@9FSBHC87mos7MO
While it is a corporation's responsibility to ensure financial stability of their corporation the loss of jobs from said corporation would be too severe and have a negative impact on the national economy.
Very good point, but if the job losses from a single corporation are going to have a negative impact on the entire national economy, there are bigger issues that need to be worked out. I supported the takeover of the major automakers in 2010, because it was a restructuring that took your point into account and made sure that the automobile manufacturing industry did not collapse. That wasn't a subsidy, really, it was more of an industry rescue package.
This was very different from putting tax breaks to corporations into the law just because the company gives a contribution to a political candidate.
@9FS6TV37mos7MO
Some companies are doing fundamental research or are too niche to be profitable yet their products can be vital for the respective fields they conduct business in.
Yes, and those companies deserve a chance to prove their thesis and get the initial R&D turned into real products and services. This is why the BDC markets exist, and I have no concerns with the government providing R&D funding through the NSF and other channels. But a city giving economic incentives at the expense of their own tax base is doing their citizens a disservice. I'd prefer that the market be allowed to pick the winners rather than a city council doing it on the backs of their taxpayers.
