Michigan Tax-Credit Financing Went to Michael Moore's Anti-Capitalism Film

Wednesday, 05 Dec 2012 03:50 PM

By James Hirsen

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Documentary filmmaker Michael Moore received financing from a Michigan tax-credit program for his anti-capitalist film, "Capitalism: A Love Story."

Moore's production company had sought financial assistance from the Michigan financing program and was given $841,145 in credits for the production of the movie criticizing capitalism, according to the New York Times.

Moore directed, wrote and stars in the film that focuses on the recent financial crisis and stimulus, while indicting the current American economic order and capitalism in general.

“Capitalism: A Love Story” examines the impact of corporate dominance on the everyday lives of Americans (and by default, the rest of the world),” according to an IMDb plot summary. “The film moves from Middle America, to the halls of power in Washington, to the global financial epicenter in Manhattan. With both humor and outrage, the film explores the question: What is the price that America pays for its love of capitalism?”

“Moore jabs his finger at everyone from Reagan to Bush Jr, Hank Paulson to Alan Greenspan.” reads a Guardian review of the movie released in 2009. “He drags the viewer through a thicket of insurance scams, sub-prime bubbles and derivative trading so wilfully obfuscatory that even the experts can't explain how it works … The big villain, of course, is capitalism itself, which the film paints as a wily old philanderer intent on lining the pockets of the few at the expense of the many.”

The Michigan film tax credit program was started up by former Gov. Jennifer Granholm who is now a Current TV anchor. Filmmakers could potentially receive close to 50 percent of their in-state investment funneled back to them.

The tax credit program was subsequently curtailed by Republican Gov. Rick Snyder, who was convinced that it made better sense to lower taxes for all businesses.

"States harm themselves by competing on tax credits," the new governor's budget director, John Nixon, said in an interview.

Moore's movie ended up grossing $14,363,397 domestically, with a total budget of $20 million, according to Box Office Mojo.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Megamall Arrests: Dozens Held as Crowd Protests Against Police

Monday, 22 Dec 2014 07:50 AM

About a dozen people were arrested after hundreds protesting police violence shut down part of the Mall of America in Mi . . .

Dr. Evil's 'Saturday Night Live' Skit Hits North Korea, Sony

Monday, 22 Dec 2014 07:26 AM

Mike Myers opened "Saturday Night Live" with his Dr. Evil character taking on both North Korea and Sony Pictures after t . . .

Miley Cyrus' Shriver Ban Creates Kennedy Family Holiday Conflict

Monday, 22 Dec 2014 06:42 AM

Miley Cyrus has been banned at Kennedy holiday events by Maria Shriver who disapproves of the singer's budding romance w . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved