Monday, January 30, 2012

Is this a reasonable idea?

While watching Morning Joe interview John Kasich, the Governor (and corporate pit bull) said we have to lower taxes for corporations (the old broken record, if you know what a record is). He cited as an example when American Greetings left it's long time location in one Ohio city for another over tax breaks offered by the new city. He said that is the key (tax breaks) to a successful economy. I thought, that's not fair at all, after decades of accommodating AG in Brooklyn they left them high and dry over a tax break.

So once again the faces of the people are obscured and it comes down to saving a few percent in taxes.

My thought is we a competing to cut our own throats, a race to the bottom per se'. If there was a State minimum tax this wouldn't have happened. We are forcing communities to sell at a loss more or less. If the tax rate was 20% throughout Ohio and even the country we wouldn't see this throat cutting.

Some would argue the companies would leave the country. I say fine, we are not in business to lose money. And yes, operating a city is a business. Why do we make it more an more difficult for each other? If the taxes were universal then the town would sell itself on it's own merits. Is that not the definition of a free market? I know most people will find something wrong with this idea but it's time to stop the downward spiral of operating capitol for our cities. They are hurting worse than most of the companies we give breaks to. Enough of the free rides, everyone pay their fair share or leave the country is my attitude. And if I hear "job creators" one more time I'm going to puke. Companies open for one reason, to make themselves fat, providing jobs for the community doesn't even cross their minds. So what do you think?Is this a reasonable idea?
I think for the most part you are correct, and I'm equally tired of hearing wealthy people referred to a job creators, when some of them do nothing more than clip coupons and collect interest on money their grandfathers earned.

Whats really sad though is that the new locations brag for a while, then realize they have to provide support in terms of roads and police and fire protection for the new company only to see those layouts for increased cops and fire equipment come out of their population, and then the company, which has no ties to the new area, just leaves when those tax breaks expire.

When people get wise things will change, but we don't engage in much long term thinking.

Wal Mart was famous for doing that, and when the tax breaks expired, moving down the road, leaving an empty building and lost jobs. Corporations aren't concerned with people.Is this a reasonable idea?
Move to DetroitIs this a reasonable idea?
Not, it is too bad.
Yes it is reasonable but Kaisch is basking in the Ohio deal that has cut some of its deficit. He never answered Buchanan's question of if he thought the party should take Eric Cantors point of view or not or side with McConnell. Corporations will be our enemies if we let them make profits off American tax payers and not hire said taxpayers !

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