Tag Archives: business

In an attempt to lure businesses to their territory States giveaway BILLIONS of dollars in inducements with hope for collateral return on their, sort of, investment. Whether in the form of grants, tax forgiveness/postponement, building fees/code waivers etc., the numbers are staggering. More importantly, as with the case of massive bond-issues for Pro-Team Stadiums, the revenues generated never compliment the huge monetary burden leaving the taxpayers with the bill.

Moreover, the entire scheme illustrates how the relationship between business concerns and the Public’s trust-in-the-hands of Government has become a perverse form of corporate welfare.  Read more...