Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

While Fontanans were watching their trees die, Kaiser was shattering the illusion of starry-eyed San Bernardino County supervisors that the plant would be an enormous tax windfall. Assessed at normal rates in July 1943, the Company rejected the County’s bill out of hand, warning that they ‘might be forced to close the plant’. Although reporters scoffed at the obviously absurd threat to shutter the brand-new, $110 million mill, overawed supervisors obediently reduced the assessment to a small fraction of the original. Their concession set a precedent that allowed Kaiser officials to protest any prospective tax increase as undercutting the economic viability of the plant. As a result, San Bernardino County saw its major potential tax resource evolve into a net tax liability (a fact that helps explain official apathy to the plant’s closure a generation later).

—p.352 Junkyard of Dreams (335) by Mike Davis 2 years, 6 months ago