While the infrastructure fails, schools struggle, and budgets multiply, our technology giants have been pledged over $10 billion in both state and local subsides over the past 7 years.
For clarification, these “private companies” are amongst the world’s most profitable entities.
Based on the research done by watchdog group Good Jobs First, the size of individual handouts appears to be growing. Foxconn, the Taiwanese manufacturer of the iPhone and PlayStation was award of $4.8bn for a Wisconsin plant.
While proponents of such subsidies focus on the job growth expected to occur due to such American facilities, according to Good Jobs Fits, the total taxpayer cost of a job created is over $648 thousand in these mega deals.
Nevada, proud home to Tesla’s “Gigafactory,” handed out $1.3 billion in tax benefits – the largest subsidy the state has ever awarded.
LeRoy of Good Jobs First believes handouts are only likely to increase. he said. “The big loser is the taxpayer,” he said.
So are restaurants, and bakeries yet they are told to abide by laws as to serving people they don’t want. They need to follow the same rules and not stop certain speech except hate speech , which they allow if liberal.
Just more linings of pockets for politicians and local leaders who make more money.
Funny how the Dems say how they will tax the wealthy, but the wealthy end up with more wealth.
For years it was said that the Republicans were only for the wealthy, but the Dems are the upper 1% in wealth today ( ie Gates, Zuckerburg, Sorros, and those other big tech CEO’s)
Trump missed out He should have pulled the taxpayer plug the first time he got publicly trashed by them He had the power