What about these gifts to Toyota
On Dec 13, 10:38 pm, News > wrote:
> Hachiroku ハチロク wrote:
> > On Sat, 13 Dec 2008 19:32:49 -0500, News wrote:
>
> >>Hachiroku ハチロク wrote:
>
> >>>On Sat, 13 Dec 2008 17:59:34 -0500, Tim wrote:
>
> >>>>Hachiroku ハチロク wrote:
>
> >>>>>On Fri, 12 Dec 2008 16:10:18 -0500, Tim wrote:
>
> >>>>>>I don't think this is a loan, is it? It is giving Toyota the money to
> >>>>>>pay these workers wages for 7 or 8 years, from the taxpayer and workers
> >>>>>>themselves. This is what has to stop.
>
> >>>>>It's called getting the manufacturer into your area. See, they aren't
> >>>>>dumb. They know that 4,000 underemployed people put more of a drain on the
> >>>>>system than giving the manufacturer a tax break. it works well because
> >>>>>instead of having 4,000 people making minimum wage, paying taxes at the
> >>>>>minimum wage rate, and often asking for assistance such as fuel assistance
> >>>>>or Food Stamps, you now have 4,000 people paying IN taxes at a higher rate.
> >>>>>While they may not be making as much as if they had 4,000 people paying
> >>>>>higher taxes AND a corporation paying taxes, they are still coming out
> >>>>>ahead.
>
> >>>>>This is where 'trickle-down' works. Now you have 4,000 people with REAL
> >>>>>wages and more disposable income, so more people are going to open shops
> >>>>>in the area, and again the 'lost' taxes are more than compensated.
>
> >>>>>So, they didn't really give anything away. They're probably laughing their
> >>>>>asses off at Detroit.
>
> >>>>So you pay $250,000.00 per job? So you use taxes to pay the wages from
> >>>>which taxes are then deducted.
> >>>>You must be an economist.
>
> >>>They aren't 'paying' anything. They have given Toyota tax breaks for
> >>>moving the factory into the town.
>
> >>>In the long run, it makes economic sense. Like I said, 4-6,000 people
> >>>*working* is a lot better than 4-6,000 people NOT working, or making
> >>>minimum wage.
>
> >>>The tax incentive will run out, and then the factory will be paying taxes.
>
> >>>The town is coming out ahead.
>
> >>Yeah, just setting up a race to the bottom.
>
> >>Ask Indianapolis how their big maintenance hangar deal worked out.
>
> > Only problem is, Toyota makes a *profit*.
>
> > YEah, setting up a company that operates at a loss is pretty stupid,
> > isn't it?
>
> Profit or loss is not the issue.
>
> The issue is municipalities issuing incentives to steal other
> municipalities' businesses and tax revenues.
>
> Not even a zero sum game, a race to the bottom.
The rightwingnuts can't comprehend anything beyond rightwingnut
rhetoric.
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