subfever
Posts: 2895
Joined: 5/22/2004 Status: offline
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quote:
ORIGINAL: tj444 quote:
ORIGINAL: subfever How absurd, that we continue to tolerate this system. imo you cant simply say its all bad.. you have to take each program and application on its own merits.. for instance.. I know someone that works for a non-profit and part of his job is to apply for govt grants.. without the grants and tax free status the employees of the non-profit would not exist, the tax they pay on their income, on their home, on their consumption/purchasing would be lost.. and those low-income clients the non-profit serves would also lose since to get the equivalent in the market likely would cost them more $$$.. another example is (from the link/study info).. companies that build in some cities/counties can apply for property tax abatements (for up to 10 years, on a graduated basis, only if they meet program requirements).. example- Allied Electronics built a distribution center in Ft Worth, TX and created 300 jobs, 275 retained jobs so for a certain time period the company pays lower property taxes.. also when buildings are built you get a large $$$ injection for construction material purchasing & the local spinoff benefits from that.. Imo, the cost of the tax abatement is outweighed by the creation of jobs & money spent locally (by the company).. the City of Ft Worth thinks thats a good investment/trade-off.. so do I.. That said, I don't agree with much of the corporate subsidies & Sylondra type govt handouts.. especially to the hugest corps.. but I don't think its all bad, some are actually good imo.. From my perspective, the system is deeply flawed. Of course, we can always argue that there are both good and bad in most things... even to a stretch. For example, was Hitler all bad? Or, was the Holocaust all bad? After all, there must have been at least some rotten-to-the-core, dirty, no good scumbags that were exterminated along with the good.
< Message edited by subfever -- 2/26/2014 4:37:19 PM >
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