Taxes and Spending

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Paul F. Cwik

A common misconception in popular thinking about business is that companies need to be helped along and supported by government. If a community fails to help business, it is said, it will miss out on jobs and prosperity. We see this happening across the country. Cities use public funds to build sports stadiums and arenas. States issue bonds and provide tax incentives to large corporations to entice them to locate in specific areas. Politicians then turn to the community and campaign for reelection based on bringing home the corporate bacon. This legal plunder is disguised as "urban renewal" or "community development."

Gregory Bresiger

Jesse Ventura, Governor of Minnesota, took a position that is extremely rare in state government. He said that neither the state nor the city nor any other unit of government should spend any money on funding yet another municipal ballpark or providing a taxpayer subsidy to professional ball teams and their media flunkies. "The taxpayers shouldn't have to foot the bill for new stadiums," said Ventura.