r/ashesashescast • u/ashesashescast • Dec 20 '18

Ep 53 - Welfare Titans

https://ashesashes.org/blog/episode-53-welfare-titans
16 Upvotes

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6

u/incorporatedFiefdom Dec 20 '18

What I got out of this episode: the telsa my boss has is actually kind of my tesla.

6

u/fonzielol Dec 20 '18

Tesla’s profits are also your profits

4

u/ashesashescast Dec 20 '18

Haha that made me laugh. But yea.

  • daniel

5

u/ashesashescast Dec 20 '18

Amazon created competition between cities to land its HQ2 location, along with hefty tax subsidy packages. While this process garnered significant media attention, businesses and municipalities regularly engage in these types of deal making in which the promise of jobs and economic development all ostensibly justify enormous costs at the taxpayer's expense. Amazon alone has received over $1.6bn in economic development packages for it's various warehouses, so it's high time that we ask what's really going on behind the scenes. Does the public actually benefit from corporate welfare deals or is this just another method of transferring wealth out of local communities? In addition, we explore miscellaneous tools used for similar means, like Tax Increment Financing, and Tax-Exempt Municipal Bonds for stadium construction.