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Thread: You’re Better Off in a State With a Higher Income Tax

  1. #71
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    Quote Originally Posted by Neomalthusian View Post
    Tax policy at the state level is sometimes experimental. Whoever it is that believes decreasing the tax burden will attract business and grow the economy enough to offset the lost revenue, that's a hypothesis, and there are no guarantees that's what will or won't happen, because it ultimately depends on a multitude of other factors such as what businesses and industries decide to do. Same applies on a city level. If my city slashes taxes because we're on the shortlist for Amazon's 2nd headquarters and we want to win their business, whether that policy becomes effective or not ultimately depends on whether Amazon picks us. If Amazon picks us, citing optimism about our area's pro-business leadership, the tax cut strategy would be wildly successful. But there are no guarantees with this stuff. It's not a definite win nor is it a definite fail. Voters in these places need to decide whether to take this risk slashing short term government revenue in the hope that long-term growth will offset it. The risk on the other side is less likelihood of long-term growth.
    An interesting example, Amazon. Turns out when you win the bid for Amazon's latest distribution center, you get a sparsely populated largely automated warehouse with very few low-grade jobs available, very little tax revenue, and none of those Amazon dollars seem to trickle down to the community that shot itself in the foot to attract Amazon.

    Then your mayor who was lauded at one time is run out of town on a rail for fucking the deal up so badly when they realize that trucks are coming and going all hours of the night, robots do most of the work, and Internet sales don't lead to dollars in the local coffers.
    Thanks from OldGaffer

  2. #72
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    You’re Better Off in a State With a Higher Income Tax

    Quote Originally Posted by splansing View Post
    An interesting example, Amazon. Turns out when you win the bid for Amazon's latest distribution center, you get a sparsely populated largely automated warehouse with very few low-grade jobs available, very little tax revenue, and none of those Amazon dollars seem to trickle down to the community that shot itself in the foot to attract Amazon.
    Well I was referring to the headquarters, not a distribution warehouse. And note the underlying point.

  3. #73
    Veteran Member EnigmaO01's Avatar
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    Quote Originally Posted by Neomalthusian View Post
    What about that is disingenuous?
    I'm not in Kansas toto. My Indiana property taxes are now almost as high a "Taxachusettts."

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