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Another Win for Texas

R

Reveal1

New Member
Notarealsignguy said:
All these new people don't cover their added costs that they bring for roads, schools, utilities, police, fire etc. Then the government starts this snowball of paying to bring in more and more always promising jobs and revenue. The city here has done it for years and all that it has brought in is a pile of municipal debt and overcrowding. Government shouldn't be involved in business at all.
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I would add that it follows that government should stay out of most every other aspect of our lives as well.
 
Notarealsignguy

Notarealsignguy

Arial - it's almost helvetica
Texas_Signmaker said:
Elon Musk says he just moved here...


https://www.wsj.com/articles/elon-m...e-pandemic-silicon-valleys-future-11607449988
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His entire business relies on government money. Take away electric car and solar subsidies and he's nothing. Additionally, he's building his other business, spacex, using government property at a government facility. Hes another one that texas is also paying. He also got paid from nevada. I give him credit for gaming the system for sure and all the loons that have overpaid for his stock to the point that tesla is valued higher than every car maker in the world. Smart dude.
 
Texas_Signmaker

Texas_Signmaker

Very Active Signmaker
Notarealsignguy said:
His entire business relies on government money. Take away electric car and solar subsidies and he's nothing. Additionally, he's building his other business, spacex, using government property at a government facility. Hes another one that texas is also paying. He also got paid from nevada. I give him credit for gaming the system for sure and all the loons that have overpaid for his stock to the point that tesla is valued higher than every car maker in the world. Smart dude.
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That stock is insane...makes bitcoin look like a smart "investment"
 
204SignGuy

204SignGuy

Assistant to the Regional Manager
Telsa is at nearly 1000% growth this year alone. I wish I had invested last year, or even earlier this year when I thought it was just a bubble. Would've been an easy cash-out.

Who am I kidding, I would've kept holding until the bubble burst anyway.
 
A

Andy D

Active Member
Notarealsignguy said:
And how much of your taxpayer $$$$ is texas giving these companies? Once the gravy train runs out, they will jump ship to the next place they gives them free money and leave the taxpayers holding the bag
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These comments make me laugh, states don't give money to corporations to open a plant in their state, they only lessen some of the taxes they would have normally collected, because they know if the company decides to go elsewhere, the state gets nothing.
Just like a store coupon isn't welfare, it's being competitive, enticing corporations is also being competitive. We live in a world market now, and these companies can open up anywhere, so we better be competitive.
A state agrees to reduces some taxes:
- The state wins because they collect taxes they wouldn't have gotten, from the company and the employees.
- The residents win because more jobs available drives up wages.
- The area businesses win by supporting the corporation..
And yes the corporations win, but corporations are nothing more than money reservoirs; money comes in and then goes right back
out to either build the company up or as dividends, both of which makes money for stock holders, which could be you without you even know it,
if you have a 401K, Roth, or any other type of multi-fund stock.
 
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A

Andy D

Active Member
So true;
upload_2020-12-9_14-33-27.png
 
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dypinc

dypinc

New Member
Or those stockholders could be your clients and customers.

Those greedy commies are never happy about anything, and envious about anybody making some money that they think they are entitled to without doing a damned thing to earn it.
 
A

Andy D

Active Member
dypinc said:
Or those stockholders could be your clients and customers.

Those greedy commies are never happy about anything, and envious about anybody making some money that they think they are entitled to without doing a damned thing to earn it.
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I honestly think that the socialist advocates know they're too dumb and/or don't have the sack to put everything on the line and succeed, so destroying capitalism
is their only chance of becoming rich and powerful.
 
R

Reveal1

New Member
Andy D said:
These comments make me laugh, states don't give money to corporations to open a plant in their state, they only lessen some of the taxes they would have normally collected, because they know if the company decides to go elsewhere, the state gets nothing.
Just like a store coupon isn't welfare, it's being competitive, enticing corporations is also being competitive. We live in a world market now, and these companies can open up anywhere, so we better be competitive.
A state agrees to reduces some taxes:
- The state wins because they collect taxes they wouldn't have gotten, from the company and the employees.
- The residents win because more jobs available drives up wages.
- The area businesses win by supporting the corporation..
And yes the corporations win, but corporations are nothing more than money reservoirs; money comes in and then goes right back
out to either build the company up or as dividends, both of which makes money for stock holders, which could be you without you even know it,
if you have a 401K, Roth, or any other type of multi-fund stock.
Click to expand...

