- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Remember that Foxconn deal to bring manufacturing jobs to Wisconsin?
Posted on 11/5/18 at 1:00 pm to cajunangelle
Posted on 11/5/18 at 1:00 pm to cajunangelle
I wouldn't expect you to offer a cogent analysis and argument for it either way, so no worries here
Posted on 11/5/18 at 1:00 pm to boosiebadazz
quote:
Those costs include taxpayer subsidies to the company totalling more than $4.5 billion, the largest subsidy for a foreign corporation in American history. Since Wisconsin already exempts manufacturing companies from paying taxes, Foxconn, which generated a hundred and fifty-eight billion dollars in revenue last year, will receive much of this subsidy in direct cash payments from taxpayers. Depending on how many jobs are actually created, taxpayers will be paying between two hundred and twenty thousand dollars and more than a million dollars per job.
For that kind of money Walker had best get something like a 50-year commitment for x thousands of jobs from them.
Posted on 11/5/18 at 1:03 pm to Bard
It was supposed to be 13,000 jobs but they changed the design of the plant and now it's going to be 3,000 knowledge workers (engineers, programmers, etc.).
Posted on 11/5/18 at 1:04 pm to Lakeboy7
What scum you are?
Tell us what idiots on the left thought the caravans were a good idea
Tell us what idiots on the left thought the caravans were a good idea
Posted on 11/5/18 at 1:10 pm to boosiebadazz
quote:
knowledge workers
Corporate speak at its finest.
Posted on 11/5/18 at 1:11 pm to boosiebadazz
A factory built in America with American safety standards, staffed with Americans who are protected with American labor laws probably costs a lot more than using an Asian slave pit with suicide nets. No doubt about it. However the question is, which model do you really want to support?
This post was edited on 11/5/18 at 1:12 pm
Posted on 11/5/18 at 1:13 pm to boosiebadazz
This is a classic example of shite opinion being reported as news.
Posted on 11/5/18 at 1:17 pm to boosiebadazz
quote:Okay, so that's 14 years from now, and the plant hasn't been built, yet, which would take at least several years to complete, staff and go on-line into production.
the earliest citizens might see a return on their Foxconn investment is in 2042
Do you realize that people buy and pay for solar panels all the time that do not provide a break-even point for up to 10 years? But yet... that's okay, cause it's, you know... solar man.
Posted on 11/5/18 at 1:21 pm to HubbaBubba
quote:
Okay, so that's 14 years from now, and the plant hasn't been built, yet, which would take at least several years to complete, staff and go on-line into production.
Do you realize that people buy and pay for solar panels all the time that do not provide a break-even point for up to 10 years? But yet... that's okay, cause it's, you know... solar man.
It's 24 years from now. I understand the concept of delayed gratification and investing for the future.
I also understand the appeal of bringing back skilled manufacturing jobs for the middle class, but this project is not looking to be that. Foxconn has already changed the design to favor automation, and what was promised as 13,000 jobs is now more likely a quarter of that.
3,000 jobs is nothing to scoff at, but at what cost are we willing to pay to entice these companies to come back to American shores? Did you see the past where the economics professors projected 90,000 jobs could be created if that $4.5 billion was instead given to random entrepreneurs in the state?
Posted on 11/5/18 at 1:24 pm to boosiebadazz
quote:True. Still working on the two column thing.
It's 24 years from now
Posted on 11/5/18 at 1:27 pm to boosiebadazz
quote:Honestly, I didn't, and I would like to. That aside, economics professors, by and large, who aren't exceedingly wealthy, should probably not have much of a say in government economics and investments. Not saying this guy isn't. There's many brilliant people out there that we should take their advice.
Did you see the past where the economics professors projected 90,000 jobs could be created if that $4.5 billion was instead given to random entrepreneurs in the state?
Then there are those who are so self-important, like Milton Friedman, who should be 100% ignored.
This post was edited on 11/5/18 at 1:28 pm
Posted on 11/5/18 at 1:28 pm to boosiebadazz
So government bad again?
Aren’t you left leaning? But now for some reason you think government intervention is bad? Make up your mind brocephus.
Aren’t you left leaning? But now for some reason you think government intervention is bad? Make up your mind brocephus.
Posted on 11/5/18 at 1:30 pm to boosiebadazz
quote:
Remember that Foxconn deal to bring manufacturing jobs to Wisconsin?
No
Posted on 11/5/18 at 1:41 pm to boosiebadazz
quote:
It was supposed to be 13,000 jobs but they changed the design of the plant and now it's going to be 3,000 knowledge workers (engineers, programmers, etc.).
LINK
Thas is a better article
It explains the real 13k to 3k number.
13k was including support jobs for the 3k workers
Posted on 11/5/18 at 1:44 pm to MrLarson
quote:
Thas is a better article
That article made it seem even worse for the state.
Posted on 11/5/18 at 1:55 pm to crazy4lsu
quote:
That article made it seem even worse for the state.
Yes it does. Like Bard said, they better have some detailed guarantees on employment levels over the years to get a return on that 4.5 billion.
13k was workable on the numbers. 3k leaves a bad taste if you are from Wisconsin.
Posted on 11/5/18 at 2:41 pm to Snipe
quote:
quote:
Would you like to talk about the chemical plants in the River parishes and the recent air quality numbers that just came out?
No need to I know its a disaster. We all know it. Problem is you have a choice.
Here is some data that might be helpful.
Entire State is now in compliance with Air Quality Standards
Today, Gov. John Bel Edwards announced that the entire state is now in compliance with the National Ambient Air Quality Standards (NAAQS) according to the U.S. Environmental Protection Agency (EPA). The federal ground level ozone standard of 70 parts per billion was established in 2015.
“All of our citizens deserve to have clean air to breathe, and this achievement is evidence of our commitment to make Louisiana an even better place to live,” said Gov. Edwards. “The public benefits from lowered ozone levels which can impact their quality of health. It can also benefit business and the health of our economy. My thanks to Sec. Chuck Carr Brown and his team at LDEQ along with their partners statewide who are making great progress toward improving Louisiana’s environment.”
Louisiana gained total compliance thanks to improved ozone levels in the greater Baton Rouge area, which is comprised of East Baton Rouge, West Baton Rouge, Iberville, Ascension and Livingston parishes.
Posted on 11/5/18 at 7:02 pm to CajunTiger92
That article doesn't mention that Foxconn has to spend 13 billion before they get any of the tax credit.
Popular
Back to top
Follow TigerDroppings for LSU Football News