The Market Ticker - Oh, That So-Called 'Deal'?
Of course it was a “great deal” for America, and much fanfare greeted both Wisconsin Governor Walker and Donald Trump when Foxconn announced it was going to build a plant in Wisconsin.
Little-noticed (but reported on by myself) were two problems I initially identified — first, the incentive package given (basically, you pay our taxes — “you” being other Wisconsin residents and businesses) and second, the diversion of water through a swath of game-playing that one can easily argue violates long-standing rules on water allocation out of the great lakes.
But a bigger problem has now emerged — it appears that Foxconn got Wisconsin and US Taxpayers have given away a huge amount of money in the form of those incentives while not guaranteeing that the workers hired will be Americans.
Source: https://www.market-ticker.org/akcs-www?post=234495
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