Free To Choose Network | $$$ Taxpayer-Funded Luxury Condos $$$ @freetochoosenetwork | Uploaded June 2022 | Updated October 2024, 11 hours ago.
What happens when governments levy taxes to serve distressed neighborhoods? In this clip from Corporate Welfare: Where's the Outrage, Johan Norberg investigates Tax Increment Financing (TIF) and its relationship to corruption and pay-to-play government. The city of Chicago diverts nearly a third of its property tax revenue to TIF designated districts with $2.5 billion being diverted away from public schools in recent years. In theory, the program exists to direct funds to distressed neighborhoods most in need. The kicker? In the case of Chicago, the allocation of TIF funds are almost exclusively dictated by the mayor whose election campaigns can be funded by the same developers chosen to build in TIF districts.
Corporate Welfare: Where’s the Outrage? – A Personal Exploration by Johan Norberg explores what happens when government policies support big business interests at the expense of small businesses, individuals, and local communities.
Watch the full documentary: youtube.com/watch?v=I-eNlPeiQ50&t=456s
Check out our Facebook page here: facebook.com/FreeToChooseNetwork
Connect with us on Twitter here: twitter.com/FreeToChooseNet
Learn more about our company here: freetochoosenetwork.org
Shop for related products here: shop.freetochoosenetwork.org
Connect with us on LinkedIn here: linkedin.com/company/free-to-choose-network?trk=top_nav_home
What happens when governments levy taxes to serve distressed neighborhoods? In this clip from Corporate Welfare: Where's the Outrage, Johan Norberg investigates Tax Increment Financing (TIF) and its relationship to corruption and pay-to-play government. The city of Chicago diverts nearly a third of its property tax revenue to TIF designated districts with $2.5 billion being diverted away from public schools in recent years. In theory, the program exists to direct funds to distressed neighborhoods most in need. The kicker? In the case of Chicago, the allocation of TIF funds are almost exclusively dictated by the mayor whose election campaigns can be funded by the same developers chosen to build in TIF districts.
Corporate Welfare: Where’s the Outrage? – A Personal Exploration by Johan Norberg explores what happens when government policies support big business interests at the expense of small businesses, individuals, and local communities.
Watch the full documentary: youtube.com/watch?v=I-eNlPeiQ50&t=456s
Check out our Facebook page here: facebook.com/FreeToChooseNetwork
Connect with us on Twitter here: twitter.com/FreeToChooseNet
Learn more about our company here: freetochoosenetwork.org
Shop for related products here: shop.freetochoosenetwork.org
Connect with us on LinkedIn here: linkedin.com/company/free-to-choose-network?trk=top_nav_home
