Quote:
Originally Posted by seattleflamer
So incentivizing the private sector to build unprofitable housing for a basic, social need is the same as building an arena used for cultural purposes and disposal income?
I get it that on its face it is hypocritical. But one is a basic need that goes unfilfilled and isn't viable as a project without government incentive.
The other is simply corporate welfare pitting one tax jurisdiction against another.
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Are cultural purposes not basic social needs? I think you'd find plenty of people that argue that they are.
The point of my comment is that you can't point at one thing as being unacceptable because it provides the means for private businesses to reap massive profits on one hand and yet find it perfectly okay on the other. If you have additional reasons for supporting one over the other fine, but that rationale is out the window if we're talking tax credits.