Quote:
Originally Posted by tennis1400
I dont have a clue what to think of Six Flags.
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You and me both. It's decisions like this where I fall back on basic free-market economic rules.
1. If a private firm is willing to spend their own capital to build something, and this something doesn't harm others, let them.
2. If the city/state is being asked to lower sales tax/set up a TIF,
even if it gives this project and unfair competetive advantage, let them. It stinks for the competition, but it is still better for the consumer.
3. If the city/state is being asked to directly subsidize it, stop it.
So even though I personally think the "upscale" outlet mall will become a "less-than-upscale" outlet mall rather quickly, there is a market for that. Cheaper goods and more jobs raise the poor to middle class and redistribute wealth faster and more efficiently than any government program ever has. In the end it will be more money in the hands of average New Orleanians, who can then spend their limited money on more productive and grander things.
So I'm pinching my nose and going along with this project.