Infuriating & I see it every day in construction.
At a forum in Helena, they asked us about regulations imposed on developers & how it’s raising the cost of housing. They then were talking about taxpayers having to help the developers pay for the regulations to offset the cost to them.
NO! It’s absurd that bureaucrats cannot simply wrap their head around the fact that they need to get OUT of the free market.
Here’s an idea: end the regulations. The taxpayers should not be robbed to fund private projects for wealthy investors, ever.
Tucker Carlson to Kevin O'Leary: ...why taxpayers should have to pay for this, if it's a private business and your tenants are some of the richest companies in the world?
Kevin: They don't. They don't necessarily have to do that; they just won't win any contracts. It's, it's a... It's a competition, um...
Tucker: But why are you getting tax breaks? Is my question.
Kevin: Yeah, everybody... You go back, and you say, "What incentives can you give us to invest $15 billion in the first 1.5 gigs?" That's what it takes. I have to go raise $15 billion. That's just the first...
Tucker: Okay, but anyone who starts a business, why should taxpayers have to pony up for that?
Kevin: They don't. But other states will.
Kevin argued that states compete with each other for major investments, offering tax incentives to attract companies willing to spend billions and create jobs.
Tucker wasn't buying it.
"If it's such a good business, why would you be asking taxpayers to help pay for it without giving them equity in the company? Are you giving taxpayers shares?"
Kevin said no. Investors get the shares.
Tucker kept pressing:
"If you want to start a business, why am I, as a taxpayer, forced to pay for your business?"
Kevin's answer was simple:
"If you won't give the incentives, another state will."