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(Yahoo)   Emblematic of Republican failure in business leadership, failing FoxCON plant in Wisconsin is now working with local Democratic leadership to restructure tax incentives to benefit all parties instead of just making Scott Walker rich   (yahoo.com) divider line
    More: Followup, United States, Foxconn Technology Group, Democratic Party, University of Wisconsin-Madison, Taxation, Wisconsin, Value added tax, new deal  
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908 clicks; posted to Politics » and Main » on 19 Apr 2021 at 8:47 PM (3 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



40 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-04-19 12:25:32 PM  
So many promised jobs that never happened. I'm not seeing it happening either, only talk of possibilities.
 
2021-04-19 12:44:53 PM  
Wisconsin GOP to oppose this in 5, 4, 3, 2, 1,
 
2021-04-19 1:44:05 PM  
Why... THE HELL are you throwing a bone at these guys?

What good does it do? That ship has looong sailed.
 
2021-04-19 7:54:11 PM  
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2021-04-19 8:50:04 PM  

puffy999: Why... THE HELL are you throwing a bone at these guys?

What good does it do? That ship has looong sailed.


I hope you will forgive me. I did not expect this outcome.

The ship sailed long ago. Many thousands of years ago.
 
2021-04-19 8:52:12 PM  
Why are they still getting tax incentives if they didn't do anything they promised? It was supposed to be a fully on computer factory
 
2021-04-19 8:53:52 PM  
The greatest trick that the devil ever played was to convince people to fund a massive boondoggle and then throw good money after bad.
 
2021-04-19 8:55:07 PM  

edmo: So many promised jobs that never happened. I'm not seeing it happening either, only talk of possibilities.


It was going to pay for itself in 25 years! Because we all know every tech manufacturer lasts way longer than that!
 
2021-04-19 8:55:48 PM  

moothemagiccow: Why are they still getting tax incentives if they didn't do anything they promised? It was supposed to be a fully on computer factory


Because they totally promised. Swearsies! They'd never skip out of a promise twice because that would be silly.
 
2021-04-19 8:55:57 PM  
How could you have betrayed us IHOTFM man!?!?

Fark user imageView Full Size
 
2021-04-19 8:56:04 PM  

moothemagiccow: Why are they still getting tax incentives if they didn't do anything they promised? It was supposed to be a fully on computer factory


They had to hit benchmarks to get any of the good ones which they haven't ever been within sniffing distance of.  About all they've done in cleared out a bunch of lower middle class houses in Kenosha County and bailed Northwestern Mutual out of one of their half abandoned buildings.
 
2021-04-19 8:56:45 PM  
Sunk-cost fallacy returns, hand outstretched.
 
2021-04-19 8:57:02 PM  
Something something Obama something something birth certificate something something Solyndra.
 
2021-04-19 8:57:22 PM  
They are still giving tax incentives to billionaires.
 
2021-04-19 8:58:00 PM  
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2021-04-19 8:58:05 PM  
Can you imagine claiming an LCD factory in Wisconsin is the 8th wonder of the world, then being taken seriously by 70 million people for another 3 years?  Jeeezus
 
2021-04-19 8:58:48 PM  

thorpe: Wisconsin GOP to oppose this in 5, 4, 3, 2, 1,


They can go fark themselves.

Although they won't be eating it as hard as Pleasant Prarie, which can also go fark itself.
 
2021-04-19 8:59:37 PM  

puffy999: Why... THE HELL are you throwing a bone at these guys?

What good does it do? That ship has looong sailed.


Because the taxpayers have already paid for a majority of it.  If they throw them under bus completely taxpayers will be completely on the hook.

Scott walker should be strung up for this.  But if they bail now it will be painful for wisconsin.
 
2021-04-19 9:00:41 PM  
"2018, Foxconn said it planned to invest $100 million in engineering and innovation research at the University of Wisconsin-Madison. Since then, research center and off-campus location have not been established. Foxconn did sponsor a $700,000 research project at UW-Madison and university officials said in March that talks with Foxconn were ongoing. "

I'm no rocket surgeon, but that's pretty close... right.
 
2021-04-19 9:01:13 PM  

Man with the Red Eyes: Can you imagine claiming an LCD factory in Wisconsin is the 8th wonder of the world, then being taken seriously by 70 million people for another 3 years?  Jeeezus


It's democrats fault! They've totally sabotaged all of the things! It definitely wasn't that they never intended to build anything.
 
