Colt to open factory in Florida

[twyacht]

Corporations are ALL getting hit over the head with a ball bat. Small business's even more, The smart ones determine which batter hits the softest or find the largest loopholes. (Which are legal).

Until the tax code changes, this is the reality.

[Solus]

Corporations are ALL getting hit over the head with a ball bat. Small business's even more, The smart ones determine which batter hits the softest or find the largest loopholes. (Which are legal).

Until the tax code changes, this is the reality.

With that I will agree...it is reality...

But if giving a company a break on the BS is good for the state economy because a business will prosper and grow without it, why the hell are they doing it to the companies there already?  They don't want them to grow and prosper and be good for the state economy?

Yeah, it is the reality, but it is stupid and just another way the government sucks the people dry.

[tombogan03884]

It's no different the a store having a sale to attract new customers or a bank offering a "special introductory rate".
Attacting new busnesses is a better way to create jobs than running deeper into debt and making yourself even less competitive.

[Solus]

It's no different the a store having a sale to attract new customers or a bank offering a "special introductory rate".
Attacting new busnesses is a better way to create jobs than running deeper into debt and making yourself even less competitive.

It compares to a store having a sale only if the store is selling stolen goods.

The state government should not be taking anything from citizens or business that they don't need to do only the job they are allowed by law to do.  If they can give a company a break on what they steal from them to entice them to move to the state that only means they are stealing more from those who are already there.

The 'smart' way to attract business is to provide a low tax structure, both corporate and individual, minimal hoops for business to jump through, a low cost of living and an education system that will actually produce a quality product and you will have a real 'Workers Paradise".

The key is low taxes, minimal government intervention and an attractive place for quality workers to live.  No reduction in the amount of beating a company will receive in the state will be necessary to attract the company or workers, and there won't be any beating of the companies already there to allow for any reduction as a bribe.

Sort of like a honest store advertising "Low everyday prices".  While a company can be motivated to make as much profit from it's customers as possible, that SHOULD NOT be an objective of any government.   

[Timothy]

Staying out of the fray here but one thing I noticed over the year I lived in CT recently is how much the gun laws have been subverted since I left the state in 1996!

It could be that Colt was shopping for another place to build due to restrictions that CT is placing on them here.  More and more I see the laws of CT coming in line, somewhat, with MA.  Considering that, and the absolutely ridiculous tax burden placed on business in "Collecticut", I don't blame them.

Like S&W, some of Colts firearms cannot even be sold within the states borders.  Recently, the State Legislature tried to start a magazine restriction bill, thankfully, it never got of committee but they'll keep trying.

[Sponsor]

[Pecos Bill]

This is nothing more than corporate greed. Colt is moving so they can hire workers for less money than they are paying in CT. How many of the suits moving with the plant are going to take a cut in pay? Yeah the state's incentives are bringing some jobs to FL (at the expense of jobs in CT) but at what cost? There is a loss of tax revenue and what about the cost of infrastructure? This is what we are teaching in our business schools, The bottom line is the holy grail.

A lot of people on this forum rant and rave about the too powerful unions and I agree that some have gone too far but we are seeing a return to the business philosophy of the pre-union era when corporate heads carried nothing about the workers making them money. "Keep them poor and we'll make all the money." I think it stinks.

Rant over, Pecos

[Timothy]

It's a valid point Pecos, no need to apologize!  I hadn't looked at it that way myself.

CT is a right to work state but there is a large union base in the shipbuilding and other industries.  You make a good argument.

I will add this though.  If wages are lower in Florida, there are several reasons for it.  One is the cost of living which is in the stratosphere in the north.  Another is the amount of illegals that reside in Florida that will tend to drive wages down.  I have direct experience with this as a company I worked for in the past was based in St. Pete and paid the men their four or five bucks an hour less than we were paying in RI for the same work!

A lot of things make a company move or open other facilities, they are all based on economics in every aspect.  I still don't have a problem with a company or corporation trying to make a profit.  Colt has no friends with borders as far as guns are concerned.

[Magoo541]

With that I will agree...it is reality...

But if giving a company a break on the BS is good for the state economy because a business will prosper and grow without it, why the hell are they doing it to the companies there already?  They don't want them to grow and prosper and be good for the state economy?

Yeah, it is the reality, but it is stupid and just another way the government sucks the people dry.

To some extent the founders wanted it that way.  If a state was punishing the winners they could vote with their feet and leave to a more accomodating state.  We've seen it in CA with a huge exodus of businesses (and retired cops to OR) and in WA with Boeing trying to locate some manufacturing to SC (which was stopped, until this week, by the UNIONS because SC is a right to work state and WA is not-part of why I left.)

It also gives we the people an incentive to get involved in our local politics, which is hard when we are working twice as hard to support our families and the PARASITES!  Did you know that 60% of Oregonians are on food stamps or that the number of NJ food stamp recipients has quadrupled in the last, what, four years?

We are so screwed.....

[tombogan03884]

This is nothing more than corporate greed. Colt is moving so they can hire workers for less money than they are paying in CT. How many of the suits moving with the plant are going to take a cut in pay? Yeah the state's incentives are bringing some jobs to FL (at the expense of jobs in CT) but at what cost? There is a loss of tax revenue and what about the cost of infrastructure? This is what we are teaching in our business schools, The bottom line is the holy grail.

A lot of people on this forum rant and rave about the too powerful unions and I agree that some have gone too far but we are seeing a return to the business philosophy of the pre-union era when corporate heads carried nothing about the workers making them money. "Keep them poor and we'll make all the money." I think it stinks.

Rant over, Pecos

Then you must like paying more for a Colt than for a similar gun from another maker.

[Pecos Bill]

Guys, I have no problem with a business making a profit. If a business doesn't make a profit it won't be a business very long and their goods/services will no longer be available to the consumer. What I have a problem with is a business which closes in one location and moves to another in order to pay it's employees less in order to make more money while the management team makes the same money they made before the move. That is corporate greed! That's why businesses relocate. Not to lower the cost of their products. That's what I think stinks.

No Tom, I don't want to pay more for a Colt. I think they are over priced now, why would I want to pay more? When has the cost of a product gone down when a manufacturer move to cheaper labor? Our auto companies produce most of their vehicles in cheap labor markets and the price goes UP every year.

What we need in this country is to throw this "them against us" attitude between management and labor out with the bath water and everyone sit down and figure out how to keep and put people to work and everyone get a good wage. BUT as long as the suits and the non-suits are self-centered "it ain't gonna happen". We can't get it down in government so what makes us think business will?

Pecos