Naj0rt - 12:48 am on May 25, 2013 (gmt 0)
I know that my town had a lot of good businesses once, and then we got greedy and tried to tax them more and more, so they left for a different town a few states over. That town didn't want to tax them much at all, they just wanted the jobs it would provide.
Hey StoutFiles I'm just a new member and you are senior so with due respect maybe you are jumping to conclusions about why businesses are leaving your town? Can you be specific about these tax increases and what town you are referring to?
For disclosure I'm not American so go ahead and inform me :)
To be fair, we'd have to tax Apple pretty hard for them to leave...
I agree but there's more to it than taxation. The pull factor of America 'The Greatest Country in the World' is an example. Would you rather be a prestigious American company or a prestigious (insert any other country) company? The whole companies will leave if they are taxed fairly is bupkis IMO.
Uncountable books have been written on this issue and tbh I've only read snippets of relatively few but I've learnt enough to know that economic push/pull factors and a thing they call Glocalization (and economics in general) is often complex beyond human understanding. In other words the worlds smartest economists don't know, or at least can't agree.
The solution is not that as complex as politicians try to make it sound...
I've got a ton of respect for you diberry and usually agree with what you say but not in this case. The basics of economics are mostly simple concepts compared to say science and engineering but the simple concepts break down quickly when real world examples prove unexplainable.
I can see another comment directed at me but I've gotta run so I will quickly point to the GFC to illustrate the real world complexity of economics. There's lots of good doccos about the GFC and you really need to watch lots of them to get a balanced POV but you won't have to watch many to realise how difficult it is for governments to control economics/finance/tax avoidance.
If you're interested a good start is Inside Job:
And the Khan Academy finance videos...