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A comment on Warren Buffett calls insurance Berkshire Hathaway's most important sector. Parent comment

Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by Jtsummers on Sunday October 22, 2017 @07:05PM (#15529523)
Nevada residents don't pay income taxes. They pay sales and property taxes (primarily). The majority of the income in the state, however, comes through sales taxes. Almost certainly not all from residents. Nevada itself is subsidized by outsiders visiting the state.

The people of Nevada lose more money in what they choose not to tax the casinos that whatever they may have directly or indirectly put into Musk's factory.

Some details on Nevada's revenue: https://ballotpedia.org/Tax_policy_in_Nevada

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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by tptacek on Sunday October 22, 2017 @08:57PM (#15529948)
So you're saying the taxpayers fund things through an even more regressive process than income taxes.
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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by Jtsummers on Sunday October 22, 2017 @10:24PM (#15530247)
Well, there is that. But also a large percentage of the sales tax (which includes hotels and such) comes from tourists, not residents.
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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by kchoudhu on Monday October 23, 2017 @03:42AM (#15531425)
People trotted that one out a few days ago when trying to justify spending $80MM on a ball park in Summerlin: we didn't pay for it, the tourists did!

Guys, you realize that that $80MM could have been used to make the CCSD not the butt of national education jokes, right?

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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by valuearb on Sunday October 22, 2017 @10:38PM (#15530294)
This is like saying the thief who stole my car didn’t hurt me cause I’m only working part time and can easily work more hours to buy another.

The money gifted Musk could have gone to schools. Higher taxes on casinos and tourists isn’t free, it means fewer casinos and tourists. And it also can go to schools.

Giving billionaires handouts is terrible public policy.

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