Stories
Slash Boxes
Comments

SoylentNews is people

Will Wisconsin Get Foxconned?

posted by takyon on Tuesday August 01 2017, @11:04AM   Printer-friendly
from the self-defeating-interstate-competition-for-jobs dept.

-- OriginalOwner_ writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Will Wisconsin Get Foxconned? | Log In/Create an Account | Top | 35 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Tuesday August 01 2017, @09:35PM

    by Anonymous Coward on Tuesday August 01 2017, @09:35PM (#547759)

    Considering the mentally challenged human garbage in control of this state's government, I would say "most definitely" we will get Foxconned. Our governor, senate, and assembly is full of functionally retarded hypocrites.