Isidewith political party quiz free#

Proponents argue that the jobs and tax revenue created by the companies eventually offset the cost of any awarded incentives. The European Union has strict laws which prevent member cities from bidding against each other with state aid (tax incentives) in an effort to lure private companies. Opponents argue that governments should spend the tax revenue on public projects instead and that the federal government should pass laws banning tax incentives. For the Arlington, VA headquarters the city and state governments gave Amazon $500 million in tax breaks. For the New York City headquarters the city and state governments gave Amazon $2.8 billion in tax credits and construction grants. More than 200 cities applied and offered Amazon millions of dollars in economic incentives and tax breaks. Amazon said the company could invest over $5 billion and the offices would create up to 50,000 high paying jobs. The announcement came a year after the company announced it would accept proposals from any North American city who wanted to host the headquarters. In November 2018 the online e-commerce company Amazon announced it would be building a second headquarters in New York City and Arlington, VA. Should cities be allowed to offer private companies economic incentives to relocate? Opponents argue that governments should never own shares of private companies. Proponents argue that US taxpayers deserve a return on their investments if private companies need capital. The Center for Automotive Research found that the bailout saved 1.2 million jobs and preserved 34.9 billion in tax revenue. In 2013 the Government sold its stake in GM for $39 billion. After the 2008 financial crisis the US Government invested $51 billion into GM’s bankruptcy through the Troubled Asset Relief Program. “One of the ideas is, if we provide assistance, we might take an equity position,” Kudlow said Wednesday at the White House, adding that the 2008 bailout of had been a good deal for the federal government. During the 2020 Coronavirus outbreak Larry Kudlow, the White House’s top economic advisor, said the Trump administration would consider asking for an equity stake in corporations that needed taxpayer aid. Should the government acquire equity stakes in companies it bails out during a recession?Ī state-owned enterprise is a business enterprise where the government or state has significant control through full, majority, or significant minority ownership. Opponents argue that a UBI would be detrimental to economies by encouraging people to either work less or drop out of the workforce entirely. Proponents of UBI argue that it will reduce or eliminate poverty by providing everyone with a basic income to cover housing and food. In the Alaska Permanent Fund each individual and family receives a monthly sum that is funded by dividends from the state’s oil revenues. The longest running UBI system in the world is the Alaska Permanent Fund in the U.S. Several countries, including Finland, India and Brazil, have experimented with a UBI system but have not implemented a permanent program. The funding for Universal Basic Income comes from taxation and government owned entities including income from endowments, real estate and natural resources. Opponents also point out that history has shown that dominance in technology is a revolving door and that many companies (including IBM in the 1980’s) have cycled through it with little to no help from the government.ĭo you support a universal basic income program?Ī Universal Basic Income program is social security program where all citizens of a country receive a regular, unconditional sum of money from the government.

Isidewith political party quiz free#

Opponents argue that these companies have benefited consumers by providing free online tools and bring more competition into commerce. Senator Warren argues that the companies have “bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.” Lawmakers in the European Union proposed a set of rules which include a blacklist of unfair trading practices, requirements that companies set up an internal system to handle complaints and allow businesses to group together to sue platforms. government should designate tech companies who have global revenue of over $25 billion as “platform utilities' and break them up into smaller companies. Democratic Presidential Candidate Elizabeth Warren issued proposals that would regulate Facebook, Google and Amazon. Should the government break up Amazon, Facebook and Google?