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So no, not all cities or municipalities cow tow to large corporations when it comes to handing out tax breaks or incentives.
Earlier quoted context omitted.
Capitalism doesn't really work unless it can fight on equal footing with the state. If the state can just clamp down however it wants on private enterprise, then eventually all private enterprise becomes state enterprise. See China. And there are US states with 0 income tax. And countries with very low income tax. Russia has 13% income tax, the state gets most of its income from its fascinating system of tributary ta…
The state’s role is to enable the level of capitalism it desires. Capitalism doesn’t compete against the state, as the state can always control it.
The state is often heavily intertwined with industry, through massive regulation and, too often, good old-fashioned corruption. If the state thinks it can get away with nationalizing a vital industry concern, it will without a pause. Usually though it can't because it knows that bureaucrats make horrible managers.
I'm not sure that I would stick around Atlanta if Amazon puts its HQ here. The property values will skyrocket, and I haven't bought in here yet. The civic angle is interesting though, will pressure groups succeed in reining back the usual massive concessions that local governments usually grant corporate behemoths? Or will it be business as usual where the giant tosses a few shiny wampum beads to the locals while des…
That doesn't make much sense to me.
This article is about politics, therefore it should be removed from the front page.
B. There's no current requirement that posts on the front page be apolitical.
I'm not sure that I would stick around Atlanta if Amazon puts its HQ here. The property values will skyrocket, and I haven't bought in here yet. The civic angle is interesting though, will pressure groups succeed in reining back the usual massive concessions that local governments usually grant corporate behemoths? Or will it be business as usual where the giant tosses a few shiny wampum beads to the locals while des…
"I won't be able to profit in the most obvious way possible, so I will leave." That doesn't make much sense to me.
My father has property here so I'm sure he'll be fine.
Capitalism is way out of control. No corporation should be able to strong arm the government to get out of taxes. At least not until I can pit states against each other to get out of my income tax.
Capitalism doesn't really work unless it can fight on equal footing with the state. If the state can just clamp down however it wants on private enterprise, then eventually all private enterprise becomes state enterprise. See China. And there are US states with 0 income tax. And countries with very low income tax. Russia has 13% income tax, the state gets most of its income from its fascinating system of tributary ta…
Have a look at Europe, there's fully privatised states, and some that might be regarded wrongly, from an American point of view, as socialist, yet still actually capitalist in economic philosophy.
I'm not sure that I would stick around Atlanta if Amazon puts its HQ here. The property values will skyrocket, and I haven't bought in here yet. The civic angle is interesting though, will pressure groups succeed in reining back the usual massive concessions that local governments usually grant corporate behemoths? Or will it be business as usual where the giant tosses a few shiny wampum beads to the locals while des…
I'm not sure that I would stick around Atlanta if Amazon puts its HQ here. The property values will skyrocket, and I haven't bought in here yet. The civic angle is interesting though, will pressure groups succeed in reining back the usual massive concessions that local governments usually grant corporate behemoths? Or will it be business as usual where the giant tosses a few shiny wampum beads to the locals while des…
"I won't be able to profit in the most obvious way possible, so I will leave." That doesn't make much sense to me.
Honestly, I think it should be illegal for a city or state to negotiate a tax break with a specific company. Sure, they can cut taxes across the board if they want, but everyone should get the same deal. I'm even for banning "backdoor" tax breaks that effectively only benefit one or two companies and were clearly targeted at them (I'm thinking of the Delta aviation fuel tax break, as an example), or sweetheart deals…
Its interesting to note I've worked at two companies who were attempting to lure cities into giving them tax breaks for building larger campuses, or other structures. Both times since they didn't get their tax breaks, they dumped the projects. So no, not all cities or municipalities cow tow to large corporations when it comes to handing out tax breaks or incentives.