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It is a horrible thought. Cities and states that do sweetheart deals to tempt businesses into transferring are doing an appalling act of profligacy. This is worse than a bribe. Think about it – this generally is a good methodology of taking money from the poor (remember indirect taxes usually aren’t progressive and a fair quantity of the state revenues within the US come from oblique taxes) and giving it to anyone who doesn’t deserve or need the money. One city does this , and the following metropolis will do the identical for another firm. And sooner than you say Bingo, everyone has been given a dole.
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One of the world’s leading tutorial specialists on media economics and administration and authorities communications insurance insurance policies, Picard is a senior analysis fellow on the Reuters Institute for the Study of Journalism, Division of Politics and International Relations, School of Oxford, and a fellow of the Royal Society of Arts. He was previously Director of Analysis on the Reuters Institute and a research fellow at Green Templeton College, Oxford, He moreover holds school posts at IESE Business School in New York, Tampere School, Finland, College of Canberra, Australia, and the Middle for Media Administration and Economics, Tsinghua University, China.