This will be in Paul Ryan's district. Fishy enough?
Foxconn to Build $10B Factory in U.S
121–130 of 157 posts
Re: Foxconn to Build $10B Factory in U.S
#122That's a one time cost.
Sounds reasonable when you compare it to California spending $21 Billion each year to subsidize 3 million people.
Re: Foxconn to Build $10B Factory in U.S
#123This will be in Paul Ryan's district. Fishy enough?
Outer Milwaukee is a logical place to build a large factory in Wisconsin. So hard to read much into that particular aspect of it.
Re: Foxconn to Build $10B Factory in U.S
#124$3 billion in subsidies for 3,000 jobs. http://www.jsonline.com/story/news/2017/07/26/scott-walker-h...
I see a lot of people focusing just on the 3k jobs, but isn't building the multi-billion dollar plant going to inject some good money and jobs into the economy as well?
Additionally, there must be worse things to blow three big ones on.
In FY 2015, Pentagon and related spending totaled $598 billion, about 54% of the fiscal year 2015 U.S. discretionary budget.
1. https://en.wikipedia.org/wiki/Military_budget_of_the_United_...
Re: Foxconn to Build $10B Factory in U.S
#125This is a giant photo op good will by Foxconn. Just like the Carrier announcement. My bet is that there won't be any factory, and even if there is it would be a small outpost employing a handful of people. All financed by giant taxpayer subsidies
The subsidies are tax credits. They make the location more attractive, they don't finance the project.
Re: Foxconn to Build $10B Factory in U.S
#126Earlier quoted context omitted.
Marxists think they have a total understanding of society and economy. They don't see the future as uncertain, but rather as a series of inevitable steps that proceed towards a global communist state of society where human nature no longer applies and people are no longer self-interested. So they've got this weird verbal tic where they discuss present events as though they're historical events. After all, when you kn…
"Late stage" is, as you say, Marxist terminology that presumes a known end state. You are right to ridicule it, though downvoted you shall be.
I don't see how talking of a late stage of capitalism presumes a known end state. It only requires the assumption that 1) capitalism is not going to be around forever, and 2) we're closer to the point where it's going to be replaced by something else, than we are to the point where it replaced the socioeconomic system that preceded it. You don't have to believe that the following system is necessarily socialism or communism, nor do you have to believe that it's going to be the last such transition.
Re: Foxconn to Build $10B Factory in U.S
#127This will be in Paul Ryan's district. Fishy enough?
For anyone actually interested in learning how hard southern Wisconsin has worked to get manufacturing back after the GM plant closure, I recommend Janesville: an American Story. Suffice to say that many, many people both R and D want these jobs in Paul Ryan's district and willingness to offer incentives is fully bipartisan. https://www.amazon.com/Janesville-American-Story-Amy-Goldste...
Re: Foxconn to Build $10B Factory in U.S
#128Earlier quoted context omitted.
Scandinavian quality of life is very nice, better than the US, and is socialistic in nature. Socialism can and does work.
No, Scandinavian countries are capitalist and in fact more economically free than the US. They have little or no nationalization of industry. The Scandinavian socialism meme needs to die.
Much as it irks me to say so, I'm afraid this ship has sailed, at least in American English. For more than half a century, conservatives have been trying to conflate welfare state, and generally any form of wealth redistribution, with socialism. They have succeeded spectacularly, though perhaps not in ways they anticipated, as seen by how broadly popular such redefined "socialism" is among millennials - and how much easier that, in turn, makes it to sell the real thing.
Re: Foxconn to Build $10B Factory in U.S
#129Earlier quoted context omitted.
Keep in mind that it's tax rebate, so Wisconsin is not getting any of that if they didn't lure foxconn to them in the first place. Taxpayers are actually not funding any of this. The money is effectively taken from wherever foxconn was gonna build this factory, like China, or Mexico.
> Taxpayers are actually not funding any of this. Today if you buy an LCD monitor from Foxconn, they have to pay ~5% Wisconsin state sales tax. Under this deal, they get the rebate. So, taxpayers are paying with revenue they would otherwise have gained.
The sales tax credit is only for construction materials.
Re: Foxconn to Build $10B Factory in U.S
#130Earlier quoted context omitted.
Tax incentives are not the same as cash payments
Forgoing revenue is the same as forgoing a payment.
Those taxes are a cost of doing business in the state - akin to the rent on a property. If nobody wants to rent your property at your asking price, you can let it sit empty and get zero, or lower your price and get more than zero. You are not "forgoing" anything by lowering your price in that case. You never had that revenue to give up in the first place.