either keeping money here or taxing it for those who want to send it down island

Are you proposing the USVI build grow rooms?

 
Posted : September 27, 2016 1:22 am
(@Spartygrad95)
Posts: 1885
Noble Member
Topic starter
 

Where is the money for those endeavors coming from? Borrowing more? You can do both with a marijuana industry and either keeping money here or taxing it for those who want to send it down island

Are you proposing the USVI build grow rooms?

I'm sorry if my answer was confusing. I just reread it. It was two parts
1. An mj industry
2. Taxing money sent down island by illegal workers here and those who.are sending most of their monies to another country via western unioin

 
Posted : September 27, 2016 1:52 am
(@singlefin)
Posts: 1016
Noble Member
CruzanIron
(@cruzaniron)
Posts: 2533
Famed Member
 

2. Taxation of Monetary Exports leaving the Territory: $45,000,000 per year in revenue.

Right off the bat, this person has no grasp of simple math or economics. What tax rate do they propose to charge for exports of money?

And this person is telling me that I cannot send money to my children that I worked to earn? That parents can't send money to kids in college? That children cannot send money to their parents in off island hospice? Really?

 
Posted : September 27, 2016 10:23 am
CruzanIron
(@cruzaniron)
Posts: 2533
Famed Member
 

Taxes money sent away via western union/moneygram is also a good idea. The estimates are $15million a month leaving island via this transaction

15 million a month taxed at 10% equals $18 million a year in revenue.

Where does the yearly REVENUE cited at $45 Million come from? a 25% tax? Really?

 
Posted : September 27, 2016 10:30 am
 tedc
(@tedc)
Posts: 75
Trusted Member
 

Re: the Moneygram tax... I believe the argument here is that VIBIR has never gotten their hands on this under-the-table income before it's whisked away.

So, it's not that they really want to tax Moneygram transactions 25%, but that there needs to be a better mechanism to identify large amounts of unreported income.

I feel US Postal Service could do their part as well, as for a couple of bucks it's pretty easy to turn piles of unreported drug money, or taxi fares, or construction wages into "legitimate" paid bills, paid rent, and remittances off-island via a Money Order. Does USPS even keep track of who's pushing $5k a week over their counter? I see enough of the same people in the PO, over and over again, with a stack of cash to turn into Money Orders...

 
Posted : September 27, 2016 1:46 pm
CruzanIron
(@cruzaniron)
Posts: 2533
Famed Member
 

In 2014, Colorado retailers sold $386 million of medical marijuana and $313 million for purely recreational purposes. The two segments of the market generated $63 million in tax revenue, with an additional $13 million collected in licenses and fees.

Colorado population 5.356 million.

So tax and fee revenue equals 76 million, or $14.19 per person.

Prorate to VI population of barely 100,000 and tax & fee revenue would be $ 1.4 million.

Again, the candidates math skill is lacking, or the seriously misunderstand something it they thing that $33.5 million in government revenue could be created.

 
Posted : September 27, 2016 1:58 pm
CruzanIron
(@cruzaniron)
Posts: 2533
Famed Member
 

2016 update

http://www.thecannabist.co/2016/09/12/colorado-marijuana-sales-july-revenue-pot-tax/63054/

$140-150 million in tax revenue.

VI government revenue equivalent very roughly $3 million.

 
Posted : September 27, 2016 2:02 pm
(@AandA2VI)
Posts: 2294
Noble Member
 

2. Taxation of Monetary Exports leaving the Territory: $45,000,000 per year in revenue.

Right off the bat, this person has no grasp of simple math or economics. What tax rate do they propose to charge for exports of money?

And this person is telling me that I cannot send money to my children that I worked to earn? That parents can't send money to kids in college? That children cannot send money to their parents in off island hospice? Really?

You can absolutely do that and send whatever you want to your family off island but you'll need to pay a tax so that where you made the money doesn't suffer. Pretty common sense.

 
Posted : September 27, 2016 3:04 pm
(@gators_mom)
Posts: 1300
Noble Member
 

MJ already is the successful cash crop in the USVI. It puts money in lots of pockets.

So who is going to negotiate with the gang bangers who run the MJ business to legalize it? Their aunties and uncles who work for the government?

This is age-old in the VI.

I remember when JVD players in the BVI traded the island's MJ business for electricity, streetlights and paved roads. That was tangible.

What will be made better by legalizing pot? Not for you or me or tourists - but for those entrenched in MJ as the family business in the USVI? What's the trade?

 
Posted : September 27, 2016 3:14 pm
CruzanIron
(@cruzaniron)
Posts: 2533
Famed Member
 

You can absolutely do that and send whatever you want to your family off island but you'll need to pay a tax so that where you made the money doesn't suffer. Pretty common sense.

I already paid tax when I earned it. Why do I have to pay to give it away?

 
Posted : September 27, 2016 3:35 pm
(@watruw8ing4)
Posts: 850
Prominent Member
 

2. Taxation of Monetary Exports leaving the Territory: $45,000,000 per year in revenue.

Right off the bat, this person has no grasp of simple math or economics. What tax rate do they propose to charge for exports of money?

And this person is telling me that I cannot send money to my children that I worked to earn? That parents can't send money to kids in college? That children cannot send money to their parents in off island hospice? Really?

You can absolutely do that and send whatever you want to your family off island but you'll need to pay a tax so that where you made the money doesn't suffer. Pretty common sense.

Since when is double taxation common sense? "Where" I made the money has already collected once, so they shouldn't suffer.

 
Posted : September 27, 2016 3:58 pm
(@stxsailor)
Posts: 628
Honorable Member
 

I don;t think casinos are the way to go. Why would someone fly down to the Caribbean so sit inside in a casino? Just look at Freeport, Bahamas. Ghost town, or was 5 years ago. don't know if it's improved. Eco tourism, food tourism, small BandB is the way to go.

 
Posted : September 27, 2016 4:39 pm
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