pan6467

Tax breaks (abatements) never work unless the corporation employs decent wage jobs.

The whole purpose of tax breaks to corporations is to get jobs developed and increase the tax base. What ends up happening, the past 10 years, is companies hire temp agencies pay as little as possible with no benefits or leave their HQ here and ship the jobs overseas.

This causes the tax base to not meet the required need to make up for the breaks and abatements so service cuts need to be made, taxes on the rich go up (in property taxes, sales taxes, state income taxes, etc.).

It's the same with the federal tax breaks, they are expecting booms in decent waged employment to make up for the tax loss and hopefully enlarge the base enough to make up for the tax breaks on the rich. However, jobs are still going overseas, temps to hire are still being used so that benefits and higher wages do not need to be paid, and the upper managements pocket the breaks.

Bush has some good ideas with his tax breaks, the problem with his plan is that he doesn't have any form of making sure the base gets enlarged. In other words his plans allow corp. and the rich to pocket the breaks and not use the breaks to secure the tax base.

If he used tax breaks as incentives for better jobs here at home, R&D, and so on and took breaks away from those shipping the jobs out and decreasing the tax base then I would say he had the plan that would get the US back up to where it belongs and we could start getting rid of the trade deficit (which is far, far scarier than a Fed. deficit).

I am not against capitalism or being rich, I am against this attitude that "we are super rich and we pay too many taxes, but yet we refuse to create or keep decent wages and benefits jobs here." It's economic suicide, it creates massive trade deficits (especially when our country has very low tarriffs and our exports get the fuck taxed out of them), and it is the reason for the rich having the tax burden they do.

Of course, one must ask, do they make more money by shipping the jobs out or by increasing the tax base and lessening their burden? Short term it's shipping out the jobs (eventually their burden will increase to pay for the continued losses), long term it's building the base and reducing their burden.

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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"