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originally posted by: vonclod
a reply to: OccamsRazor04
I just dont dig corporate welfare, thats just how it feels to me.
In the end NY makes $24 billion over the next 30 years. Under what crazy logic is that bad?
originally posted by: vonclod
a reply to: OccamsRazor04
In the end NY makes $24 billion over the next 30 years. Under what crazy logic is that bad?
Maybe it is beneficial in the end..still don't like corporate welfare.
It's just a principal to me..and many others here..unless AOC is involved. JM2C
I have to go, or I would carry on the conversation.
Peace
originally posted by: vonclod
a reply to: OccamsRazor04
I just dont dig corporate welfare, thats just how it feels to me.
Maybe one day I can be a billionaire and say I’m going to move part of my company somewhere, then pocket all kinds of taxpayer money before saying “Sorry!”, changed my mind.
originally posted by: OccamsRazor04
It allows them to move in and soften the blow of the initial investment it takes to do so and everyone wins in the end. It's good business. There are plenty of cases of terrible corporate welfare decisions, Walmart has been the beneficiary of many of them.
In the end NY makes $24 billion over the next 30 years. Under what crazy logic is that bad?
originally posted by: Edumakated
originally posted by: vonclod
a reply to: OccamsRazor04
I just dont dig corporate welfare, thats just how it feels to me.
There is a difference between corporate welfare and trying to entice a company that would benefit your district...
The problem is that whether leftist want to admit it or not, taxes discourage production and business. In a competitive landscape when a company or people can just move to lower cost areas, the only way for many of these cities to attract business is by reducing the tax burden.
For a company such as Amazon, despite the high revenues, it has very low margins. This means tax policy alone can determine profit and loss for many companies.
This becomes even more acute since many jobs can now be performed anywhere. Companies are far less likely to be loyal to a particular industry hub when they can easily do the job in a different lower cost city.
Cities with high taxes are at a severe disadvantage. This is why all these companies are moving south... nashville, charlotte, atlanta, florida, texas.
originally posted by: strongfp
a reply to: OccamsRazor04
Not everyone in queens is making that much money. You srent grasping the bigger picture are you?