Silly.
I oppose government subsidies, incentives, etc. as much as the next guy but, if they are available, a company would be stupid not to ask for and/or accept them.
It’s like tax deductions, if they are available, prudent businesses should take them.
I can give you several gritty reasons why former Bain private equity czar Mitt Romney is not the person to become President of the U.S. in November.
First, is just one tale of a Bain deal under Romney. Bain invested just $30 million to take over a company. It then arranged for this company to pay Bain and its investors a special dividend of $180 million– or six times the amount of equity capital Bain invested to take control. This technique of forcing your prey to pay back your original investment or more, as in this case, is to ensure that the Private Equity Firm is assured of a profit. It is an exploitative way to strip the company of its spare cash and is indefensible corporate rape. It is one selfish and destructive way to play the Private Equity game. For the average holding period by a PE firm is somewhere between 3 and 5 years– in and out with little thought as to the long term performance of the company or the protection of its employees.
More at link.
...if they are available, a company would be stupid not to ask for and/or accept them.
Yep, and that makes the organization Fascist, not capitalist or free market.
Remember government subsidies are not available to all, just the select favored insiders, and competing businesses are now operating at a state imposed disadvantage, and the state will make sure their favored Fascist continues to have advantage over competition.
Romney's a GOOD socialist.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.
But don’t call youself a “FREE-MARKET” person, Mitt.
He’s more than happy to lay off people and put them into the welfare systems, isn’t he. Those lazy slugs.