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unusualmusic_lj_archive ([personal profile] unusualmusic_lj_archive) wrote2009-04-08 06:52 pm

in this new postracial america

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They Survived Katrina, But Not The Master Plan to Push Them From New Orleans


What's happening now is that legal processes have been instituted that are all but guaranteed to cause a rapid outflow of those poor blacks from the eastern interior, while at the same time a new wave of commercial developers will float in on a cloud of government largess. The mechanism here is an uneven application of new safety guidelines for residential homeowners, passed quietly alongside a colossal tax break for commercial investors. It's a high-stakes hand of real-estate poker, and the casinos, the condo developers and contractors like Halliburton are the ones drawing extra cards.
The scam in East Biloxi centers around flood maps, and it mirrors what is likely to be a similar fiasco in New Orleans. New guidelines called Advisory Base Flood Elevations, or ABFEs, issued quietly and unilaterally by FEMA late last year, place the average suggested elevation above sea level for house construction in most of peninsular East Biloxi at eighteen feet. In order to qualify for any federal assistance in rebuilding your home, you must rebuild according to these guidelines.
Currently, most houses in the neighborhood are at about nine feet or less. [...]
Around the time that FEMA was issuing its ABFEs for East Biloxi, Congress was passing the Gulf Opportunity Zone Act of 2005, colloquially known as the GoZone Act. When President Bush signed the law on December 21st, he made it sound like a relief program for the little guy. "It's a step forward to fulfill this country's commitment to help rebuild," he said. "It's going to help small businesses, is what it's going to do."
Well, not exactly. GoZone does an important thing. It provides a first-year bonus depreciation of fifty percent for commercial real-estate investors within the designated areas, which include East Biloxi and most of the lower parts of Mississippi, Louisiana and western Alabama. What this means, essentially, is that investors who bought into large projects after August 28th, 2005, will pay a fraction of the usual taxes in the first year of the investment.
The GoZone law is just another hand job for the rich, of the sort that has become a staple of the Bush administration's post-Katrina strategy. If the strategy for keeping public money from reaching the poor is to force people to first stand upside down and sing "Come On Eileen" backward and blindfolded, the strategy for giving money to the rich is a little more subtle. First, you give them tax breaks for indulging in the same activity you told the poor was dangerous, then you issue aid packages that only find their way down to needy recipients long after the value has been torn from the package's spine by a string of rapacious subcontractors, each taking their cut, who of course never had to enter into a competitive bid for their trouble. Carrying charges, my boy, carrying charges!MORE