Book: The Billionaire Boondoggle How Our Politicians Let Corporations and Bigwigs Steal Our Money and Jobs
From stadiums and movie productions to casinos and mega-malls to convention centers and hotels, cities and states have paid out billions of dollars in tax breaks, subsidies, and grants to the world’s corporate titans. They hope to boost their economies, create new and better jobs, and lure well-known events such as the Super Bowl–not to mention give their officials the chance to meet celebrities. That Big Entertainment drives bigger economies is a myth, however. Overwhelming evidence shows catering public policy to its promises results in a raw deal for the taxpaying public.
In The Billionaire Boondoggle, Garofalo takes readers on a tour of publicly-subsidized corporate America to explain how that myth came to be, how much money America’s elected officials throw away, and why courting Big Entertainment just courts disaster.