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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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  • (Score: 5, Insightful) by Anonymous Coward on Sunday August 20 2017, @04:10AM (1 child)

    by Anonymous Coward on Sunday August 20 2017, @04:10AM (#556590)

    We can't afford single payer health care, but we can afford corporate welfare, completely unnecessary military interventions in 7 countries, mass surveillance on the populace, etc. But there's no way the richest country on the planet could pull off single payer.

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  • (Score: 2) by MostCynical on Sunday August 20 2017, @05:32AM

    by MostCynical (2589) on Sunday August 20 2017, @05:32AM (#556597) Journal

    No, that's socialism (tm)

    --
    "I guess once you start doubting, there's no end to it." -Batou, Ghost in the Shell: Stand Alone Complex