Tuesday, August 25, 2015
Why Companies Getting Tax Breaks Should Help Fight Senior Poverty
Is your town or city experiencing growth? Economic development can be a great gift to residents. The creation of new jobs and the amenities that local government officials offer to attract corporations can increase property values and improve the quality of life for residents. Some officials offer major corporations tax breaks as an incentive to move all or portions of their operations to the area. These tax breaks and other incentives can total millions of dollars for one corporation, while some senior adults in those same communities suffer because they do not have consistent access to food or transportation.
I do not believe that business owners should be strong armed into supporting any cause or program. As I wrote in an earlier article, many entrepreneurs are vessels of love. We strive to share our profits to do good in the world. That's the true calling of an entrepreneur. At the same time, business owners who are given special benefits in the name of economic development initiatives, have a social responsibility to give back to the community where those taxes were collected. I believe that one of the best use of corporate donations and sponsorship dollars should be to help eradicate poverty, especially among senior adults.
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