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It turns out that in many cases there is no " net profit (...) regardless of subsidies" In fact, in some cases the jobs that the subsidized company 'creates' a
by jmngomes 8y ago
It turns out that in many cases there is no " net profit (...) regardless of subsidies"
In fact, in some cases the jobs that the subsidized company 'creates' are move expensive to taxpayers (due to subsidies) than it would be to just pay the same people to not work, or work on something else that is actually productive for society at large.
Here's a good analysis of the issue: https://www.theguardian.com/cities/ng-interactive/2018/jul/02/how-much-does-a-tech-bro-cost https://www.theguardian.com/cities/ng-interactive/2018/jul/0...
- jnordwick 8y agoI hate the Guardian so much. Such a useless rag. The article assumes that these "costs" are giving a company a huge check, not tax deductions and the like.
- JetSpiegel 8y agoTaxes are mandatory, so thst's a distinction without difference.
- jnordwick 8y agoNot mandatory if they put those jobs elsewhere.