Monday, October 30, 2017

Newspaper Plays Missouri Vs. Kansas Economic Border War Peace Maker

Financial advice from a company with a stock price that has tumbled more than 50% over the past year. Like it or not, biz poaching is a fact of life even if irrational exuberance over biz incentives have continued to hurt resident taxpayers. Read more:

Why the Kansas-Missouri economic border war is a waste of time and money

Swiss Re, a reinsurance firm, could receive about $20 million in incentives to move from Overland Park to downtown Kansas City. Residents in Kansas and Missouri would be better served by an end to the incentive culture for existing businesses near the border.

8 Comments:

Anonymous said...

I am against taxpayer incentives. On the other hand, if baseball team owners could legally collude with each other, they wouldn't have to offer free agents zillions.

Anonymous said...

It will continue until public stops it because bought and sold politicians see benefit. So do development fix attorneys, real estate devs, and companies themselves. How about a public contract shunning of firms that do this by public contracts, that would have teeth. Name them, blame them, shame them and then disqualify them. Currently only fools don't game the system. When you make such horseshit unprofitable it will stop. Now which firms should no longer be on good graces list.

agentzero said...

The Chamber should reject firms that do this, but then they would lose half their sponsors.

agentzero said...

Remember how mushy the Chamber was when Funkhouser complained, because the bs artists were in control. Not the Chambers finest hour.

agentzero said...

What used to be much less prevalent has been proliferated by Sly who instead talks about Internationcl issues. The gift that keeps on giving from the Rockhurst mafia.

Anonymous said...

The Chamber is the organization behind all these subsidies. They will never support free markets, only the crony capitalism.

Anonymous said...

That company sure doesn’t care about there employees who now to pay earnings tax, pay for parking, and an awful commute on I-35.

Anonymous said...

We've noticed that every time a company gets "stolen" from one side of the State Line or the other, it's a no-win for the winner. They have to give away the farm (tax breaks) in order to woo the company. Later, when the lease is up or the company decides to move somewhere else, the game begins again. Each time the winning city has to give up a lot to get the prize. Moving businesses and employees around like chess pieces is economic vampirism, not a gain for one player over another.