Monday, January 07, 2008

Tax Increment Financing - or How You Are Making The Rich Richer

Okay, I think that might catch your attention. I figure tax increment financing probably will induce a long, deep sleep. Think about this: tax increment financing is how we get Wal-Mart and Nestle to Anderson. We subsidize them. I read about TIFFs a long time ago in a law review article and I heard nothing different last week on NPR's Fresh Air:
Fresh Air from WHYY, January 3, 2008 · Investigative reporter David Cay Johnston explores in his new book how in recent years, government subsidies and new regulations have quietly funneled money from the poor and the middle class to the rich and politically connected.
Thank 38 minutes and listen to this show. Click here.

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