Posted on 01/14/2015 10:37:58 AM PST by MichCapCon
In a recent interview with Michigan Capitol Confidential, Brandeis University economist Bob Tannenwald remarked that film incentives were a bad deal for taxpayers.
"Another way to look at that would be that a state might be getting only 50 cents or 75 cents value for each dollar per dollar of personal income created by the program for the states residents. A state might be better off just sending the checks out directly to its residents rather than creating the program."
With roughly $500 million offered in incentives from the start of the program to present, the state could have sent $130 checks to every household in Michigan. Add another $13 for each year state policymakers put $50 million of tax money in the film incentive budget.
Ding ding ding, we have a winner. It was your money to begin with so it wouldn't be extra if you got it back.
No, I didn’t have it in the first place. I don’t pay or owe any income taxes.
I'd purchase a Dudley Lightning, end loaded, 12" barrel Senior softball bat if I could find one for that price.........
Beer, probably.
Skittles and Mountain Dew.
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