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Anorak | This Just Isn’t The Way To Make An Economic Argument

This Just Isn’t The Way To Make An Economic Argument

by | 11th, December 2013

DEAR Lord this is piffle :

This year, state government subsidies to corporations, partnerships, and other businesses in New York state alone will total $1.7 billion, triple the giveaways in 2005, according to the new study. That’s $235 taken from the average Empire State household this year and redistributed to business owners on the theory that redistribution will create jobs.

During those years, the number of jobs in New York declined, the state’s official jobs data website shows. The total number of New Yorkers employed in 2012 was down 175,000, or 2 percent, compared with 2005.

This is used to show that tax incentives to companies does not provide jobs. For, as you can see, we’ve been providing more subsidies but there are fewer jobs!

And this was done by a reporter who actually has a Pulitzer prize for his reporting on tax issues.

But before we leap to that conclusion we’d like to think of other things that might be happening as well. For example, there’s a long running, been going on for half a century now, movement of people out of the North of the US to the warmer places

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Posted: 11th, December 2013 | In: Money, News Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink