I guess the answer is why does NY have to incentivize to be competative, you know we aren't right? Think Taxes.Originally Posted by Genoobie
Is AMD killing us? What is killing Wisconsin?
I guess the answer is why does NY have to incentivize to be competative, you know we aren't right? Think Taxes.
Is AMD killing us? What is killing Wisconsin?
$1M per employee is one heck of an incentive...all on the backs of taxpayers such as you and I?
Do you really believe that AMD should build a manufacturing facility in NY? Do you think our wages are anywhere near competitive with global standards? I'm sure that once the plant is built after a couple of years they'll close up shop and find another place that's begging for "business". Why did they cut down virgin forest near Saratoga Springs?? Why not in many of the empty boarded up towns along the Mohawk / I-90?? Because that's Senator Bruno's district and he wants to look like he's bringing jobs to his neck of the woods...
Atrocious and despicable. No other way to describe this.
a tax break is not cash from the NY treasury. It's the treasury providng an an incentive for employer to set up shop here rather than elsewhere. Those employees wil pay ny income taxes. Buy homes. Furniture, local food, gas, etc., creating other direct and indirect positive econmic spinoff over the short and long term. In nys, such corporate welfare programs are needed due to the ridiculous cost of trying to do business iin NYS in the first. If nys was competitive with other states, and an attractive place to locate a business at the outset, the state wouldn't have to offer incentives (using your tax $). Just lower the costs of doing business in te first place, and employers would set up shop, and create payrolls..which leads to income taxes. It's simple economics.
Meh, spurious reasoning.
In fact the reason that they are building a plant, in theory, is to produce an item that will produce a profit for them. They already decided that they needed to increase capacity and that there must be a ROI. Since NY is trying to get back to the stone age by attempting to compete with global manufacturing, the company gets a big fat tax break on something we know is made to create profit for the same company. You're trying to convince me that a company making profit on this item should be given more money to make the item here (i.e. not pay taxes on their profits, capital costs, etc.). To what end? As soon as the tax break ceases, they'll shutter the plant because THERE IS NO WAY THE WORKERS HERE CAN COMPETE WITH GLOBAL LABOR PRICES.I don't care how you slice it you are building a plant with artificial protections. As soon as they're gone they cannot compete. That's like protectionism that killed the steel industry, correct? Why not impose tariffs on goods made abroad, that has the same effect? Oh, but that's not business friendly...
Listen, to be honest, I'm not thrilled about taxing corporations, they just pass the cost along to the consumer anyhow, they're not stupid. I don't think anyone believes the tax on businesses is paid for by businesses. It's transferred to the cost of goods / services they produce.
I admit I dont know the deats on the amd deal.
However
A tax break, it not on the backs of taxpayers......it a waiver of tax to be paid, tax to be paid that would not be owed if the plant didnt exist so in essence its waiving something that doesnt exist
I said it before and i'll say it again..
If I owned a plastic/vinyl coating maufacturing company and you also own one too.. And I was able to get a grant incentive to hire 10 more people, 5 salesmen & 5 laborers. Hey, I would have my sales people on the phone, I would be able to lower my prices with this gov't money and have you fighting for survival..
Another example: Caplugs on Elmwood.. and if plastico.ca moves from Canada to the US which I know they may want too.. Would it be fair competition to give an incentive to Plastico?
That is what goes on all day long from Hamburg to Amherst.. Throw in the well connected and the lobbyist.
Now if you want to throw some money to hire a VET, I have no F'en problem because these companies are eating pretty good on the back of Vets..
Kiss someone that's different. It helps.
Lets get the facts first, then go for the jugular!!
It's all transparent, just read between the lines..
Here are the facts of the matter, even if we don't want to admit it. The only way that NYS can entice any business to come to NY is with tax breaks. If not for the tax incentives no business would ever come here!
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
---Ronald Reagan---
correct. not a free market at all. ny puts up barriers to entry so they can pick and choose who the ywant to allow to do business here. It's like withholding oxygen from someone. If there was free access to air, everyone breathes and does fine, and trhives. but if NY restricts who is allowed to have air, then it creates an unnatural environment, and whoever needs air will simply get it elsewhere, Or become dependent on the mommy state to allow them to breathe.Here are the facts of the matter, even if we don't want to admit it. The only way that NYS can entice any business to come to NY is with tax breaks. If not for the tax incentives no business would ever come here!
but either way, public employees in NYS still arent paying taxes on NY pension income.
90% of the money is given within and not with outta state companies. They build medical facilities, Family Dollars,apartments, senior homes all for the well connected.Here are the facts of the matter, even if we don't want to admit it. The only way that NYS can entice any business to come to NY is with tax breaks. If not for the tax incentives no business would ever come here!
Kiss someone that's different. It helps.
Lets get the facts first, then go for the jugular!!
