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Posted via Scott D. Yost | August 13, 2024 | News
Up to $300,000 in social media for businesses. Your taxes at work.
I applaud the use of an existing building, especially the location. However, I do not applaud the well-being of companies. Governors will have to come together and come up with a plan to end corporate welfare benefits.
Only the electorate can prevent it. Robust.
Voters cannot impede the well-being of corporations. The companies have the merit because the states estimate that they are potentially competing with 49 other contenders, not even counting local governments, for what is perceived as an economic merit. Is this an economic merit? If corporate welfare outweighs the drawbacks of tax incentives, does the local economy break even?The only way to be sure is to determine the effect on and after-the-fact. This would be a daunting task because the effect is not limited to the tax revenues generated. State and local governments deserve to fully disclose the scope of economic incentives. Taxpayers are asked to settle for the initial monetary incentive being the only incentive provided. It’s not. As taxpayers, we need to know the scope of tax incentives and why state and local elected officials consider it a smart concept to take from all taxpayers and give to a few. Taxpayers deserve to oppose corporate welfare as a matter of principle.
The Rhino has a long tradition of delivering news in Guilford County. The original Rhinoceros Times, founded in 1991, ceased operations in May 2013. Snap Publications relaunched the herbivorous beast, and in October 2013, the all-new, advanced Rhino Times was launched.
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