Look....... I work for a small company of less than a dozen employees including myself. I talk with my employer all the time about business. He told me he had all kinds of tax breaks for the first seven years he had his business. There is no giving tax breaks to larger businesses than smaller businesses. If anything, just the opposite. Our company competes with the big boys every single day, and we are doing just fine.
Since I work with industry every single day, I'm quite aware of the advantages larger businesses have over smaller ones. It has nothing to do with government.
As a musician, I remember the days of big music stores. They were locally owned and built up to their size. But along came places like Guitar Centers and put them out of business. Why? Because Guitar Centers open up their outlets with over a million dollars in musical instruments. No local dealer could compete with them. Think of that. Over a million dollars of musical instruments under one roof! Because of their ability to purchase high quality instruments in quantity, they were able to out price every single local store in the Cleveland area and I'm sure across most of the country.
No giving tax breaks to larger businesses? Where the hell have you been for the last, I don't know, 30 years?
Billions in tax breaks offered to Amazon for second headquarters
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Billions in tax breaks offered to Amazon for second headquarters"
Didn't happen huh? Your boss didn't tell you about it, so you don't know about it, so it simply didn't happen.
Are you talking about local tax breaks or federal? I was talking about federal. There are no controls over what a state or city offers in tax breaks. It's all fair game and fair competition. In fact, our neighboring suburb just got an Amazon contract. There is another one about 20 miles from here as well.
Tax abatements are used to attract businesses. And who is competing with Amazon anyway? It doesn't matter if there is an Amazon next door to you or 500 miles away. Any internet business is killing small and large brick and mortar stores alike.
Oh, oh, oh, right, I forgot you were talking only about federal because.... well because you didn't ******* mention that. How silly of me to forget.
I'm talking about TAXES here Ray. I know you did it last time with the whole "rich people pay loads of INCOME TAX (and let's ignore all the other taxes)."
We're talking about ALL TAXES that a company has to pay. Why? Because that's the ONLY THING that makes sense when discussing how businesses are doing.
Excuse me. I just assumed you were talking about federal taxes since that is the theme of this thread.
As for local taxes, there is nothing anybody can do about that because small businesses don't bring in the tax revenue that large businesses bring in. We are a nation of states--not a nation of the federal government. Therefore states are free to do as they wish without interference or control by the feds.
If your state is giving breaks to big businesses to lure them in, then vote those representatives out. Tell them you don't want new businesses in your state. Tell them that you want the state to try and survive on mom and pop shop taxes and not companies that hire thousands of citizens for jobs.
Our state will be glad to take any new businesses you don't want. In fact we will welcome them with open arms. We will give them tax abatements, pave old roads, make new roads if need be. So send those businesses our way and you can remain in your one horse town.
No, small businesses don't bring in the tax that large businesses bring in. But that's not the point. The point is that if you have 10 small companies, they'll bring in more tax than one large corporation, even when the 10 combined have the same income as the one large corporation.
The large corporations are playing the system and screwing everyone over. It's pretty clear and it's pretty simple.
The EU has banned such a thing from happening because they know just how bad it is.
The problem is Ray, if the representatives are not bringing the jobs in, then people won't vote them in. This is the problem, the system encourages corruption. Until the system changes, then the corruption will go on.
Do you understand why I support a change in the system.
You said yourself "choice is freedom" and the political system doesn't offer choice. You have reps and dems. If the reps and dems don't pay the bribes, then what? Why should bribery and corruption be LEGITIMIZED?
That's the whole point, one state will be happy to bribe a company if another state isn't willing to bribe that company.
So you get Amazon, or Google or whoever else in your state, you don't earn money from them but you get jobs. The jobs look good for the state govt and the politicians and their careers go higher BY SPENDING YOUR MONEY so rich people don't pay taxes.
What would be ideal would be that a state or city can set taxes at a certain rate and everyone pays those taxes fairly. This is what the EU has done, and it's neutralized the power of large corporations, like Google, to buy the govt. This is exactly what happened in Ireland, it's it benefits the EU. The US is just a ******* whore selling its ass to the highest bidder.