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from the self-defeating-interstate-competition-for-jobs dept.
The Progressive reports:
Wisconsin is now poised to reward Foxconn with a whopping $3 billion "incentive" package--the fourth largest "mega-deal" in U.S. history. (That figure works out to an incredible $231,000 per job, and does not include the local subsidies that are invariably a part of such deals.) The bulk of this subsidy would be paid out in cash.[1]
[...] Wisconsin is jumping into the self-defeating interstate competition for jobs, in which U.S. states spend a collective $110 billion[2] on tax breaks and other sweeteners reserved mostly for the largest and most profitable companies like Foxconn, which raked in $2.26 billion in profits last year.
[1] Paywall after x visits per month.
[2] Link in TFA is just a search: http://america.aljazeera.com/search.html?q=%24110+billion.
(Score: 0) by Anonymous Coward on Tuesday August 01 2017, @12:25PM (2 children)
That is an unwarranted assumption.
(Score: 4, Funny) by Runaway1956 on Tuesday August 01 2017, @01:33PM
We can get a warrant though. In fact, we have some blanks in the trunk of the car, just hold on a second.
(Score: 0) by Anonymous Coward on Tuesday August 01 2017, @05:39PM
Indeed, in america the company will probably be better served with bullet proof glass.