re: corporate welfare vs socialism

quote:

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Carrier gets tax breaks.

keeps half the jobs in Indiana. sends half the jobs to Mexico.

Indiana loses tax income.

is this a corporate welfare plan?

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How in the frick is letting them keep more of their money "welfare"? Welfare is giving them money.

So 1000 jobs stay, probably average $35-40K. So call that a $35MM payroll. Every 1% of state tax is $350K, is probably 3 or 4 %

So the state is letting them keep $7M over 10 years to get something over $1M a year and they save a few hundred K in UE benefits on the front end.

What sort of moron would question this?

I would invest whatever I could to get a return at that rate.

"Don't give me $700K a year, give me over a million."

yeah, "welfare"