Discussion in 'Politics' started by Brain357, Sep 7, 2018.
Maybe he needs to start out slower, like Economics For Dummies!
They also have to answer the public when it comes to spending, taxation and debt. If they didn't think it would benefit the public, they sure as hell wouldn't do it.
No, not at all.
I open up a widget factory. My city tax is 15%. You want to move here and expand your tire factory, and you get a sweetheart deal from the city at 7%. How is that fucking me? I'm still paying 15% whether you are here or not. And if I'm unhappy about that, I can find a city or state that offers lower taxes than I'm paying. If my city wants to keep me, they will lower my taxes too. If they don't want to give me that deal, than obviously they are not benefitting from my widget factory nearly as much as your tire factory.
You don’t seem to be familiar with politicians. They do shady shit all the time. You seen the federal debt?
For decades, politicians of both parties have touted the glories of massive tax-break deals. Whether it’s a governor announcing an auto assembly plant or a mayor breaking ground for a new mall, they invariably take credit for the jobs and claim that tax breaks did the trick.
But the costs of such deals and the programs that bankroll them have seldom been fully disclosed. The details are usually buried in different state, county, and city agencies. And of course, the costs are suffered by taxpayers over decades, long after the politicians win their re-election.
Taxpayers in Canton, Mississippi, for example, were shocked to learn that the Nissan assembly plant they thought cost $295 million in subsidies actually cost $1.3 billion. The smaller figure they remembered from a long-ago special vote by the state legislature. But $1 billion more was revealed in local records, where long-term property tax abatements were impoverishing schools, and in an obscure state program in which Nissan workers were actually paying taxes to the company.
Disclosing the Costs of Corporate Welfare
That's on the national level, and people have been voting for Republicans the last ten years partly because of it. However state and city debt have more of an impact; you see the decline of services right away and tax increases that usually follow.
You really live in a fantasy land. Seems no amount of facts will bring you to reality.
If you want markets to come back to normal, then abolish all these social programs
Why would you abolish all, and why would that bring markets to normal?
If no city or state gave these crony corporations special tax treatment, then no city or state would lose a business due to other states dishing out the swag.
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