Governor Walker's Foxconn giveaway
Republican Wisconsin Governor Scott Walker, the governor elected by the Koch Bros who decimated unions and underfunded education, now wants to abandon real conservative principles and give Foxconn $3 billion taxpayer dollars to open a large plant in Wisconsin to make components for Apple phones.
Yes, the same phones that are assembled in China while the profits are shielded from U.S. taxes in Ireland by a process called tax "aversion," thus avoiding billions in U.S. taxes. So, I guess it's OK to be a hypocrite and embrace Socialism for giant corporations as long as you can lure business to your state using taxpayer funds.
Ah, but you say it creates thousands of jobs. And, it does create 12,000 to 18,000 jobs. Do you think that the people Foxconn hires will ever offset the $3 billion? No way. And when the plant ages, do you think Foxconn will want another handout from Governor Walker? You bet.
Do you think they will move to another state if the governor doesn't give them more concessions? Of course. And, what happens when the state needs more money? Do you think Foxconn will donate some of their profit? Think again.
Socialism for business and the rich - capitalism for us!
Oh, and as an extra benefit for Foxconn, Governor Walker is eliminating a few environmental regulations; another Republican that doesn't believe in climate change.
He reminds me of our president.
Tom Minnerick
Elgin