Quote:
Originally Posted by McBane
You can't compare Philadelphia to SF, Seattle, or NYC. Those cities have hugely successful and booming economies and far lower rates of poverty. It's very different to enact progressive taxes and regulations that could stifle business when you're already a successful booming city. Companies in those cities are willing to overcome high taxes and onerous/progressive regulations.
Philadelphia is not there yet and until we get to that point, it's my opinion that our leaders should focus more on attracting companies and growing high wage jobs as opposed to reinforcing the image that we're a difficult and expensive place to do business.
Surely, you don't think that the answer to Detroit's problems is to increase the minimum wage, raise taxes, and pass regulations to help out "the little guy"?
I'm not saying we're Detroit, but we're not Seattle either.
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Seattle was a relatively small niche town - kind of like Portland now - 25 years ago. It's not a legacy powerhouse city like NYC or LA. Microsoft aside (based over in Redmond anyways), its crazy success is recent, and potentially repeatable. 25 years ago, it had a reputation as a hip, progressive, forward-looking, alternative, bohemian seaside mecca, not a tax haven.
I do think this convo is probably impacted by what 1) business we're all in and 2) age. As a person in a creative field who loved Philly's creative vibe and started a business here as well, I could honestly give two flying f**ks about the tax structure - it was about a cool place to work, with nearby smart and like-minded talent, affordable and moving in the right direction, etc..
Now, if you're an accountant, and none of that applies and your life's work is trying to rub 2 penny's together to make a nickel - then I can see how Philly through that lens comes off probably onerous and exasperating.
And I think we all agree that Philly needs to shift it's global perception somehow. McBane believes that perception shift is more about business taxes and regulations whereas others like reparcsyks think it's more about showcasing itself as cool, forward thinking, creative and sophisticated (and not a backwater). I do think McBane overestimates the impact of taxes with, say, a company of 10 30-somethings who are looking for a place to grow the "next big idea" into a thousand person company and want a cool, high-ceilinged, brick trimmed, loftspace at an affordable price in a hip neighborhood with a bunch of good beer options and nightlife for team-building events; that's bikeable, accessible to Amtrak and the airport, and proximity to elite university talent. Taxes and regulations - to a company like that - just aren't as high on the list as one might think.