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Intel signed an agreement with Hillsboro, Oregon to pay zero taxes for 30 years. It's a little crass for them to go hat-in-hand to the federal government.
by SavantIdiot 5y ago
Intel signed an agreement with Hillsboro, Oregon to pay zero taxes for 30 years. It's a little crass for them to go hat-in-hand to the federal government.
- AnthonyMouse 5y agoThe problem works like this. If you have an industry somewhere, all else equal, it will stay there. Costs money to move. A foreign country (e.g. China) wants the industry to come there, so they provide subsidies. The industry moves, because hey, subsidies. Now the industry is there. Do you want them to come back? The alternative to counter-subsidies is tariffs on countries that provide subsidies, but then people whinge about that too.
- SavantIdiot 5y agoHow much do we give them before drawing a line? Surely it isn't everything they ask for, and realistically it isn't zero. Look at Connecticut. They gave GE everything they wanted, and their state coffers suffered, and then GE left anyway, and now they are really screwed. Or look at how much Foxconn made off with in Wisconsin. But some people whinge when anyone claims corporations should follow even the smallest accountability or regulation.
- landemva 5y agoTariffs would also be useful to penalize sending manufacturing environmental damage 'over there'. It is not just cheap labor which drove manufacturing offshore, but also cheap disposal of toxins.