In my home state it is common practice up front done by Mayors and City Councils to waive property tax to draw new business already . I live in a state where 20 percent of the people still work in Mnfg.Originally Posted by Zippyjuan
Do something Danke
"The Patriarch"
Tax breaks ARE NOT financial aid.
Furthermore companies are not evil, government is.
It's obvious which of the two you would rather see enriched by the working man.
That's a good thing; all companies should ask for and be give the same tax breaks. If every company got the same incentives, there's no picking winners and losers, right?
But that's the complete opposite of what's going on here.
^^^this
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
taxing the competition while giving tax breaks to your personal preferred cronies IS crony capitalism
that's the issue here, not "tax breaks" to an industry; an economic zone; etc. but "tax breaks to specific preferred parties"
the government should not be picking winners and losers
Last edited by presence; 12-01-2016 at 09:16 AM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Crony capitalism - WikipediaCrony capitalism is a term describing an economy in which
success in business depends on close relationships between business people and government officials.
It may be exhibited by favoritism in the distribution of legal permits,
government grants, special tax breaks,
or other forms of state interventionism.
The agreement reportedly includes $700,000 in state tax breaks offered by the Indiana Economic Development Corporation, a quasi-public entity that doesn't require legislative approval for its deals.
http://www.politico.com/story/2016/11/indiana-carrier-deal-federal-contracts-trump-232021
“For market-based economists or analysts, this is really a version of crony capitalism, and it’s the kind of thing you really don’t want to get into or have government get into,” Barfield said. “This gets back to who … actually has the ear of the government. So you get the situation where decisions are not made in terms of their economic sense, but in terms of gaming the political system.”
He said he thinks the choice is driven by concerns from Carrier’s parent company, United Technologies, that it could lose a portion of its roughly
$6.7 billion in federal contracts.
Last edited by presence; 12-01-2016 at 09:20 AM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
^^^^^^^^^ This is true and honest, statements I can agree with. ^^^^^^
Aid or welfare, gifts or bailouts are all disingenuous language and are verbiage that is dishonest at its core.
So are statements that try to compare tax cuts to free $#@!..
The goal of any person or business should be to keep their money out of governments hands.
From Zero Hedge:
As Fortune reports, citing a source close to the company, Trump called Greg Hayes, CEO of Carrier’s parent company United Technologies, two weeks ago and asked him to rethink the decision to close the Carrier plant in Indiana. Hayes explained that the jobs were lower-wage and had high turnover, and the move was necessary to keep the plant competitive, according to the source. He said the plan would save the company $65 million a year.
Trump then replied that those savings would be dwarfed by the savings UTC would enjoy from corporate tax-rate reductions he planned to put in place. During the recent campaign, Trump threatened to slap tariffs on Carrier imports from Mexico.
So what were the "incentives"? In the end, UTC agreed to retain approximately 800 manufacturing jobs at the Indiana plant that had been slated to move to Mexico, as well as another 300 engineering and headquarters jobs. In return, the company will get roughly $700,000 a year for a period of years in state tax incentives. Still, some 1,300 jobs will still go to Mexico, which includes 600 Carrier employees, plus 700 workers from UTEC Controls in Huntington, Ind.
In summary, the "math" works out to $636 per year per job saved in tax savings: hardly an egregious sum, and one which could likely be extended to other companies (unless, of course, those other companies decide to hold Trump hostage and demand escalating pay schedules) if and when Trump's fiscal stimulus package is implemented. It remains to be seen if the popular response, outside of conservative groups, will interpret this trade off as taxpayer funded "moral hazard."
Carrier will receive their own funds back from the state, while Trump will reduce the corporate rate for everyone.
http://www.indystar.com/story/news/p...deal/94670496/Federal access likely biggest factor in Carrier deal
Carrier Corp.'s decision to keep hundreds of jobs in Indianapolis had more to do with access to the federal government than state incentives, sources familiar with the deal told IndyStar.
Carrier is maintaining its Indianapolis operations largely because of the business interests of its parent company, United Technologies Corp., said John Mutz, an Indiana Economic Development Corp. board member. The IEDC awards state incentives, primarily training grants and tax credits.
Mutz, who was briefed on the state's offer to Carrier, said United Technologies "wants to make sure they maintain a favorable relationship" with the incoming Trump administration.
"This is an enormous company with all kinds of subsidiaries that do government work, and I am sure they want to keep it," Mutz said.
...
