Submitted by tawhuac t3_ym3qgj in Futurology
axecrazyorc t1_iv53xko wrote
Reply to comment by New_Parsley6211 in As long as incentives are misaligned, it's improbable to achieve change by tawhuac
>Offer tax cuts
>Force them to not use taxpayer money
A cat and a dog can’t make children. These things are inherently incompatible. If corporations get a tax cut the burden falls on the rest of us; it’s the same as NOT giving them a tax cut and just giving them money. It all washes out the same.
Give small businesses loans and other incentives. Carefully monitor the systems involved to ensure we don’t see the shit we had during COVID where giant corps took grants meant for mom-and-pops and pocket the money. If a business takes out a loan make them lay out exactly what that money will be used for. If they say they’re going to invest in improved infrastructure, make sure they actually do it. If they violate their word, hammer them so hard they never recover, and make sure that punishment extends to investors: make that company a liability rather than an asset.
Meanwhile, tax corporations at at least the same rates as everyone else. You don’t get a tax break just because you employ 500k people. Tie tax exceptions for corporations to public works, on the condition that they’re truly public. Walmart builds a new bridge or funds a new desalination plant, rebate them the cost of the facility over a five year period. If it fails due to any circumstances other than terrorism or acts of God, the rebate process ceases immediately.
Capitalists love to talk about all the good corporations do, it’s time to put their money where their mouth is and tie the rewards they traditionally get for just existing to ACTUALLY doing good.
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