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The thing is, once somebody starts offering incentives, then everybody has to because anyone who doesn't get's left behind so after the dust settles everything
by cwmma 8y ago
The thing is, once somebody starts offering incentives, then everybody has to because anyone who doesn't get's left behind so after the dust settles everything is the same except everybody now collects a lot less taxes, it's a classic prisoner's dilemma.
- dsfyu404ed 8y agoThis is only a bad thing if you assume that tax dollars in the government's pocket benefit society more than those dollars in the bank accounts of private individuals. I think that assumption is far to generous to the efficiency of government, especially in the US. IMO having Amazon in paying half as many taxes in Buffalo is probably a lot better for NY state than them paying full taxes in NY.
- cwmma 8y ago> This is only a bad thing if you assume that tax dollars in the government's pocket benefit society more than those dollars in the bank accounts of private individuals. I think that assumption is far to generous to the efficiency of government, especially in the US. That makes the assumption that the government won't just raise taxes for everyone else and simply move the money from private citizens bank account to Amazon's bank account. > IMO having Amazon in paying half as many taxes in Buffalo is probably a lot better for NY state than them paying full taxes in NY[C]. (I'm assuming you dropped a C at the end of that sentence) In practice NYC just drops it down to 1/4 of the taxes and Amazon moves back to NYC and everything is the same as before accept they got out of paying 75% of their taxes. This exact thing happened in Kansas City where KS and MI both used tax breaks to lure companies across the state line.
- deleted 8y ago[deleted]