Moore's Law

Moore's Law: the number of transistors on a computer chip will double every two years.

SWOP's law: the amount of corporate welfare will double every two years.

40 years after Gordon Moore (of Intel fame) made his famous prediction, another unseen consequence of his law, besides superfund sites, has come to light. The amount of tax incentives - corporate welfare - that was needed to fulfill Moore's and Intel's prophecy.

On April Fool’s Day, 1992, Intel Corporation and the State of New Mexico announced a $1 billion Industrial Revenue Bond (IRB) proposal, the largest ever considered in the land of enchantment. By the time the IRB was approved in 1993, the total issue had increased to $2 billion and encompassed the largest construction project in the nation. Intel Corporation went on to achieve what was at the time the largest tax abatement package in the country’s history when Sandoval County, NM, approved an $8 billion IRB.

Just last year, Sandoval County approved a $16 billion IRB, another record, representing over $2 billion in tax breaks.

Pasted below: More tax news from Intel...

Friday April 1, 7:55 AM
New Intel CEO says tax reformers must look abroad
SAN FRANCISCO (Reuters) - The United States faces a losing battle for new semiconductor factories if it does not compete against other countries with tax incentives, Intel Corp. President Paul Otellini told a presidential advisory panel on tax reform on Thursday.
"The money is shifting outside the United States," Otellini said, referring to semiconductor makers building new plants elsewhere to take advantage of tax and other incentives.
More: New Intel CEO says tax reformers must look abroad