Corporate Welfare – Incentives
Corporate welfare, Big Red Car? Huh?
Big Red Car here on a sunny, cold Texas day. Ahhh, winter is here at 41F at dawn, but 65F now. Winter is hard in the ATX, y’all.
So, the Interwebs are all aghast at the gargantuan incentives provided to Amazon (richest guy in the world, Jeff Bezos, at your service) by New York and Virginia to get half of the new HQ2.
The gainsayers and the naysayers are in full throated-uproar, but nobody is really keeping score on these things, are they?
Let’s go back and explore a recent deal — the Tesla SolarCity Buffalo, New York incentivized transaction.