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b_b  ·  3426 days ago  ·  link  ·    ·  parent  ·  post: What If Authors Were Paid Every Time Someone Turned a Page? Amazon is about to find out.

    List industries that the US doesn't subsidize and I'll show you a list of industries that make it up in payola and kick-backs.

For sure. Here in MI, we have a giant budget deficit, because the Big 3 were promised tax credits for keeping jobs here during the recession that we can't afford. If not for the incentives, what manufacturing remains would already be overseas.

I suppose my problem isn't with subsidizing industry, because of course that happens everywhere, but rather with the race to the bottom that all the states play against one another. Remember the "Texas Miracle" that was basically Rick Perry telling industry that they could treat his state like it were a quarter million square miles of a garbage dump? I loathe that kind of mentality. MI didn't create any jobs when it gave up its money; it stole them from CA. That looks more like looting than economic development to me, and I think it makes us all poorer.