No Home-Team Edge for Local Businesses
Communities should offer tax incentives not only to entice new businesses, but to help local companies expand. Plus, are divorce laws fair?
I agree that this disparity is not ethical. Relocation incentives are a legitimate economic-development tool, and they can be especially effective in promoting new kinds of businesses that are not currently located in the region. (And yes, that can elevate local wages -- generally a positive for the community, if not for your firm.)
But similar inducements should also be offered to help local companies like yours to expand. Many communities grossly overspend -- with taxpayer dollars -- to attract high-status new firms that end up employing very few people, while neglecting the growth potential of their homegrown businesses. That's not only unfair, it's also bad for the local economy.
Ethics of divorce
Q: My husband and I are splitting up after 15 years of marriage, with no children. We started out with nothing, but due to my success in business, we accumulated several million dollars' worth of assets. He worked at home all those years, doing freelance writing and managing our household. Now he says he's entitled to half of everything, even though I earned it all myself. Is this fair?
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Conceptually, yes.
Modern divorce law has come to view marriage as a partnership with a mutually agreeable division of duties. Each spouse's role is deemed important to the material success of the couple. That enables homemaker wives to receive, in divorce, half of the wealth earned by their executive husbands, whose careers they presumably helped advance by the work they did at home. The same concept might reasonably apply to you and your husband.
Have a money-and-ethics question you'd like answered in this column? Write to editor in chief Knight Kiplinger at ethics@kiplinger.com.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
Knight came to Kiplinger in 1983, after 13 years in daily newspaper journalism, the last six as Washington bureau chief of the Ottaway Newspapers division of Dow Jones. A frequent speaker before business audiences, he has appeared on NPR, CNN, Fox and CNBC, among other networks. Knight contributes to the weekly Kiplinger Letter.
-
What To Look for in Great Dividend Stocks
Dividend-paying stocks have lagged lately but are due for a comeback. Here's what to look for in great dividend stocks.
By Kim Clark Published
-
How to Retire Early by 40: Build the FIRE Now
It's not easy, but you may be able to retire by 40 or 45 if you take these FIRE (Financial Independence, Retire Early) steps now.
By Jacob Schroeder Published
-
403(b) Contribution Limits for 2024
retirement plans Teachers and nonprofit workers can contribute more to a 403(b) retirement plan in 2024 than they could in 2023.
By Jackie Stewart Published
-
Roth IRA Contribution Limits for 2024
Roth IRAs Roth IRA contribution limits have gone up for 2024. Here's what you need to know.
By Jackie Stewart Published
-
Best Foreclosure Sites for Finding Properties
Making Your Money Last Wondering how to find foreclosed homes for sale for your next residence or to flip for a profit? These websites will guide you to foreclosures and real estate-owned properties to buy.
By Bob Niedt Last updated
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How Much Life Insurance Do You Need?
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life-insurance needs.
By Kimberly Lankford Published
-
When Is Amazon Prime Day?
Amazon Prime In 2023 Amazon had two Prime Day events — one in July and another, called Big Deal Days, in October. We expect 2024 to follow the same schedule.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published