“I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul
How can ANYONE who supports Trump, think that him injecting himself into the middle of what should be left to the market is a good thing? Do you want a President that assumes the power to pick winners and losers, to meddle in the free market, to..... ah well. I answered my own question. You DO want an authoritarian.
-Major General Smedley Butler, USMC,There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
Two-Time Congressional Medal of Honor Winner
Author of, War is a Racket!
- Diogenes of SinopeIt is not that I am mad, it is only that my head is different from yours.
Can state taxes be characterized as the 'marketplace'? This was Carrier's revenue, no? Anytime tax input is diminished, it's a win. And look for this trend to continue at the federal level.
“I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul
Mexicans not happy.
http://truthfeed.com/breaking-mexico...ecision/39044/
All this publicity is a boon for Carrier.
No support of liberty is.
Trump is on fire right now at his presentation in Indiana. He says they need to cut the corporate tax rate down to 15% from 35%. He also said that 53 federal regulations implemented over the last 6 years have cut into Carrier's productivity. The regulatory burden is far too taxing for American businesses.
http://www.militaryindustrialcomplex...20TechnologiesThere are a total of (176) military contracts listed for United Technologies in the MiC database. Only those contracts with a value of $6.5 million USD or greater are reported by the U.S. DoD. * Indicates a "small business" classification per the US DoD. ** indicates a "small disadvantaged business" per the U.S. DoD. NOTE: the U.S. DoD only publicly reports contracts valued at $6.5 million USD or greater.
Contracts are listed by awarded date descending.
Total: $23,399,831,678
Contractor: United Technologies Corporation, Pratt and Whitney Military Engines
Department: Navy
Awarded: 11/8/2016
United Technologies Corp., Pratt & Whitney Military Engines, East Hartford, Connecticut, is being awarded a $167,502,348 fixed-price-incentive-firm target advance acquisition contract for long lead components, parts and materials associated with the low-rate initial production Lot XI of 48 F135-PW-100 propulsion systems for the Air Force; 14 F135-PW-600 propulsion systems for the Marine Corps; and 4 F135-PW-100 propulsion systems for the Navy. In addition, this contract provides for the long lead components, parts and materials associated with 41 F135-PW-100 and 3 F135-PW-600 propulsion systems for international partners and foreign military sales customers. Work will be performed in East Hartford, Connecticut (67 percent); Indianapolis, Indiana (26.5 percent); and Bristol, United Kingdom (6.5 percent), and is expected to be completed by May 2019. Fiscal 2016 aircraft procurement (Navy/Marine Corps and Air Force); international partner; and foreign military sales funding in the amount of $167,502,348 are being obligated at time of award, none of which will expire at the end of the current fiscal year. This contract combines purchases for the Air Force ($56,053,376; 33 percent); the Navy/Marine Corps ($45,257,275; 27 percent); international partners ($38,307,357; 23 percent); and foreign military sales ($27,884,340; 17 percent). This contract was not competitively procured pursuant to 10 U.S. Code 2304(c)(1). The Naval Air Systems Command, Patuxent River, Maryland is the contracting activity (N00019-17-C-0020).
...
“I don’t think that there will be any curtailing of Donald Trump as president,” he said. "He controls the media, he controls the sentiment [and] he controls everybody. He’s the one who will resort to executive orders more so than [President] Obama ever used them." - Ron Paul
As many have pointed out, this is not a long-term solution. If it isn't automated engineering, its going to be the fact that labor is so cheap in other parts of the world. That is just the fact of different standings of living.
If I were Trump, I'd notice that there are many job openings for highly-skilled workers. The market can't find those workers domestically, and often, not even abroad. Let the government set up some kind of training programs so that we can transition workers to these new fields.
Pay for each job? Tax cuts give people and businesses THEIR money back. The state doesn't "pay" for it. Just because it's Trump, don't assign something negative that is actually a positive.
..
Last edited by presence; 12-01-2016 at 03:27 PM.
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
really?
smdh
thats all this is about; cozy relationships between politicians and their elite entourage of regulatory capture buddies"wants to make sure they maintain a favorable relationship"
/end thread
'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988
Awareness is the Root of Liberation Revolution is Action upon Revelation
'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3
Flectere si nequeo superos, Acheronta movebo.
...the familiar ritual of institutional self-absolution...
...for protecting them, by mock trial, from punishment...
Hopefully, this is a beginning of a dialogue.
https://www.youtube.com/watch?v=drfD...=youtu.be&t=1m
Posting Permissions
Reply With Quote
Connect With Us