Thursday, January 10, 2019

Tax Incentives for Corporations

full article here.

For about 25 years, corporations have been the recipient of tax breaks from different locations seeking to attract them. The argument goes that the jobs and development would more than offset the loss of tax revenue.

It appears increasingly true that this is not the case. Operations offer jobs, but these are low-paying temp jobs. And the amount of infrastructure necessary to support the corporations are not paid for by taxing the low-quality jobs. And since the workers are paid nothing, there is no real development.

The article above references the case of the small community outside of Chicago that has turned into a distribution center.

No comments: