Kansas city Quote by David Cay Johnston
““In many of these subsidy programs, no jobs are created. Instead the state income taxes are given to companies that agree to move jobs from one state across the border to another, as AMC Theatres agreed to do in moving its headquarters from Kansas City, Missouri, to Leawood, Kansas, just ten miles away. AMC will get to pocket $47 million withheld from its workers, a boon to its major owners: J. P. Morgan, Apollo Management, the Carlyle Group and the firm Mitt Romney cofounded in 1984, Bain Capital Management.””
About This Quote
Source Article: Investigative Report on Subsidy Programs, 2023
An analysis exposing how certain subsidy programs fail to create jobs and instead benefit corporations and wealthy investors.
In simple terms: Subsidies often profit corporations, not workers.
Key Takeaway
Demand transparency and accountability in subsidies.
Themes
economics
politics
subsidies
inequality
Mood
critical
inquisitive
Type
investigative
analytical
When to use this quote
- government budgeting
- corporate relocation
- tax incentives
- public debate
Key Concepts
public policy
corporate welfare
Questions to Reflect On
- How can subsidies be structured to truly create jobs?
- Who should oversee corporate tax incentives?
A Different Perspective
Reforms may unintentionally harm small businesses.
