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posted by takyon on Tuesday August 01 2017, @11:04AM   Printer-friendly
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.


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  • (Score: 1) by i286NiNJA on Wednesday August 02 2017, @04:52PM

    by i286NiNJA (2768) on Wednesday August 02 2017, @04:52PM (#547997)

    Lol you misspelled smurfs but the way things are going I think they probably want a bunch of serfs.

    Preferably tiny malnourished stupid epsilon minus semi moron serfs.