Micron invests $ 100 billion in New York State facility – IT Pro – News

Because the political situation is simply relevant to the business climate of companies. The taxes there are high, the bureaucracy is normally viscous, there is an exodus mainly of the wealthiest to Florida which obviously comes with a brain drain, so they will be accompanied by some advantages to commit 100 billion of investments that SMEs do not make. getting there.

There is a very recent precedent for this, by the way: A few years ago Amazon wanted to open a huge distribution center and offices in New York, albeit not as big as this one, but then promised a tax credit of 3. billions of dollars in exchange were guaranteed x number of jobs with an average wage x. How did we find out? Because point 1 simply forced the state to announce this deal, but it led to a large-scale anti-Amazon protest, with enormous media attention, and Amazon subsequently abandoned it, much to the anger of citizens. and politicians too, who realized that such an economic boost in an otherwise fairly stagnant economy would be very welcome.

You can bet that this has to be about the multiple of the benefit amount and that it also takes a lot longer to pay for itself. But nobody cares, because Micron is a company that isn’t viewed negatively by activists like Amazon.

Is it strange to question it? In this way, creating a restrictive business climate for businesses pays off, if you are willing to waste huge amounts of taxpayer money paid by local businesses and their employees. It’s just some kind of corporate welfare.

The economy itself is not a zero-sum game, but this way you can almost turn it into a zero-sum game, because you have to offset those advantages by imposing draconian taxes on other societies.

[Reactie gewijzigd door Pianist1985 op 5 oktober 2022 04:46]