1 Billion detriments to economic freedom

Todd Davidson, Kansas Policy Institute, commenting on a New York Times report on business incentives:

Unfortunately, state and local governments in Kansas have been doling out $1 billion to politically-favored businesses in recent years. The deterioration of economic freedom over the years has resulted in Kansas dropping below five Canadian provinces in the Fraser Institute’s annual economic freedom rankings.

There is hope! Now that our state has lowered taxes for all Kansans by $800 million it seems there is hope that leaders in Topeka are less interested in picking winners and losers. So everyone in the state will have a little bit more money in their pocket and a better chance to chase their dreams. In fact, if you eliminate the $1 billion in subsidies Kansas governments give every year, then tax relief is paid for and cronyism is turned back. That is commonly referred to as a “win-win proposition.”

More from KPI at 1 Billion Detriments to Economic Freedom.