Category Archives: Economic development

Drawing the Wrong Conclusion XV: the Commerce cause-and-effect edition

To the self-defeating idea of economic incentives, Decker is an endless Rickroll; she is never gonna give you up never gonna give you up never gonna give you up … — Yours truly, 8/2/13 The presumption is that political decision makers have special insight that is not available to private investors about the value addedContinue Reading

Wait, who paid for that film report?

Film industry supporters who want the state to continue giving their industry generous tax credits like to tout NC State professor of supply chain management Rob Handfield’s study of those credits. They also like to make it seem as if the study is from NC State. Take the recent pro-incentives column by Wilmington author WileyContinue Reading

Nevada gives up $70 million in film incentives to lure Tesla

Apparently North Carolina isn’t the only state getting partially out of film incentives but certainly not out of state incentives. A changing of the cronies is definitely upsetting to the former cronies, but to taxpayers and unfavored businesses, nothing changes. From Nevada: The major showdown of the Legislature’s special session to approve $1.25 billion in taxContinue Reading

A Special Session for Economic Incentives…..?

This is what our friends at the Tax Foundation have to say about the rumblings that there could possibly be a special session called by the legislature to discuss economic incentives.  Instead of special breaks for big corporations, maybe an equal and fair across the board tax for everyone is what would really attract businessContinue Reading

How much interest is there in our massive and growing federal debt?

It’s not the sort of thing most Americans pay attention to, and if asked to do a close examination of it their minds would probably numb and eyes glaze over into a bored crust. But the colossal amount of federal debt this nation has accumulated, and the financial energy the interest payments on that debtContinue Reading

Drawing the Wrong Conclusion XIV: the can’t-compete-with-lower-taxes edition

We learned this week that North Carolina offered the mad bribe of $107-friggin’-million in economic incentives to get Toyota to locate its North America headquarters in Charlotte, but lost. Who won? Texas, with the relatively small bid of $40 million. How on earth did North Carolina, offering over two-and-a-half times as much as Texas inContinue Reading

Federal study: Hydraulic fracturing safe to proceed in California

The report, commissioned by the federal Bureau of Land Management, investigated possible effects of well stimulation technologies (WST) in California. It points out that potential energy resources are at shallower depths in California and normally require vertical rather than horizontal drilling and fracturing. The shallower depths made possible groundwater contamination more of a concern; however,Continue Reading

Burr tours corporate welfare recipients to tout corporate tax breaks, fails to draw the obvious lesson

The obvious lesson is, as I’ve stated over economic incentives programs are a tacit admission by state policymakers that lower taxes and regulations would attract more industry to North Carolina. The question then becomes: Why do it just for select industries? Why not lower taxes and regulations across the board? and over at the heartContinue Reading