Great Moments in Keynesian Economic Theory

Five accused of stealing Missouri tax credits:

Five people were indicted this morning on federal fraud and money-laundering charges for what prosecutors called a $10 million scheme to steal state tax credits.

This could have been avoided if the state only adhered to a policy of taxing businesses equitably, regardless of how the state thinks the businesses benefit either the state or the state’s whims.

But that would deprive the state of its twofer: giveaways to its favorites and the ability to get tough on the crime its giveaways encourage.