Re:GE will move headquarters to Boston
by ChrisLomont on Wednesday January 13, 2016 @05:52PM
(#10898299)
800 probably well paid employees, that buy houses, who pay property tax, who pay local income tax, who pay for local restaurants, entertainment, and other items, a company that will hire from the local region, that will need services and provide revenue for many other local businesses.
And this is just after 3 seconds thought. Another 3 seconds will likely reveal more.
Another 3 seconds will reveal that your thinking is similar to the justification used for spending public money on stadiums, and giving tax breaks for movie filming. Both of which have been proven to have negative effects on the local economies.
That's $181,250 per employee in tax-benefits. I'd be interested to hear what you think those 800 people "bring and represent" other than another screwing of tax-payers for the benefit of corporations.