Skip to main content

View Diary: That Sucking Sound? It's The 73 Billion-Dollar Corporate Robbery of The States (97 comments)

Comment Preferences

  •  This is one hell of an argument... (1+ / 0-)
    Recommended by:
    ask
    •  Do the math (0+ / 0-)

      If all private employers leave your area, all money, jobs, playgrounds, schools, public services, etc dry up and blow away, even at "0% tax".

      That fact tells you exactly who is ultimately paying all those costs.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Thu Mar 20, 2014 at 02:13:09 PM PDT

      [ Parent ]

      •  Is it realistic that all private employers will (3+ / 0-)
        Recommended by:
        ask, JayRaye, Tonedevil

        leave the area? Lol.  You realize the private employers are in my area to sell good and services to me so that they can make money. Its a symbiotic relationship, they didn't land from space or heaven.  

        Your view is wayyy out there.  People work and pay taxes on the profits they make.  The company is also suppose to pay taxes on their profits. No one, even in their most conservative dreamland, disputes that. That is how the system is set up. The company doesn't get to take credit for the taxes the employees pay.  What you're advocating isn't even conservative politics, its some weird sort of feudalism.  I think I heard Tywin Lanister say something similar on Game of Thrones.  "The Lannister's have sacrificed enough! 3,000 of our men died on the battlefield..."

        •  Re (1+ / 0-)
          Recommended by:
          coffeetalk
          leave the area? Lol.  You realize the private employers are in my area to sell good and services to me so that they can make money. Its a symbiotic relationship, they didn't land from space or heaven.  
          No they aren't. All the grocery stores, McDonalds, retail, etc all subsist off the same activity that your public parks, schools, etc do.

          Export activity runs the whole show. Mining, manufacturing, designing, growing, tourism, etc. THAT activity runs the whole show. Any store you walk into that sells you something isn't likely one of these things.

          Your view is wayyy out there.  People work and pay taxes on the profits they make.  The company is also suppose to pay taxes on their profits. No one, even in their most conservative dreamland, disputes that.
          Except that lots of places don't agree with you as is the subject of this diary. A lot of localities realize that biting the hand that feeds you is not a good strategy.

          Besides; corporate officers, CEOs, shareholders, all of them pay taxes on their individual gains as well. Why tax corporate profits when they are already being taxed anyway via these mechanisms?

          Being competitive and attracting business is the name of the game. It's how the world works.

          (-5.50,-6.67): Left Libertarian
          Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

          by Sparhawk on Thu Mar 20, 2014 at 02:41:22 PM PDT

          [ Parent ]

          •  And those places have shitty education systems, (2+ / 0-)
            Recommended by:
            JayRaye, Tonedevil

            crappy environmental protections, and a host of persons in poverty. Its funny how republican economic politics leads to higher poverty rates, failing infrastructure and a general race to the bottom.  

            BTW, when has someone stopped mining for taxes? Manufacturing - in what chinese province are you referring? I don't know what designing and growing are... But please, continue...  One day our workers will have the same protections they have in China.  Than we will really be able to compete!

            The race to the bottom is doing America wonders.  Just look around you!  All the happy faces!

            •  States, localities, and individuals... (2+ / 0-)
              Recommended by:
              coffeetalk, VClib

              ...must be competitive. That's how it works. No one owes you, your town, or your state anything. It's all about what you can offer.

              (-5.50,-6.67): Left Libertarian
              Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

              by Sparhawk on Thu Mar 20, 2014 at 03:38:39 PM PDT

              [ Parent ]

            •  What do you expect a business to do? (5+ / 0-)
              Recommended by:
              Sparhawk, VClib, erush1345, nextstep, Kasoru

              Let me give you an analogy. Let's say you need to buy a car.  You generally have an idea of what you want and need, so you go to three or four car lots, look at what they have, compare prices, etc., and make a decision based on what's best for you -- where you get the most "bang for your buck," or -- in many cases -- which one offers you the best price. You might negotiate with two or three dealerships, to see what is the best deal you can get from each dealership.  And it's a big purchase, so price is generally important.  You don't say, "That dealer offers a bigger commission to his employees, so I'll buy at that dealership  even if it costs me substantially more for the same car that I can get cheaper elsewhere, and even though the terms are not as good for me.  

              That's EXACTLY what a business does when it decides where to locate anything from a factory to its corporate headquarters.  It weighs everything and makes the decision that is best for its business -- and the best financial situation plays a big role in that.  So if a business thinks the financial benefit of locating in State A outweighs whatever else State B is offering, it will go to State A.  

