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The numbers here are staggering. The state of Wisconsin under Scott Walker subsidized this project at a rate of $14,000-$19,000 per citizen, not including the e
by RobLach 8y ago
The numbers here are staggering. The state of Wisconsin under Scott Walker subsidized this project at a rate of $14,000-$19,000 per citizen, not including the environmental and infrastructural impacts.
I wonder how much economic stimulus to existing businesses would be created by dropping $15k into everyone’s pocket.
- krrrh 8y ago> I wonder how much economic stimulus to existing businesses would be created by dropping $15k into everyone’s pocket. Probably not as much as just leaving $15k in everyone's pocket in the first place. It's really insane to think that they created a $60k liability for a family of 4.
- refurb 8y agoGiving a tax break to get a company to move to your state doesn’t cost you anything if not offering it means you get no new jobs.
- mikeash 8y agoBasic game theory: you should always defect, because you’re always better off. Yet the ideal outcome happens when nobody defects. This is why the states should agree (or the Feds somehow impose restrictions) not to make these sorts of deals.
- refurb 8y agoSo what’s the incentive for governments to become more efficient, need less tax money and attract more business? I like the fact that states can choose to compete for companies.
- mikeash 8y agoI’m not proposing to ban lower taxes, just company-specific deals like these. A state wants to have a more friendly business environment to attract companies? Great! Just don’t negotiate tax breaks for a single factory.
- mlindner 8y agoNo it was not subsidized. You're making the same claims as those that claim that Nevada subsidized the Tesla Gigafactory that the backwards right likes to make. Don't fall for the same fallacies.