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When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent. Meanwhile, the invisible hand that best orchestrates a free people’s free enterprise system gets amputated. Then, special interests creep in and manipulate markets. Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail.
But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn’t the answer. Cajole only chosen ones on Main St or Wall St and watch lines stretch from Washington to Alaska full of businesses threatening to bail unless taxpayers pony up. The lines strangle competition and really, really, dispiritingly screw with workers’ lives. It’s beyond unacceptable, so let’s anticipate equal incentivizes and positive reform all across the field – to make the economy great again.
we know special interest crony capitalism is one big fail
Let’s be clear. United Technologies is not going broke. Last year, it made a profit of $7.6 billion and received more than $6 billion in defense contracts. It has also received more than $50 million from the Export-Import Bank and very generous tax breaks. In 2014, United Technologies gave its former chief executive Louis Chenevert a golden parachute worth more than $172 million. Last year, the company’s five highest-paid executives made more than $50 million. The firm also spent $12 billion to inflate its stock price instead of using that money to invest in new plants and workers.
Haven't you heard? The end goal of Progressivism is Feudalism
originally posted by: links234
a reply to: CriticalStinker
I think you're missing his point. Carrier had no discernible reason to close the plant, their parent company pulls in billions in profit every year and they award their executives millions and millions of dollars in severance pay. Now companies know the deal, threaten to offshore and layoff a few hundred employees and get a few million in tax breaks.
originally posted by: liveandlearn
a reply to: links234
Giving tax breaks to companies for several years is what Texas has done for many years and Tx economy is good. Plus no state income tax.
She forgets Trump is not yet president and can't do across the board tax breaks.
While she was well spoken, she was premature in making the statement and failed to recognize the 1000 people who will continue to be able to support their family.
originally posted by: Ahabstar
a reply to: CriticalStinker
Haven't you heard? The end goal of Progressivism is Feudalism. Maybe if you are good little children, daddy government will take all your income and give you an allowance so everyone ( on the same social rung) is equal and poverty is erased (by everyone being impoverished)...