Quote:
Originally Posted by haertig
Most every large city offers tax advantages to large corporations considering relocating there. It's quite standard. That doesn't mean you have to like it, but it's what's happening these days. If a city wants a large business to consider them as a location, they're just going to have to offer tax incentives in most every case. Like it or not.
The same way football players can demand millions of dollars per year.
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My point is that bribing a corporation to come to a city is supposed to benefit the residents of that city. Modern day corporate bribes end up hurting the average resident and small business owner, by raising taxes that the corporation is exempted from paying. So the bribe benefits a few key players (developers, for one) while harming the average citizen. And, by what I've seen, housing prices are extremely high in NY, what happens to housing prices when you bring 25,000 more people to work in the center of the city?
Not only do I NOT have to like it, I can also oppose it (to the best of my ability anyhow). About 25 years ago they tried this same thing with Micron Technology in Twin Falls, Idaho. Tax incentives. "Look at the benefits," they (mostly the Chamber of Commerce and Realtors) said. "Look at the cost," we said. "What happens if something this huge ups and leaves?" Besides, housing was already tight. Finally the local opposition caused Micron to move elsewhere, to Utah, where the factory was shuttered before it was ever opened. I think ten years later, Intel and Micron went together and finally opened it. Meanwhile a lot of people in a small community got hurt.