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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: 1) by fustakrakich on Tuesday August 01 2017, @04:15PM (1 child)
Don't know if all that is necessary for a room full of robots that are bolted to the floor.
La politica e i criminali sono la stessa cosa..
(Score: 2) by JoeMerchant on Tuesday August 01 2017, @04:22PM
As long as the robots and their maintainers pay taxes, that's o.k. - working citizens need expensive infrastructure, generally more expensive than the taxes they pay themselves.
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