by David Stokes
August 28, 2013
Missouri counties should carefully consider sales tax pooling. While it may sound great that cities compete with each other for retail development, the reality is that the effects of that government competition have been harmful for Saint Louis County. It has resulted in tax giveaways and home takeaways, all for the sake of bureaucrats trying to plan our local economies. The government planning and the abuse of tax increment financing have failed to benefit our region’s economy. It has not grown jobs or opportunity. There is a better way, a more free-market-oriented way. The Saint Louis County sales tax pool is a more free-market-oriented system that encourages growth for the whole region instead of having cities fight with each other for retail development. Saint Louis County needs to move further in that direction.