Quote:
Originally Posted by nfotiu
The jobs wouldn't have gone to Virginia. Your statement only makes sense if it was federal money.
I'm not saying the subsidies narrowly outweigh the taxes though. VA gives up 600 million short term and gets billions in the short term and tens of billions in the long term. Money that will build better transportation infrastructure and university campuses to the benefits of everyone.
Maybe they would have chose Northern VA anyway, maybe they would have picked Maryland if it was going to be DC all along. The VA deal made sense for everyone and will almost assuredly be a good deal for the state.
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This is the problem,
Maryland and Virginia shouldn’t be in a race to the bottom to offer tax breaks to canabalize jobs from eachother. When governments compete on tax breaks for corporations citizens lose.
This is effectively the Arena debate. If no one subsidized arenas, Salary Caps would be lower and leagues could easily afford they own. Because cities can steal teams by providing free or subsidized arenas the public in general loses and the dollars that could have been used to build arenas is split between the players and the owners. (Yes I acknowledge that subsidizing Amazon on the local level has significantly better returns then a sports team)