3 ms·
I don't even mind a city competing on that field if they want to do so. My issue is when cities compete on that field with state money ala Racine-Foxconn. So no
by bilbo0s 8y ago
I don't even mind a city competing on that field if they want to do so. My issue is when cities compete on that field with state money ala Racine-Foxconn. So now Pardeeville, which has problems of its own, is on the hook to subsidize jobs for a bunch of illinois guys who will be taking the train in to Racine every morning.
That's not cool.
But yeah, if Racine County wanted to come up with the 4 billion on their own, that would be a whole different story.
- frgtpsswrdlame 8y ago>I don't even mind a city competing on that field if they want to do so. I think you should since it's fundamentally distortive of the market. While a few giant corporations who are going to get the mayor and some council member's names splashed across the paper get billion dollar deals the rest of the employers in the area don't - it's an unfair competitive advantage. There's two marketplaces at work here. One is with cities as atomistic units competing amongst themselves for jobs and the other is within cities with businesses competing amongst each other (on multiple dimensions.) Right now we corrupt both, the proper solution is to corrupt neither and that requires entirely ending these tax deals.