Friday, March 11, 2005

Econ Dev Incentives

StarNewsOnline.com: The Voice of Southeastern North Carolina:

"North Carolina and other states need to free themselves from the self-destructive competition to pay multi-million-dollar bribes to corporations that promise to 'create jobs.' A recent federal court ruling against such 'tax incentives' offered the possibility of ending them"

The Federal government needs to curb this process, it's piting states and cities against each other, and in the long run, it hurts everybody.