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by temp8964 1883 days ago
How is economic growth trickle down for the society? It is not. Strong economic growth is the best thing to level up a society.

What is really trickle down for the society? The dead loop between more taxes and economic stagnation.

1 comments

Do you not see the similarities between "give rich people low taxes and they will create economies around them," and "give rich corporations low taxes and they will create economies around them?"

Companies will seek the lowest taxes in an area that suits them. If they're building in America, it's because it behooves them to build in America. There are lots of places they can go to lower taxes, but they're not competitive.

So you still have companies who are VOLUNTARILY building industry in places with high taxes, because it behooves them. Can you see how a race to the bottom in this regard is damaging? They're already committed to paying high taxes, its just a matter of how high. So—do you really want to be the place that cheats yourself out of the most income, for a company that really doesn't care if they settle in your county, the next one over, or the one across the country?

The minute you become noncompetitive, the company will move, and your countrymen are the people who paid for it. The real winner? the company, who got to hang onto more of their vast profits. :-) Apple committed almost $100B a year. And places are fighting over... how much tax revenue? there's plenty of room for fair taxation.

Good reasoning. So just stay poor, and don't let the big companies make money, this sounds like a great advice to local communities.
You've done nothing to convince me that allowing big companies to exploit the local economy and infrastructure for free actually ends up in a net benefit for anyone other than the company.

You don't get rich by giving things away (unless if you've figured out how to make this possible—in which case, please ready a room for me :-))