What Amazon Didn’t Get From New York
(Bloomberg Opinion) -- The collapse of the Amazon deal in New York City has focused renewed attention on public subsidies for corporate relocations. My view is that local governments overuse such subsidies. Even so, I have been struck by the excessively polemical nature of this debate. The reality is that these kinds of subsidies are quite common, and their inefficiencies are usually small. Consider, by way of illustration, entitlement and discretionary spending on the federal level. A program such as Social Security or Medicare is done ...
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