Michael
Elite member
- Nov 19, 1999
- 5,435
- 234
- 106
"we had before FDR where a select few robber barrons contolling everything, very low wages, non exsistant middle class and child labor"
That's a false statement. A few "robber barons" did not control everything. Wages were not "low". Therre was a "middle class". Tyhe definition of child and child labour has changed over the ages. When the main industry was farming, children laboured (and labour on farms today). The early industrial age had a resurgence of "child labour". As society became richer, there was no longer a need for that labour pool and the "exploitation" ended.
The R&D tax credits are/were available for every company. Government grants and tax credits are different animals. Your example was a grant, not a tax credit. Plus you whined that a company that invested in professionals whose job was to ensure that grants were dealt with properly received the grant. All things being equal, a large comapny is lower irsk and more attractive for that type of investment, just like they are for almost all business arrangements.
Michael (ps - I don't care that much about Mike/Michael, but I do go by Michael and always have)
That's a false statement. A few "robber barons" did not control everything. Wages were not "low". Therre was a "middle class". Tyhe definition of child and child labour has changed over the ages. When the main industry was farming, children laboured (and labour on farms today). The early industrial age had a resurgence of "child labour". As society became richer, there was no longer a need for that labour pool and the "exploitation" ended.
The R&D tax credits are/were available for every company. Government grants and tax credits are different animals. Your example was a grant, not a tax credit. Plus you whined that a company that invested in professionals whose job was to ensure that grants were dealt with properly received the grant. All things being equal, a large comapny is lower irsk and more attractive for that type of investment, just like they are for almost all business arrangements.
Michael (ps - I don't care that much about Mike/Michael, but I do go by Michael and always have)