re: #244 Dark_Falcon

Boeing moved to Chicago.

States and cities will push tax incentives - basically handouts to businesses to come and stay. They’re competing with each other to get these companies to stick around, and all they end up doing is eroding the tax bases of the cities and states. Even the legislatures in many states are realizing that these kinds of economic development incentives/credits have to be reformed. They’ve moved to make sure that the businesses are creating long term jobs with clawback provisions if they fail to deliver.

Heck, even Newark is poaching jobs from nearby towns and New York City. Panasonic moved its headquarters from Secaucus. Prudential moved essentially across the street to a new building, and the city/state gave them a huge tax break to do so - to avoid them moving elsewhere, even though there was little chance of that happening.