I was just re-reading the article on the web. While they don't have the crazy corporate taxation ideas their editor has, I knew there was something in the article itself that rubbed me the wrong way:
Yet there had to be states that knew GM
could not build there just for logistical
reasons, he said. Nevertheless,
government officials submitted formal
proposals so they could tell their
constituents they had at least tried. "[A
politician] always wants to be perceived
as someone who tried to bring home the
bacon, even if the bacon doesn't arrive."
And that is where the real blame for
corporate welfare rests.
As Ohio state senator Charles Horn, a
persistent critic of tax abatements, put it
when commenting on concessions
granted GM, "We know companies are
manipulative, but it's the nature of
business to go after every dollar that's
legally available. Don't place the blame
on the company; place the blame on
government. This is government's folly."
So there.
Jim Baird, who will shut up now...
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