RANT: The Discussion is about local tax authorities, C-Suite conveniences, not job growth

Milt Capps @miltcapps
Nashville needs to have “gravitational pull” for IT pro’s, says @tractor supply CEO Wright @lipscomb NBJ event @kateo @entrecenter @ed_dodds

Ed Dodds @ed_dodds
@miltcapps sf & ny have “pull” – they also have much inter firm job hopping; time for management to drop geo-lock #Terabit #Ethernet #Fiber

What we need is a completely different way to think about capturing the national gray markets and organized crime revenues (the “cash” economies). A national sales tax which is proportioned by person so that my city gets x%, my county gets y%, my state gets z% could be a corrective. Some other tool might work better.

Why this matters
All cities and states are concerned about bringing HQs of businesses to their TAX JURISDICTION; they only care about job creation and growth in so far as it can be TAXED. This is a Zero Sum game between states and the US ranks lower in disclosure technology adoption than many other regimes, so it doesn’t bode well internationally either (from an investor’s standpoint).

Innovation isn’t geo-locked, tends to be collaborative — @BobMetcalfe talks about (single) research universities, @jhagel and JSB talk about Innovation Clusters like Silicon Valley (note: “innovation cluster” is shorthand for lazy VCs won’t hop on a plane or drive 20 minutes–and more realistically “a place with a track record of hefty DoD investment”). Kennedy spaceshots, explorations to Mars and Alpha Centauri — whatever builds the rocket engines for the contractors. Oh, weapons of mass distraction in Iran before a presidential election, you say?

The Valley and Wall Street definitely have benefits (the first of which is that’s where the VCs and hedge funds are). But if you look at the success of global open source distributed development model (which, of course, isn’t the only one) then you see that business geo-lock is a function of revenue collection, not what’s best for the foundation platforms upon which innovation is built. Again, as Jim Clifton of Gallop points out, innovation without demand is meaningless. Hence the reliance on DoD, the only bipartisanly blind part of the fedgov budget guaranteed to grow. [You want electronic medical record adoption, then militarize heathcare (or nationalize {Jed Bartlett}) see WorldVista, VA, DoD].

Current corporate goals are 1) concentration of compensation in the C-Suite (Chomsky asserts most wealth since 2007 went to the top .1%–I realize I’m conflating and sloppy logicing here due to anecdotes), 2) reduction of corporate investment in local social safety nets (workman’s comp, other disabilities related charitable service support in proportion to employee utilization, shedding of legacy pension fund liabilities 3) taking advantage of globalization where regulatory laxity and judicial corruption literally allow a firm to get away with murder (see Apple and Foxconn suicides). Until “Say on Pay” is legalized in the US (with legal force not just “suggestions”–and stock holders grow a conscience), that won’t change.

Vote Technotarian ;-)

Next RANT: Corps refuse to invest in HR Innovation to take advantage of alternative learning path credentialing (I see you’ve graduated from Khan Academy, can cure cancer, but you don’t seem to have a four year degree ;-()