I may or may not be any number of unfathomable beings.

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Cake day: June 8th, 2023

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  • Thing is if they do that there and we don’t do it everywhere at once, the corporations will just move their operations to some other state with a better tax rate and then LA is left with nobody to employ their citizens.

    I want to be very clear that I’m not condoning this but the reason this continues so readily is because this keeps the corporations operating in their area. A little bit of tit for tat and money under the table ensures that the labor pool in your area stays employed, at a bit of cost to the people’s well being and the federal coffers. If you just crank up the business tax rates suddenly then within 5 years all the big businesses will be gone. That might be a good thing long term but it’s going to be a very very bad thing short term.

    Allowing states to dictate their own tax rates was a trap that we walked fully into and now I don’t see a way out of it without discarding that and taking over control of that federally. Which is something that will never ever fly in American politics.