"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Massachusetts Ending Welfare for Hollywood Billionaires
Submitted by KenK on Thu, 2015-07-23 23:00
"Lucrative tax credits for the film industry — has been tried out in many state laboratories over the past decade and a half. As many as 44 states have offered the subsidies, among them Massachusetts, which is currently spending $80 million yearly in givebacks to Hollywood producers. The tax credits have their ardent defenders; what corporate-welfare program doesn’t? But the results haven’t lived up to the hype. Almost nowhere have the lavish subsidies led to a robust, homegrown movie industry."
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