Bill, If you were in business you would know that everyone wants to stick it to you.
In Indiana, you pay 3 times the appraised value of your commercial building for property taxes.
Electric company charges you more, a commercial rate.
Phone company charges a commercial rate.
You match the employees SS. You have to pay into both state and fed unemployment fund.
Commercial rates for insurance.
Health care costs.
Higher than many countries for corporate taxes on profit.
Higher labor costs, pension, health insurance for retirees.
Yes, it takes good management, in a country that is more business friendly.
Look at Illinois, my neighbor to the west. Their solution to the problem is MORE TAXES, MORE TAXES. AND MORE TAXES. People and companies are moving out. Some are moving to Indiana.
Another problem is factories can't find qualified people to fill $15-$20 positions. Look at arrest records, our jail is full of druggies that can't past drug test.
When labor costs and pensions get too high, business will sell out, change name, move to another town, get a tax abatement, and reduce labor costs. This has been going of for decades.
And some like Carrier are moving to Mexico.
I'm sure the list of reasons why companies fail is more detailed. Companies have to make a profit or go out of business.
Case used to make payloaders for government in Terre Haute. Union was told if you go out of strike, clean out your lockers, we are going out of business. Labor went on strike and Case moved out of town. Property sat empty for about a decade. Case never came back. geo
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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