You Gotta Admire Her BALLZ! Sarah Palin Says, Trump's Carrier Deal Looks Like "Crony Capitalism"
Gov. Sarah Palin, who is being considered for a cabinet position in the Trump administration -- is raising alarm over president-elect's recently announced deal with Carrier, suggesting in an op-ed it could amount to "crony capitalism."
"When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent," Palin wrote in a 'Young Conservatives' op-ed.
"Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail."
Trump and Vice President-elect Mike Pence traveled to the Carrier plant in Indianapolis Thursday to tout the company agreeing to keep 1,100 jobs in the city instead of shipping hundreds to Mexico.
Carrier said in a statement the agreement was due in part to the incoming administration's lobbying as well as state tax incentives.
Trump's transition team has refused to publicly disclose the full details of the deal, but company officials said in a statement Thursday that the state of Indiana, where Pence is governor, offered the company a $7 million package over multiple years, contingent on factors including employment, job retention and capital investment.GO READ THE WHOLE THING.
She's got a point. Not only is it a form of Crony Capitalism, (or at least it could ultimately lead to that on a large scale), but it's also going to lead to more and more negotiation by more and more companies.
On the other hand, corporations already lean on cities and states to give them tax breaks. There are whole departments in city and state governments dedicated to incentivizing corporations to move into their areas.
What are you gonna do?