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So this is what we've devolved to: ultra-rich tech overlords competing with each other for government handouts. Things are fixing to get interesting if Bernie
by aguyfromnb 7y ago
So this is what we've devolved to: ultra-rich tech overlords competing with each other for government handouts.
Things are fixing to get interesting if Bernie gets the nomination...
- Nicksil 7y ago>ultra-rich tech overlords competing with each other for government handouts. Mate, I reckon we met that goal long ago.
- chrisco255 7y agoTax incentives are different than handouts. At any rate, it's certainly nothing new and you could attribute this sort of thing as playing a part in the United States's economic success.
- TheOperator 7y agoTax incentives are where entrenched power get to take from the collective social good while not pitching in. How are they not handouts? It's like taking food from the lunch lady and paying half the price because your dad is rich. States fighting amongst themselves to give the most generous handouts doesn't ensure national success. Perhaps that makes sense in regards to national tax incentives but not state ones. Spinning getting divided and conquered and screwed into offering an unfair tax deal just to get Amazon in your state as the key to economic success is some trickle down shit. Why not have solidarity amongst states and tax Amazon fairly? Instead of having to shoot yourself in the foot economically years down the line when you have to adopt costly self-destructive measures to reverse the economic inequality you entrenched for no good actual reason?
- chrisco255 7y agoI grew up in Florida. Disney transformed central Florida from a rural agricultural economy to a thriving tourist destination in the 60s thanks to economic incentives which included exemptions for state building codes. Yes, Walt Disney World has its own building codes. Almost 60 years later and Orlando is thriving. I think the fact that tax and regulatory incentives work so well should underscore the importance of keeping taxation and regulation to the minimum necessary. When taxes are high and regulations are too stringent, it can choke an economy.
- duxup 7y agoTax incentives seem to extend far beyond "tech overlords" and for much longer than "tech overlords" existed.
- toolz 7y agoWhat seems more likely. Bezos scheming in his loft or someone being hired just to take full advantage of anything that could benefit the company? This is just the result of someone doing their job. Of you don't like the handout your issue is with the government. Not someone doing their job.
- paxys 7y agoIf you look at "incentives" handed out to farming or energy sectors, tech overloads pale in comparison.
- peteretep 7y ago> Things are fixing to get interesting if Bernie gets the nomination... As always, Bernie’s plan appears to be “You bet I’ll do it!” and Warren’s plan is “Here is a carefully considered plan for it”. Having watched the Corbyn fiasco unfold, I really hope the Democrats manage to pick someone other than Sanders.