Atlanta vs Charlotte for 'King of the South' (Washington, Arlington: low crime, public schools)
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well, if king is in reference to overall superiority in size, gdp, national importance, and such, then there is no comparison, atlanta, hands down. i don't know why this would even be a category for this type of comparison.
To whoever said the following why not just be bold enought to post it here? It wasn't all that big of a deal.
"Why is this significant. Having low tax rates is a race to the bottom. You can't pay for infrastructure, eduation or attract rich, cultured people who are willing to pay more to live and play in a "real city" not a fake Atlanta strip mall type citya"
And to the above, I don't think the poster has ever lived in a state with high taxes. High taxes is the race to the bottom, just ask yourself which states are doing better today the one with high taxes or the ones with the low taxes? Just look up California and Texas. And the wealthy didn't get that way by giving their money to local and state governments. High tax states fail to understand that the most mobile are the wealthy and companies, they don't have to be in your state they 50 states to choose from and better yet an entire planet.
I don't doubt that when Charlotte gets 3 million more people if will be much denser and have better transit than what Atlanta has and may even resemble a city like DC. The question is, what will Atlanta or Houston or Dallas or Miami do during that time.
These cities will continue to grow and improve as well.
To whoever said the following why not just be bold enought to post it here? It wasn't all that big of a deal.
"Why is this significant. Having low tax rates is a race to the bottom. You can't pay for infrastructure, eduation or attract rich, cultured people who are willing to pay more to live and play in a "real city" not a fake Atlanta strip mall type citya"
And to the above, I don't think the poster has ever lived in a state with high taxes. High taxes is the race to the bottom, just ask yourself which states are doing better today the one with high taxes or the ones with the low taxes? Just look up California and Texas. And the wealthy didn't get that way by giving their money to local and state governments. High tax states fail to understand that the most mobile are the wealthy and companies, they don't have to be in your state they 50 states to choose from and better yet an entire planet.
All states should look to North Carolina when wrestling over taxes vs. benefits/payoffs. It has always been the South's most industrialized state, and of course now, its high-tech (RTP), biomedical, smart grid, tv/film production, tourism and higher education (including technical school system) multi-billion dollar success stories speak for themselves.
And in reply to Georgia's never-ending hatred of any taxes whatsover, I just read how NYC's (too high taxation) is luring some fantastic new industries to the city. So investment pays off, no matter how outrageous a state's taxes are: Economic diversification: Reimagining the future | The Economist
All states should look to North Carolina when wrestling over taxes vs. benefits/payoffs. It has always been the South's most industrialized state, and of course now, its high-tech (RTP), biomedical, smart grid, tv/film production, tourism and higher education (including technical school system) multi-billion dollar success stories speak for themselves.
And in reply to Georgia's never-ending hatred of any taxes whatsover, I just read how NYC's (too high taxation) is luring some fantastic new industries to the city. So investment pays off, no matter how outrageous a state's taxes are: Economic diversification: Reimagining the future | The Economist
It seems to have more to do with investment money, i.e. available venture capital. One project mentioned had a gift of $350 million from a guy who made his fortune from Duty Free Shopping. I think there is a greater correlation to available investment money than government services and infrastructure. Perhaps even those incubators shield the fledgling companies from taxes and other vagrancies of the marketplace.
To whoever said the following why not just be bold enought to post it here? It wasn't all that big of a deal.
"Why is this significant. Having low tax rates is a race to the bottom. You can't pay for infrastructure, eduation or attract rich, cultured people who are willing to pay more to live and play in a "real city" not a fake Atlanta strip mall type citya"
And to the above, I don't think the poster has ever lived in a state with high taxes. High taxes is the race to the bottom, just ask yourself which states are doing better today the one with high taxes or the ones with the low taxes? Just look up California and Texas. And the wealthy didn't get that way by giving their money to local and state governments. High tax states fail to understand that the most mobile are the wealthy and companies, they don't have to be in your state they 50 states to choose from and better yet an entire planet.
