News for hackers. Stuff that matters.

A comment on Iowa's handout to Apple illustrates the folly of corporate welfare deals. Parent comment

Re:Iowa's handout to Apple illustrates the folly of corporat... by crb002 on Sunday September 03, 2017 @07:49PM (#15164637)
Apple paid the City of Waukee a $100m bribe to influence their vote to abate $188m in property tax. The County/State were robbed in broad daylight.

Imagine going to your city council, and pitching them a 50% bribe in return for a 71% abatement. You or I would be going to jail.

[ Parent | on HN ]

There are no comments on this comment yet.