Sim City 2000, Subsidized by Your Tax Dollars

If you were either consumed by the 9/11 retrospectives or avoiding them with your own personal news blackout, you might have missed The New York Times' exposé on how thoroughly the video-game industry is subsidized by your tax dollars -- courtesy, at least in part, of the government/industry revolving door. You know something is wrong when even the oil companies think your business gets too many tax breaks. Here's the money quote:

Michael D. Rashkin, author of "Practical Guide to Research and Development Tax Incentives," said that the video game industry had failed to name a technological breakthrough that had helped anyone beyond its shareholders, employees or customers. 

"The research credit benefits the wrong companies and encourages the wrong kind of research," said Mr. Rashkin, a tax expert and executive at Marvell Technology, a company based in Santa Clara, Calif. "By diverting funding and attention from where it could be most useful, the credit is hobbling American innovation."

You may also like

Advertisement