Our little town does provide some tax subsidies for maybe ten years to help with land purchase or factory construction, or extending sewer and water etc. seems reasonable. Maybe five years ago our wool factory had gone bankrupt and ran up a pretty good utility bill. A couple deep pocket guys bought it and upgraded everything, expanded the product line etc. and it has been a great success. The city voted to give them a break on the water bill when they took over. Just good business.
Good politics, and I’m not complaining. There’s nothing wrong with generating good will towards your government by providing revenue breaks. It’s bad business because all the tax payers are subsidizing a few business owners. What about the other businesses in town that don’t need a tax break to function? Where is their reward? Again, no complaint, this sort of subsidy helps keep citizens employed and I’m for that.
Cities and states spend lavishly for sports and showbiz; subsidies to other industries would create more jobs.
What good does subsidies for sports teams? They have to spread out , can’t all be in Silicon Valley or Southern California or NYC.
And if they just move business from California to NM or Maryland, they aren’t creating jobs. Kansas spent a lot in tax subsidies to lure businesses from KC, Missouri to KC, Kansas - what good did that do? One Missouri governor wanted a truce.
What does water have to do with it? Don’t they want water? Why not just a straight subsidy? Clean water and sewage treatment are blessings, not burdens.
Both. I was thinking of the auto assembly plants built in the US, mostly in the South. Those jobs were created, not moved. Even the 787 plant Boeing built near Charleston, SC didn’t move jobs. Boeing would have built a new plant anyway, the question was not if but where.
One more thing: Maryland hasn’t played the tax incentive game yet, except for sports. Professional sports incentives are part of the landscape. Any city that wants professional sports franchises has to play that game.
The loss of jobs in Everett may have been unrelated to the new 787 assembly plant. Boeing halted production of the 737 Max for a while while investigating the door blowouts, and lost orders in more that the 737 line because of it. They won’t keep employees on when there is nothing to assemble.
How did suppliers lose jobs just because of placing a plant in SC? Companies issue a request for quote and the best combination of price, quality, and logistics gets the job. Boeing brings in components from all over the world. I doubt that a supplier a couple thousand miles away is a problem.
Depends. If the parts are expensive to ship and there is a local alternative that doesn’t need to factor in shipping costs… There’s probably more ways it could go bad for the incumbent supplier- just one example.
We have some rather delicate assemblies that are sourced locally. Supplier comes in a company van once a week to make deliveries with the parts nestled in a custom rack to protect them. If those had to be individually packaged, the packaging would be expensive and the freight cost would be even more prohibitive- air ride, big boxes…
Recently, had the most expensive freight bill I ever saw- we crated and shipped a 2350lb piece of equipment from US east coast to Sweden on next day delivery. Air ride to/from both airports. The unit taxed the freight elevator to the point no one was willing to ride down with it
Well, it won’t stop. Everyone is in the game now. How many professional sports teams are there at the University of New Mexico? My guess is at least one or two (football and men’s basketball). I think that NIL makes the team professional. Who pays for it? Students through higher tuition and citizens through higher taxes. Some comes from boosters too, but I doubt that all of it does. I’m not fond of it, but that doesn’t matter.
I didn’t say it would stop. I think we’d have as much pro sports without it. Remember Ebbets Field, Shibe Stadium, Forbes Field, Griffith Stadium, Crosley Field, Comiskey, Wrigley, Fenway… baseball owners built their own stadia. It doesn’t increase the amount of pro sports, just makes everybody pay for it, fan or not. Government builds roads and bridges where private business won’t; sports doesn’t need it.
Consumers pay for NIL, not schools or students or citizens. UNM loses money on big-time sports. I’d rather the state choose otherwise, but Albuquerqueños love their sports.
“ I always say ‘tariffs’ is the most beautiful word to me in the dictionary," he said at a rally just hours after his inauguration in January
If they are beautiful, why object to them being shown on the price list? When you pay for items, the sales tax is listed separately, why not the tariff, which is an import tax?
