Financial Figure Fallacies

Financial Figure Filandering

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Our local board of commissioners had approved this installation with the hopes that it would bring revenue to the county. But, they were simply mislead.

One commissioner stated, “I am not concerned with the factual nature of the presentation given by beltline, I am concerned with preventing county governement from interfering with business.” If the promotion of business was such a concern, then why did no one pull out a calculator and do the math, as any business man would? Another commissioner is a professor of business at Gordon, did he follow what he teaches, obviously not.

The company that sweet-talked the county commissioners uses the same financial figures in every proposal they submit. The likelihood of these numbers being exactly identical regardless of the size of the facility or the location is nil. It is a bold face lie designed to manipulate and persuade the greedish nature of man, and they bought into the scam hook, line, and stinker.

Not once did the local county commissioners stop to perform the basic math with a calculator. Taking the propsed income of the facility divided by the length of the lease, and comparing it to the proposed income will provide you with an income to property tax ratio. In our planned installation the result of the formula would give you an answer of 42.5%. That means that 42.5% of the expected income to ge generated by the facility will be consumed by paying the property taxes. This rate of taxation is not realistic, and is a lie.

Income/Acre	Acre	Revenue	Tax/Term	Tax/Year	Rev%
800/1	50	40000	425000/25	17000	42.5%

It was reported that the two solar installations in Lamar county would bring the county more than $425,000 in property tax revenue over the course of 25 years. But, where is the data to back up such over inflated figures? It simply do not exist. The same salesman is on record telling a entirely different county the exact same figures for a completely different sized facility in a completely different location. Could this be a coincidence? Not a snowed over chance in hell. These figures are fabrications intended to mislead and manipulate.

If the estimated revenue generated for the county is simply a lie, then what else did Beltline lie about? The installation is reported to be worth 13 million dollars, but wait so is every other facility beltline installs regardless of size. This is obviously another manipulation of the truth and another lie fed to our elected officials. There is nothing more real and factual than the scam that is unfolding in front of our eyes. The greed of man knows no bounds, and will consume all in it’s conquest.

Solar is just bad business in general

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Any business man worth his salt would know that the best means to investigate the profitability of a company would be to acquire a copy of the companies annual report and analyze it. In the state of georgia the largest player in the utilities game is Georgia Power. If you were planning to invest the majority of your personal property in an industry that is dominated by a giant like georgia power, your best bet would be to look at their finances and review how much they have investigated in similar technology.

Do we find that Georgia Power invested large amounts in solar. Not in the least. For their financial purposes they are using solar energy completely as a means to write off taxes. With the outrageous tax benefits given by the federal goverment to do anything else would be a mistake. But, it is not Georgia Power’s primary means of generating electricity not by a long shot.

Google’s ally in solar technology has been reported openly admitting that solar energy has zero dependability. Which would explain why larger utility companies are backing out and / or skipping over the option of solar energy all together.

There are many other arguements to why solar energy is bad business stretching from a projected increase in utility costs to lack of corporate accountability. But we are going to have to discuss that another time.

Links and References

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We are working on adding them to the site currently.

• Americus georgia newspaper
• Upson County Board of Commissioners meeting Beltline presenting
• Lamar County Board of Commissioners meeting Beltline presenting
• Crawford County Boart of Commissioners meeting Beltline presenting

In all presentations Beltline’s salesman state that the county should expect $425,000 in revenue and that the installation will cost $13 million. This is more than just a coincidence, this is a lie.