The company I currently work at is relocating its HQ to Atlanta GA due to similar incentives. I’m slightly curious just how many millions of dollars in incentives they’re receiving to relocate ~30 employees and hire another 30-60 local employees, because apparently Atlanta outbit Dallas TX on the questionable business incentives
Comment on Disney lost nearly a third of a billion dollars on two Marvel movies
Ptsf@lemmy.world 1 month agoWait till you find out the literal billions Georgia (USA) gives away to filmmakers via a tax credit that’s been proven to not be more effective than social programs by a significant margin at generating community wealth…
Trainguyrom@reddthat.com 1 month ago
Buddahriffic@lemmy.world 1 month ago
It’s because trickle down-style policies give more wealth and social power to those at the top while allowing the argument that the economic activity that results from that wealth benefits everyone down the pyramid (which also creates a dependency on more instances of these transfers as businesses grow to accommodate the extra demand).
Social programs do that without giving more wealth or social power to people at the top.
The effectiveness that they care about isn’t the economic benefit or allowing people to become more independent, it’s about funneling money to the rich in the hopes that they will funnel some of it back in a way that won’t look so much like corruption.
Ptsf@lemmy.world 1 month ago
Indeed. You’d be shocked the amount of people I’ve spoken with that believe otherwise. They see the positive side of the numbers and don’t think about the long term implications for even a moment it seems.