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Reply #10: Motorola turned themselves into an also-ran with relocations. [View All]

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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-19-09 11:25 AM
Response to Reply #5
10. Motorola turned themselves into an also-ran with relocations.
Invented the cell phone, had a 100% market share, began moving plants elsewhere, paid some quality and time penalties, and voila, Motorola no longer the most sought after phones in the world.

They're not out of business, they're just out of the running. Truth is, local taxes are deductible from federal taxes, so there are no net local taxes.

Local example: my town (God bless 'em) decided to "lure" an AT&T "call center" from somewhere up north (we're in west Texas), so they offered no local property taxes for 5 years, free training for employees at the local JC, interest free loan to build the place, and 10% subsidy of salaries by the local industrial development board.

Result? Company came, took the goodies, five years later, boarded up, moved to Lubbock for the current best deal. They're in Abilene now, I think.

Result for the town? An empty 20,000 square foot building in an industrial park that never happened. Still empty 8 years later. Also closed one local public swimming pool (out of 3) due to lack of funds.

That's what a race to the bottom gets you - the bottom.
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  -Taxes Not Seen as Making the Rich Flee New York DuaneBidoux  Mar-19-09 09:39 AM   #0 
  - I am starting to wonder  Raine1967   Mar-19-09 09:41 AM   #1 
  - He won't survive the upcoming primary.  onehandle   Mar-19-09 09:46 AM   #3 
  - As a citizen of New York State  Liberalynn   Mar-19-09 11:37 AM   #12 
  - Don't let the door hit your butt on the way out.  bemildred   Mar-19-09 09:46 AM   #2 
  - Next question: what is the role of taxes and regulations in the  hedgehog   Mar-19-09 09:47 AM   #4 
  - There have been a number of studies over the years...  TreasonousBastard   Mar-19-09 09:59 AM   #5 
     - Motorola turned themselves into an also-ran with relocations.  mbperrin   Mar-19-09 11:25 AM   #10 
  - For me it was NY or NC....  WriteDown   Mar-19-09 10:16 AM   #6 
  - I live in the NY/NJ area....  vi5   Mar-19-09 10:16 AM   #7 
  - Zactly.  knixphan   Mar-19-09 11:12 AM   #9 
  - Not true at all....  WriteDown   Mar-19-09 11:30 AM   #11 
     - You might want to consider the source on that:  hedgehog   Mar-19-09 12:44 PM   #13 
     - You can look at the census bureau statistics...  WriteDown   Mar-19-09 02:57 PM   #15 
     - A Manhattan Institute poll in the NY Post?  vi5   Mar-19-09 02:39 PM   #14 
        - What other choices do you have in NYC?  WriteDown   Mar-19-09 03:00 PM   #16 
           - I was thinking more of the job market/companies....  vi5   Mar-19-09 05:07 PM   #17 
              - Take a look at the amount of job loss in NYC right now....  WriteDown   Mar-19-09 10:52 PM   #18 
  - Not yet, anyway.  tyrant888   Mar-19-09 10:24 AM   #8 
 

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