4 ms·
The same dance is played out with sports teams. Oh no payer-funded stadium? Fine, we'll move the team.
by technofiend 6y ago
The same dance is played out with sports teams. Oh no payer-funded stadium? Fine, we'll move the team.
- Traster 6y agoThere are two issues here though. The first issue there is that you have a negotiation between a private entity for whom costs are directly associated, negotiating with a public entity where costs are opaquely passed on to taxpayers, but for whom public benefits are often very direct. The second issue is that federalisation of taxation and spending creates a race to the bottom between state entities. The problem isn't only that some city doesn't want to throw money away on a stadium - it's that they're put in a position where another city will buy the team a new stadium. In reality this is state intervention to prop up a private business like a state buying warehouses for Amazon. It destroys the prospect of ever taxing corporations - or indeed more than that, it uses state spending to subsidize private corporations.
- jldugger 6y agoOr even just moderately sized companies nobody in their right minds is hinting at breaking up: https://www.npr.org/sections/money/2016/05/04/476799218/episode-699-why-did-the-job-cross-the-road https://www.npr.org/sections/money/2016/05/04/476799218/epis... I don't think the size of the company really matters, just how hungry politicians are for votes, and how starved their government is for tax money.