Word: leveller
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Dates: during 1990-1999
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...just Oklahoma's subsidies that persuaded Seaboard to relocate. The Albert Lea work force was unionized; wages had risen to $19,100 a year--still $3,100 below their level in 1983, but too rich for Seaboard's blood. Guymon, by contrast, promised low-wage, nonunion labor. Also, Seaboard had decided it wanted to raise its own hogs for slaughter, not just buy them from farmers. Minnesota banned corporate hog farms. Oklahoma had had a similar ban but had repealed it before Seaboard came along...
...provided $25 million in insurance for business ventures abroad. As for the financial burdens imposed on other taxpayers by virtue of Seaboard's presence, no one knows the cost. It is in the tens of millions of dollars. And all this for jobs that pay little more than poverty-level wages...
SOLUTION NO. 1 for ending corporate welfare at the state and local level: the levying of a federal excise tax on incentives. Under this proposal, Congress would enact a law imposing a tax equal to the value of the economic incentives granted to a company. In other words, if New York City and State governments were to give $600 million to the New York Stock Exchange, the Federal Government would hit the stock exchange with a $600 million federal tax. Hence no more value to economic incentives. No more bidding wars among governments...
...edge in selling lucrative word-processing, finance and other software to users of Windows, which runs more than 90% of the world's personal computers. The court could supervise the sharing of Microsoft's codes--known in techspeak as application-program interfaces, or APIs--and thereby ensure a level playing field for all programmers who want to write for Windows. Not surprisingly, Microsoft sees no such need. "Our applications are successful because they are better products, not because there is a cheat sheet," says Tod Nielsen, the company's general manager of developer relations...
...stories you told of local and state governments' ignoring people's needs in the pursuit of low-wage jobs reminded me of how important my vote is at the local and state level. Where I live, we've elected a city council that has taken a pledge to allow no more corporate tax breaks to attract new business. EDDIE SNIDER Austin, Texas...