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Richard Stallman's Political Notes

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Puerto Rico funding GMO companies

mardi 2 août 2016 à 02:00

Puerto Rico gave hundreds of millions of dollars in subsidies to multinational GMO companies, while closing public schools due to debts.

The motive for these subsidies, I suppose, was to get the companies to operate there rather than elsewhere. That is the usual claimed motive. In the small, it seems rational: one locality gets more business. However, when this is practiced everywhere, the gain is to the companies at the expense of the public. Each time a business can play one locality against another, the business gains and both localities lose.

States, and territories such as Puerto Rico, should not be allowed to subsidize businesses (or give them special tax deals) to try to draw their operations away from other localities.

I've suggested that the states should unionize to present a united front against these exploitative businesses. There union could be called the United States of America.

Puerto Rico has become a tool for tax dodging by "American" multinationals such as Microsoft.