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The Federal government does the same and much of it is for similar reasons, should it be prevented from doing so? We have many examples at all levels of compani
by Shivetya 11y ago
The Federal government does the same and much of it is for similar reasons, should it be prevented from doing so? We have many examples at all levels of companies donating to political campaigns to get returns.
I don't mind states competing with each other to bring in jobs. Such competition can cause some states to not make bad budgetary decisions that drive business out as well as trap their population in undesirable areas. Business and personal mobility is what makes the country stronger economically. They are betting on a return of investment which is better use of money that making financial promises to agencies which produce no money but instead incur long terms costs. Those deals are usually purely to prop up the political fortune of local politicians. They lead to upside down budgets and long term debts that force higher taxes putting them at a competitive disadvantage for new jobs and drive professionals out.
- protomyth 11y ago> The Federal government does the same and much of it is for similar reasons, should it be prevented from doing so? Yes, a hundred times yes. This is one of the biggest problems with our tax law and allows politicians, under the guise of promoting businesses and jobs, of bribing people and companies. One law for all. Competing can be done without alterations in tax law to bribe companies. Its a straight up cash bribe and nothing more honorable. All of these deals are made with other people's money. Its bad enough we have status seeking politicians trying to attract sports teams. I look at the absolute bull that FX companies deal with and see all the problems of allowing government bribes.