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Business, Administration & Management
Incentive
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<blockquote data-quote="jayem" data-source="post: 61945683" data-attributes="member: 8344"><p>At least on the surface, it seems that most of what are currently called business incentives are structured to eliminate, or mitigate an expense. I'll call these cost reduction incentives. Someone mentioned tax credits for new hires. Any such incentive that lessens a cost of doing business--like paying taxes--in essence is removing a disincentive. Accelerated depreciation is an example. All of what Republicans have proposed to help business--regulatory relief, tort reform, fair international currency valuation, etc.--are really the same. </p><p> </p><p>Offhand, I can think of 2 incentives that bring more money into a business. I'll call these revenue generation incentives. Direct subsidies are one. The other is patent and copyright protection. There are likely more I can't think of.</p><p> </p><p>Both cost reduction and revenue generation incentives are helpful for individual businesses, but there's an important difference. Theoretically, cost reduction measures should lower prices for consumers. Whereas revenue generation can lead to increased prices. Government subsidies to certain industries also are much more of a distortion of the free market. </p><p> </p><p>So, in a nutshell, I'd say that removing a disincentive (by cost reduction) is an incentive. And generally, that is more beneficial to consumers than incentives which directly increase business revenue.</p><p> </p><p>Edited to add: just remembered another type of incentive that helps business generate revenue--import tariffs. Which also increases prices.</p></blockquote><p></p>
[QUOTE="jayem, post: 61945683, member: 8344"] At least on the surface, it seems that most of what are currently called business incentives are structured to eliminate, or mitigate an expense. I'll call these cost reduction incentives. Someone mentioned tax credits for new hires. Any such incentive that lessens a cost of doing business--like paying taxes--in essence is removing a disincentive. Accelerated depreciation is an example. All of what Republicans have proposed to help business--regulatory relief, tort reform, fair international currency valuation, etc.--are really the same. Offhand, I can think of 2 incentives that bring more money into a business. I'll call these revenue generation incentives. Direct subsidies are one. The other is patent and copyright protection. There are likely more I can't think of. Both cost reduction and revenue generation incentives are helpful for individual businesses, but there's an important difference. Theoretically, cost reduction measures should lower prices for consumers. Whereas revenue generation can lead to increased prices. Government subsidies to certain industries also are much more of a distortion of the free market. So, in a nutshell, I'd say that removing a disincentive (by cost reduction) is an incentive. And generally, that is more beneficial to consumers than incentives which directly increase business revenue. Edited to add: just remembered another type of incentive that helps business generate revenue--import tariffs. Which also increases prices. [/QUOTE]
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