- Michigan corporate welfare meets Hollywood accounting: What could go wrong?
A reminder of what transpired from 2008-2015 when Michigan had film incentives:
- Taxpayers spent $500 million, resulting in only a small, temporary job blip.
- There were multiple studio collapses, including one in Pontiac (which required a bailout from the teacher pension system) and one in Allen Park (which nearly bankrupted the city).
- The state film office approved a $1 million subsidy for a Michael Moore documentary...a movie that was about how those with connections took advantage of taxpayers...
No comments:
Post a Comment