Gainzo

Corporations once again give a big middle finger to Government incentives. It would be great to get rid of incentives but when 50 separate entities (States) are competing against each other that will never work. Not to mention other Country's.

Fidelity is closing down the Malborough facility because Rhode Island is giving them a better deal than they had in MA.

It is a viscous cycle.

1). Give Corporation X tax incentives.
2). Watch Corporation X funnel that money into their bottom line to boost SHV.
3). See Corporation X move to another State or Country based on the bottom line.
4). Rinse and repeat

Evergreen Solar does not plan to give back $20m in incentives

chicowalker

If a government is going to give a company financial incentives, it's on the pols to make sure they write the contracts so as to properly achieve their goals.

Gainzo

Sad but true for our tax dollars. Has any State done this?

patsfan13

Get rid of corp taxes and 'incentives', handouts, tax breaks, subsidies, and all the rest.

When a state or country is a difficult place to do business businesses leave.


This article from T Sowell expands on the point and includes the migration of productive people away from lib dominated states to low tax states.

http://www.investors.com/NewsAndAnal...tm?src=SeeAlso

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Nikolai

So...

Tax the corps and they run. Throw money at them and they horde it. Damned if you do and damned if you don't then, eh?

__________________
We get what we deserve.

------------------
“On a day when they could have had impact players David Terrell or Koren Robinson..they took Georgia defensive tackle Richard Seymour, who had 1 sacks last season in the pass-happy SEC and is too tall to play tackle at 6-6 and too slow to play defensive end. This genius move was followed by trading out of a spot where they could have gotten the last decent receiver in Robert Ferguson and settled for tackle Matt Light, who will not help any time soon.”

chicowalker

Bingo. Although, not surprisingly, you fail to point out that while pubbies are all for cutting taxes, they're big on incentives, subsidies and other corporate welfare.


Not much of an article, as it is remarkably devoid of facts or figures. More of a commentary / opinion column.

chicowalker

That's why the pols should do neither. Make it easy to run a business. Keep regs in place for safety, pollution, etc., but eliminate more of the red tape.

When pols try to get greedy or clever, they lose. The former because companies have options (and are more greedy ). The latter because the companies are smarter and have smarter lawyers.

Real World

See, I don't think any specific industry or business should get an individualized break. Either you lower taxes and regs for all businesses, or you don't. Giving Chico Corp a break while Gainzo Industries is stuck paying the full price seems unfair to me. I've been on both sides of this issue and it's changed my mind of what I once used to think was good policy.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Mrs.PatsFanInVa

Yep....that's why it's on the EDITORIAL PAGE, something 13 seems to have trouble understanding sometimes.

patsfan13

I agree with this post!

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."