Nope, you gotta look at the people high tax places attract. High tax bring better infrastructure (rail) and public services (more cops) and makes cities livable. People who make a certain amount of money and have a certain amount of intelligence generally want to be in places that have good school , transportation, safe neighborhoods etc.Those people aren't going to care about paying a little more for it since they have money or are smart enough to make it or smart enough to appreciate the better services and benefits of high tax. Those people are the ones that companies seek out and try to attract. The smart people with money will go for the better city, not the cheapest. You get some companies being a cheapskate now but once thing better/or more smart valuable people realize that you get what you pay for its all over and places like San Fransisco,NYC, DC, and Chicago will get the business back becuase all the smart valuable people will want to be in better cities with rail/transportation and public services.
All states should look to North Carolina when wrestling over taxes vs. benefits/payoffs. It has always been the South's most industrialized state, and of course now, its high-tech (RTP), biomedical, smart grid, tv/film production, tourism and higher education (including technical school system) multi-billion dollar success stories speak for themselves.
And in reply to Georgia's never-ending hatred of any taxes whatsover, I just read how NYC's (too high taxation) is luring some fantastic new industries to the city. So investment pays off, no matter how outrageous a state's taxes are: Economic diversification: Reimagining the future | The Economist
NC is falling into the same trap that many high tax states do. Playing on the defensive (as they did with Red Hat) or making up the difference for their relatively higher corporate income tax rate as they did with Chiquita and the larger incentive package.
Not that NC is an extremely high tax state but States with high taxes think they're smart and only end up sending an anti-business climate message and are stuck playing on the defensive. Just look at the huge incentive package Illinois payed to keep Sears and look how it devastated Michigan which doesn't have a corporate income tax at all now because their taxes were so high before. And is it any coincidence why 5 large multibillion dollar corporations left California for the D.C. area in the last 5 years but all went to Va instead of Maryland.
There are just some taxes you should not mess with cause you're going to do more harm then good.
NYC is not on the top tier attracting any large companies, its a place that's riding off of efforts made long ago in the past and is simply sustaining its current situation. Anything built (like the processor plant in up state NY) often takes a hefty amount of government involvement and huge tax incentives which should not be the case. The article you posted is talking about things that have yet to be seen. NYC already had a large number of VCs (again, efforts from the past) but even despite all of the Technology and Silicon Valley hype of California (high tax state), it is in the worst shape its ever been while Texas (low cost state) is doing so much better. Sad part is California doesn't have any where to go but down, they've maxed out raising taxes.
Nope, you gotta look at the people high tax places attract. High tax bring better infrastructure (rail) and public services (more cops) and makes cities livable. People who make a certain amount of money and have a certain amount of intelligence generally want to be in places that have good school , transportation, safe neighborhoods etc.Those people aren't going to care about paying a little more for it since they have money or are smart enough to make it or smart enough to appreciate the better services and benefits of high tax. Those people are the ones that companies seek out and try to attract. The smart people with money will go for the better city, not the cheapest. You get some companies being a cheapskate now but once thing better/or more smart valuable people realize that you get what you pay for its all over and places like San Fransisco,NYC, DC, and Chicago will get the business back becuase all the smart valuable people will want to be in better cities with rail/transportation and public services.
What are high tax places attracting? Illegal immigrants and a third world status like in California? How ironic, low cost Texas is attracting California's skilled and educated!
High-taxes or low taxes also have nothing to do with transit, infrastructure, and services funding. That's all about the state and local governments management and allocation of funds no matter where they come from.
Maryland recently passed a Millionaire's tax and not only did they fall well below the estimated funds to be raised, many of those Millionaire's quickly changed their addresses and moved. Knocking one their wealthiest counties out of the top 10 in the U.S.
Amazing how people are crying for higher taxes. People who moved from NJ and Cali would beg to differ, that's why they moved south, although sometimes it seems they forgot why they moved and want to turn the South and Mid-Atlantic into the place they left.
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