Micron is going to spend a multi- billion figure to build a new factory near Syracuse.
The company was requesting a 200 million tax break. This agreement would be for
50 years. (About 5 million $ per year)
The advantages will be hundreds of construction jobs for the factory
Some 10,000 jobs will be created - of which many will be six figure.
there will be many small business started -gas stations, stores, ect
Many homes will need to be built -
and I trust a few new churches!
So, is it un-reasonable for the government to provide that tax break?
Tax Breaks
Discussion in 'Political Debate & Discussion' started by Salty, Jul 27, 2023.
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Yes, it is unreasonable. It is not one of the three natural functions of government - police, military, courts.
"The state therefore has two natural functions, functions essential to the existence of any peaceful, ordered society: to protect the rights of citizens against violent or fraudulent assault, and to judge in conflicts of right with right. It has a further third function, which is another aspect of the first, that is, to protect its citizens from assault by foreign powers. These three functions are expressed by three powers: the police power, which protects the citizen against domestic violence; the military power, which protects the citizen against violence from abroad; and the courts of law, which judge between rights and rights, as well as sharing with the police power the protection of the citizen against domestic violence.
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But since this institution must possess a monopoly of legal physical force, to give to it in addition any further power is fraught with danger; that monopoly gives to the state so much power that its natural functions should be its maximum functions."
- Frank S. Meyer, In Defense of Freedom: A Conservative Credo, published in 1962 -
NO, the job creation will increase income tax and property tax.
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and thus the reason for the requested tax break
(mind you - the company will still be paying taxes - just a break of some of it) -
I favor State’s rights, so they can structure their tax policy however their citizens will allow.
The states are competing against each other for these businesses. So, sure, give them tax breaks. If the public doesn’t like it, they can vote them our.
The federal tax code is a different animal. I favor flat tax: 15% business and 10% personal: no exemptions, everyone files individually.
peace to you -
I like the general premise of the flat tax
BUT I prefer the Automatic Electronic tax
No paperwork, no forms to file
No exceptions - everyone pays
and the % is extremely low -
RighteousnessTemperance& Well-Known MemberIntriguing. Rather obviously, the foremost natural function of a government is to “feed on its denizens,” that is, tax entities within its domain. Without this function, the others would be moot. As Franklin asserted, "but, in this world, nothing is certain except death and taxes."
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RighteousnessTemperance& Well-Known Member
Since a government is naturally driven by self-preservation (“A large population is a king’s glory, but without subjects a prince is ruined,” Prov 14:28), distributively levying taxes will be a prime factor in that self-preservation.
How it goes about this may be debatable, at least in a “free” society. This particular case may well be a reasonable way to keep the balance or even improve the situation.