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It is immoral to have a longer term vision than a corporation? North Carolina gets the economic proceeds after 40 years and until Apple ceases to exist. Also, t

It is immoral to have a longer term vision than a corporation? North Carolina gets the economic proceeds after 40 years and until Apple ceases to exist. Also, this particular way of doing things aligns Apple's promise for employment numbers because they don't get the kickback without the employees and high salaries. Sure, it might seem that the employees are paying their employer, but the nature of taxes is that you can't equivocate taxes one to one even if they are set up like that. Suppose the government came up with an appropriate tax credits for Apple that replicates/approximates this agreement. The flow is still employees -> state -> Apple. In my opinion, this is much more transparent and simpler to implement than negotiating a bespoke agreement. Personally, I think this is a great job by the state of North Carolina and now would consider moving there as the government seems like they have some aptitude.

fallingfrog 5y ago
But pretty soon every state has to do this to retain their businesses, and the net result is that the stockholder benefits and the middle class picks up the tab. Someone has to pay those taxes you know. Edit: you’re right! Working class is the more correct terminology. It is a labor vs capital conflict in the end.
- dragonwriter 5y ago
  > But pretty soon every state has to do this to retain their businesses, and the net result is that the stockholder benefits and the middle class picks up the tab. The working class, really. If you aren’t dependent on your capital as much (in broad terms) as your labor for support, you are in the proletariat no matter how well paid and educated you are, not the petit bourgeoisie.
- hervature 5y ago
  You say that with so much certainty. It is very expensive for a company to just get up and leave. Especially how Apple likes to get their IP so closely guarded, I can't imagine them to not balk at potentially thousands going across the street. Can you point to any example in history where a company moved an entire office out of spite of the state not willing to give them tax breaks after having a presence for 40 years? I'm sure you can't point to an example where it has happened twice.

fallingfrog 5y ago

But pretty soon every state has to do this to retain their businesses, and the net result is that the stockholder benefits and the middle class picks up the tab. Someone has to pay those taxes you know. Edit: you’re right! Working class is the more correct terminology. It is a labor vs capital conflict in the end.

dragonwriter 5y ago
> But pretty soon every state has to do this to retain their businesses, and the net result is that the stockholder benefits and the middle class picks up the tab. The working class, really. If you aren’t dependent on your capital as much (in broad terms) as your labor for support, you are in the proletariat no matter how well paid and educated you are, not the petit bourgeoisie.
hervature 5y ago
You say that with so much certainty. It is very expensive for a company to just get up and leave. Especially how Apple likes to get their IP so closely guarded, I can't imagine them to not balk at potentially thousands going across the street. Can you point to any example in history where a company moved an entire office out of spite of the state not willing to give them tax breaks after having a presence for 40 years? I'm sure you can't point to an example where it has happened twice.