Tax incentives designed as economic development tools do not work.
But they are not only failures in that regard; they are actually destructive forces in the economy.
Their failure is proved by the lack of jobs that have been created and the costs associated with their enactment. The simple fact is they do not CREATE jobs. At best, they simply move them from one state or locale to another. And if Florida can induce a company to relocate a job here, another state can induce another company to move a job there.
It is at best a zero sum game. For us. But it is not a zero sum game for the corporations.
These tax incentives should be seen for what they really are: another tool for redistributing income and wealth upwards.
> Read the Chair’s Perspective.