2 ms·
Nothing went wrong. They dodged a bullet. Tax breaks to "create" jobs, public financing of professional sports stadiums, hosting the olympics. None of these
by elliekelly 8y ago
Nothing went wrong. They dodged a bullet. Tax breaks to "create" jobs, public financing of professional sports stadiums, hosting the olympics. None of these are good investments of public funds. They aren't even mediocre investments. They're bad for everyone but corporate beneficiaries and the politician who gets to pretend he or she did something useful for five minutes.
- longerthoughts 8y agoThis has always been my gut feeling about these deals but happen to know of any research highlighting the observed results?
- elliekelly 8y agoI actually just came across this one this morning and happen to have it open in a tab. I'm only about halfway through but it's really interesting. They mention that some states have constitutional clauses that would seem to prohibit these sorts of arrangements altogether. I'm planning to check Westlaw to see if anyone has ever brought suit alleging the breaks to be unconstitutional but I haven't had a chance yet. https://www.mercatus.org/system/files/farren_and_philpot_-_policy_brief_-_amazon_hq2_the_story_so_far_-_v1.pdf https://www.mercatus.org/system/files/farren_and_philpot_-_p...