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Lol...large corporations are raping Texas left and right. Without oil and gas, that state would be a larger version of Mississippi.
Texas actually enshrines corporate welfare as a development policy, it's called Chapter 313, Texas Economic Development Act. And it involves the public school districts.
A discount on taxes IS a cash giveaway no matter what you guys claim.
No, it is not. If Amazon discounts an item to make their price lower than everyone else's to induce you to buy from them, did they GIVE you cash? All these sales stores run - can you believe all the corporate cash giveaways?
A discount is an incentive offered so you can realize revenues you may not otherwise have received. Again, you have to choose from the options before you not the options you wish were before you. The options before TN were not "offer incentives, get Nissan and billions in reveneues" versus "don't offer incentives, get Nissan and billions in reveneues.
Excuse me? So did they just invite them to tea and asked them nicely to invest? Puhleez.
That's a difference without much of a distinction. It's still foregone tax revenues that could have gone elsewhere; and depending on the scale of the giveaways, they could impact their other expenditures significantly.
It's not tax revenues that could have gone elsewhere. By rejecting the first Amazon deal, NYC did not save $3B to use elsewhere, it lost $27B it could have used elsewhere. NYC was not giving Amazon $3B, they were just going to collect $27B instead of $30B. Now they'll collect $0 on that deal. And maybe $2B on the new deal.
Here's the thing: taxes and incentives are well down the priority list in terms of criteria for site selections. More important ones include logistics, cost of energy/utilities, availability of skilled workforce, for example. Tesla's most likely site would be on a rail line for easy transport back to their assembly plant in Fremont, CA (1/2 hour from where I live), because batteries are really heavy to ship. Figured Nevada, near Reno, would be the most likely site given that it's on the Union Pacific rail line back to the SF Bay Area.
If municipalities would get and understand that, there would be less of the bidding against other for giving away the store, financially.
And there are dozens of cities that meet that criteria. The question is which one gets the tax revenue and jobs. It's your kind of thinking that drives the powerful economies of of the likes of Cuba and Venezuela, two countries who rejected the big corporations.
Tucker did a segment on his show tonight showing what a hellhole her district is. Filled with trash and illegals. In other words, your typical Democrat controlled district.
And yet a garage in her district costs more 5 times more than a house where you live. Go figure.
Quote:
Originally Posted by oceangaia
No, it is not. If Amazon discounts an item to make their price lower than everyone else's to induce you to buy from them, did they GIVE you cash? All these sales stores run - can you believe all the corporate cash giveaways?
A discount is an incentive offered so you can realize revenues you may not otherwise have received. Again, you have to choose from the options before you not the options you wish were before you. The options before TN were not "offer incentives, get Nissan and billions in reveneues" versus "don't offer incentives, get Nissan and billions in reveneues.
Taxes are statutory and based on the cost of running a society, a state, a nation or municipality. The price of a retail item is not. Amazon can even give an item to you for free if they want to. Your comparison just doesn’t work here.
So again, why does a trillion dollar company need a local tax break? They just got one at the federal level that’s more than sufficient.
And there are dozens of cities that meet that criteria. The question is which one gets the tax revenue and jobs. It's your kind of thinking that drives the powerful economies of of the likes of Cuba and Venezuela, two countries who rejected the big corporations.
Nonsense. Cuba rejected Imperialism and domination from a nation that doesn’t respect its sovereignty.
Venezuela rejected the notion that they could be told what to do with their most precious resource.
In both cases, a little respect by us would’ve went a long way. But for people who think like yourself (that always manage to get in our government), it’s all or nothing. “Capitulate to the oligarchs, or we’ll label you a communist.”
And yet a garage in her district costs more 5 times more than a house where you live. Go figure.
Taxes are statutory and based on the cost of running a society, a state, a nation or municipality. The price of a retail item is not. Amazon can even give an item to you for free if they want to. Your comparison just doesn’t work here.
So again, why does a trillion dollar company need a local tax break? They just got one at the federal level that’s more than sufficient.
It's an exact comparison. A locality is selling a service to a corporation - hosting their location. The corporation that is shopping for a location will go to the locality that is offering the best value.
Need has nothing to do with marketplace economics.
Nonsense. Cuba rejected Imperialism and domination from a nation that doesn’t respect its sovereignty.
Venezuela rejected the notion that they could be told what to do with their most precious resource.
In both cases, a little respect by us would’ve went a long way. But for people who think like yourself (that always manage to get in our government), it’s all or nothing. “Capitulate to the oligarchs, or we’ll label you a communist.”
And in both cases, their smug rejection earned them economic devastation and extreme poverty. Those like myself are determined to keep those like yourself from applying the same principles and getting the same results here as those two have.
Uh, when they use resources of the public infrastructure, you better believe they should pay for it Particularly if they bring in more traffic - which affects the transportation network. Or if they pollute.
Companies shouldn't get the opportunity to privatize their profits while socializing their costs onto the public at large.
Quote:
Originally Posted by desertdetroiter
Can you even believe he posted that nonsense?? He doesn’t think that Amazon should pay for common services.
That’s how much these people worship the corporatocracy!!
Both of you need to learn how to read. I clearly stated that Amazon pays their share. What I was getting at was desertdetroiter seems to think all of it should rest on Amazon's shoulders.
I can remember how conservatives were trashing AOC when she made it clear that Amazon had no business asking for tax incentives to move into NYC. So Amazon supposedly decided to cancel the deal.
Yeah, they canceled it alright. They’ve actually decided to go ahead with the deal regardless of the fact that they aren’t getting the incentive package.
This is how business is supposed to be done in the United States. If you want to set up business, then do so, but don’t go around asking municipalities to give you everything but the kitchen sink. That’s bad corporate behavior, and cities and states shouldn’t put up with it. Either this is a capitalist country, or it isn’t. Privatizing profit and socializing risk should be a no go.
Oh yeah...there’s this:
Yep. Looks like Facebook is coming to NYC too. I guess the notion that high taxes blah, blah, blah would keep businesses from coming to New York isn’t exactly true, is it? They aren’t gonna get the incentives either I’m sure.
NYC is a special case because Amazon wants to expand into investments and trading. Availability of talent and low latency is critically important for trading systems. Their selected location is as close to the trading floor as they could get for the number of people they plan to hire.
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