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The process Mark Cuban describes already goes on all the time at the state level. States routinely give giant tax breaks and other financial goodies to companie
by gallerytungsten 15y ago
The process Mark Cuban describes already goes on all the time at the state level. States routinely give giant tax breaks and other financial goodies to companies that promise to build a plant, create jobs, or otherwise invest in the state economy.
The problem right now is that this system is generally highly political, unfair, and non-transparent. Cuban implicitly identifies this problem with his idea that the decision-makers should have not made political contributions for five years.
Additionally, states routinely fail to put an enforcement mechanism in place, and they're shocked, just shocked, when they discover they've been fleeced.