Restoring the old film tax incentives, however, would not just keep North Carolina heading in the wrong direction. It would loop the seatbelt through the steering wheel and put a cinder block on the gas pedal.
This, I submit, is the same process we see when subsidized professional sports teams start demanding bigger and greater stadiums and when large corporations or industries receiving huge state subsidies start applying political pressures.
Georgia's policymakers rely on a made-up multiplier to claim "billions of dollars in economic activity" from film. Are they prepared to follow through with their charade to the point where Georgia state policy must effectively be run by Hollywood activists first?
Georgia has leaped in front of North Carolina in recent years in its willingness to pay off filmmakers who are looking for taxpayer-funded handouts. Jason Hopkins of the Daily Caller offers a report that might prompt some Georgia policymakers to think twice about film subsidies. Several Hollywood actors…
Beacon Center CEO Justin Owen said that studies show film incentives "have a return on investment of anywhere from just seven cents per dollar to 28 cents per dollar, an investment that only the government would make."