July 27,
2023
Boeing
wants a huge tax break for expanding its business and making money for itself.
Oh, they project big profits for the area, but we all know how that works: Projections
are based on best-case scenarios, and never seem to include cost overruns during
expansion.
For years,
employees everywhere heard, “Times are hard, so we can’t give you a raise this
year, but hang in there.” When are shareholders going to hear, “We’re using the
profits to expand the business, so your returns may be lighter this year, but
hang in there—it’ll be worth it in the end.”?
Any tax
breaks granted to any company should be accompanied by a contract guaranteeing
that the jobs promised will pay at least mid-range salaries, that they will
increase with the cost of living, and that the company will stay for 20 years
after the tax breaks have expired. In other words, workers will make a living
wage, and the company won’t scoop up the money, then run.*
However,
should Boeing fund a pet project of mine that is guaranteed to bring me a nice
profit, I may change my mind. Have their people call mine.
*If you’ve
been reading since 2015, you’ll know I’ve said this before.