Bigger Pie Forum is opposed to Mississippi's crony capitalism environment among businesses thriving not as a result of risks they take, but rather as a return on money amassed through a nexus between a business class and the political class. BPF seeks to expose these practices providing transparency for Mississippi's citizens.
If you have watched the HBO mini-series CHERNOBYL, you’ve seen by way of docu-drama an extreme example of the catastrophic consequences of groupthink and suppression of any dissent. But make no mistake, groupthink and suppression of different opinions is not limited to totalitarian dictatorships. Any organization – big, small, public, private or even a school board can fall prey to groupthink. Anyone involved in public or private governance would do well to read this book.
Despite the cultural retail incentive program dying in 2014, the Mississippi Development Authority (MDA) gave the developers multiple deadline extensions on the start of construction expiring in 2022. When a program dies, so should the subsidies. Does it make sense for taxpayers to subsidize brick and mortar retail when this form of business is seeing profits squeezed by online sales?
If the case of Kohler Company’s Mississippi expansion and its tangled relationship with taxpayers was fictional, it would require a willing suspension of disbelief.
The Mississippi Tourism Rebate program is designed to help developers build attractions appealing to tourists by rebating some of the sales tax for 15 years to help cover approved costs like construction. The thought is the tourists will spend money nearby and help defray some of the lost revenue for both the state’s general fund and local governments. It is a spend money to make money ploy that politicians too often fall prey to.
When a city hires a consultant to perform a feasibility study for a stadium or a convention center, it’s obvious that the result is a foregone conclusion. The game at hand is not football or baseball, but cronyism.
Stockman provides exhaustive documentation for his argument, but the most persuasive evidence is the stock market itself: today the S&P 500 is twenty times more valuable than it was in 1980, while real wages have barely budged.