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...Governments can tap into tax dollars indefinitely...
Ain't that the sad truth.
Forgive the rant, but I think we may need to add some background to this.
We fund government initiatives via taxes to spur job growth and invest in employment opportunities. Every dollar is tethered to some form of employment, somewhere, aside from debt repayments and money sent offshore.
It is largely the same with corporations. Taxpayers investment in them, or give them tax breaks, for them to create jobs, and invest back into the communities where they operate, or expand their international operations, in order for them to create wealth, and create the wealth necessary to support government budgets.
Unlike governments, private corps need profit, to put away, to then re-invest. Governments can tap into tax dollars indefinitely, but corporations invest what capital they have left over, so they can leverage their profits, savings and profit potential.
So we need to invest in corporations, because government cannot do it all, and is not able to if it were asked to, as that's how the nation ultimately creates wealth.
It seems there are fewer and fewer people nowadays who understand that slicing the pie into more pieces isn’t the same as making the pie bigger.
I would never have thought that VV held supporters of the Fast Ferries or the long standing investments in Bombardier.
Harris Green parking lot envisioned for 23-storey rental tower with zero parking
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Developer behind Janion Hotel restoration and Northern Junk proposal receives national honour
Jon Stovell of Reliance Properties has been awarded a 2019 Governors' Award by the...
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