Wednesday, April 18, 2012

Like Subsidizing Dolly?

Another Nashville inside baseball story with broader implications has crossed the plate, this one involving a $5.8 million subsidy to a Dollywood/Gaylord-owned winter and water-themed amusement park. I have nothing but admiration for Ms. Parton's musical virtuosity and business acumen but I am rankled by corporate welfare and rent-seeking. In fact, I have more of an objection to bailing out billionaires than helping the downtrodden pull themselves up by their bootstraps (though I thoroughly despise the dole-dwellers who by choice remain part of the forever dependent on government class). Why should Gaylord and Parton be given advantage over theme park competitors and why should the so-called working class be made to bear an additional burden to boost those who are already wealthy enough to easily absorb the cost of building the new theme park? If the nearly six million dollar subsidy had not been approved would the developers not have constructed the park or moved it somewhere else? They certainly would not have- they already have a massive hotel and retail complex blocks away and nothing would have persuaded the planners to remove the park from its chosen location at this late stage- meaning the ordinary taxpayers of Nashville were screwed again just as they were in the nineties with the Oilers/Titans subsidy deal by the Metro Council at the behest of a few powerful people.

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