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Make America Great Again on a roll. Panasonic and Tesla Announces move to Buff
Posted on 12/27/16 at 10:09 am
Posted on 12/27/16 at 10:09 am
LINK
quote:
Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of solar cells at a factory in Buffalo, New York. The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a "long-term purchase commitment" to Panasonic.
quote:
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo.
Posted on 12/27/16 at 10:10 am to MButterfly
Buffalo can use the jobs.
Posted on 12/27/16 at 10:14 am to MButterfly
quote:
New York state has committed $750 million to build and outfit the plant at Buffalo's RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo's "Buffalo Billion" program to revitalize the upstate region's largest city.
So now we're backing government hand-outs to prop up the solar industry?
Posted on 12/27/16 at 10:20 am to ForeLSU
You'll find that many of the truths we hold sacred depend entirely on our point of view, Luke..
Posted on 12/27/16 at 10:29 am to ForeLSU
quote:
quote:
New York state has committed $750 million to build and outfit the plant at Buffalo's RiverBend site, the centerpiece of Democratic Gov. Andrew Cuomo's "Buffalo Billion" program to revitalize the upstate region's largest city.
So now we're backing government hand-outs to prop up the solar industry?
Are they cutting a check for $750 million, or is it "reduce the projected tax bill by $750 million?"
If it's the former, I got beef. If it's the latter, frick you for being dumb enough to fall for the language and the very premise that charging less for a good or service is the same as giving away money.
Posted on 12/27/16 at 10:32 am to ForeLSU
quote:
New York state has committed $750 million
quote:
New York state
quote:
state
I've got no problem with what they do with their money.
Posted on 12/27/16 at 10:35 am to MButterfly
quote:
create 1,400 jobs in Buffalo, 500 in manufacturing
This is total bullshite. Obama said those jobs were gone.
Posted on 12/27/16 at 10:38 am to CoachChappy
quote:
Obama said those jobs were gone.
...and not coming back
Posted on 12/27/16 at 10:43 am to JuiceTerry
quote:
You'll find that many of the truths we hold sacred depend entirely on our point of view, Luke..
Your asschap, you don't wear it well.
Posted on 12/27/16 at 10:55 am to SoulGlo
quote:
Are they cutting a check for $750 million, or is it "reduce the projected tax bill by $750 million?"
well it says they're building and outfitting the plant, so I would assume it is the former
nevertheless....
quote:
If it's the latter, frick you for being dumb enough to fall for the language and the very premise that charging less for a good or service is the same as giving away money.
Chill bro...I'm just having fun with the hypocritical goofballs on here who would be wildly flailing away right now had this program been announced 2 years ago.
Posted on 12/27/16 at 11:31 am to ForeLSU
Im feeling a bit of extra "frick you"ish today.
Posted on 12/27/16 at 11:34 am to ForeLSU
quote:
New York state has committed $750 million
quote:I don't reside in NY so don't much give a shite.
So now we're backing
Posted on 12/27/16 at 11:38 am to SoulGlo
quote:But the language is the only difference.
frick you for being dumb enough to fall for the language and the very premise that charging less for a good or service is the same as giving away money.
Please explain the difference if the net result is the same.
If you buy a car from me for $20k, and then I give $10k back, what's the difference if you just bought the car for $10k to begin with? The net result is the same: I'm up $10k and down a car, you're down $10k and up a car, either way. The only difference is a matter of perspective and information.
From my perspective, the car is worth $20k, so in either case I am giving you $10k.
From your perspective, if you bought the car for $20k without knowing I would give $10k back, then to you the car is worth $20k and the $10k was just given to you. If, instead, you did know I would give $10k back, then it's a matter of your opinion whether the car is worth $20k, $10k, or somewhere in between, and you basically have the choice of deciding how much of the $10k is a 'gift'. However, if this is the case, what difference is it to you whether we play out passing cash back and forth, if you know what the net result will be? It just makes it clear that from MY perspective, the $10k is a gift.
It seems to me that since you draw such a strong line between cutting checks and reducing tax bills, you must fall into the 'taxation is theft' crowd.
Posted on 12/27/16 at 11:40 am to MButterfly
quote:
manufacturing
That sucks
Posted on 12/27/16 at 11:48 am to SoulGlo
quote:
Are they cutting a check for $750 million, or is it "reduce the projected tax bill by $750 million?" If it's the former, I got beef. If it's the latter, frick you for being dumb enough to fall for the language and the very premise that charging less for a good or service is the same as giving away money.
Dude it's $750 MILLION. At 10%, that's $7.5 billion in profit to allow for that much of a tax break. NY is giving away some cold hard cash, homie.
Posted on 12/27/16 at 11:48 am to MButterfly
Awesome.
But Buffalo man... Buffalo.
But Buffalo man... Buffalo.
Posted on 12/27/16 at 11:55 am to MButterfly
I love how you've got 20 up votes and zero down votes for a project involving solar energy and yuuuge government subsidies.
Buncha liberals in here.
Buncha liberals in here.
Posted on 12/27/16 at 2:00 pm to Korkstand
quote:
But the language is the only difference.
No.
quote:
Please explain the difference if the net result is the same
The net result is not the same. A tax incentive is NOT the equivalent of cutting a check, no matter how much liberals say that all money belongs to government. Maybe in other countries, but not here.
Your car scenario does not apply unless the car was free to begin with. If the state puts up money to build a factory, that's one thing. If they simply charge less in taxes to bring them in, that's completely different. Saying they are "investing" the "foregone" tax money is like saying you're "investing" comped promo credits from a casino.
If I'm a plumber that has no business for a week, and I tell people I will do a maintenance check for $50 instead of $100, I'm not losing or investing $50. I'm making $50. The alternative to doing the job cheaper is sitting on my arse making nothing.
This post was edited on 12/27/16 at 2:15 pm
Posted on 12/27/16 at 2:17 pm to Korkstand
quote:
If you buy a car from me for $20k, and then I give $10k back, what's the difference if you just bought the car for $10k to begin with? The net result is the same: I'm up $10k and down a car, you're down $10k and up a car, either way. The only difference is a matter of perspective and information.
From my perspective, the car is worth $20k, so in either case I am giving you $10k.
Your scenario only works if the business would have been going to Buffalo anyway. New York isn't "down a car." They sold a car for $10k that laying around collecting dust and rust that nobody was going to buy in the first place.
This isn't hard to understand.
This post was edited on 12/27/16 at 2:19 pm
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