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Wisconsin Lawmakers Vote to Provide up to $3B in Subsidies to Foxconn.

posted by martyb on Saturday August 19 2017, @11:52PM   Printer-friendly
from the Politics dept.

Whoever writes:

The lawmakers in Wisconsin voted in favor of an incentives package worth up to $3B for Foxconn. The total value of the package depends on the number of jobs that Foxconn creates in the state, so, effectively, the state is paying about $500,000 for each new job.

Most of the incentive is in the form of cash payments from the state to Foxconn, not just tax waivers. The cost to the residents of the state is about $1,200 per household.

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Wisconsin Lawmakers Vote to Provide up to $3B in Subsidies to Foxconn. | Log In/Create an Account | Top | 53 comments | Search Discussion
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  • (Score: 0) by Anonymous Coward on Sunday August 20 2017, @02:48AM (2 children)

    by Anonymous Coward on Sunday August 20 2017, @02:48AM (#556573)

    capitalism 101

  • (Score: 2) by hemocyanin on Sunday August 20 2017, @03:59PM (1 child)

    by hemocyanin (186) on Sunday August 20 2017, @03:59PM (#556708) Journal

    At least the crony version.

    • (Score: 3, Insightful) by Osamabobama on Tuesday August 22 2017, @12:21AM

      by Osamabobama (5842) on Tuesday August 22 2017, @12:21AM (#557306)

      So, probably capitalism 102, then?

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