              I'm not sure what else you think a for-profit business is supposed to do BUT act in whatever way -- legally -- that maximizes profits.  That's the whole point of its existence.  

              •  Your comment has nothing to do with mine (0+ / 0-)

                I don't expect shit from these companies.  I never will.  What I expect is for people to fight against the companies attempts to structure the tax code in their favor.  Your endless apologia for these companies is ridiculous.  You're the same person who argued we shouldn't raise the minimum wage.  Now you want to act like you're on the side of the workers, WE JUST HAVE TO GET ORGANIZED. BS.

                The policies these companies advocate ultimately end up hurting the locations that attract them.  I don't expect Boeing to do anything but act in their interest.  I don't expect McDonald's to do anything but advocate for the lowest wages possible. I just want to wake up more workers so we start to act in OUR interest.  

                •  Wrong. (0+ / 0-)
                  You're the same person who argued we shouldn't raise the minimum wage.  
                  if you look, I've said repeatedly I think the minimum wage needs to be raised to the $9 - $10 area.

                  And if you blame companies for being bad actors, you ought to be able to say what you think they should be doing differently.  Which is why my comment has everything to do with yours.  If you can't come up with anything they should do differently, they aren't the bad actors.  The ones who enable them to act in their own best interests are the ones that the blame goes to.  

            •  burlydee - public companies have a fiduciary (1+ / 0-)
              Recommended by:
              erush1345

              duty to maximize long term shareholder value. Part of that in minimizing worldwide tax liabilities. It's up to our politicians to structure tax codes to generate the revenues necessary to fund government services. It is not the responsibility of companies or individuals to pay more taxes than legally required. Individuals and corporations have a legal obligation to pay taxes owed based on the current tax codes, and not a penny more.

              If communities have poor schools and lax regulations, blame the politicians.

              "let's talk about that"

              by VClib on Thu Mar 20, 2014 at 07:43:44 PM PDT

              [ Parent ]

              •  No shit (1+ / 0-)
                Recommended by:
                VClib
                It's up to our politicians to structure tax codes to generate the revenues necessary to fund government services.
                But you and coffeetalk want to act as if those politicians are acting in a vacuum.  As if these companies aren't doing everything they can to get the laws written exactly as they want them.  I'm just recognizing the companies are applying political pressure against our interest.  Damn.  
                •  burlydee - of course they are (0+ / 0-)

                  And they have every right to lobby politicians to change the tax and other laws to be more favorable to their interests. It's out job to rally the other side to create equity in the tax laws and regulations. And sometimes we win. Mitt Romney would have been a much more pro business President than Barack Obama.

                  "let's talk about that"

                  by VClib on Fri Mar 21, 2014 at 08:43:15 AM PDT

                  [ Parent ]

          •  BTW one of the reasons we tax corporate profits (1+ / 0-)
            Recommended by:
            JayRaye

            is b/c the corporation is suppose to be a legal entity on to its own.  That is why when you sue McDonald's the CEO doesn't pay the tab out of his own pockets.  The corporation also retains profits from year to year to fund growth.  That way you don't have to go to the shareholders for cash each time you want to expand.  It also facilitates stock and company movement.  

            If Corporations don't want to be double taxed there are lot of business forms they could take - LLC, propietorships, etc. that do not come with the double taxation consequence.  But obviously the corporate form is too lucrative a form to choose a more "friendly" tax model.  

            •  burlydee - it's not more lucrative (0+ / 0-)

              but once you reach any real scale it is the only business structure that actually works. You can't have thousands of partners or other pass through owners, plus add to that the nightmare a public company with thousands of shareholders. That's why all the listed stocks are C corporations.

              "let's talk about that"

              by VClib on Thu Mar 20, 2014 at 08:04:31 PM PDT

              [ Parent ]

Subscribe or Donate to support Daily Kos.

  • Recommended (151)
  • Community (59)
  • Baltimore (38)
  • Civil Rights (37)
  • Bernie Sanders (33)
  • Elections (29)
  • Culture (29)
  • Economy (27)
  • Law (25)
  • Texas (23)
  • Rescued (21)
  • 2016 (21)
  • Environment (19)
  • Labor (19)
  • Hillary Clinton (18)
  • Education (18)
  • Freddie Gray (17)
  • Politics (17)
  • Racism (17)
  • Barack Obama (16)
  • Click here for the mobile view of the site