Yes, it does exist and in fact is running rampant. Government should not interfere in the marketplace by luring a business from another city or state to its own political confines. Governors and Mayors have become real estate salespeople rather than administrators.
Nearly every day, business pages note a company moving from one locale to another and tell how many new jobs will come to the region. Usually, near the end of the article, tax abatement is mentioned and sometimes huge infrastructure outlays are granted.
How many times have you seen a company fail to produce the promised number of jobs?
And taxpayers pick up the tab for these failures. Meanwhile, back in their old community stands a vacant building with people filing for unemployment compensation.
Indiana spent millions to bring the United Air Lines maintenance facility to Indianapolis. It's gone and taxpayers bore the cost of the many unemployed it left behind. It's time to quit this political theft from hardworking taxpayers who follow the rules.
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