Planet Money 699: Why Did the Job Cross the Road?
This episode details the competition in Kansas City between Missouri and Kansas to lure companies back and forth across the border. Great episode. I knew cities and states did this - compete for businesses by offering tax incentives. But these companies are just moving across the street dividing Kansas City! Ridiculous.
The world would be more way more efficient if states and cities did not negotiate - they just set their rates and companies could come and go as they wish. So much time and resources are wasted negotiating sweet deals and moving headquarters for better deals.
No comments:
Post a Comment