Apple was founded and is based in a union state and as far as I know they have no desire to relocate to aright to work (without pay) state for those are known to attract only second class talent.
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Apple Expressing Frustration as Tax Incentives for Austin Expansion Remain in Limbo
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Apple was founded and is based in a union state and as far as I know they have no desire to relocate to aright to work (without pay) state for those are known to attract only second class talent.
Choice: Be grateful and get jobs. Be ungrateful and not get jobs. Seven cities are in line to get the deal, six of which are in another country.
The government frequently says, lay down and pay a fine or, go to court and roll the dice.
The former paragraph is far more constitutional than the latter.
Rocketman
Proposed policy modification: "So long as this government has a tax and spend policy and continues to run deficits causing annual monetary and buying power destruction, to the pain of its own citizens and us, we elect to bias our business activities overseas. Starting today our domestic US operations will be owned overseas in tax friendly regions and we will operate them accordingly."
The government will then have a choice of its own. Deficit and roll the dice.
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California is in poor shape as a state (referendum process locks down revenue streams), but they send out more funds than they receive back.
There is something fundamentally wrong with many americans - especially the republicans. They love their constitution but hate the government failing to realize that the two are inseparable. The main goal of the constitution is to define how the government gets elected and how it operates. Americans first elect the government and then treat it as a hunta. Corporations are not humans. They can't hold government a hostage. Those perverted thoughts of yours belong to spcific individuals, usually republicans, who in perverted way think they are "great americans".
Interesting anarchist argument. And personal attack.
My take on my words is keep your government on a short leash, and give it feedback when it is doing something objectionable. We do live in a Republic after all. We have to communicate with our representatives to get results and voting alone is too crude.
Corporations could use a serious legal and priority downgrade as compared to natural persons.
Rocketman
Usually you make better posts than this, even if I don't always agree with them. Buying power has been headed in a poor direction for a long time, and many things have contributed to this including the wars and bad banking policies over the past two decades. They aren't the sole problem, but the scope of their impact makes it more difficult to interpret the rest of the data.
At some point we will have to drastically cut things like defense budgets, cut subsidies, cut services, and maintain taxes. It won't be pretty. Anyway the problems we're facing didn't start within the last few years.
If that is the case you voted a moron for a mayor. Tax breaks should be a discount for business, not a loss leader for local goverment.
Na... I work for a fortune 500 company... I don't deal with the financial side though. It just sounds wrong.Really? Sound a little jealous to me?
Austin is in the best shape economically out of all of the cities in the country right now but they're not dumb enough to pass on 3200 jobs being added to the area.
Evidence it is largely this administration's policies:
http://www.currencywarsbook.com/201...g-committees-subcommittee-on-economic-policy/
Also:
http://www.newsmax.com/BradleyBlakeman/U-Seconomy-velocity-money/2012/03/02/id/431249
http://historysquared.com/2012/04/1...in-etns-money-velocity-changes-like-the-wind/
http://youcreatemoney.com/16-money-velocity-slows/
https://mises.org/daily/918
"What matters right now is the fact that money is growing at an alarming rate, which sets in motion an exchange of nothing for something and, hence, economic impoverishment and consequent boom-bust cycles. Furthermore, since velocity is not an independent entity, it as such causes nothing and hence cannot offset effects from money supply growth."
As I pointed out in another thread, in light of these facts, for Cook to essentially double the capabilities of iPad3 (and soon iPhone5 and MacPro and Powerbook), for the same price with a declining currency purchasing power in major countries, he is doing some serious supply chain magic and it can't last much longer. Buy now.
Rocketman
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So, what you are saying is, the Government hates competition from the evil Corporations (criminals)! You are right, the constitution and government are inseparable. But, the preamble and section 8 states:
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Section. 8. "The Congress shall have Power to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;"
I put these two quotes up for a reason. Section 8, to remind you, is for the federal side of taxes not generally for the "local" side. "Local" governments that want to bring jobs and companies can provide "incentives" through tax relief can do this under their own constitution. But, to demonize any company for trying to get a better deal is wrong. We built this country on blood, sweat and tears of our ancestors. And remember, it was the government that took advantage of the Native Americans way before your accusation of corporations.
