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There is no 'stand strong' when the federal system encourages competition. Maybe that's a good thing. But specifically not with regards to state subsidies. Th
by LightBug1 3y ago
There is no 'stand strong' when the federal system encourages competition.
Maybe that's a good thing. But specifically not with regards to state subsidies.
They shouldn't be competed away at the demands of business, but used with purpose.
Subsidies (or anything which quacks like a subsidy) should be regulated so this nonsense doesn't happen.
- munk-a 3y agoI agree entirely - these sorts of subsidies can be extremely effective at uplifting job markets by, as an example, attracting a large company to build a manufacturing plant in a specific rural area that recently lost their main employer... To NYC even something as large as HQ2 is just a drop in the employment bucket.
- paxys 3y agoYup. It's crazy that you can be a business operating in a certain jurisdiction and following all the rules and the government can just decide (based on backroom deals) that your biggest competitor now needs to pay no taxes. Literally legalized corruption. At minimum all such policies need to apply uniformly across the board.
- SrslyJosh 3y ago> Subsidies (or anything which quacks like a subsidy) should be regulated so this nonsense doesn't happen. 1000x this. Every news story about these subsidies eventually becomes "we gave BigCorp a $5 billion tax break and they opened a facility that employs 50 people."