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... by investing in places deemed in need of investment, thereby providing jobs and skills and tax base (property, services, income taxes, unemployment taxes, g

... by investing in places deemed in need of investment, thereby providing jobs and skills and tax base (property, services, income taxes, unemployment taxes, growth in surrounding infrastructure)...... When an investor gets a billion dollar return, remember that is the value from a company that likely provides billions more to local economies.

HWR_14 4y ago
> When an investor gets a billion dollar return, remember that is the value from a company that likely provides billions more to local economies. I have no idea why that would be true, especially if it's an online business where highly paid people go to a campus and don't leave until it's time to drive home.
- ChrisLomont 4y ago
  All Forbes 400 are billion dollar businesses. A tiny, tiny fraction are the type you describe. What makes you think most businesses are your cherry picked type? I see no evidence they constitute any more than a miniscule number of such companies. Want a bigger list? Here's several thousand billion dollar companies: https://companiesmarketcap.com/ https://companiesmarketcap.com/ How many don't pay local property, income, unemployment, and other taxes? Not every new company is an online mythical virtual company. When someone presents reasonable evidence, if your first reaction is to latch onto outliers and pretend they're common, you should check your biases versus reality.
  - deleted 4y ago
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  - HWR_14 4y ago
    The Forbes 400 are people (the 400 richest). You are thinking about the Fortune 100/500. We're on a site about tech startups, reading an article about tax avoidance by a tech startup and many people on the board are saying they want to do that tax avoidance. I don't think I have to worry that I cherry picked the type of company as a tech startup. > How many don't pay local property, income, unemployment, and other taxes? Well, we're only talking about the founders/investors paying taxes (cause this is referencing their capital gains). So, the founders wouldn't pay local property (in the low-income district they commute to) or unemployment taxes at all, and the vast majority of their income comes from capital gains, which this is avoiding, so yeah, they don't really pay that either.
    - ChrisLomont 4y ago
      The tax breaks in question are not specific to your goal post moving subset of tech startups. The founder tax breaks are offered because they bring the benefits I mentioned to the areas specified in the tax breaks. Furthermore, you're replying to my comment that companies pay significant local taxes. So yes, if you ignore all other benefits companies bring to the region, ignore the purpose and benefits of those breaks, ignore the comment you're replying to, and ignore that most companies using these tax breaks don't fit your claims, then yes, you can be correct for goalpost moving post selected cherry picking. Congrats.

HWR_14 4y ago

> When an investor gets a billion dollar return, remember that is the value from a company that likely provides billions more to local economies. I have no idea why that would be true, especially if it's an online business where highly paid people go to a campus and don't leave until it's time to drive home.

ChrisLomont 4y ago
All Forbes 400 are billion dollar businesses. A tiny, tiny fraction are the type you describe. What makes you think most businesses are your cherry picked type? I see no evidence they constitute any more than a miniscule number of such companies. Want a bigger list? Here's several thousand billion dollar companies: https://companiesmarketcap.com/ https://companiesmarketcap.com/ How many don't pay local property, income, unemployment, and other taxes? Not every new company is an online mythical virtual company. When someone presents reasonable evidence, if your first reaction is to latch onto outliers and pretend they're common, you should check your biases versus reality.
- deleted 4y ago
  [deleted]
- HWR_14 4y ago
  The Forbes 400 are people (the 400 richest). You are thinking about the Fortune 100/500. We're on a site about tech startups, reading an article about tax avoidance by a tech startup and many people on the board are saying they want to do that tax avoidance. I don't think I have to worry that I cherry picked the type of company as a tech startup. > How many don't pay local property, income, unemployment, and other taxes? Well, we're only talking about the founders/investors paying taxes (cause this is referencing their capital gains). So, the founders wouldn't pay local property (in the low-income district they commute to) or unemployment taxes at all, and the vast majority of their income comes from capital gains, which this is avoiding, so yeah, they don't really pay that either.
  - ChrisLomont 4y ago
    The tax breaks in question are not specific to your goal post moving subset of tech startups. The founder tax breaks are offered because they bring the benefits I mentioned to the areas specified in the tax breaks. Furthermore, you're replying to my comment that companies pay significant local taxes. So yes, if you ignore all other benefits companies bring to the region, ignore the purpose and benefits of those breaks, ignore the comment you're replying to, and ignore that most companies using these tax breaks don't fit your claims, then yes, you can be correct for goalpost moving post selected cherry picking. Congrats.