Monday, June 16, 2008

Rich actor’s pocket taxpayer funds

In another example of the “unintended consequences” of trying to subsidize industry in order to create jobs and a viable economy:

When [Massachusetts] Governor Deval Patrick signed legislation a year ago to expand state tax subsidies for the film industry, he predicted it would help lure new movies to Massachusetts and pump millions of dollars into the economy.

But a new government study suggests much of the money will go to high-paid Hollywood actors, raising questions about the value of the incentives. (Read More)

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