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I have some knowledge of the Kenosha-Racine area. The publicized plant plan was never going to happen. It was a corrupt political move from the start. If Fox
by logfromblammo 8y ago
I have some knowledge of the Kenosha-Racine area. The publicized plant plan was never going to happen. It was a corrupt political move from the start. If Foxconn ever gets up to 13000 jobs in Wisconsin, with the majority as skilled manufacturing jobs filled by US persons, I will eat my hat. Raw.
The region simply does not have the type of workers that the plant would require, and it does not have anything there to attract the required workers. I'm not sure where all that money was supposed to go, but it for danged sure is not going to residents and businesses in Kenosha and Racine counties. As far as I know, the Republican Party officeholders in Wisconsin paid millions of the people's dollars to a foreign company, with promises of billions more, just for enough dubious promises to win one or two elections. (But that isn't stopping the party supporters that I know from making jobs claims, of course.)
Wisconsin might end up paying $200k to $1M for each job that actually gets created. I'm assuming that at about $8k direct tax revenue to the state for each employee, that's a payoff period of 25 to 125 years. I estimated about 7% tax on $60k income, and about 2% property tax on a $200k house. As far as I am aware, it's the worst deal ever made in the entire sordid history of "buying jobs". I wouldn't even consider moving back, unless one or more of the principals involved in making that deal faced criminal charges under chapter 946, subchapter II [0]. And the incoming new governor is already walking back campaign promises to act tough on the Foxconn deal.
To say they "screwed up" is an understatement. They screwed everyone in the whole state, for decades to come, and a good number of people are screwed right now, near the construction site. Eminent domain has been used, as with Kelo v. New London, for the exclusive benefit of a private party. Environmental concerns are being met with waivers instead of oversight. Nearby municipalities are making infrastructure investments that will likely turn into bankruptcy if Foxconn does not deliver. Foxconn only hired 178 of the 260 it was supposed to have hired in 2018, and their jobs target for this year is 2080. Remember: the promised number was 13000 jobs total.
[0] https://docs.legis.wisconsin.gov/statutes/statutes/946 https://docs.legis.wisconsin.gov/statutes/statutes/946