Great American Jobs Scam (eBook)

Exploring in depth the abuses of tax breaks by large corporations and government through the 'economic development' of communities, LeRoy offers a series of commonsense reforms that would give taxpayers powerful new tools to redirect monies in ways that will really pay off.

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What do Wal-Mart, Dell, Fidelity Investments, Boeing, and Cabela's have in common? They're all part of a $50 billion a year scam in whichin the name of job creationcorporations play states and cities against each other to win hefty taxpayer subsidies that routinely exceed $100,000 per job. But do they provide more jobs, higher wages, or improved living standards in exchange? Greg LeRoy exposes these deals for what they areno-strings-attached free rides for corporations that rarely create any new jobs. In fact, after securing these packages, many companies lay people off, pay poverty wages, or even relocate to other states.This is the Great American Jobs Scam: a costly bait-and-switch that swindles communities in more ways than one. They lose jobsor gain jobs so low-paying they do nothing to help the communityand they lose revenue through massive corporate tax breaks. That means fewer resources for maintaining schools, public services, and infrastructure. LeRoy exposes corporations' careful orchestration of this scam, dissects government and corporate mumbo-jumbo with plain talk, and offers commonsense reforms that will give taxpayers powerful new tools to protect our communities.