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Money to corporations for lies about the jobs in order to win an election. I've seen this template too many times, this just might be the biggest one ever, how

Money to corporations for lies about the jobs in order to win an election. I've seen this template too many times, this just might be the biggest one ever, however.

ourmandave 8y ago
I'm guessing the Amazon 2nd HQ deal will make Foxconn look like small potatoes.
- Arnt 8y ago
  You're guessing it will involve much more than $315k/job?
  - kbenson 8y ago
    There's something to be said for absolute quantity/amount all on its own. The amount/job may be lower, but it might also be a higher percentage of overall state budget...
  - ourmandave 8y ago
    I don't know, but you should see the future tax revenue Chicago was willing to give up, and they're out of the running.
jorblumesea 8y ago
Why not? It's not like voters hold politicians accountable, nor do they even remember these incidents in the long term. We blindly vote along party lines regardless of performance. We get the politicians we deserve.
Nasrudith 8y ago
This approach is fundamentally one of doctrine and ignoring what actually attracts companies and it isn't even what companies say it is - those are usually bonuses they want on top of what they actually need. It isn't taxes but resources that can be used successfully which itself varies by businesses. If low tax environments were really what they lusted for above all else they would start buying up vast swathes of unincorporated land. Basically nobody except maybe corporate farmers and real estate developers are doing that. The good news is that desired resources vary. It could be mineral resources. It could be location. It could be the labor pool. Infrastructure is a large part of it along with the local labor pool or ability to host one satisfactorily.
- kbenson 8y ago
  It totally makes sense to provide more direct incentives to the other end of the spectrum. What if Wisconsin could tell Foxconn that it's offering to forgive a portion of all student debt for engineering degrees in the colleges around the area? Or that it would reimburse citizens for technical learning courses or training programs for likely positions in the area? Or if Wisconsin was willing to forgive state income tax for Foxconn employees for a certain number of years (which seems to amount to between 5-6% of income)? All strategies that increase the attractiveness of the area by actually making the area a better resource pool over time, and in a way that helps citizens.

Money to corporations for lies about the jobs in order to win an election. I've seen this template too many times, this just might be the biggest one ever, however.

ourmandave 8y ago

I'm guessing the Amazon 2nd HQ deal will make Foxconn look like small potatoes.

Arnt 8y ago
You're guessing it will involve much more than $315k/job?
- kbenson 8y ago
  There's something to be said for absolute quantity/amount all on its own. The amount/job may be lower, but it might also be a higher percentage of overall state budget...
- ourmandave 8y ago
  I don't know, but you should see the future tax revenue Chicago was willing to give up, and they're out of the running.

jorblumesea 8y ago

Why not? It's not like voters hold politicians accountable, nor do they even remember these incidents in the long term. We blindly vote along party lines regardless of performance. We get the politicians we deserve.

Nasrudith 8y ago

This approach is fundamentally one of doctrine and ignoring what actually attracts companies and it isn't even what companies say it is - those are usually bonuses they want on top of what they actually need. It isn't taxes but resources that can be used successfully which itself varies by businesses. If low tax environments were really what they lusted for above all else they would start buying up vast swathes of unincorporated land. Basically nobody except maybe corporate farmers and real estate developers are doing that. The good news is that desired resources vary. It could be mineral resources. It could be location. It could be the labor pool. Infrastructure is a large part of it along with the local labor pool or ability to host one satisfactorily.

kbenson 8y ago
It totally makes sense to provide more direct incentives to the other end of the spectrum. What if Wisconsin could tell Foxconn that it's offering to forgive a portion of all student debt for engineering degrees in the colleges around the area? Or that it would reimburse citizens for technical learning courses or training programs for likely positions in the area? Or if Wisconsin was willing to forgive state income tax for Foxconn employees for a certain number of years (which seems to amount to between 5-6% of income)? All strategies that increase the attractiveness of the area by actually making the area a better resource pool over time, and in a way that helps citizens.