It's all transparent, just read between the lines..
and in those facilities, people are earning paychecks, spending money in the community, and paying NY income taxes.
and yes, as for the well-connected (cough cogh, $ contributions to politicians and others), that's the way that powers-that-be have organized the infrastructure: play by their rules, or don't play.
Interesting to see the western NY tv news soundbites the last few days with all the union voices yelling about companies (that is, employers) and wealthy people getting tax breaks that are paid for on the back of the middle class state union workers. Apparently, those state union workers aren't even aware of their own major tax break (zero NY income taxes) on those future NY pensions. I wonder if other non-govt union groups think that us fair, that THEY have to pay NY income taxes on their non-govt retirements, while the govt employees get free ride: zero income taxes on ny pension. just sayin'
Or is that the big ugly secret that NY pensioners don't want anyone knowing about ? They don't seem to mind ME paying income taxes to pay for their bennies and such. good enough for me should be good enough for them.
I've been avoiding drinking the koolaid from this site for a while. Just monitored to see what's buzzing. This whole you vs me attitude has got to stop! We are all taxpayers. It is NOT entirely equitable. How 'bout the ugly big secret that I'm paying $4000/yr in school tax for something I will never benefit from. Why should I pay for YOUR kid's football, music, "special ed", etc. Is that fair?
If you own a house and carry a mortgage...tax deduction.
If you have children...tax deduction (I don't care if the cost of raising a kid is $1mm...your choice!)
Excess medical espenses...tax deduction.
"Business" expenses...tax deduction.
How much revenue is NYS (and the FED) loosing with all these deductions/loopholes?
Why not start complaining about the salaries of CEOs..now almost 500 times the average salary of workers in this country? PROFIT is the bottom line. Big business and Wall Street are the biggest lobbiests in politics now. Unions have lost their influence. Starting in the late 60's, Unions have given way as Corporations and Wall Street bought up politicans - Dem and Repub - and in return, deregulation of Wall Street, banking, corporate law, which lead to the S&L meltdown...a precursor for the crash caused by the greedy invesment brokers that pushed mortgage-backed securites that were worth less than the paper they were written on.
If I were you, I would THANK the unions for raising minimum wage, securing heath insurance, vacation time, sick time, etc. They were the catalyst for the formation of the middle class. Something that is being destroyed in this country by the myopic rich and powerful.
Oh, I forgot...business creates jobs! Give them the breaks. Why? So they can ship off the work to China, charge the same price, yet pay 1/10th of the labor costs? ALL IN THE NAME OF PROFIT(and those multi-million dollar CEO salaries)!
Good Question? Enough. Who do these people think they are? WE focus on Democracy for other opressed countries --- do we live in a democracy? I love my country, however is seems to belong to a small elite group. This will come to an end someday.
all in the name of profit? do you intentionally, yourself, work for an amount less than your monthly bills ? You are also working for your own personal profit. If you started your own company, would you find it reasonable to try to make a profit? So, what's the purposes of begrudging any employers that make profits ?
all those big rich companies? the NYS Pension Fund seems to think that most of them are pretty darn good investments. Largest holdings of the NY fund are such deviants as big oil, big pharma, big utility, big banking and finance companies. NY Pension fund seems to think they are very good companies, so your beef would be with the pension fund managers who seem to be supporting all those big bad industries. All those billions of profits go to shareholders which, as stated, includes the NY Pension fund.
It was them vs us when the govt put these programs together. We didnt create the NY monster. the politicos did, with complicity (encouragement?)from special interests (pub employee unions).
You do not get anything when you get to not pay something! Why is that so hard for your type to figure out?
The above is opinion & commentary, I am exercising my 1st Amendment rights as a US citizen. Posts are NOT made with any malicious intent.
With all due respect, I'm not thanking the present day unions for anything. They were needed back in the day of labor exploitation. I agree with that, especially back when people were poorly educated, and could not sell their labor to other employers. Unfortunately, union leadership in the present day has pigeonholed you and others with some mindset that, without the union, you would somehow fall from middle class to lower class.
Okay, congrats, middle class was formed. NOW what ya gonna do next ? Stay there or aspire to do something more for yourself, keep the union dues in your own pockets, and move your career and earnings ahead based on merit, your effort, your work output, your brainpower. You COULD do that, become wealthier if you aspired to it, but then you'd become one of those "myopic rich and powerful" that you rail against. so, there's only 3 classes ? Myopic rich and powerful, middle class people (thanks ONLY to unions), and the poor ?
So, if YOU had the choice, what would you rather be: a bit more wealthy of your own doing and efforts, with the ability to work where you wanted..or not work at all? Or continue to be spoonfed union-speak ?
either way, what would you call a double-dipping govt worker or politician, or a retired govt employee (now on pension) and grabbing a 2nd gov tjob to build the pensio na bit more? That ALSO sounds a bit myopic doesn't it? Never work a day in the private sector, but keep feeding at the govt trough for more and more.
NYS taxpayers can't afford the benefits. Pretty simple., plus WAY too many public employees.
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