Not very music related, but this is a big issue on the global scale; this is the same reason why all these development zones that give huge incentives to corporations to build factories in third world countries never and up doing much for the countries themselves. The country doesn't get any taxes off it, and the corporations reinvest their profits elsewhere. For the development model to benefit the companies, the corporations would have to be required to give back SOMETHING to the country, whether it's reinvesting in the local economies, technological know how, working with local firms, access to intellectual property, etc...
I would guess that cities have the same problem - so along with the tax breaks, cities would have to make sure that somehow the corporation gives back to the city in some way. ~David > On Thu, November 10, 2005 4:33 pm, vmax wrote: > >> Well the city of detroit did give the rich white biz's owners a very >> large and hefty tax break to move there companies down to the city. >> The down side to this is that with such tax breaks add no tax revenue >> to pay for thing that need to get payed for like school, fire >> services, police services, road work, etc. > > we're actually dealing with something similar in pittsburgh right now. i > forget the exact % of tax free properties in the city but its ridiculously > high because of these give aways. people seem to think that having these > big businesses move in will magically fix everything. it doesnt, of > course. these businesses only care about finding the way to do things in > the most cheap manner. as soon as theyre offered something better > elsewhere (other cities, other countries), they roll out, devastating the > local community. its all about building up grass roots community oriented > businesses. > > tom
