{"id":13091,"date":"2012-12-09T12:44:56","date_gmt":"2012-12-09T17:44:56","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=13091"},"modified":"2012-12-09T13:16:31","modified_gmt":"2012-12-09T18:16:31","slug":"state-subsidies-to-attract-corporate-investment-should-be-banned","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/12\/09\/state-subsidies-to-attract-corporate-investment-should-be-banned\/","title":{"rendered":"State Subsidies to Attract Corporate Investment Should be Banned"},"content":{"rendered":"<p><em>The Real News Network<\/em> has the interview <a title=\"The Real News Network interview\" href=\"http:\/\/therealnews.com\/t2\/index.php?option=com_content&amp;task=view&amp;id=31&amp;Itemid=74&amp;jumival=9270\" target=\"_blank\"><strong>State Subsidies to Attract Corporate Investment Should be Banned<\/strong><\/a>.<\/p>\n<div style=\"text-align:center\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/cH-uuXRelE4?rel=0\" style=\"border:thick ridge #009900\" allowfullscreen><\/iframe>\n<\/div>\n<pre>\r\n<\/pre>\n<blockquote><p>\nEPSTEIN: Well, they do set up this bidding process, and it&#8217;s a race to the bottom, and it&#8217;s become\u2014as the New York Times series makes clear, it&#8217;s become part of the normal culture of doing business now.<\/p>\n<p>How do you stop it? Well, one way you stop it is you take a proposal from a couple of the economists and the president of the Federal Reserve Bank of Minneapolis about 15 years ago, who said that there ought to be a federal law outlawing this kind of tax competition. Everybody would be better off, and even the states realize that. It&#8217;s like an arms race. When you get into an arms race, you know that everybody&#8217;s worse off. So you ought to have a law against it.\n<\/p><\/blockquote>\n<p>I have been thinking for a long time that the only way to stop this race to the bottom inside the country is to prevent it on a national level.  I am glad to see this idea is getting some publicity.<\/p>\n<p>With the constitutional mandate that only the Federal Government can regulate interstate commerce, I would think such a law would be a natural.<\/p>\n<p>If we can do it within a country, there is no reason we couldn&#8217;t have international negotiations for nations to take back power from corporations.<\/p>\n<p>I think <em>The New York Times<\/em> series referenced in the video begins with <strong><a href=\"http:\/\/www.nytimes.com\/2012\/12\/02\/us\/how-local-taxpayers-bankroll-corporations.html?_r=0\" title=\"The New York Times article\" target=\"_blank\">As Companies Seek Tax Deals, Governments Pay High Price<\/a><\/strong>. This article is the first in three part series.  I had already posted a link to the second part in the series in my previous post <strong><a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/12\/03\/lines-blur-as-texas-gives-industries-a-bonanza\/\" title=\"Previous post\" target=\"_blank\">Lines Blur as Texas Gives Industries a Bonanza<\/a><\/strong>.  The third part is the article <strong><a href=\"http:\/\/http:\/\/www.nytimes.com\/2012\/12\/04\/us\/when-hollywood-comes-to-town.html\" title=\"The New York Times article\" target=\"_blank\">Michigan Town Woos Hollywood, but Ends Up With a Bit Part<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Real News Network has the interview State Subsidies to Attract Corporate Investment Should be Banned. EPSTEIN: Well, they do set up this bidding process, and it&#8217;s a race to the bottom, and it&#8217;s become\u2014as the New York Times series makes clear, it&#8217;s become part of the normal culture of doing business now. How do [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-13091","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/13091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=13091"}],"version-history":[{"count":6,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/13091\/revisions"}],"predecessor-version":[{"id":13097,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/13091\/revisions\/13097"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=13091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=13091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=13091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}