Capitalism in 2018: the world’s richest man has a company that will receive $2.1 billion in subsidies from two cities—but seniors, college students, poor families and sick people face both program cuts and catastrophic debt because “there are not enough resources.”
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Yes, I think the math likely pencils out. I still feel there’s something unseemly about these deals. They are acceptable business practice, yet they share characteristics of bribe-like behavior.
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the Twitter tax break pencilled in its first three years, the controller's office found in 2014. I have no idea how it fared in the last 3 years though. https://sfcontroller.org/sites/default/files/FileCenter/Documents/5914-CMPTE%203%20year%20review_final.pdf …
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This is the main issue. The net benefit for the US as a whole from these competitions is zero or negative, and the arms race nature of these negotiations means that localities will likely overpay.
End of conversation
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