Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
- 2,290
You are a good socialist.Your Amazon example is a great reason not to give corporate welfare. First they have billions, they don't need tax dollars. Second it sounds like the location was empty. The market would drastically lower the price of that location the longer it sits empty. I assume you not only gave a handout to Amazon, but also bailed out whoever's bad investment it was? This must have been distribution so there was a limited area Amazon would even consider. They wouldn't put OH distribution in TX now would they?So without the offer they would have gone there? If they went there because of the offer, government is dictating where they go. If they would have gone there without an offer then it's a waste of tax dollars.How is government dictating where they should go? They made an offer, and Foxconn accepts the offer or refuses it. Nobody is forcing anybody to do anything.
No, I think you meant to say "without they offer, they "wouldn't" have gone there."
That is correct, they probably wouldn't have.
For instance, Amazon decided to buy a run down, closed down mall over here. They got a nice abatement offer from the city; actually two cities because they took over two vacant malls. In any case, that's really all they had to offer. We border Lake Erie, and the snow here is unbearable sometimes. There are times when everything is closed down because of snow storms. The streets are impassible.
How can we compete with states like Florida, Texas, the Carolinas, and other preferred climates? We can't. So we need to level the playing field.
Tax abatements do that because we can then compete with better climate states; that and we have fresh water over here.
So Amazon took these malls that were generating 0 dollars. They are building state-of-the-art facilities and providing hundreds of jobs. They still pay taxes, just not as much as other places. However, the employees will be paying local and state taxes; new taxes for everybody.
People here are delighted with the decision. The ramifications for other businesses such as packaging companies, restaurants, transportation, hotels, and other businesses benefit as well.
Nobody is forcing (or dictating) where Amazon should build. It's was still their choice.
Actually it was the largest mall in the entire country when it was built. People would come from every state in the union for the experience. Of course this was back in the 70s when I was a teen.
Yes, the longer you leave it sit there, the lower the value which means the lower the tax revenue. That’s why it’s important to give it to somebody before it becomes worthless.
It’s not a matter if Amazon needs the break or not, it’s a matter if we need them to build here or not. We need them much more than they need us. So you make the best offer you can to attract them.
Sent from my iPad using USMessageBoard.com
As the value goes down a company will move in without being a moocher. The market works. You are wasting tax dollars.
How are you wasting tax dollars when there is a net gain? You are missing an opportunity for new tax dollars if you do nothing.
It’s not Socialism because the founders structured the country so that a state can do whatever the like providing it’s not in violation of the US Constitution. Just like the Massholes have state healthcare and Colorado has legalized pot. It’s their state and their money.
Sent from my iPad using USMessageBoard.com