4 ms·
while we're at it why stop at employee subsidies. Why do giant corps get any tax breaks or subsidies?
by sharemywin 8y ago
while we're at it why stop at employee subsidies. Why do giant corps get any tax breaks or subsidies?
- whatshisface 8y agoSeparating "why" and "why should," multinationals get subsidies and tax breaks because they negotiate with governments, have leverage, and can "walk away." (to another country)
- sharemywin 8y agoMaybe we should adopt something like this. https://en.wikipedia.org/wiki/Google_tax https://en.wikipedia.org/wiki/Google_tax
- sharemywin 8y agoAlso, maybe US patents(and other intellectual property) should be taxed regardless of where the corp is that owns them.
- Analemma_ 8y agoYou are actually onto something: it's a fairly common belief among economists that all subsidies and tax deductions should be eliminated. This probably isn't politically feasible at the moment though, so for now we have to take small victories where we can get them, like getting rid of the most obviously stupid and regressive subsidies.
- sharemywin 8y agoI'm starting to think a nation sales tax were the rate is based on the revenue of the company would be helpful in companies getting too big and powerful.
- r00fus 8y agoIt's a win-win for politicians and corporations. Everyone else loses. What's in it for the participating corporation? Well, money. For the politician, it can be one or more of the following: Fulfilling campaign promises (ie, "I brought jobs here"), legal money (ie, corporation pays into campaign PAC), or illicit money (which usually requires some laundering using casinos, real-estate or cryto to secretly fund).
- sharemywin 8y agoPeople do get jobs, but it does end up being a race to the bottom.