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View Diary: Corporations get billions from cities and states but they often don't keep their end of the bargain (135 comments)

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  •  Why do they need a tax break at all? (14+ / 0-)

    Who pays you to live where you live?   Freaking corporate welfare anyway you slice it.   The money MI Governor Granholm gave away to bring jobs to MI during the great recession belongs in the banksters' column.  So does the loan given to GM.    GM along with millions of others were coping with their debt until the bankster created Great Recession came along and sunk everyone.  

    We truly need an FDR to take these corporations on.  Want to leave?  Go, and take the fiscal cliff route while you are at it.    Simple global rule:  make it where you sell it or pay to bring it in.    I've had quite enough of the assholes and crooks that are leading this country.

    If money is speech, then speech must be money.

    by dkmich on Mon Dec 03, 2012 at 04:15:11 AM PST

    [ Parent ]

    •  If Costco, Walmart, Home Depot and Lowes (4+ / 0-)

      have such wonderful business models, why do they need  extorsion money wherever they build?  Why should they get  advantages over local businesses they displace?

      Sure they make jobs, but they suck jobs out of local stores too.  What's the net?  How many local hardware stores have Home Depot and Lowes closed?  

      It just doesn't make sense.

      There otta be a law preventing anyone (from cities & local districts to the federal level) giving financial preferences to anyone.

      Even Democrats can be asses. Look at Rahm Emanuel.

      by Helpless on Mon Dec 03, 2012 at 09:03:28 AM PST

      [ Parent ]

    •  Or, if you give them any kind of tax break (0+ / 0-)

      It's contingent on the locality having higher tax revenue.

      Give them a year to get started, and after that if there's no increase in tax revenue, they no longer get a tax break.

      No company is going to move somewhere, spend all that money, for a year. Unless they were going to do it anyway.

      And no incentives. I understand improving infrastructure, but that often improves things for everybody. EXCEPT where the infrastructure is specific for that industry, I don't mind those types of upgrades.

      But no incentive for a sports stadium, or anything that's specifically for THAT industry. If it's something that improves infrastructure for everybody (electrical grid upgrades, water/sewer upgrades, better roads, etc.) that's OK. But not things that are only useful if that particular company stays around.

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