Close but not exactly. A) it's not a tax. It a workplace regulation just like any other. B) the multiplier effect is more usually discussed in the context of banking but this application of the theory is little different than Bush's tax cuts except that the people whose bottom line increases are likely to spend it immediately which Bush's beneficiaries are not. C) It's not an either/or proposition. Economic development is done by the city government and the current government opposes this measure and denies the economic benefits. So we could also continue to give tax revenue to corporations (who do not return it to the local economy) and we probably will unless we get a new mayor. I am merely saying that if we are going to redistribute income, doing it this way not Mayor Marty Chavez's way seems to have both compelling moral arguments and advantages for the local economy. D) By the way, this measure is proposed in Albuquerque not New Mexico. The governor has presidential aspirations and is staying far far away ;) However such a measure was passed a while back in Santa Fe and seems to be working, if the councillor who sponsored the original measure can be believed.
Dana On 9/27/05, Gruss Gott <[EMAIL PROTECTED]> wrote: > > > Dana wrote: > > Another problem with your model though is that outsourcing costs, from > my > > reading, tend to run much higher than the rate per hour reflects, to the > > I want to make sure I'm understanding you so please, tell me where I'm > wrong: > > You're saying the best thing for New Mexicans is to have a state > mandated business tax that goes directly to employees, otherwise known > as a "living wage". You believe that injecting this business tax into > the economy will have a "multiplier effect" since the beneficiaries of > this social program will spend the money in the local economy thus > revving it up. Further you argue that if you do not levy this tax, > those business tax dollars will go out city and/or out-state. > > Am I correct? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:175284 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
