This stupid – from the Mish’s:
As proof of the misguided, counterproductive policies of Illinois, Governor Quinn hiked corporate incomes taxes to bail out a state deep in fiscal trouble, (it did not and will not work), now grants corporations hefty incentives to not move to Texas.
The Chicago Tribune reports $100 million keeps Motorola Mobility in Illinois:
Gov. Pat Quinn put up more than $100 million in financial incentives to persuade smartphone company Motorola Mobility to keep its corporate headquarters in Libertyville — the largest package he has offered a company to date and a signal of how badly the state wants to hold on to high-tech jobs…
Raise the business tax, companies start to leave…so, give them a tax break to keep them in the State. Hey, Quinn, how about not raising the tax to begin with?
This is so messed up it is unbelievable. Taxes are hiked hitting all businesses. The big boys start threatening to move out. Kowtowing to another part of the Ruling Class, the Democrats pony up tax breaks for the big boys. The small fry? Well, they get to keep paying the tax – and, of course, going out of business. Who is screwed? Everyone who is not tightly connected with the Democrat party.
It is because of things like this that our whole economy is a mess. Democrats keep playing around with it. They don’t see the economy as something we, the people live and work in, but as a means to their ends…and their ends are power and wealth for themselves. Over the past century, Democrats have imposed a Byzantine series of taxes, tax breaks, regulations and exemptions to regulations – all of which ensure that those who play political ball with the Democrats are taken care of, usually out of taxpayer dollars. Everyone else can get stuffed…or, as its actually turned out, unemployed and losing their homes.
And they’ll keep doing it until we stop them – they don’t care if the country falls apart. The only thing which worries the Democrat leadership is the prospect of losing personal wealth and power. As for what worries the rank-and-file, I really can’t say…perhaps a fear of losing welfare, perhaps just a hatred of all things non-liberals, I don’t know. But whatever else happens, we have to get these clowns out of power – out of power now, out of power for ever. America cannot survive another generation of Democrats screwing with the economy.
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