2021-04-19 9:01:52 PM  
Whatever Foxxcon says should be treated with suspicion.  If Foxxcon told me water was wet I would double check to be on the safe side.
 
2021-04-19 9:01:55 PM  
The folly here was the insistence that any facility would create finished goods ready to go directly into retail sales. Research and development will always pump more money into the communities where employees live than pure manufacturing, and it will also bring in additional employers who want to poach your talented R&D staff.
 
2021-04-19 9:04:59 PM  

bdub77: [s.yimg.com image 705x470]

[encrypted-tbn0.gstatic.com image 286x176]


y.yarn.coView Full Size
 
2021-04-19 9:06:19 PM  

Man with the Red Eyes: Can you imagine claiming an LCD factory in Wisconsin is the 8th wonder of the world, then being taken seriously by 70 million people for another 3 years?  Jeeezus


Well, that is about the same as telling 33,000 lies in 4 years, and having 70M people still vote for Pinocchio**. Or recalling Walker, and then reelecting him. Gullible hardly covers it.
 
2021-04-19 9:06:47 PM  
I'm sure the Chinese conglomerate with "Con" in their name will totally come through on their promises this time around.

Fark user imageView Full Size
 
2021-04-19 9:10:36 PM  

dkulprit: Because the taxpayers have already paid for a majority of it.


Of what? The land that the state should now (if it doesn't already) own free and clear after this fraud?

What's done is done. What does this future money bring, TANGIBLY? Because this seems like a perfect example of the gambler's fallacy. "Maybe a few more coins and FINALLY it pays off."

And yeah. Tax breaks aren't the same. But plenty of homes were torn up for this shiat. May as well let WORTHWILE investors use that land.
 
2021-04-19 9:10:47 PM  

bdub77: [s.yimg.com image 705x470]

[encrypted-tbn0.gstatic.com image 286x176]


That is the look of " F__kballs, I hit it too hard last night. So hungover. You can do this, man. Focus."
 
2021-04-19 9:11:53 PM  

nakmuay: [Fark user image image 580x430]


I'm so happy I had started forgetting about that goddamn defect.
 
2021-04-19 9:19:51 PM  

fragMasterFlash: The folly here was the insistence that any facility would create finished goods ready to go directly into retail sales. Research and development will always pump more money into the communities where employees live than pure manufacturing, and it will also bring in additional employers who want to poach your talented R&D staff.


R&D doesn't hire as many people.  Having both would be the best of both worlds.  And that was part of the an.
 
2021-04-19 9:53:43 PM  
Okay, you get $.10 in credit for every $1 of profit you generated totally in state. 0 outsourcing.
 
2021-04-19 10:03:47 PM  

puffy999: dkulprit: Because the taxpayers have already paid for a majority of it.

Of what? The land that the state should now (if it doesn't already) own free and clear after this fraud?

What's done is done. What does this future money bring, TANGIBLY? Because this seems like a perfect example of the gambler's fallacy. "Maybe a few more coins and FINALLY it pays off."

And yeah. Tax breaks aren't the same. But plenty of homes were torn up for this shiat. May as well let WORTHWILE investors use that land.


The state spent half a billion on land development, highway extension, and other things.  It is in a rather undeveloped area.  So unless they have a tech company that can step right in, throwing it all away is throwing away half a billion dollar in investment because nobody needs space like that in a remoteish area.  There is open warehousing manufacturing space in more populated areas that are better location for any company looking for space in Wisconsin.

So sure.  Throw away half a billion dollar or salvage what relationship you can and actually create jobs sometime in the future.
 
2021-04-19 10:30:25 PM  

dkulprit: puffy999: dkulprit: Because the taxpayers have already paid for a majority of it.

Of what? The land that the state should now (if it doesn't already) own free and clear after this fraud?

What's done is done. What does this future money bring, TANGIBLY? Because this seems like a perfect example of the gambler's fallacy. "Maybe a few more coins and FINALLY it pays off."

And yeah. Tax breaks aren't the same. But plenty of homes were torn up for this shiat. May as well let WORTHWILE investors use that land.

