DC_Vol
Bush league poster
- Joined
- Sep 13, 2008
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I don’t care. That’s also Amazon’s rosy projection. Stealing from me the taxpayer to pay a company to hire another taxpayer so they can pay taxes is the definition of cronyism. It’s also the govt picking winners and losers. And this could happen.
“Massive taxpayer subsidies and a contract that blocks refunds
Electrolux didn't just get tax breaks, it got huge cash grants to bring the 750,000-square-foot plant to Memphis, where it opened in 2012. Taxpayers paid more for the new factory than the company did, even reimbursing the company for purchases of conveyor belts and other equipment.
Hale said the company received $137 million in incentives to bring its $195 million plant to Memphis. According to a construction agreement from 2011, the government's $137 million was for up-front costs alone, while the company would pay about $60 million.”
Electrolux to close Memphis facility, 530 people to lose their jobs by 2020
You missed the joke about the high NYC tax rates.
I agree with you. See HERE.