The "perversions" that you mention are among ALL party lines. I love my government, but I hate the politicians! I have served in the military for over 20 years and I am proud to do so. As with any writings (good and bad) we do take it and read it in different interpretations.
Have a great day!
But that does absolutely nothing to keep states from fighting with other by lowering the tax rates. Since that was the specific problem he was addressing, I find it hard to believe that's what he meant.
So it sounds like, to you, Austin should just let Apple go somewhere else and the city just shouldn't care? Do I have that right? The benefits of them being there are not worth Austin worrying about?
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You as in who? I have no idea what you are talking about. Probably you don't either.
I don't know if some of you live in the 1920s or what but companties getting tax breaks for locating sizable businesses in an area is standard these days. Municipalities want businesses for a number of reasons and benefit from then greatly outside of short term tax revenue. Nobody is forcing anyone to give tax breaks but large businesses are in demand and cities compete for them. To not take advantage of that would be dumb and fiscally irresponsible.
Not sounds like, is. Local governments set tax rates to pay for services. If someone gets preferential treatment on taxes, then someone else has to make up the difference. Pretty straight forward.
FYI Texas does not have income tax but the rest stands.
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That is dumb. Many a city have prospered due to relationships and deals with corporate partners. In some cases there are issues that would prevent some cities from ever seeing new large businesses moving there without incentives. Your take on this is short sighted and naive. Nobody is being forced to do anything. No municipality should enter into an agreement unless they feel it is beneficial to them long term.
Sorry to pick on you, but this comment, in my opinion, illustrates why the American public elects idiots to political offices: the electorate gets sloppy with simple facts. While I don't have either of their tax returns in front of me, I am fairly confident Warren Buffet pays far more taxes than his secretary. What Mr. Buffet stated in the media was that his tax rate was lower than his secretary's.
It is not a zero-sum game. If the income to the local government generated by a business exceeds the cost of the tax breaks given to the business, then the local government realizes a net increase in their revenue, regardless of what other businesses are being taxed. In this case, the long-term economic gain to the local economy is likely to be substantial.
Actually, after the tax breaks go away...Apple will threaten to move again unless new breaks are put in. All companies do it and it's terrible.
Tax breaks should be banned. Let companies build where they want at the market rate.
So why do governments all over do this?
You say there's no reason for it, so why do they do it?
Because you pretty much have to as long as municipalities are willing to under cut one another. You just hope that you don't go one incentive too far and screw yourself (like Michigan did w/their film making incentive from a couple years ago).
To steal a phrase, the only thing worse than doing business with them is not doing business with them.
Lethal
Ricky's follies
It should be everyone's wish from deep in their souls that Apple tells the people in and around Austin - JAM IT IN YOUR AS** . Apple should move out of Austin - COMPLETLY .....
Austin is a rat pit. The weather sucks, the people suck, the local government is terrible, the racism is blatant and outrageous, bigotry in every fabric of daily life tears families art at an enormously high rate, and most had rather cut you ear to ear with a beer bottle than look at you.
AND, worst of all, it's TEXAS. They truly believe that the only way to " correct" their direction for their constituents is turn back the calendars for their 'followers'. It's time to throw those folks off a building and move on.
Apple should just say NO... NO THANKS. WE'RE LEAVING.
It should be everyone's wish from deep in their souls that Apple tells the people in and around Austin - JAM IT IN YOUR AS** . Apple should move out of Austin - COMPLETLY .....
Austin is a rat pit. The weather sucks, the people suck, the local government is terrible, the racism is blatant and outrageous, bigotry in every fabric of daily life tears families art at an enormously high rate, and most had rather cut you ear to ear with a beer bottle than look at you.
AND, worst of all, it's TEXAS. They truly believe that the only way to " correct" their direction for their constituents is turn back the calendars for their 'followers'. It's time to throw those folks off a building and move on.
Apple should just say NO... NO THANKS. WE'RE LEAVING.
