Sunday, May 04, 2014

You won''t believe what Rick Perry has done now.

Rick Perry Is a Domestic Financial Terrorist (Click here to read more)

Hamilton Nolan
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Toyota is moving most of its U.S. operations from California to Texas. The state of Texas is paying the company $40 million to relocate. This represents an utterly stupid and useless case of corporate welfare detrimental to the public interest.
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Texas governor and swaggering moron Rick Perry could be heard bragging to the Wall Street Journal about his pro-business policies paying off: "It is the biggest win we've had in a decade," the slick-haired glad-hander said. "Ten years of tax, regulatory, legal and educational policies have now put Texas at the top of the heap." The paper says that the state of Texas is paying Toyota $10,000 for each job they're moving to the state, the highest per-job rate of corporate welfare in a decade. About 3,000 jobs from California, and another 1,000 from Kentucky, are relocating to Texas.
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Is Rick Perry a patriot? I would argue that, to the contrary, Rick Perry is engaged in domestic financial terrorism. These sorts of corporate welfare programs-that use public money in the form of tax breaks and financial incentives to lure businesses from one state to another-sound good, if you pretend that only your state matters, and furthermore, that your state is at war with all of the other states in America, and that you can only win by cannibalizing the resources of another state. If you see America as a nation, though, it quickly becomes clear that these programs are counterproductive and downright idiotic. [...]

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