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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Elmer who wrote (105509)7/12/2000 7:19:18 PM
From: nihil  Read Replies (1) of 186894
 
I make no moral judgment, but I call a bribe a bribe. Almost everyone successful in economic development bribes new firms to locate there. The investor presumably chooses the most advantageous site. He also knows that it is his last chance to get an advantage. Once he locates in such a place he becomes a victim of that local government. I call these inducements "bribes" because they are not made available to all investors, especially local ones. Local firms pay the taxes that finance incentives for new firms.
As an investor, I would prefer my companies to extort as many advantages from hosts as they possibly can. Ireland and Israel have both given Intel enormous subsidies, and Intel is the largest high tech producer in each of the countries. This kind of economic conspiracy can be advantageous to both sides.
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