Skip to: Content
Skip to: Site Navigation
Skip to: Search

MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter


 OPINION 
13

Florida's a Dying Ponzi Scheme, But I Love It

Tax base erodes as tourists, snowbirds dwindle

Share

(Newser) – Florida resident Diane Roberts isn’t surprised—or even upset—that her state is collapsing. The Sunshine State's population is dwindling for the first time since World War II as tourists and snowbirds pull out, eroding the tax base that funded just about everything. "Our whole economy is more or less a big Ponzi scheme," Roberts writes on NPR. "When nobody can afford a condo in Boca ... the Ponzi scheme collapses."

“The rest of America sold corn, cotton, iron or coal. Florida sold itself.” But its “old inhabitants will be just fine,” she writes; bees, alligators, and plants are already reclaiming what was once drained and sold. “After all, Florida was the last part of the North American continent to emerge from the sea, and, when the waters rise again, Florida will be the first to return.”

Florida Gov. Charlie Crist speaks.
Florida Gov. Charlie Crist speaks. "Even the governor wants to leave%u2014for Washington, D.C.," Roberts writes. "He's running for the U.S. Senate after one term."   (AP Photo/Chris O'Meara)
Partially built homes sit along a street overtaken by weeds in Homestead, Fla. Countless homes were built by developers and sit vacant in ghostly subdivisions, with not a buyer in sight.
Partially built homes sit along a street overtaken by weeds in Homestead, Fla. Countless homes were built by developers and sit vacant in ghostly subdivisions, with not a buyer in sight.   (AP Photo/J Pat Carter)
Terry Zittle of Cocoa Beach, Fla., reads his paper near the Cocoa Beach Pier after feeding the birds, Monday, Aug. 31, 2009.
Terry Zittle of Cocoa Beach, Fla., reads his paper near the Cocoa Beach Pier after feeding the birds, Monday, Aug. 31, 2009.   (AP Photo/Florida Today, Michael R. Brown)
A for sale sign lays on the ground in front of a foreclosed home in Homestead, Fla. In certain ZIP codes, around 25 percent of the homes are in one stage of foreclosure or another.
A for sale sign lays on the ground in front of a foreclosed home in Homestead, Fla. In certain ZIP codes, around 25 percent of the homes are in one stage of foreclosure or another.   (AP Photo/J Pat Carter)
« Prev« Prev | Next »Next » Slideshow

I'm not too upset people are bailing out of Florida. I never believed in the state religion that growth was good. Florida will be poorer, but quieter. - Diane Roberts

« Prev« Prev | Next »Next » Slideshow
13 comments
VIEWING:
 
DanB
Sep 6, 09 4:45 PM CDT
Anything that ever crawled or walked is still crawling or walking in Florida. You can keep it! Reply
Vote up! Vote down!
+1
crossdrawbars
Sep 6, 09 4:45 PM CDT
It's OK Florida. I still love you. Reply
Vote up! Vote down!
+2
Caps
Sep 6, 09 5:27 PM CDT
Florida is a state I wouldn't visit anymore, much less live there. The last time we visited there when we crossed the state line, my words, "Florida you can kiss my a$$ goodbye". Reply
Vote up! Vote down!
+1
DJM420
Sep 6, 09 6:06 PM CDT
wow, crist looks like he's a friggen corpse in that pic.... Reply
Vote up! Vote down!
+3
IN RESPONSE:
DJM420
Sep 6, 09 9:40 PM CDT
haha thumbs down...someone really doesnt?
Vote up! Vote down!
0
LEAVE A
COMMENT
Comment Policy
Facebook ConnectPost this comment to Facebook?

After connecting you will have the option to post your comment on your Facebook profile.