Posted on 01/20/2016 8:12:39 AM PST by Kaslin
Ever since the moron voters of this Commonwealth elected that Commie Wolfe, not very.
This is nothing NEW, even though many think of it as evil “Crony Capitalism”.
In 1864 (!!) the City of ELGIN, Illinois gave, donated, and handed over 35 acres of farmland to a budding watch company PROVIDED the comany name the brand ELGIN.
This “freeby payoff” resulted in a hundred years of growth and steady employment for the area, in addition to the financial benefit accruing from the wages of the employees.
Elgin to to be the LARGEST producer of watch movement in the industry’s history. Gone now, but an example of there being nothing new.
How bad is Connecticut? When Massachusetts looks good in comparison, you know it’s bad.
“GE should move south, hell not north!”
Jack Walsh is long gone, GE is Lib infested.
“What a bunch of BS. GE is a public company, accountable to it’s shareholders. If the laws allow it to take advantage of moving it’s corporate HQ, that’s their business and nobody elses. Business is ALL about winners and losers in an open market environment.”
No one forced the MA government into paying bribes. It was entirely legal, and much cheaper than building an environment that produces an educated, qualified workforce, a good quality of life, lower taxes, and so on. </s>. In the case of MA, they do have a very good, albeit expensive, work force from what I’ve seen of government statistics.
Fine with me. Too bad Florida didn't spend money to get GE.
Learn something new everyday
And in ten years when the Massachusetts tax breaks end, GE will demand an extension or they will more once more. ... A great racket for the corporations, a lot like the NFL owners, blackmailing the municipal governments for tax payers to build them a new stadium.
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