workersolidarity reblogged
“The roots of the recent escalation of the fiscal crisis of state and local governments in the United States lie in demands of capital on these governments in the corporate-initiated game of locational competition for the past three decades or so, as capital itself relocated and reorganized. Cities and states desperate for new investment or even to stave off plant closings, as older industries withered or moved and new ones scanned the field of spatial possibilities, have offered businesses a variety of tax breaks, exemptions, subsidies, and incentives that cost states and cities at least $50 billion a year by the early 200s. By 2012 a New York Times expose reported that “states, counties and cities are giving up more than $80 billion each year to companies” in incentives alone.”
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This is the most obvious effect of Neoliberlism and it's effects on state budgets and localities yet. This is what your hard earned tax dollars go to now people! Subsidizing giant corporation that underpay their workers, violate whats left of labor laws daily without consequence, and force states and localities to implement austerity budgets that take money away from your schools and infrastructure even as they pay nothing or next to nothing in taxes even as your property taxes skyrocket to make up the difference.
You're literally being robbed to pay the super rich to rob you again in various different ways.
End Neoliberal economics NOW!!!
#politics#the left#on new terrain#kim moody#quote#book quotes#neoliberalism#neoliberal capitalism#neoliberal economics#end neoliberalism#neoliberal#neoliberal thought#fuck capitalism#fuck neoliberalism#eat the rich#fuck amazon#anarcho leftist#leftist politics#leftist#leftism#anarchosocialism#anarcho socialist#anarcho communist#anarcho socialism#anarchocommunism#libertarian socialism#libertarian communism#libertarian socialist