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Wisconsin's $4.1 Billion Foxconn Boondoggle (theverge.com)
"A story from The Verge reports on Foxconn's substantially scaled-back plans for the heavily subsidized Wisconsin "Gigafactory," writes Slashdot reader kimanaw. Here's an excerpt from the report: The details of the deal were famously written on the back of a napkin when [Foxconn chairman Terry Gou] and the Republican governor first met: a $3 billion state subsidy in return for Foxconn's $10 billion investment in a Generation 10.5 LCD manufacturing plant that would create 13,000 jobs. [...] But what seemed so simple on a napkin has turned out to be far more complicated and messy in real life. As the size of the subsidy has steadily increased to a jaw-dropping $4.1 billion, Foxconn has repeatedly changed what it plans to do, raising doubts about the number of jobs it will create. Instead of the promised Generation 10.5 plant, Foxconn now says it will build a much smaller Gen 6 plant, which would require one-third of the promised investment, although the company insists it will eventually hit the $10 billion investment target. And instead of a factory of workers building panels for 75-inch TVs, Foxconn executives now say the goal is to build "ecosystem" of buzzwords called "AI 8K+5G" with most of the manufacturing done by robots.
Shortly after the Wisconsin deal was signed, Walker was touting the Foxconn deal in campaign-style speeches across the state. But by October 2017, just a month after the legislature passed the Foxconn deal, a poll showed only 38 percent of the people in southeastern Wisconsin, where the plant would be located, thought the plant would be a net positive for the state. This was followed by March 2018 poll, which showed that 66 percent of people in the state believed their local businesses wouldn't benefit from the Foxconn deal, and only 25 percent thought it would be beneficial. This was dreadful news for Walker, who suddenly stopped talking about Foxconn. He didn't even mention the deal in a November 2017 speech announcing his run for re-election. It was also bad news for Foxconn, as every Democrat running for governor proceeded to condemn the deal. Both Walker and Foxconn now needed to sell this deal to the voters.
Shortly after the Wisconsin deal was signed, Walker was touting the Foxconn deal in campaign-style speeches across the state. But by October 2017, just a month after the legislature passed the Foxconn deal, a poll showed only 38 percent of the people in southeastern Wisconsin, where the plant would be located, thought the plant would be a net positive for the state. This was followed by March 2018 poll, which showed that 66 percent of people in the state believed their local businesses wouldn't benefit from the Foxconn deal, and only 25 percent thought it would be beneficial. This was dreadful news for Walker, who suddenly stopped talking about Foxconn. He didn't even mention the deal in a November 2017 speech announcing his run for re-election. It was also bad news for Foxconn, as every Democrat running for governor proceeded to condemn the deal. Both Walker and Foxconn now needed to sell this deal to the voters.
Worse, neither politicians, journalists nor many public servants can do arithmetic. That is about $200,000 subsidy per job! There are not many small businesses that could not create jobs for a fraction of that!
Sorry but you don't seem to understand the difference between politicians and whores.
Whores have ethics and morals.
Paul Ryan was all over this deal when it looked good.
If it wasn't falling apart, he would be taking credit.
For example -
Paul Ryan Lauds Foxconn Decision
https://paulryan.house.gov/news/documentsingle.aspx?DocumentID=398716
Paul Ryan Praises Foxconn Deal During Wisconsin Stop
https://www.wpr.org/paul-ryan-praises-foxconn-deal-during-wisconsin-stop
Paul Ryan: Foxconn deal is a game changer
https://www.cnn.com/videos/politics/2017/08/22/paul-ryan-town-hall-wisconsin-foxconn-deal-sot.cnn/video/playlists/paul-ryan-town-hall/
Paul Ryan calls eminent domain takeovers wrong, but won't help homeowners in Foxconn case
https://www.jsonline.com/story/money/business/2018/03/26/paul-ryan-decries-eminent-domain-seizing-private-property-economic-development-not-foxconn-homeowner/454233002/
Congressman Paul Ryan Breaks Ground at Foxconn Development
https://paulryan.house.gov/news/documentsingle.aspx?DocumentID=398808
Even Trump was giving it his stamp of approval.
From Wikipedia -
Foxconn and President Donald Trump announced at the White House on July 26, 2017 that Foxconn will build a US$10 billion flat screen TV manufacturing plant in southeastern Wisconsin. The Foxconn deal, promising 13,000 high paying jobs, is the largest corporate attraction deal in U.S. history, in terms of pure number of jobs. Foxconn is expected to contribute $51.5 billion to Wisconsin's GDP over the next 15 years, which is $3.4 billion dollars annually. However, the deal is being criticized for the $3 billion in tax-payer funded incentives given to Foxconn, though every $1 in state incentives is estimated to generate a return of $18 in additional state GDP.
Foxconn will also be exempt from an environmental impact statement, water quality certification and permits for some activities on or near waterways, but must comply with air, solid waste and hazardous waste standards. Given water concerns, Foxconn is spending $30 million on zero liquid discharge technology, nearly eliminating any industrial waste water discharge. Foxconn is also required to replace wetlands at a higher ratio than other companies; Foxconn must restore 2 acres of wetland for every 1 acre disturbed instead of the ratio of 1.2 to 1 for other companies.
As of October 4, 2017, Foxconn agreed to locate their plant at Mount Pleasant, Wisconsin, and broke ground for the plant June 28, 2018. President Trump was in attendance to promote American manufacturing.
We don't actually have a conservative party anymore. We have two crony capitalist parties with opposing views on a few social issues, to keep the masses from realizing they're really just fangirling over which set of rich people get richer.
Except there is no such thing as a non crony capitalist society, you guys are fed so much pro corproate propaganda you never check to see whether your society works as advertise. There has never been a time your government has worked for you, there was a brief moment after the great depression but after that, the rich got mad and went to claw back all working peoples gains and you all fell for it.
US distribution of wealth
https://imgur.com/a/FShfb
http://www2.ucsc.edu/whorulesa...
Princeton study
https://scholar.princeton.edu/...
Here are billions of dollars in energy subsidies, aka when politicians are saying social services need to be cut, they are speaking out both sides of their mouths because they know most people don't look at what companies are getting free handouts from subsidies.
https://www.imf.org/external/p...
Protectionism for the rich and big business by state intervention, radical market interference.
https://www.youtube.com/watch?...
Our brains are much worse at reality and thinking than thought. Science on reasoning:
https://www.youtube.com/watch?...
Manufacturing consent:
https://www.youtube.com/watch?...
https://vimeo.com/39566117
There's all sorts of prep work going on. They're condemning people's homes and land. They're tearing up all the roads and traffic is hell. Oh yeah, my property tax bill jumped up this year.
At about the same time Walker was making his deal, Foxconn was laying off workers in Taiwan at an LCD plant because they were being replaced by robots. Taiwanese people earn far less than US people. Why would they hire expensive US workers when they're replacing cheaper Taiwanese workers with robots?
Walker is running for reelection but doesn't talk about Foxconn. Hmmmm.