These incentives are often transferable tax credits. It isn’t unusual for a company to have little or no tax liability in the state offering the incentive. There are markets where the tax credits are sold to companies that do have tax liability in the state.
It’s effectively putting cash directly into the pocket of the businesses you seek to attract.
Other companies are putting that cash directly into those businesses, not the state. The ones with the tax liability just get to keep more of their cash, again not the state's!
Dude I'm as libertarian as they come; taxation is theft. But you're doing stupid things with semantics here. The company has more money to operate with; we're just talking about this from a business-operation point of view.
If you appreciate roads, education, police, fire, private property, military, food safety, breathable air, safe drugs, etc, then you shouldn't be trying to cut taxes whenever and however you can as a base principle.
While I agree we should have some taxes, for some of these things, I think the above list could be paid for with far less than what we currently spend. Plenty of waste. Also, for example, we could likely get away with spending a bit less on some of these, like the military for one.
It looks like you listed every sacred cow of public finance, but I'll just pick on the first... sure, for the most part, roads are publicly financed/owned (although built by privately owned companies). But, conversely, if you appreciate all the privately financed/owned driveways, toll roads, parking lots, fueling infrastructure and vehicles(!!), then you shouldn't be trying to raise taxes as a base principle either.
The truth is that there's plenty to appreciate and hate in both sectors, but there's only one that forces us to finance it, and we don't like being forced to finance something without having much say in the matter or if the results are suboptimal.
I'm curious, as a libertarian, how do you come to the conclusion that private property, which is a political construct, is a good thing, while taxation, which is also a political construct, established by the same set of laws, is a bad thing (If judging by your description of one being "theft" of the other) ?
I think that private property can be easily derived from individual rights. The right to control my own life, the right to do what I want, the right not to be interfered with. Those set a pretty strong precedent for private property. If I create something out of nothing, shouldn't I be able to keep that?
I could be down with taxation if someone actually offered me a contract to join the USA with all the provisions. But they didn't, they just implicitly assumed it, without my consent.
One of the oldest forms of writing that we know of, Babylonian tablets, are mostly about goods exchanges and paying taxes. I think that you assessment that taxation is a new thing is blatantly wrong.
Conversely, the concept of taxation is as old as civilization, and private property at current depth and scale is barely as old as the most recent extension of the rights associated with copyright in the DMCA, and already showing cracks.
You are talking to a libertarian and you assumed a right granted by state is a private property. Why ?
The private property I referred is land right, which IS as old as civilisation and have been acceptable by most humans ever.
Since most democracies are less than 200yrs old, the taxation cannot have been as old as civilisation.
When 100 people form a camp, they implement property rights before taxation. Historically taxations have been imposed by distant rulers not socially decided at local level.
> Since most democracies are less than 200yrs old, the taxation cannot have been as old as civilisation.
That would be true if the concept of taxation was dependent on the concept of democracy (and if it was correct that democracy was less than 200 years old, which is off by around an order of magnitude), which it is quite obviously not; taxation long precedes democracy.
> Historically taxations have been imposed by distant rulers
Historically, taxation (until fairly recently, in-kind; money taxes as the primary form is fairly new) has been imposed at every level from small bands to vast empires; it certainly is not correct that they've normally been imposed by distant rulers.
If Foxconn has 10 apples and they decide to move to Wisconsin. When they arrive, Wisconsin decides to NOT take 4 Apples away. How many apples does Foxconn have left?
