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There is a larger issue of a level playing field. These kind of subsidies are a race to the bottom. Instead of business growing the overall economy they shrin
by throw2016 8y ago
There is a larger issue of a level playing field. These kind of subsidies are a race to the bottom.
Instead of business growing the overall economy they shrink the economy by the amount paid out in subsides, since these businesses will be built anyway if not here somewhere else in the country that is a overall loss to the country. So you are actually subsidizing business on the national level, which is why businesses should not be allowed to cynically play off states against another.
Focusing on localized gains by the logic of 'something is better than nothing' misses the bigger picture and is misleading and disingenuous.
It's like if tax payers could be incentivized to file in different regions by competitive breaks to grow the local tax filing economy and revenue of various regions, that is a shrinking of overall tax revenue though it may be a rise for specific regions.