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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.
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Ten years of rejection slips is nature's way of telling you to stop writing.
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(Score: 3, Insightful) by Grishnakh on Sunday August 20 2017, @05:41PM (3 children)
The population of Wisconsin is under 6 million, so this is $500 per person, or maybe $2000 per family. If you took a vote, the chances that the majority of voters would approve this? Need we ask? The state would be economically better off, if they reduced state taxes by this amount.
They DID take a vote. The people voted for representatives and a governor who champion this. The people (a majority of them at any rate) are getting exactly what they voted for.
(Score: 1, Insightful) by Anonymous Coward on Sunday August 20 2017, @09:18PM (1 child)
Campaigns are not single-issue, I don't believe the option on the ballot was "let's just give corporations money". Maybe voters were afraid of the gayification that a Democratic administration would bring, so they voted GOP.
(Score: 0) by Anonymous Coward on Monday August 21 2017, @07:26AM
Exactly. Just because people voted for someone in a two party system that encourages voting for who you see as the lesser evil does not mean they agree with all of their policies. General mandates do not exist and I am tired of seeing people pretend otherwise.
(Score: 0) by Anonymous Coward on Sunday August 20 2017, @11:25PM
A vote marred by unlawful gerrymandering (http://www.npr.org/sections/thetwo-way/2017/06/19/533519165/supreme-court-agrees-to-hear-wisconsin-gerrymandering-case). The GOP should not have the dominance in the state house that they do.