tomfly
The only thing left should be foot prints.
It actually is. The auto plants built in the south. The Tax Incentives were a key factor for development to the auto industry in the south. You use NYC as an example. Look at the source of the governing body. Most small towns do not have the ultra corrupt government officials that big liberal cities have. Or the red tape. Tax incentives work in these communities because they have pure intentions.
Most subsides for start up industries are emplace because the company can not find resources from the private sector. It might be a phenomenal idea but lacks commercial economic value because of the marketability and expense of the product. In other words investors would never throw money into a black whole with little or no return on the investment. Our idiots in government will do just that.
Here is a example from my own family. I have a close relative very high ranking member in the Republican Party. They owned an environmental company. This family member was an engineer and had a fantastic invention and a working proto type. This machine would use high temperature plasma to refine any non radioactive toxic substance to an inert state. During the Bush admin the company was subsidized to develop the technology. The problem with it was that the technology was so expensive and so energy cost prohibitive to maintain the plasma. No private investors wanted to dump their money into a black hole. As soon as Obama was elected subsidies were no longer available and the company failed. This is why subsidies suck. They are usually given to black whole ideas like my relative that the private sector wants no part of.
