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'It's a Money Loser': Tax Breaks for Data Centers Are Under Fire

3 pointsby dskrvkabout 1 year ago

2 comments

bell-cotabout 1 year ago
True...but &quot;Data Centers&quot; is pretty much redundant here. The vast majority of ways in which politicians (in effect) give away public money to benefit private interests are guaranteed money losers <i>for the public</i>.<p>Anecdote: Back in the 1980&#x27;s, my kid brother spent a few years working in a (US state) governor&#x27;s Budget Office. One set of data they tracked was the Donation Multiplier for various &quot;projects&quot;, which properly-bought politicians might do for a donor&#x27;s benefit. Whether it was running a nice paved road &amp; utilities to the donor&#x27;s big plot of undeveloped land, or tax breaks for new construction, or whatever - everything had a price. Good cover stories (don&#x27;t ask for $$$ for a new toxic waste dump) and a skilled lobbyist or two was always needed - but the multipliers for nice-sounding or hard-to-notice stuff were always very large.
dskrvkabout 1 year ago
No paywall: <a href="https:&#x2F;&#x2F;www.msn.com&#x2F;en-us&#x2F;money&#x2F;companies&#x2F;it-s-a-money-loser-tax-breaks-for-data-centers-are-under-fire&#x2F;ar-BB1m7EhI" rel="nofollow">https:&#x2F;&#x2F;www.msn.com&#x2F;en-us&#x2F;money&#x2F;companies&#x2F;it-s-a-money-loser...</a>