State Buys the Farm....
North Carolina is busy trying to buy itself an Apple orchard, a server farm.
Unbelievable. This is not a production facility. This is a set of large, dark buildings with extra HVAC.
Sigh. Clearly, it would be wrong to single out one company, and say, "We hate you. We are going to tax you extra, and use the money to benefit your competitors."
It would be wrong to do that to TWO companies. Or THREE. And so on.
Why is it okay to tax N-1 companies extra, and then give the proceeds to Apple?
One of the key principles advanced by Hayek, and Buchanan, is generality. You can't discriminate. If there is a tax benefit, it has to go to all businesses.
Is that weak? Would it allow lots of statist folly? Of course. But we are violating even that weak principle.