Hello and thank you for your replies in advance.
I often read reports that proudly boast about Company X or Business B choosing a particular municipality in the Commonwealth of Massachusetts in exchange for something from our government, either in a tax break or some other tangible monetary gift to the business owners.
In exchange, we, the working class citizens of the Commonwealth get “jobs”….but there is no qualification as to what the jobs are, how much they actually pay, or any of the nuts and bolts that a guy like me would be interested in, if they exist at all. I have asked in the past only to heat that the jobs “pay well historically” or other such smoke, but again, no details and what seems to be a lot of “trickle down”.
Way back in the early days of our nation, President Washington gave tax incentives to New England cod fishers to rebuild their fleets after the Revolutionary War on the condition that the captains and the crew sign contracts ensuring broad-based profit sharing among all workers. On February 16, 1792, Congress passed and Washington signed a new law mandating that three eights of this allowance would go to each vessel’s owners and five eighths would go to the crew. Allowances would only be paid if the shipowner had a written profit sharing contract with the sailors before the voyage covering the entire catch. The shipowner could collect his allowance from the government only if he could produce this agreement.
Was there any such provision in the tax allowance given to General Electric, or proposed to Amazon, or included in any such arrangements our state government has entered into with business owners (like the casino owners?)…if not WHY NOT?