In the contest for dumbest government programs, state funding of Hollywood productions must rank near the top, along with sports stadiums.
‘After a state economist determined that “the film incentives represent lost revenue” and that their economic benefits were “negligible,” Michigan, which cut funding for the police and schools while facing a severe budget deficit, eventually decided to end its incentives.’
Now Michigan wants to restart the program. Because Georgia and Indiana do it and we must compete in this race to the bottom! Both parties do it while selling the myth that these productions generate local jobs and increased tax revenue. Clint Eastwood, hard core self-reliant pull-your-bootstraps up Republican, is more than happy to take advantage of this welfare program for actors and directors.
‘A recent report prepared for state auditors in Georgia estimated that the tax revenue returned on each dollar spent on incentives was 19 cents. A similar report from New York determined the return was between 15 cents and 31 cents.’
Socialism for the rich.
It is very disappointing, to say the least, that taxpayers who are outraged by this or that or everything completely miss the biggest spending scandals happening right in front of them.