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Lowering taxes only works if you can combine it with something else that will keep the companies in place afterwards, such as a critical mass of specialized wor
by mgbmtl 9y ago
Lowering taxes only works if you can combine it with something else that will keep the companies in place afterwards, such as a critical mass of specialized workers, infrastructure, etc. Otherwise it's just playing the downward-spiral game in a saturated market.
The federal government should create a 10-year plan to subsidize PR and fix its economy/democracy from the ground up. If you look at Eastern Europe, it takes a long time. One specific hack won't fix this, that's magical thinking, and usually from corrupted politicians turfing their funders.
- dmix 9y ago> that's magical thinking, and usually from corrupted politicians turfing their funders. Subsidization is the game that corrupt politicians love. Not so much lowering taxes (and therefore their power to choose the beneficiaries among their friends/special interests). Unless of course the tax reduction is via a myriad of specialized loopholes and deductions, then it could be directed at a chosen few.
- emodendroket 9y agoSpending money and cutting taxes are essentially equivalent, though.
- emodendroket 9y agoWell, nevertheless, the exodus of the pharmaceutical industry was a disaster. I agree that something more serious is needed but obviously the federal government is more concerned with making sure a handful of well-placed people can profit handsomely off their high-risk investments in Puerto Rican bonds.