The state spent half a billion on land development, highway extension, and other things.  It is in a rather undeveloped area.  So unless they have a tech company that can step right in, throwing it all away is throwing away half a billion dollar in investment because nobody needs space like that in a remoteish area.  There is open warehousing manufacturing space in more populated areas that are better location for any company looking for space in Wisconsin.

So sure.  Throw away half a billion dollar or salvage what relationship you can and actually create jobs sometime in the future.


are you arguing with yourself?
 
2021-04-19 10:34:26 PM  

dylanthomas: I'm sure the Chinese conglomerate with "Con" in their name will totally come through on their promises this time around.

[Fark user image image 850x478]


you're not wrong, but you forgot to include Fox.
 
2021-04-19 10:52:52 PM  

LarryDan43: edmo: So many promised jobs that never happened. I'm not seeing it happening either, only talk of possibilities.

It was going to pay for itself in 25 years! Because we all know every tech manufacturer lasts way longer than that!


Safe bet with Foxconn.
 
2021-04-19 11:14:48 PM  

fragMasterFlash: The folly here was the insistence that any facility would create finished goods ready to go directly into retail sales. Research and development will always pump more money into the communities where employees live than pure manufacturing, and it will also bring in additional employers who want to poach your talented R&D staff.


You've never been to Racine have you?

Once upon a time your plan could have worked but these days, Racine and Kenosha are the poster children for what happens when you take an entire city's worth of union manufacturing jobs and replace them with temps. Not a place top R&D talent moves into anymore.

/ Horlick High graduate. Left fast. Cali now. Work in R&D. Not going back.
 
2021-04-19 11:17:19 PM  

puffy999: dkulprit: Because the taxpayers have already paid for a majority of it.

Of what? The land that the state should now (if it doesn't already) own free and clear after this fraud?

What's done is done. What does this future money bring, TANGIBLY? Because this seems like a perfect example of the gambler's fallacy. "Maybe a few more coins and FINALLY it pays off."

And yeah. Tax breaks aren't the same. But plenty of homes were torn up for this shiat. May as well let WORTHWILE investors use that land.


Roads and infrastructure. Already in place if only someone wanted to build a factory...

It might still be a gamblers fallacy, but they city and county level government HAS sunk a whole lot of costs in there.
 
2021-04-19 11:20:03 PM  

Drank_the_40_water: You've never been to Racine have you?

Once upon a time your plan could have worked but these days, Racine and Kenosha are the poster children for what happens when you take an entire city's worth of union manufacturing jobs and replace them with temps. Not a place top R&D talent moves into anymore.

/ Horlick High graduate. Left fast. Cali now. Work in R&D. Not going back.


Very true, if it weren't for the Johnson family Racine would be way worse off and about all that's in Kenosha is people from IL running from the taxes.
 
2021-04-19 11:55:56 PM  

Ken VeryBigLiar: Drank_the_40_water: You've never been to Racine have you?

Once upon a time your plan could have worked but these days, Racine and Kenosha are the poster children for what happens when you take an entire city's worth of union manufacturing jobs and replace them with temps. Not a place top R&D talent moves into anymore.

/ Horlick High graduate. Left fast. Cali now. Work in R&D. Not going back.

Very true, if it weren't for the Johnson family Racine would be way worse off and about all that's in Kenosha is people from IL running from the taxes.


JWax did do a fair bit as far as sticking with Racine for longer than most, and to an extent JI Case, but all the manufacturing that did stay stopped hiring employees decades ago, and is entirely contractors now (just a wee bit different, employees vs contractors). They did mostly keep the union guys that were already there and pay their pensions and whatnot, couple of my uncles were among the last of the actual employees and definitely did well with a blue collar job raising a family etc, with a decent retirement experience and whatnot. But everyone that came in after was a contractor. No bennies. No retirement, much less a pension. Etc.

If those companies had just abandoned Racine abruptly the way it happened in most of the rust belt, it would have been a lot worse. But they did abandon Racine, just slowly.
 
2021-04-20 12:03:07 AM  
281 job in 2019 huh. all those people whose houses got eminent domain'd must be livid.
well, even more livid.
 
2021-04-20 3:44:15 PM  
Sorry, Wisconsin. Half of you got screwed. The other half is too stupid to realize they got screwed.

You should really do something about that.
 
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