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Tax 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
by TheOperator 7y ago
Tax 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.