Politicians make lousy venture capitalists.
The idea that government incentives can keep, or bring jobs to a community in an auction which pits one community against another is insanity.
I thought I’d share my thoughts on NCR moving to Georgia with you via video- please remember, no teleprompter, camera operator or edits- this is just a face-to-laptop recording.
[youtube]https://www.youtube.com/watch?v=JT-Z1rhqUKE[/youtube]I highly recommend endorsing the ideas presented by The New Rules Project: Eliminate Subsidies for Big Business [1]
It’s time to contact every legislator you know and call for an end to this practice of corporate welfare.
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Better weather, better recruitment, better tax structure, Georgia is run by people who are pro-business. Dayton is run by liberals who want hand outs to go to the poor. It really is just a simple matter of philosophy sometimes.
NCR wanted out – there was no stopping it.
BTW, has NCR ever received any tax breaks – and if so, when and how much? Seems to me they have not received any tax breaks.
Really good David. Sad to see NCR going south. So much for corporate America’s connection to their home-town community. But why not entirely get rid of corporate taxation (as it corporations aren’t … well, people) and simplify our wildy onerous tax code. As the Economist Managzie puts it:
First there is the tax code. Overall, American taxes are light and the tax code is highly progressive. But corporate taxes are steep. Federal and state taxes on profits together average 39.3%, the second-highest rate in the rich world. And the system is repulsively complex. Federal, state and local rules accumulate each year in a vast and impenetrable heap. No one understands it. Some 82% of individual filers pay for professional help or tax software.
Big business can cope—clever accountants find all manner of lucrative loopholes. But small businesses “face a particularly bewildering array of laws, including a patchwork set of rules that governs the depreciation of equipment, numerous and overlapping filing requirements for employment taxes, and a vague set of factors that govern the classification of workers as either employees or independent contractors and that can keep businesses and the IRS battling each other for years with no obvious ‘correct’ answer.” Those are not the words of an anti-tax zealot but of the Internal Revenue Service itself, in its annual plea to Congress to simplify the tax code.
But now, maybe now this can be a catalyst for change in Dayton. Get serious about regional coordination and get out of the eoncomic development arena. Provide safe neighborhoods and good schools, the rest will follow.
To paraphrase Barack Obama, “you ain’t seen nothin’ yet.” The worst kept secret in Dayton is that even one more high profile employer is gettin’ ready to leave skid marks getting outta’ town. Yet missing from the discussion is even one reason why NCR (or Mead or Iams or Dap) would want to stay in this suicidal city. Vendors and clients can’t fly into Cox International without flying through three different hubs, with the last leg being on a crop duster. Expeditous it ain’t. Furthermore, we are a state of high taxes, urban dysfunction, with a bitter legacy of anti-business bias and Wagner Act militancy. Our Democratic legislature claims to love jobs while simultaneouly hating business. The question, therefore, isn’t why they are leaving but why they hung around so long……….
I highly recommend everyone read The Great American Jobs Scam: Corporate Tax Dodging and the Myth of Job Creation
and finally come to terms with the fact that we’ve been using taxpayers dollars to subsidize private corporations for years and it just gets more and more out of hand. They pit communities against each other and undermine the two things that truly do attract companies – talent and infrastructure.
Corporations are no different than the wealthy, there is a stated tax rate and there is what they actualy pay. If you’re heart is bleeding for these corporations and the bogus jobs the create, you need a reality check.
The worst kept secret in Dayton is that even one more high profile employer is gettin’ ready to leave skid marks getting outta’ town.
I’ve heard Lexis-Nexis and Reynolds & Reynolds rumors. Which one did you hear?
both…………. but LN first…………..
Well, Jeff, do the research yourself. Grab a brewski or two at your favorite watering hole near the Dayton Mall, then get your dedicated driver to chauffer you to a like establishment at the Greene. I guarantee that at one of those two locales you will be treated to anecdotes about how one local major player is preparing to skedaddle to Bombay with it’s tech and ABD (anyplace but Dayton) for it’s headquarters functions. Having dealt with a similar situation not once but twice, I can testify that management will deny any such relocation until the moving trucks are literally backing up to the loading dock. But many of the employees there act like the move is a fait accompi……….
Dayton, soon to be the land of the vacant corporate campuses…
I agree with Gene..its Lexis-Nexis.
Blame YOUR elected Prez………….. Mr. B.H. OBAMA. His stimulus money is paving the way from Dayton to Georgia. Ha! I love it. NCR screws Dayton and the Liberal of all Liberals more or less is the one who handed Nuti the moving truck keys to get NCR out of Dayton.
Thanks for stimulating Dayton Mr Obama. What a GD joke.
http://www.daytondailynews.com/news/ohio-news/ohio-lawmakers-call-stimulus-funds-in-ncr-to-georgia-deal-outrage-146677.html
Blame YOUR elected Prez………….. Mr. B.H. OBAMA. His stimulus money is paving the way from Dayton to Georgia.
Nice try at scoring political points. But you missed.
That Columbus, GA plant was not being relocated from Dayton. NCR has no manufacturing here. Its a new plant and new jobs and was never going to come here in the first place due to the unfavorable business climate.
Columbus was competing with other cities in the Southeast, and this was how they won the bid. More power to’em.
So the question should be, re the local stimulus money, is any of it being used for similar economic development purposes, making sites shovel ready for business?