Posted on 12/03/2016 3:23:37 AM PST by JediJones
I am ecstatic for Carrier employees! Their bosses just decided to keep shop onshore. What a relief for hundreds of workers. Merry Christmas Indiana!
We don't yet know terms of the public/private deal that was cut to make the company stay, but let's hope every business is equally incentivized to keep Americans working in America.
Foundational to our exceptional nation's sacred private property rights, a business must have freedom to locate where it wishes. In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency's sake, then the market's invisible hand punishes. Thankfully, that same hand rewards, based on good business decisions.
But this time-tested truth assumes we're operating on a level playing field.
When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people's free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail...
Reaganites learned it is POLICY change that changes economic trajectory...We need Reaganites in the new Administration.
However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes...schools...churches...businesses...
But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn't the answer. Cajole only chosen ones on Main St or Wall St and watch lines stretch from Washington to Alaska full of businesses threatening to bail unless taxpayers pony up...
(Excerpt) Read more at youngcons.com ...
So the tax you pay in California is the same as the tax paid in Texas. I see
She doesn’t quite get the trade and currency manipulation games that other countries are playing. That is what is sucking everything out, not ‘efficiency’
The tax break comes from Indiana. Trump said it was about getting rid of certain regulations he never heard of before....that is something he can take of without asking congress and that made the deal
Uh, no. But all businesses in California pay the same in-state taxes, as do all businesses in Texas, though the rates paid and what gets taxed may be vastly different. That is what "equal protection under the law" means in a federal republic.
Trying to turn the taxation system into a "handicapping system" for specific businesses is one of the things that has turned taxation into a gigantic complex mess.
My own preference is flat rates.
If the taxpayers of the state do not object then what business is it of yours? It’s their money, their state, and their business. If they didn’t like it they would change things at the ballot box, and if it couldn’t be changed you could always move to a state that did things your way.
Because the Constitution says there are certain things the states may not do in interstate relations. It is the same reason that an interstate internet sales tax isn't allowed unless a multi-state company has a physical presence in the taxing state. The Founding Fathers understood why. You apparently do not. I'll trust their judgment over yours any day.
What is interstate about Indiana offering an incentive to an Indiana employer? I think you are the one who doesn’t get it. Whatever is not write not directly in the Constitution is left to the states or the people. Again, if you don’t live in Indiana it’s none of your business and if you do you have two choices, help to pass a law to change it or move to another state that agrees with you
Because it is offered only to one specific business....that makes it a bribe. If Indiana offers identical treatment to other Indiana businesses or even other Indiana companies in the same business, it would be legit. But it isn't.
So do you live in Indiana?
No, but the Constitution applies to where I live AND in Indiana. Bribes to specific companies fail on two different Constitutional issues...1) equal protection under the law, and 2) unfair interstate commerce. The first applies if the specific company is domiciled in the state offering the bribe. The second applies if the specific company is domiciled in another state.
What happens within Indiana is NONE of your business. Who are you Bernie Sanders?
Sorry, dude...but that idea was rejected definitively back around 1860, and reaffirmed many times since. On certain questions, what happens in Indiana "is" my business. The Constitution sets out what those are.
Really, and what does the US Constitution have to say about how Indiana utilizes the state taxes, I must have missed that part.
See "..regulate interstate commerce..." and court decisions on same. And yes, actions taken completely in one state "can" impact interstate commerce, and is so held by Supreme Court decision.
We've already covered that subject. You're starting to repeat yourself.
“Interstate commerce crosses state lines and is within the federal government’s authority to regulate if it chooses. Intrastate commerce is conducted within a state’s borders - state law applies, unless a preemptive federal law applies”
Again, what business is it of yours what Indiana does with Indiana state taxes?
Nice unsourced quote...hence meaningless.
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