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$2.7 billion in federal assistance be diverted instead to a British liquor conglomerate, as an incentive to move the Captain Morgan rum distillery from one Territory to the other.
The word “trillion” having become commonplace, it’s easy to lose sight of just how much is really at stake. The $2.7 billion being diverted to Diageo, PLC, would provide four years of college for nearly 200,000 students, room and board included, or pay unemployment benefits for more than 780,000 workers for one year. $2.7 billion is more than the $1.8 billion Diageo paid for Captain Morgan, and on a per-gallon basis, the subsidies are twice what it costs to distill the rum.