"The comfort of the rich depends on an abundance of the poor." ~ Voltaire
"If any man tells you he loves America, yet hates Labor, he is a liar." ~ Abraham Lincoln
Saturday, June 6, 2009
Tax Abatement Beguilement
Indiana University professors John L. Mikesell and C. Kurt Zorn and Esteban G. Dalehite, of Florida International University, found, "The majority of tax abatement programs offered by local and state governments to stimulate economic growth are overly generous...This inclination towards generosity often leads to costs outweighing benefits to communities."