Sunday, September 23, 2012

More Public-Private "Partnerships" ? ...

. . . or more Giveaways of Public (Taxpayer) Money to Private Parties?

SUNYIT organization would help local manufacturers 
The new Center for Global Advanced Manufacturing will provide computer programs and other tools such manufacturers might not be able to afford on their own, so the businesses can better develop new products.
“Many small manufacturers here say low access to newer tools and processes keep them from being even greater,” said College President Bjong Wolf Yeigh at the Friday announcement. “Our aim is to provide the resource.”
In New York, we have about the highest tax burden in the country . . . but the taxpayer can still be tapped to subsidize private companies.  

 I would argue that this violates the NYS Constitution, but the Court of Appeals does not seem to care (too bad the judges are no longer elected). Regardless, some people will get help and others will not.  Those who do not get help -- including those who do not seek it -- are placed at a competitive disadvantage to their peers that get the help.  The government, essentially, picks winners and losers.  

This moves us in the direction of state-capitalism ... sort of like the old Soviet Union. . . . and we all should remember how well that turned out.

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