The old Met Life insurance commercials used to feature the tag line, “Get Met, It Pays.” Yesterday came the announcement that North Carolina landed Met Life expansion projects to be located in Cary and Charlotte – but who pays?
Taxpayers, of course.
According to reports, Met Life was bribed to the tune of $94 million in state handouts along with millions more from local governments. Last night, NBC 17 ran a story on this announcement, and the segment included a few words from me. Unfortunately, TV sound bites can not capture much, so if you need a refresher on how Civitas feels about the political class doling out taxpayer dollars and privileges to select companies, check out the archived posts under the “corporate welfare” tag.
Bottom line, tax all businesses the same or -better yet – don’t tax them at all. That would be the ultimate economic incentive.