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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (605127)	3/27/2011 3:14:19 PM
From: tejek	Read Replies (4) of 1577629

Subsidies for movie making are corporate welfare. Why are you such a fan of them. Corporate welfare is a scam and typically I am not in support of it. However, in the case of MI, its generating jobs at no cost to the state's residents......except lost tax revenue that they probably wouldn't see if it wasn't for the tax breaks because MI doesn't have the climatic conditions that Hollywood likes. And let me tell you.....the film industry generates lots of good jobs. They travel first class.....that means the best caterers, the best hotels, the transportation, etc. And when they shoot in your house or office building, they pay top dollar. MI could do much worse. The gov is being penny wise and pound foolish. If you create a success by subsidizing it, your pulling resources from the rest of the economy, forum other possible successes, and often causing more harm, if in less visible ways, than the benefit you get from the subsidies success story. How? If it wasn't for the tax credits, the film industry would never have used MI as a location. So there is no tax revenues to lose.

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