Look up the term ROI. It should be factor into your equation when determining where to invest...House husband
What's the problem? All govt spending trickles down to the peoples.
Look up the term ROI. It should be factor into your equation when determining where to invest...House husband
lol still thinking that's an insult
Try putting that term to practical use and your wife wouldn't have to be the primary breadwinner in your house..."I work in IT" husband
Foxconn fooled Scott Walker and with his help, screwed Wisconsin.
https://boingboing.net/2018/10/29/foxconned.htmlThe bill for Foxconn's taxpayer-funded subsidy has gone up to more than $4.1 billion. Also: Foxconn has scaled the factory plan waaaay back: instead of a $10 billion "Generation 10.5" plant, it will build a much smaller "Generation 6" plant.
Nearly all the work in a Gen 6 plant is robotic.
https://www.theverge.com/2018/10/29/...r-scott-walkerOver the summer, Walker’s response to such criticism was pointed. ”There’s a whole lot of people out there scrambling to try and come up with a reason not to like this,” he said in July of last year. “They can go suck lemons. The rest of us are going to cheer and figure out how we are going to get this thing going forward.” Several weeks later, he called the deal a “once-in-a-lifetime opportunity” that will be “transformational” for the state. “These LCD displays will be made in America for the very first time, right here in the state of Wisconsin.”
The Walker administration did not return repeated requests for comment about when taxpayers would recoup the Foxconn subsidies.
https://www.newyorker.com/news/dispa...ace-to-foxconntaxpayer 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. According to the Legislative Fiscal Bureau, a nonpartisan agency that provides economic analysis to the Wisconsin state legislature, the earliest citizens might see a return on their Foxconn investment is in 2042.
USA USAUSA USAUSA USA USA
“He ran against me in the primary,” Trump said, of Walker. “He was tough. He could be nasty. Wow, but he was tough. He was smart.”Trump went on: “I got him set up with an incredible company called Foxconn.”
Trump’s much-ballyhooed Wisconsin Foxconn plant may import Chinese workers for taxpayer-funded jobs
https://www.rawstory.com/2018/11/tru...e+Raw+Story%29
more affects China than WI, most likely:
https://www.streetinsider.com/Genera.../14954132.htmlApple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter. Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level. The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, said the source, who is not authorized to speak to the media and so declined to be named
https://www.reuters.com/article/us-f...-idUSKCN1PO0FVEarlier this month, Foxconn, a major supplier to Apple Inc., reiterated its intention to create 13,000 jobs in Wisconsin, but said it had slowed its pace of hiring. The company initially said it expected to employ about 5,200 people by the end of 2020; a company source said that figure now looks likely to be closer to 1,000 workers.
LOL. Now they are going to make the TV screens in China, ship them to Mexico for TV assembly, and then import them into the US from there. Sounds like they need to blow up the deal.
it will trickle down
eventually
Wisconsin governor says he wants to renegotiate Foxconn contract
because the Taiwanese company is not expected to reach its job creation goals for the state.
Announced at a White House ceremony in 2017, Foxconn’s 20-million square foot campus marked the largest greenfield investment by a foreign-based company in U.S. history and was praised by President Donald Trump as proof of his ability to revive American manufacturing.
https://www.reuters.com/article/us-foxconn-wisconsin/wisconsin-governor-says-he-wants-to-renegotiate-foxconn-contract-idUSKCN1RT2IN?feedType=RSS&feedName=domesticNews
Carrier
Ford
GM
Foxconn
Coal
... Trash's sickening wins are endless.
Foxconn's Wisconsin Facility is a Ghost Town Where Workers Are Just 'Moving Dirt Around'
The people of Wisconsin are at their wit’s end,
trying to figure out what to do about a Foxconn facility that has
so far failed to create thousands of jobs.
And the Democratic governor, Tony Evers, signaled this week that the deal signed by his predecessor, which provided $4 billion worth of subsidies and infrastructure spending to Foxconn from the state, will likely be renegotiated.
“The hardest part for both supporters and detractors is that no one knows what’s happening,”
“There was a lot in the contract that’s no longer pertinent to anything going on on the ground.”
https://gizmodo.com/foxconns-wisconsin-facility-is-a-ghost-town-where-worke-1834166736?utm_source=gizmodo_newsletter&utm_mediu m=email&utm_campaign=2019-04-20
New Jersey Exposed One of Corporate America’s Favorite Schemes
A state investigation revealed how companies use
empty threats to pry money from local governments.
New Jersey is doing the nation a favor by pulling back the curtain on a problem with which nearly every city and state in America deals:
being blackmailed by corporations into coughing up public money.
States and cities spend tens of billions of dollars annually on these sorts of tax breaks and giveaways:
Estimates range from $45 billion to nearly $100 billion.
On every measure that should matter, though—jobs, incomes, economic growth—studies reveal that
corporate-tax incentives do little to nothing.
Instead,
corporations simply receive windfalls to do what they would have done anyway, or
turn around and break their promises regarding job creation,
while keeping the money they received.
https://www.thenation.com/article/ne...orite-schemes/
A building in Eau Claire that Foxconn said would open as an “innovation center” early this year. The project now appears to be stalled. Photo by Joshua Lott for The Verge
https://www.theverge.com/2019/5/13/1...ty-tax-subsidyAt the event announcing the Madison project, Foxconn’s Alan Yeung said the innovation centers were “not empty,” which prompted laughter from the crowd. Yeung also said The Verge’s story contained “a lot of inaccuracies” and that the company would issue a correction soon. He did not say what those inaccuracies were, and Foxconn never issued a correction, nor has it responded to repeated requests to clarify Yeung’s statement.
One month after Yeung’s comments and promise of a correction, every innovation center in Wisconsin is still empty, according to public do ents and sources involved with the innovation center process.
How Trump’s FoxConn Deal Conned Wisconsin Out Of Billions
The Foxconn deal —
Wisconsin’s ill-fated giveaway of billions of dollars to a Taiwanese electronics giant —
is irretrievably broken.
That’s not an outside opinion. That’s the conclusion of a report commissioned by the state of Wisconsin.
The whole deal was a GOP invention.
Trump bragged that the deal was only happening because he got elected.
Scott Walker, the then-governor of Wisconsin, orchestrated the multibillion-dollar giveaway.
Foxconn Chair Terry Gou admitting the company had no intention of building the promised LCD panels in the United States.
it wouldn’t provide the blue-collar jobs Walker and his cronies promised.
Foxconn floated having a high-tech research facility instead.
Foxconn can’t help itself from asking for more:
They’re hoping to have a longer time to qualify for capital investment tax credits.
In the end, this is
just another Trump-related deal gone horribly wrong.
Trump and Walker made flashy promises,
gave away billions of dollars, and
left the taxpayers holding the bag.
https://www.nationalmemo.com/how-tru...t-of-billions/
Last edited by boutons_deux; 08-09-2019 at 01:19 PM.
What a disgrace.
Wisconsin blames Foxconn, says $3 billion factory deal is off
https://arstechnica.com/tech-policy/...y-deal-is-off/
So much winning under Donceold Trump.
Can we get a microphone in front of he and Scott Walker to comment on the con?
Will Sleepy Joe mention this in his Wisconsin campaign.
You are right, so much winning.
They could use this company facility to clean coal, or make nuclear bombs to stop hurricanes, or make injectable bleach or make a wall paid by Mexico.
Got bent by the Chinaman again, nothing to see here.
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