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I found this interesting article on how local governments spend more than the Fed does every year on Housing, Education, or infrastructure on giant tax breaks for large multi billion dollar companies like Amazon. Imagine what we could spend that money on, especially places that don't really have the funds to spend on companies that are already extremely profitable. https://www.theatlantic.com/ideas/ar...llegal/575539/
And?
You OBVIOUSLY don't know a thong about "tax incentives". (must be public school "educated!)
"Imagine what we could spend that money on,"
The REASON they give tax breaks is because of the REVENUES the company will BRING INTO the state they are gambling on.
The end result is a GAIN in revenues.
Your "thinking" is like if I go to college or trade school today, it will cost me say, $80,000 a year, no way am I going to pay that much money, it isn't worth it. I'll keep flipping burgers.
It is a SHAME the schools today DON'T teach ANYTHING about business, finance, tax incentives, investments, etc.
Corporate America is getting all the help it doesn’t need. You and I may not like it. But executives such as Jeff Bezos have no reason to care. They are winning by the rules of a broken game.
This is how it has always worked. I won't change anytime soon. CEO's hate competition and the free market, they are all for subsidies and tax breaks. They say competition is good, but not between corporations, just between workers racing to the bottom.
But people insist the system isn't rigged and you just have to work harder.
This is how it has always worked, greedy people take EVERY tax break they can, home mortgage, children, property taxes, etc.
Yeah, it's horrifying. And very often the promises (e.g. zillions of new jobs) don't materialize, or the company suddenly reaps the benefits then moves out.
Isn't there an annual governors' meeting? They should all agree to stop.
" And very often the promises (e.g. zillions of new jobs) don't materialize, or the company suddenly reaps the benefits then moves out."
And your supporting data is where?
IF what you claim were TRUE ALL THE TIME, or even "most often" states would NOT still doing tax incentives.
What is the difference between this type of welfare and ordinary individual welfare ?
The bulk of this welfare is tax reductions to corp entities. Less taxes to one entity does not mean taking anything from any other entity. Welfare typically relies on taxes taken from some entity.
Although since the state and local gov'ts cannot create money, this process is much easier to accommodate at the Federal level. A la China.
Yeah, it's horrifying. And very often the promises (e.g. zillions of new jobs) don't materialize, or the company suddenly reaps the benefits then moves out.
Isn't there an annual governors' meeting? They should all agree to stop.
But the governors that most people elect are corrupt, their campaigns are funded by the richest people in America. They are not going to disobey their masters, sadly. The reality is that unless we strengthen labor unions and get big money out of politics, the situation will be far worse before it can be better. After all, we cant have massive inequality and democracy at the same time. When a tiny elite have so much money compare to the masses, they can easily buy the political process. We have to choose, either massive inequality or democracy. And democracy is a threat to any system of power, no matter how much the corporate elites pretend they are for it.
But the governors that most people elect are corrupt, their campaigns are funded by the richest people in America. They are not going to disobey their masters, sadly. The reality is that unless we strengthen labor unions and get big money out of politics, the situation will be far worse before it can be better. After all, we cant have massive inequality and democracy at the same time. When a tiny elite have so much money compare to the masses, they can easily buy the political process. We have to choose, either massive inequality or democracy. And democracy is a threat to any system of power, no matter how much the corporate elites pretend they are for it.
Because big labor unions and their big money wont collude with politicians (a.k.a. rent seek)
Its hard to believe given history how people can still be so naive
Because big labor unions and their big money wont collude with politicians (a.k.a. rent seek)
Its hard to believe given history how people can still be so naive
Big labor unions represent millions of workers. Its not a single billionaire buying the political process and own most of what people hear, read and watch on media. Can labor unions be corrupt? Absolutely. But labor unions have democratized all societies where they are strong and powerful like nothing else has. Thats why the billlionaire elite always target labor unions first in their quest for total unchecked power. Labor unions and democracy is a huge threat to their power, status and privilege.
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