July 28, 2017

The Atlantic: How Much is Wisconsin Paying for a Taiwanese Manufacturer’s Jobs

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Plus, states rarely seem to consider whether the money they lavish on corporations might be better spent elsewhere—on public goods like bridges, say, or educational initiatives for their work forces. “If offering more tax incentives requires spending less on public education, congestion-relieving infrastructure projects, workforce development, police and fire protection, or high technology initiatives at public universities, the overall impact on a state’s economy could actually be negative,” argues the Institute on Taxation and Economic Policy, a nonprofit research group. “While the long-term economic benefits of education and infrastructure investments may not be as flashy as incentive-backed ribbon-cutting ceremonies, these investments are even more fundamental to any successful economy.” Read more