Trump's Foxconn deal a scam will cost tax payers 4.5 billion
 

Waiting for Robbie, Vendillza and other so called lower tax guys to explain this one away.. Trump's Foxconn deal that he went on and on about will be given the largest govt subsidy of any foreign country in the history of the US..


Congrats you dumb fucking Red Hats you got the tax payers fucked again....

https://www.vanityfair.com/news/2018...p-foxconn-scam

The deal will cost taxpayers more than $4.5 billion in subsidies, but because manufacturing companies in Wisconsin are already exempt from paying taxes, “Foxconn, which generated a hundred and fifty-eight billion dollars in revenue last year, will receive much of this subsidy in direct cash payments from taxpayers”—the largest subsidy given to a foreign corporation in U.S. history

If Wisconsinites ever see a return on their investment, it’ll be in 2042 at the earliest, according to analysis from the nonpartisan Legislative Fiscal Bureau

Good old Scott Pruitt did Foxconn a solid by “overrul[ing] the objections of his staff to grant most of southeastern Wisconsin an exemption from limits on smog pollution” so the plant can poison the air to its heart’s delight

The company has been granted special court privileges by the state legislature, like the ability to make numerous appeals of unfavorable rulings in a single case

The town’s Village Board of Trustees has been using eminent domain to expel obstinate homeowners, forcing them to “sell at a price determined by the village.” They’ve been able to do so by decreeing the 2,800-acre area around the plant “blighted,” a designation typically reserved for property that is “detrimental to the public health, safety, or welfare,” but which the board has extended to include property that “impairs or arrests the sound growth of the community”

Of course you left off the biggest part: 13,000 jobs with an average salary of $53,000!

So you'd rather not give them tax incentives to come open up a plant, and forfeit 13k jobs?

Those jobs were headed for China. I'd rather have them here, wouldn't you?

no it is YOU who left out the most important part:

. . . the company recently changed the type of factory it plans to build, downsizing to a highly automated plant that will only require three thousand employees, ninety per cent of them “knowledge workers,” such as engineers, programmers, and designers. Almost all of the assembly work will be done by robots.


so to recap: 4.500.000.000$ to subsidize 3K unsustainable jobs...meaning that those 3K jobs are pretty much fucked...

fat people are not competitive...when will you learn? :1orglaugh:1orglaugh:1orglaugh:1orglaugh

Notice all the Red Hats dodged this one..


Oh and don't forget they were given a "free pass" from Trump's EPA to have no restrictions on polution..

Trump is so desperate for a deal that he will accept any deal at all.

Trump is pro welfare for corporations and he's a tax dodger that says people who pay taxes are stupid.

Robots took er jerbs!!

Actually... Republicans took their jobs. Because Republicans have been at war with unions and workers rights so now workers have no rights and their good jobs went to shit..

Jesus man do you really think they’re going to give them almost 5 billion in subsidies for 3000 jobs? That’s if they hit that 13,000 jobs mark. You’re really a disingenuous clown.

are you so stupid to not understand this is the exact deal Trump & Walker made? Do you think it's fake news?

MAGA. making the rich and elite wealthy at taxpayers expense

turmp would not lie...he is a well known truthful fellow :1orglaugh:1orglaugh:1orglaugh