Mr. Jacoby is absolutely correct (A guaranteed flop for Massachusetts. Boston Globe, February 6th. 2013).
tax breaks to big business (like Theatrical Producers, Movie Makers,
Insurance Companies, etc.) to encourage them to locate in a given
area is a beggar-thy-neighbor proposition. Often, as in New London,
CT, the jobs never materialize, or they last only a short time as in
Devens, MA and Providence, RI.
Some years back, the legislature passed an inter-state compact (National Popular Vote) to bypass the
Electoral College to ensure that the President is elected by all the
people. We urgently need an inter-state, inter-city, inter-town compact
that will disallow these ridiculous handouts to the wealthy top
managers of corporations seeking tax breaks.
Where do you think
that $4m or $10m or $20m tax rebate will go: right into the pockets of
the CEO and top management through their profit related bonuses.
is past time to say "No" to the corporate welfare bums (Quote from
former Canadian New Democratic Party leader, David Lewis).
Sent to Boston Globe