That logic is similar to what is used to justify a progressive tax system. Self described progressives and conservatives are often not all that different with their logic. Basically someone in government that thinks they are smarter than the rest of us picks winners and losers. In the case of corporate welfare, the mega corporations pay a lower overall percentage tax rate because government geniuses have determined the reward is worth the unequal treatment. If I pay 'X' in taxes to contribute 5 jobs, why shouldn't a mega corporation pay 100 times more for their 500 jobs? A progressive tax system uses similar logic to reward those who contribute less to society and punishing those who are successful by making them pay a higher percentage of their wealth. So if I make $100 K and pay 55% in state. local and fed taxes, how is it 'fair' to make someone making a million pay 75%? The more they play with it, the worse it gets creating loopholes and unintended consequences. How about being consistent and everyone pays the same percentage, get rid of loopholes, and let the free market determine winners and losers?
 
F

FactorDesign

New Member
204SignGuy said:
Telsa is at nearly 1000% growth this year alone. I wish I had invested last year, or even earlier this year when I thought it was just a bubble. Would've been an easy cash-out.

Who am I kidding, I would've kept holding until the bubble burst anyway.
Click to expand...

I convinced my retired parents to buy some Tesla at ~ $220... before the split. They also bought a loaded model 3 and the profits would pay off the car with some left over, but they'll likely ride it out until the bubble pops like they did with Yahoo way back in the day. If I had 2 nickels to rub together back then I'd have at least 5 bucks for a dollar menu feast right now.
 
A

Andy D

Active Member
Reveal1 said:
That logic is similar to what is used to justify a progressive tax system. Self described progressives and conservatives are often not all that different with their logic. Basically someone in government that thinks they are smarter than the rest of us picks winners and losers. In the case of corporate welfare, the mega corporations pay a lower overall percentage tax rate because government geniuses have determined the reward is worth the unequal treatment. If I pay 'X' in taxes to contribute 5 jobs, why shouldn't a mega corporation pay 100 times more for their 500 jobs? A progressive tax system uses similar logic to reward those who contribute less to society and punishing those who are successful by making them pay a higher percentage of their wealth. So if I make $100 K and pay 55% in state. local and fed taxes, how is it 'fair' to make someone making a million pay 75%? The more they play with it, the worse it gets creating loopholes and unintended consequences. How about being consistent and everyone pays the same percentage, get rid of loopholes, and let the free market determine winners and losers?
Click to expand...

I actually agree with the progressive tax system, most public services use half or more of their resources to protect and serve businesses; roads, fire dept., police, even the military... so they should pay a higher%.
As far as states enticing corporations, it's pretty easy to spot the winners from the losers; if Toyota wanted to build a plant close by, there's no question it would be a boon to the whole community.
 
dypinc

dypinc

New Member
Andy D said:
I actually agree with the progressive tax system, most public services use half or more of their resources to protect and serve businesses; roads, fire dept., police, even the military... so they should pay a higher%.
As far as states enticing corporations, it's pretty easy to spot the winners from the losers; if Toyota wanted to build a plant close by, there's no question it would be a boon to the whole community.
Click to expand...

As a business I don't pay those taxes. I either pass it along as a cost of doing business or I go broke.
 
GAC05

GAC05

Quit buggin' me
dypinc said:
A total of seventeen US states filed a brief at the US Supreme Court on Wednesday in support of Texas's bid to overturn the fraudulent election results.
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The first civil war was the North vs the South, will this one be the Middle vs the East & West?
 
A

Andy D

Active Member
dypinc said:
As a business I don't pay those taxes. I either pass it along as a cost of doing business or I go broke.
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Yes, but the top % earners tend to own their own business or are an executive of a corporation & benefit doubly for all the infrastructure created, so they should pay
a higher %.
 
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