I’m a U.S. taxpayer and I worry about state and federal incentives for private companies.
Those “ incentives” keep private companies in business
They are taxes not levied and regulations not imposed
If you consider that money out of your pocket you are beyond help
Private businesses don’t hire people if they’re out of business
So then You the taxpayer get to provide food stamps and welfare to unemployed people in blighted communities with few businesses and fewer jobs - check out Detroit Michigan and Charlestown WV and thousands of other towns and cities with shuttered business facilities and ask the people if they are worried about business growth incentives
If you want tax money , then get people working and paying taxes again
Right now 94 million are not
And you worry about tax incentives to private businesses?
Do you own one?
It's been reported that Carrier got $700,000 a year in tax breaks. I don't know for how many years. That's $700 per employee. What do you think the cost to Indiana and her taxpayers would be for unemployment and other handouts in the event that these 1000 folks all lost their jobs?
States and municipalities have been offering tax incentives to companies to move in or stay put since roughly forever. And it makes sense to do so. The state gets MUCH more from a booming economy than they would from a busted economy and an idle work force.
You do what you gotta do. You see the big picture. Upstate SC and Gov. Haley have brought a lot of manufacturing jobs to the area. I’m sure they gave concessions but a lot of people have good jobs with benefits. The area is growing and that brings more jobs.
Isn’t cutting corportate tax and regulations an okay thing to you?
What's with the statist mentality? Seriously, this is how many of the left thinks about protecting their precious over-bloated ever-controlling government.
If governments at all levels hadn't gotten so large, over-bloated, massive debt-ridden, over the last 40 to 50 years, that has put a very bad negative squeeze on the private sector, these so called "incentives" would not be needed.
It sucks but I have run in to even conservatives that just can't let go of the statist mentality this leftist culture has tried to indoctrinate us for the last 50 to 100 years.
CGato
IOW, not taxing them like they shouldn't have been doing in the first place?
If the government hadn't over reached itself and over taxed them, then there wouldn't need to be what some call *incentives*.
But the government gets greedy and taxes something as a way to get quick cash and they kill the industry.
Do you remember what happened to the yacht making business?
Some Einstein thought it would be a great source of income to tax yachts and the whole US industry dried up almost immediately. Someone else is just making the money now.
Calling the government backing off from taxing someone an *incentive* is disingenuous.
IOW, not taxing them like they shouldn't have been doing in the first place?
If the government hadn't over reached itself and over taxed them, then there wouldn't need to be what some call *incentives*.
But the government gets greedy and taxes something as a way to get quick cash and they kill the industry.
Do you remember what happened to the yacht making business?
Some Einstein thought it would be a great source of income to tax yachts and the whole US industry dried up almost immediately. Someone else is just making the money now.
Calling the government backing off from taxing someone an *incentive* is disingenuous because it gives the impression that the government is giving someone something they don't deserve and causing people to feel indebted or in gratitude to them. That the government has the right to tax you and you should feel indebted to it when it doesn't.
It's like feeling indebted to a burglar for NOT beating you up when he robs you as if he had a right to it and forfeited that right.