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07-27-2017, 09:15 AM
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#1
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,813
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Hello Wisconsin!!
http://hotair.com/archives/2017/07/2...ory-wisconsin/
Trump announces Foxconn plant
Largest in the history of the State.......
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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07-27-2017, 09:27 AM
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#2
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Big corporate welfare on this deal, though -- $230k/job between federal and state tax incentives.
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07-27-2017, 09:37 AM
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#3
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Veteran
Join Date: Mar 2005
Posts: 314
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Fox CONn has made these promises before when anticipating heat in the US. Maybe this time is different but declaring victory this early will certainly comeback to bite him in the Ass if they once again fail to deliver.
https://www.adn.com/nation-world/201...ump-jobs-plan/
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07-27-2017, 09:38 AM
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#4
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,813
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Quote:
Originally Posted by Saratoga_Mike
Big corporate welfare on this deal, though -- $230k/job between federal and state tax incentives.
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I heard on the radio, as long as the jobs last 3 yrs everything after that is gravy. It's the peripheral stuff that makes it worth while in the beginning anyway. Construction etc.
We went through the same thing in Ohio years ago with Honda. It's turned out great. Let's hope it does in Wisconsin
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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07-27-2017, 09:42 AM
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#5
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by JustRalph
I heard on the radio, as long as the jobs last 3 yrs everything after that is gravy. It's the peripheral stuff that makes it worth while in the beginning anyway. Construction etc.
We went through the same thing in Ohio years ago with Honda. It's turned out great. Let's hope it does in Wisconsin
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Good news, but I don't like handouts (whether it's Dems giving them out or Reps).
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07-27-2017, 09:56 AM
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#6
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Registered User
Join Date: Jul 2013
Posts: 17,095
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Quote:
Originally Posted by Saratoga_Mike
Good news, but I don't like handouts (whether it's Dems giving them out or Reps).
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I don't either, but as long as it is a state or local issue, the people there have to live with the consequences of their chosen leaders. The federal government has no business picking and choosing individual firms to subsidize.
I never believe the numbers on those deals either. Like those that "prove" that if a city builds a new stadium for a pro team, they will get all the money back from sales taxes on increased food and liquor sales around the stadium.
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A man's got to know his limitations. -- Dirty Harry
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07-28-2017, 09:08 AM
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#7
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Registered User
Join Date: Apr 2009
Location: Mukwonago, WI
Posts: 3,208
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Quote:
Originally Posted by Saratoga_Mike
Big corporate welfare on this deal, though -- $230k/job between federal and state tax incentives.
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Mike, over 30 years time. Average pay estimated to be $54,000 per employee. The state will recoup this in income tax easily, but you fail to see that.
in addition, an estimated 20k support jobs will be created around it, and the plan is to build a town around the facility, creating a whole new tax base.
This is a huge win for Wisconsin and our people.
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"I don't always frequent message boards, but when I do, I prefer PaceAdvantage."
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07-28-2017, 10:24 AM
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#8
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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Regarding the tax breaks provided to secure the deal, the way to frame these is to ask how much tax revenue Wisconsin gets if the plant is built in Pennsylvania instead?
The answer to that is why it makes sense for state and local governments to cut these deals. Whatever they net after the giveback is still better than the zero burger they eat otherwise.
It's a giveback of some portion of future revenue that won't exist at all if they don't cut a deal.
I'd do this deal in a second. I think you would too, Mike.
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07-28-2017, 12:33 PM
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#9
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,813
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Quote:
Originally Posted by wisconsin
Mike, over 30 years time. Average pay estimated to be $54,000 per employee. The state will recoup this in income tax easily, but you fail to see that.
in addition, an estimated 20k support jobs will be created around it, and the plan is to build a town around the facility, creating a whole new tax base.
This is a huge win for Wisconsin and our people.
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If Obama had pulled it off we would be hearing how great it is for a month
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WE ARE THE DUMBEST COUNTRY ON THE PLANET!
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08-02-2017, 02:00 PM
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#10
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Veteran
Join Date: Mar 2005
Posts: 314
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Last edited by jms62; 08-02-2017 at 02:02 PM.
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08-02-2017, 05:24 PM
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#11
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Registered User
Join Date: Nov 2001
Location: Norfolk VA
Posts: 6,246
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Quote:
If Obama had pulled it off we would be hearing how great it is for a month
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Obama gave us Solydra which costs the taxpayers hundreds of millions.
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08-02-2017, 06:46 PM
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#12
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Bombardier
Join Date: Sep 2003
Posts: 4,043
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Quote:
Originally Posted by JustRalph
If Obama had pulled it off we would be hearing how great it is for a month
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Especially from you, right?
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08-02-2017, 07:34 PM
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#13
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Registered User
Join Date: May 2011
Posts: 22,655
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Quote:
Originally Posted by delayjf
Obama gave us Solydra which costs the taxpayers hundreds of millions.
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yes, but 0bama has some friends that he can golf with and stay at their private islands or on their yachts
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08-02-2017, 07:59 PM
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#14
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,614
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Quote:
Originally Posted by _______
Regarding the tax breaks provided to secure the deal, the way to frame these is to ask how much tax revenue Wisconsin gets if the plant is built in Pennsylvania instead?
The answer to that is why it makes sense for state and local governments to cut these deals. Whatever they net after the giveback is still better than the zero burger they eat otherwise.
It's a giveback of some portion of future revenue that won't exist at all if they don't cut a deal.
I'd do this deal in a second. I think you would too, Mike.
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There is another benefit that became apparent to me when a boatload of my friends were laid off from NYC OTB a few years back. NYC OTB was losing money. So it was closed. Once it was closed, a whole bunch of relatively unemployable people starting collecting unemployment, some went on medicaid, some probably even went on food stamps etc...
I started wondering which way the state was losing more money, before or after the closure.
It's not just what you bring in that counts.
It's also what you don't have to pay out if people have jobs.
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"Unlearning is the highest form of learning"
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08-02-2017, 09:54 PM
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#15
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Grinding at a Poker Table
Join Date: Nov 2007
Posts: 4,902
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Quote:
Originally Posted by classhandicapper
There is another benefit that became apparent to me when a boatload of my friends were laid off from NYC OTB a few years back. NYC OTB was losing money. So it was closed. Once it was closed, a whole bunch of relatively unemployable people starting collecting unemployment, some went on medicaid, some probably even went on food stamps etc...
I started wondering which way the state was losing more money, before or after the closure.
It's not just what you bring in that counts.
It's also what you don't have to pay out if people have jobs.
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When you work you are likely to be more self-reliant than not.
When you receive assistance you are likely to be more dependent than not.
One particular party (they happen to be in control in NY) seeks to create and target dependents as their voting base.
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