Give it 5mins and they will be in here arguing for their corporate overloads. They’ll say we need to remain competitive, they’ll say we need to encourage new industries.. they will say anything but tax the rich.
They get to that number by just ignoring the Treasury numbers because… reasons I guess?
Either way, it’s a flawed premise because they’re just comparing tax break $$ less $$ invested. Which doesn’t really mean anything because you don’t seek investment $$ for the $$ themselves, but rather for the knock-on effects of an invested dollar – multi-year revenues driving multi-year tax revenues, jobs / employment, development of new skills / technology, operational and investment spend in local industry, etc.
That said, I don’t know why these people aren’t up in arms over other forms of industry protectionism. They all have similar costs to the economy.
Pure wealth extraction, from public services to private pockets.
It’s like having a farm with no crop rotation. We’ve spent decades extracting the nutrients and now the soil’s dead.
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Is it gonna be beneficial long term?
Gee, I wonder why
Give it 5mins and they will be in here arguing for their corporate overloads. They’ll say we need to remain competitive, they’ll say we need to encourage new industries.. they will say anything but tax the rich.
They get to that number by just ignoring the Treasury numbers because… reasons I guess?
Either way, it’s a flawed premise because they’re just comparing tax break $$ less $$ invested. Which doesn’t really mean anything because you don’t seek investment $$ for the $$ themselves, but rather for the knock-on effects of an invested dollar – multi-year revenues driving multi-year tax revenues, jobs / employment, development of new skills / technology, operational and investment spend in local industry, etc.
That said, I don’t know why these people aren’t up in arms over other forms of industry protectionism. They all have similar costs to the economy.
Pure wealth extraction, from public services to private pockets.
It’s like having a farm with no crop rotation. We’ve spent decades extracting the nutrients and now the soil’s dead.