Corporate Welfare Roulette

One thing that governors and mayors absolutely love to do is win a prize in the national game called "Corporate Welfare Roulette." It’s a simple casino-style game in which politicos put down a big stack of taxpayers’ money on an out-of-state corporation as an "incentive," hoping that their bet outbids other states and cities trying to lure that same corporation to move to their area and hire some people.

There’s always a celebration when politicos "win" one of these cash-for-jobs gambles. The media gather, politicos prance, the Chamber of Commerce chief grins from ear to ear and the corporate CEO mouths platitudes about free enterprise (while stuffing taxpayer cash in his pockets).

by: Jim Hightower

Full Story: http://www.truthout.org/jim-hightower-corporate-welfare-roulette56808

(Many thanks to John Torma for passing the article above along. Russ)

Tax Incentives Waste Money, Don’t Create Jobs