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With comments like ”There’s a whole lot of people out there scrambling to try and come up with a reason not to like this, They can go suck lemons. The rest of u

With comments like ”There’s a whole lot of people out there scrambling to try and come up with a reason not to like this, They can go suck lemons. The rest of us are going to cheer and figure out how we are going to get this thing going forward.” It's pretty clear what happened. Walker isn't a fan of thing like 'reason' and 'numbers' and 'facts' and instead likes to commit billions of others peoples money based on his faith that things will work out if he just wants it enough. But what confuses me is Foxconn changing what they said they would do. When they announced that instead of building the 10.5 plant they had committed to building, they were going to build a Gen 6 plant, why didn't the state of Wisconsin say "OK, that's great, give back every last penny of money you have ever received from us immediately, and then we will begin discussions on a different deal since you have broken the contract on the first one?" Instead they just keep giving money to Foxconn no matter what they do? Just how many shares of Foxconn did Walker and his family and friends get for this?

restingrobot 8y ago
If you read the article it explains that Foxconn changed their plans after Wisconsin refused to subsidize a necessary Corning factory. I think that people are forgetting that this a subsidy to build. The state is not "giving" Foxconn money, it's just choosing not to collect taxes/permit fees/construction costs, for them to put in the factory. Once the factory is built, there is nothing stopping the state from modifying their corporate tax laws to recoup this investment much faster. Also your last statement is just preposterous notion. Governor Walker is not personally gaining anything financial from this deal. It was a desperate bid to push his re-election campaign. Personally I think that the deal has soured so much that it should be cancelled, but the original $3 billion for jobs sounded very sound. Especially for a very economically repressed location like Racine.
- Clobbersmith 8y ago
  At ~200k/job, why not just have the state give universal basic income to everybody in Racine? Don't like handouts? Have them dig a giant hole and fill it in afterwards.
  - ychen306 8y ago
    At this rate of return, they could make college free, and still get a faster return of investment.

restingrobot 8y ago

If you read the article it explains that Foxconn changed their plans after Wisconsin refused to subsidize a necessary Corning factory. I think that people are forgetting that this a subsidy to build. The state is not "giving" Foxconn money, it's just choosing not to collect taxes/permit fees/construction costs, for them to put in the factory. Once the factory is built, there is nothing stopping the state from modifying their corporate tax laws to recoup this investment much faster. Also your last statement is just preposterous notion. Governor Walker is not personally gaining anything financial from this deal. It was a desperate bid to push his re-election campaign. Personally I think that the deal has soured so much that it should be cancelled, but the original $3 billion for jobs sounded very sound. Especially for a very economically repressed location like Racine.

Clobbersmith 8y ago
At ~200k/job, why not just have the state give universal basic income to everybody in Racine? Don't like handouts? Have them dig a giant hole and fill it in afterwards.
- ychen306 8y ago
  At this rate of return, they could make college free, and still get a faster return of investment.