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Good government incentives should support something that wouldn't otherwise happen. They balance out market inefficiencies. The lack of risk capital for startup
by pergadad 8y ago
Good government incentives should support something that wouldn't otherwise happen. They balance out market inefficiencies. The lack of risk capital for startups or affordable loans for SMEs is an inefficiency. The reduction of costs for highly profitable mega-corps is not a market inefficiency.
- paulddraper 8y agoAnd even worse than a bad incentive is a selective one. It'd be one thing if New York passed a law that any company that does ABC can get XYZ. They didn't. They said one company, and one company only, can get XYZ.