Tax breaks are better than subsidies, but they should occur across the board creating incentives for all companies to stay.
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The big difference is Carrier produces the 7 million w/ tax breaks. Its not forcibly taken from some1 else and given to them.
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No. Notion that there's a difference is an economic fallacy. A targeted tax break is not really a tax break; it's a subsidy.
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its a market adv against their competitors but better for tax payers who don't foot the bill.Taxpayers ddnt labor to produce it
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Maybe thats a moral argument. The corporate rate should be 0 so the market is an even playing field.
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Subsidies are given to many unprofitable companies who wouldn't pay taxes. Tax breaks can only go to productive companies.
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@WSJ States cut these deals often - SC for auto and airplane industry, GA for movie production - hope more tax $ in than out -
Central planning is bad economics. Broken window fallacy to ignore opportunity cost of broad-based tax cut that didn't happen.
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I love Bastiat work more than anyone, but does NOT remotely apply here - reducing taxes is a good thing, not central planning
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Unfortunately, you are ignoring Bastiat (and opportunity cost) in your analysis. And arbitrary government is central planning.
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1-I didn't really ignore that, & agree w you 100% if the cut or subsidy is deal specific-reported details have been vague
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it's called the Art of the Deal, Justin. You should try making a deal for once, zealot.
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No, it's a fucking payoff. American tax dollars directly into a corporation's bottom line.
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Lol. The art of the deal led to multiple bankruptcies and the inability to borrow money in the U.S.
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@WSJ Look! Every American company is leaving America now unless Trump gives them free stuff!!! -
You mean like all the free stuff the govt gives
#Dem welfare voters? votes bought and paid for and still lost! -
Exactly! You don't really mind the giving as long as it's the big guys getting it.
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nope, I think the govt should learn to live on WAY LESS of everyone's money & lazy moochers should get a job!
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@robdelaney $7,000 tax break per job is a good public investment. No-brainer for any responsible politician. -
it's an investment in jobs that want be their in 5-10 years
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A job only needs to be around for a couple of years to earn back $7,000 in tax benefits for the state.
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and then they send the jobs to Mexico or phase them out and replace them with automation.
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job creation should be on a long term plan not short term.
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Don’t think there’s a way to keep those jobs long-term. And just to be clear, Trump is an ass and this is a PR stunt.
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lol agree
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