4 ms·

I don't understand the point of the article, they are just saying that the building is empty and they are lying about it right ? But why should anyone cares ?

by polote 7y ago

macintux 7y ago
For the same reason it's worth writing articles about how taxpayers subsidizing sports stadiums is (almost?) never worth the ROI from a strictly financial standpoint: because people keeping fall for it, so it's useful to be able to have a body of evidence for the next time in hopes they won't fall for it again.
frankbreetz 7y ago
>>As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history. https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant Why should Americans cares how there tax dollars are spent, right?
- champagneben 7y ago
  >if Foxconn met certain targets Have they been met? Has it been a net negative from the taxpayers' standpoint?
  - mburns 7y ago
    https://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-targets-in-wisconsin-now-it-wants-its-money.html https://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-t...
  - kgermino 7y ago
    There are two issues: 1. Foxconn claims that the targets have been met, but the empty buildings obviously make some petiole suspicious. 2. There was also a lot of subsidies and government spending based on the deal that is not tied to the targets. This was mostly at the local level (which __really__ can not afford it without the project going as expected) but the state had some too
  - briffle 7y ago
    Not every tax credit had the targets set. The environmental laws changed for the site are vague enough that anything they decide to do there is okay, and many people lost their homes due to condemnation to clear the land, and roads for the plant. (Plus all the money already spent to upgrade roads, freeway off-ramps, power, and utilities in a very rural area.
rsynnott 7y ago
Vast state aid to a private company resulting in essentially nothing feels like a bit of a scandal...

I don't understand the point of the article, they are just saying that the building is empty and they are lying about it right ? But why should anyone cares ?

by polote 7y ago

I don't understand the point of the article, they are just saying that the building is empty and they are lying about it right ? But why should anyone cares ?

macintux 7y ago

For the same reason it's worth writing articles about how taxpayers subsidizing sports stadiums is (almost?) never worth the ROI from a strictly financial standpoint: because people keeping fall for it, so it's useful to be able to have a body of evidence for the next time in hopes they won't fall for it again.

frankbreetz 7y ago

>>As part of the agreement, Foxconn was set to receive subsidies ranging from $3 billion to $4.8 billion (paid in increments if Foxconn met certain targets), which would be by far the largest subsidy ever given to a foreign firm in U.S. history. https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant https://en.m.wikipedia.org/wiki/Foxconn%27s_Wisconsin_plant Why should Americans cares how there tax dollars are spent, right?

champagneben 7y ago
>if Foxconn met certain targets Have they been met? Has it been a net negative from the taxpayers' standpoint?
- mburns 7y ago
  https://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-targets-in-wisconsin-now-it-wants-its-money.html https://www.cnbc.com/2020/04/09/foxconn-says-it-met-hiring-t...
- kgermino 7y ago
  There are two issues: 1. Foxconn claims that the targets have been met, but the empty buildings obviously make some petiole suspicious. 2. There was also a lot of subsidies and government spending based on the deal that is not tied to the targets. This was mostly at the local level (which __really__ can not afford it without the project going as expected) but the state had some too
- briffle 7y ago
  Not every tax credit had the targets set. The environmental laws changed for the site are vague enough that anything they decide to do there is okay, and many people lost their homes due to condemnation to clear the land, and roads for the plant. (Plus all the money already spent to upgrade roads, freeway off-ramps, power, and utilities in a very rural area.

rsynnott 7y ago

Vast state aid to a private company resulting in essentially nothing feels like a bit of a scandal...