If you keep participating in the race to the bottom, you eventually end up on the bottom. The belief that any price in tax cuts will benefit your citizens in the form of "jobs" is a particularly toxic form of economic fundamentalism, and its hollowing whole states out.

Totally agree. In my neck of the woods one county nearly bankrupted a neighboring one by offering an existing business a deal that led them to move a few miles away. The old county was stuck with sewer bonds and other costs while the revenue vaporized.

It’s difficult though as it’s a prisoner’s dilemma type situation.

It sounds like the county that was bankrupted left themselves at the mercy of the business.

Yes and no. I believe in this case they had an obligation to provide the sewer, and water/sewer ratepayers are responsible for costs. You can’t make an individual ratepayer responsible for the sewer.

Definitely a bad situation and a story told a thousand times in the US