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Hot take: companies shouldn't get tax breaks, sweetheart deals, etc. ever, for any reason other than being non-profit public good companies. Succeed or fail on your own merits. Bootstraps and such, just like us poors are supposed to be able to do.
In fact, taxes should scale with a company’s purported value, profits, something along those lines.
The more you make the more you pay, until eventually you hit the ceiling, and everything above that is taxed at 100%. Same with money hoarding individuals.
I’m so tired of these welfare queens living on the public dole. They come into our communities with their hands out, trying to get something for nothing, while giving basically nothing back to society and spawning more of themselves to continue the leeching. And they take so so much more than all the social programs combined would. At what point do we say enough is enough?
I understand this desire, but its a potentially simplistic view. There are times that for every $1 worth tax break to one entity generates a scaled $10 of tax revenue for the city or state. Why would it make sense to lose the overall net tax revenue to the people?
Sometimes it means that city or state has jobs that can employ their residents instead of the city or state continuing to decline when people move away for needed jobs. There are simply lots of places that companies don't want to go and that its sometimes worth it to offer the tax break to incentivize them to come.
Other times it can be for a company to come in and offer a needed service to the community that would otherwise be unprofitable, and the residents would simply need to go without.
Unless your city or state is an extremely desirable place to be, its frequently difficult to get new employers to come or expand in undesirable places.