By Jarrett Skorup | Michigan Capitol Confidential
Michigan Capitol Confidential reports that the state is giving a Hollywood studio that made more than $1 billion in profits last year $35 million to film the “Batman vs. Superman” movie to be filmed in Michigan.
In the past, we’ve looked at what this means to each individual income taxpayer. The most recent numbers from the state show there are about 4.5 million taxpayers, meaning each one is on the hook for $7.80 for the film. Perhaps taxpayers can request that amount off their ticket price when the movie is released in 2015.
Film subsidies are bad policy, opposed by nearly all independent researchers. They mostly redistribute wealth from the general population to a few very large studios. And when subsidies are threatened to be cut, those large studios try and hold it over taxpayer heads, making this “temporary” government program permanent.
at Michigan Capitol Confidential.