> Would we not be better off as a society if business-specific tax breaks were not an option? Wouldn't that 'level the playing field'? Wouldn't it decrease the incentive for local governments to gamble the city's financial future, placing bets on the whims of corporate boards? Can someone tell me what I'm missing?
The race to the bottom drives business taxes to zero, but it's not clear to me that's undesirable. Businesses are productive entities and create jobs. It's not clear to me that it's desirable to tax that. It makes more sense to simply raise taxes on the individuals who actually use those local services.
The race to the bottom drives business taxes to zero, but it's not clear to me that's undesirable. Businesses are productive entities and create jobs. It's not clear to me that it's desirable to tax that. It makes more sense to simply raise taxes on the individuals who actually use those local services.