So Long, Free Market

Now it is perfectly normal for politicians and bureaucrats to determine the fate of businesses:

“An early start, deep political ties and important racing connections have given one of two competing Aurora racetrack proposals the inside track on millions of dollars in tax incentives crucial to getting either project off the ground.”

Remember that a “tax incentive” for some means the same thing as screwing everybody else relatively harder. It seems likely that this particular race track may have won out without political interference, but, increasingly, we’ll never know whether a business succeeded because it’s a good business or because it’s a politically connected one.

This business-by-tax-engineering is repulsive. (But not to its “bipartisan” supporters.)