I’ve been critical of the so-called ‘Harry Potter Festival’ that last year migrated from Edgerton to Jefferson, Wisconsin. It’s left so many people disappointed, taxpayer-salaried city officials have only doubled-down on their support for the shabby event, and (predictably) the Daily Union‘s initial stories about problems quickly gave way to laughable boosterism. See Attack of the…
Bad Ideas
Bad Ideas, CDA, City, Corporate Welfare, Development, Economics, Economy, Government Spending, Local Government, State Capitalism, Taxes/Taxation, That Which Paved the Way
‘Crony Capitalism and Social Engineering: The Case Against Tax-Increment Financing’
by JOHN ADAMS •
Whitewater’s residents may have heard, as I have, ignorant and false boasting about the benefits of tax incremental financing. It’s variously described as increment or incremental financing, but either way, it’s a plan to entice developers with taxpayer funds by segregating from the general fund, if any, the revenue generated from a development to pay…
Bad Ideas, Business, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Local Government, State Capitalism, State Government, That Which Paved the Way, WEDC
Foxconn as Alchemy: Magic Multipliers
by JOHN ADAMS •
The Foxconn plant isn’t even built yet, but the Walker Admin and its allies (including a few local apologists for corporate welfare in Whitewater) now resort to fantastic, magical claims about how much economic development will come from nearly four billion in taxpayer subsidies. So magical, so fantastic, that they now claim an 18-1 multiplier…
Bad Ideas, City, Culture, Local Government
Thanks, City of Jefferson!
by JOHN ADAMS •
There’s something funny, and something sad, about the City of Jefferson’s decision to host for five more years a Harry Potter festival with the same mediocre promotional leadership the festival’s had while in Edgerton and (more recently) in Jefferson. See Attack of the Dirty Dogs (“If vast numbers are disappointed, it matters not at all…