Wednesday, November 29, 2023

They're smiling cuz they got FREE MONEY...from us!-----Selective subsidies are a losing strategy for Michigan

Selective subsidies are a losing strategy for Michigan -  James M. Hohman
  • Corporate welfare does not fuel high-growth states, and is not the answer for Michigan
  • Politicians are eager to take credit when companies like Ford Motor Company announce an expansion that’s funded by taxpayer money. 
"Michigan is falling behind. 
  • Jobs nationwide are up 3.0% from pre-pandemic levels; 
  • Michigan has yet to recover all the jobs it lost in the pandemic. Its 0.7% decline is seventh-worst among states
The response from lawmakers was to spend billions on selective business subsidies. 
It won’t work.
The states that have been growing the most are not the ones writing the biggest checks to the biggest companies. 
They are Idaho and Utah, the states that spend the least on selective business subsidies...

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