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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (607491)	4/12/2011 11:48:25 PM
From: tejek	Read Replies (1) \| Respond to of 1580342

Lower taxes isn't good enough. Of course not, but the targeted tax breaks your supporting against my opposition (at least your saying they are necessary, and if their necessary, then they should be done, so your supporting them happening even if you don't like them on principle) are also tax breaks. I am saying they are necessary because that's how some communities grow......by poaching companies from other cities. And in that competitive environment, lower tax rates won't do the trick. Its American capitalism at work. Other factors have to exist besides favorable taxation, but a low tax burden helps, and a generally low tax burden is better than giving out special favors to some that others don't get, or making people or companies jump through hoops to get some reduction in their tax burden. Simpler generally low taxes reduced the distortion of tax and the incentives to put efforts in to rent seeking rather than work and investment in something that's productive. We go around and around on this issue. Go back to the definition of an ideologue. You expect the world to operate in what you consider to be an ideal fashion. It doesn't work that way. It's called reality. If instead you start out with high taxes, but give a bunch of tax breaks, then you get a mad scramble to compete for the tax breaks, creating more corruption, more distortions and problems in the economy, and diverting effort away from actual useful work and investment. You keep saying "you".....I didn't create this environment...capitalism did. And the competition has gotten worse and worse over time and no one puts a stop to it. The OK City residents paid an arm and leg to get Seattle's NBA team. In addition to building a new arena in OK City and a franchise fee to the NBA, they had to pay for the rest of the Seattle contract and the rent due for the arena up here. Its a total rip off....but apparently the residents of OK City are happy....they think they are in the big leagues now. Most of this poaching is done by communities where the electorate is not that sophisticated. but studies looking in to the question seem to show that most of the burden is put on the customers or workers. Indirectly. A consumer can opt out if they can't afford the product. Your going to opt out of buying any product manufactured by a corporation? Good look with that. That's why boycotts have very little effect on corporations......its why the consumer has very little sway over corporations.