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Why do politicians offer economic development incentives?

The state’s long-term commitment of incentives to Apple and others, is “just burning money,” according to Nathan Jensen of the University of Texas. He told WRAL that past 20 years,

What you’re offering doesn’t make it any more attractive. You’re really borrowing against future revenues for very little benefit. The community will be around in 20, 30, 40 years, and you’re going to have revenue needs.

Jensen provides evidence in his latest book that politicians use incentives to claim credit for good things. Hard to argue with that assessment.

Joseph Coletti / Senior Fellow

Joe Coletti is a senior fellow at the John Locke Foundation focused on fiscal policy issues. He previously headed the North Carolina Government Efficiency and Reform initiativ...

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