03-25-2008, 01:37 PM
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#1 (permalink)
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Manager, The Relaxation Room/Analyst, Security Team
Join Date: Oct 2004
Posts: 10,772
OS: xp
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Small Retailers Being Forced Out By Government Subsidies to Big Chains
Quote:
Municipalities are permitting “tax increment financing” that allow the big chains “to keep the sales taxes that you are forced to pay at the tax register,” Johnston said on the television interview program Books of Our Time, sponsored by the Massachusetts School of Law at Andover and broadcast by Comcast.
“Instead of that money going to the schools and the fire department and the police department and the library, it is funneled through a mechanism of local government, usually a special authority, to finance the purchase of municipal bonds so that means that the wealthy underwriters and the lawyers and auditors all get a piece of this money to buy the land and build the store,” Johnson told TV host Lawrence Velvel, dean of the law school.
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http://www.dissidentvoice.org/2008/0...to-big-chains/
Corporate welfare sponsored by the guys who tells you that the reason why your taxes are high is because the "liberals" give the poor welfare. Give me a freaking break. |
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