Once again the major parties have supplied ample evidence that Hayek was right when he explained “Why The Worst Get On Top” in his classic The Road to Serfdom. In “Sorry, Mayor, you’re in sales not job creation“, Manny Lopez of the Detroit News calls out Michigan Democrats’ worst, gubernatorial candidate Virg Bernero, for his claim that he has created, and will continue to create, jobs. Pointing out that Virg, like all politicians, doesn’t create jobs with his own capital but rather buys jobs with our money.
Recruiting a company to a city or state is not actually creating any jobs. It’s closing a sale using tax dollars to lure a company that then results in jobs, but it’s nothing like putting your own money on the line and hiring someone.
If Symmetry Medical later leaves Lansing, it will be bad for the city and damaging to the economy and to the families affected, but the mayor’s salary and job are secure. He’ll move on to the next company with your tax dollars in hand to try and find a substitute.
If that requires digging deeper into your pockets for more tax incentives instead of fixing the structural problem that exists, or hurting an existing business by offering perks to new businesses but not the ones that have been longstanding supporters of the community, so be it.