If you give the corporations tax breaks to come in, then I have to make up for it. So my taxes will inevitably go up. SO if they are going to go up, at least ENSURE that all jobs created are nothing less than high paying. A job that pays $10 per hour should NEVER BE CONSIDERED A JOB. Then again if I'm paid $10 per hour I'm going to barely work so to speak.
How so?...Does your business receive an additional tax levy in direct proportion to a tax break given another?
Again, the wage paid is not relative to anything but the prevailing market wage.
Obviously( and you of all people should know this) you are in a unique situation. According to you, your business has reached a level of success where you can pay above market wages and offer benefits that few other companies can offer.
You cannot expect that your business is a measuring stick for all others.
Most small business operate on low profit margins and many actually operate at a loss.
In order for a business to pay the kind of wages you believe are the minimum it either needs to turn a very high net profit or must be flush with cash or capital reserves.
My argument with tax breaks for business is that often the business projects a certain volume which relates directly to the number of jobs promised. In many instances, those numbers never materialize.
Two examples. Chiquita was lured away from it's long time base in Cincinnati to Charlotte, NC.
North Carolina, famous for offering heavy tax incentives to lure business, offered Chiquita a large tax break. Chiquita promised 400 jobs would come to Charlotte. What the company di not state that at least half of those jobs would be offered to existing employees who will transfer from Ohio. In my opinion, NC should have made it clear that those 400 jobs should come form local talent.
Dell Computers....They were given a $200 million tax incentive over 20 years to build a computer factory near Greensboro, NC...The offer was for up to 1,500 jobs. Three years later, only 900 people were hired. Last year the company shut the plant down stating the economy led to a slowdown in demand. The company still retains the tax breaks. That is on the politicians who agreed to this.
Here's another example of how the feet of company management's feet are not held to the fire to make good on promises of jobs when receiving tax breaks.
Red flag rises over Malta - Times Union