Mass. Jobs program lost its way — and tax money

The Boston Globe reports:

Over the past 16 years, Massachusetts has given away hundreds of millions of dollars in state and local tax breaks for more than 1,300 development projects under its Economic Development Incentive Program, which aims to encourage companies to invest here and create jobs. Often the incentives work and new jobs result. But far too often taxpayers have not come close to getting their money’s worth, a Globe review has found.

Hundreds of the projects delivered fewer jobs than promised, and some companies actually slashed employment. Many firms won subsidies for projects they were set to build without state assistance; in some cases, incentives that were approved long af ter the projects were underway or complete. And many got generous packages though they agreed to create only a handful of low-paying jobs.

What better proof than this that central planning is a fraud?