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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
by 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 agoYou 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.