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>> Totally fine for California. I'm deeply convinced that tax incentives have negative impacts on the places that offer them. They only seem to attract race to
by blisterpeanuts 11y ago
>> Totally fine for California. I'm deeply convinced that tax incentives have negative impacts on the places that offer them. They only seem to attract race to the bottom businesses.
Negative how? It's not a choice between a company that pays full taxes and a company that gets a tax break. It's a choice between a plant or an empty patch of desert.
It's not just the plant, either. It's all the ancillary business activity that comes with a billion dollar plant: construction, real estate, raw materials, transportation, food services, advertising, janitorial, office supplies, security, legal services, etc.
All those employees will spend money, too: houses, clothing, food, furniture, entertainment, insurance, cars....
I don't understand why people oppose investment incentives unless they're wealthy enough to not need the additional prosperity.
If I were running a state (or the whole country for that matter), I'd be encouraging business investment like crazy. It's the ticket to prosperity. The Asians get it. Seems like we in the West no longer get it.