Hooray for Scott Walker!

Yet another new benefit from the Foxconn deal!

Foxconn Technology Group on Tuesday announced plans to open an innovation center in Downtown Racine, where the company plans to work with community partners to develop and implement “smart city” innovations.

Standing between the three-story building and the river, Foxconn and its government partners announced the coming Foxconn Place Racine and Wisconn Valley Innovation Center at 1 Main St.

The 46,000-square-foot building is planned to house at least 125 Foxconn employees, Alan Yeung, Foxconn’s director of U.S. strategic initiatives, told an audience of between 100 and 200 people who gathered for the announcement.

“This building will encompass a state-of-the-art co-working space but also become a model for smart city pilot programs that will take advantage of and leverage all of the technologies Foxconn will build and enable in Wisconsin,” Yeung said.

Yeung said Foxconn believes that its technologies will “catalyze and inspire next-generation ideas in enhancing quality of life, living spaces and working environments. We invite the community, through public-private partnerships, to join and partner with Foxconn to strengthen public safety, public infrastructure, transportation networks and energy sustainability.”​

M. Burke, Downtown Racine Foxconn innovation center announced, Racine Journal Times (Oct. 2, 2018).
 
More bad news for lying, racist dawn.

But the deal will cost the state a lot more than it will be worth. First, there is the outrageous cost: $3 billion in state tax credits, $1.5 billion of which is tied to the number of jobs paying above $30,000 a year created and maintained through 2032. Walker and the Republican legislature, however, have already cut the tax rate to almost zero for manufacturers in Wisconsin,
so almost all of the “credit” will be direct payments to Foxconn—a giant subsidy that taxpayers will take on for the next decade and a half.
Meanwhile, the governor and the legislature cut more than $2 billion from public education during his first five years in office.

Hmm racist dawn, is that freedom? Giving away taxpayer money to a giant corporation that's going to pollute their land and give them low pay? Well, racist dawn? Is that how capitalism works? Stealing from tax payers to give money to a giant corporation? Is that freedom?

Come on racist dawn, we're waiting.

It gets worse: the task of negotiating the details went to the Wisconsin Economic Development Corporation (WEDC), which is basically a black box of cronyism and wasted money. To get the credits, Foxconn’s jobs must average about $54,000 a year. Walker and WEDC initially wanted the ceiling for computing the mean salary to be $100,000. Under pressure to get the deal done, however, they relented to Foxconn’s demands, raising the ceiling to $400,000. Thus, for every employee making the latter figure, the company could hire another fifteen making $30,000 a year and still max out the payments.

Looks like Walker and racist dawn got tricked into paying wealthly people more tax payer money and screwing the working class. Exactly the kind of move racist dawn and her hero the Orange Nazi would support.
 
attachment.php
 

Attachments

  • 00Wis01a.jpg
    00Wis01a.jpg
    97.1 KB · Views: 0
Racist dawn are you listening?


Wow! Desperate much?

I originally agreed with her that your angry rants were simple misogyny, that you could not stand that a woman continually out-argued you in these forums. Now I see its more about a frustrated need.

You obviously have the hots for her!

It's rather sad, really. She's married, you know. Perhaps that just makes you all the more angry.
 

Wow! Desperate much?

I originally agreed with her that your angry rants were simple misogyny, that you could not stand that a woman continually out-argued you in these forums. Now I see its more about a frustrated need.

You obviously have the hots for her!

It's rather sad, really. She's married, you know. Perhaps that just makes you all the more angry.

Thanks, Dear, but you need not bother. I figured this out a while ago and just ignored it. He's like the naughty little boy in kindergarten who, unable to express his feelings, pulls the hair of the girl he has a crush on just to get her attention.

Meanwhile, more Walker success:

Act 10, the landmark collective bargaining reforms passed in 2011, remains one of the most important and consequential pieces of state legislation in America. While the protests and the recall elections may have faded, the impact of the law, particularly on education in the Badger State, remains an intense interest. Since 2011, studies of Act 10 have revealed how teacher retirements actually benefitted students, how the new teacher marketplace is rewarding the state’s best teachers, and how class sizes didn’t grow. This occurred all while taxpayers saved $5 billion....

Last week, WILL found that Act 10 had a positive impact on test scores and no impact on Wisconsin’s already high graduation rates. This adds an important piece to an already impressive body of evidence showing the law has been not only positive for Wisconsin’s taxpayers, but revolutionary in K-12 education.​

C. Sholty, WILL Study Adds to Growing List of Academic Studies Showing Positive Impact of Collective Bargaining Reform, Wisconsin Institute for Law & Liberty (Oct. 8, 2018).
 

Premiums will drop on average statewide next year for health plans sold on the marketplaces set up through the Affordable Care Act.

The decreases stem largely from Gov. Scott Walker’s program to help offset high medical claims and from health insurers having a better sense of how to price their health plans....

The drop in premiums will help people who buy health insurance on their own and who are not eligible for federal subsidies to help offset the cost.​

G. Boulton & P. Marley, Average costs of health plans sold on ACA marketplaces will drop next year in Wisconsin, Milwaukee Journal Sentinel (Oct. 11, 2018).
 
Premiums will drop on average statewide next year for health plans sold on the marketplaces set up through the Affordable Care Act.

You hate the ACA racist dawn. Not just because a black man was president and pushed it through Congress but because it's a form of socialism.

"Rates statewide will drop by a weighted average of 4.2 percent next year"

In the blue state of New Jersey rates are dropping by more than double. "As a result, the cost of coverage is expected to decline by close to 9.3 percent."

Another shitty start to the week for racist dawn.
 
Wisconsin is leading the U.S. when it comes to wage increase! The Badger state is seeing wages increase by an average 3.6 percent. And in the first five month of this year alone, wages increased 5.7 percent… that’s according to the Bureau of Labor Statistics....

Mining, construction and manufacturing have seen the best job growth since 1984, with a 3.3 percent job increase since last year. In America, 656,000 blue-collar jobs were added since 2017. But, Wisconsin beat that! 8,000 manufacturing jobs were added in Wisconsin last year alone.​

Wage growth in Wisconsin is outpacing the U.S., Paycheckology (2018) (citing A. Thomas, Wage growth in Wisconsin outpacing U.S., BizTimes (Jul. 25, 2018)).
 
Last edited:
The United States Department of Labor's Bureau of Labor Statistics (BLS) today released state-by-state employment and unemployment rankings that show Wisconsin added statistically significant 22,800 manufacturing jobs between September 2017 and September 2018, second highest in the nation. Wisconsin trailed only Texas in the number of manufacturing jobs added....

Highlights of today's state-by-state rankings include:
• Wisconsin's addition of 22,800 manufacturing jobs from September 2017 to September 2018 ranked 2nd nationally and No. 1 in the Midwest.
• Wisconsin's labor force participation rate of 68.6 percent was the 7th best rate in the country.
• Wisconsin's historically low unemployment rate of 3 percent in September was tied for 10th lowest rate in the nation. The state's unemployment rate has been at or below 3 percent for eight consecutive months for the first time in history.
• Wisconsin ranks 15th nationally and 2nd in the Midwest in number of construction jobs added in the past year.​

S. Staudinger, Wisconsin ranks 2nd nationally in manufacturing jobs added over past year, new data shows, WDJT (Oct. 19, 2018).
 

I'm reposting this because racist dawn refuses to address it.

Or this

Wisconsin won’t break even on Foxconn plant deal for over two decades

Or this

But Wisconsin won’t get any of that money back until 2042, only breaking even then—according to a report released by the state’s Legislative Fiscal Bureau last August—if Foxconn gives all 13,000 jobs to Wisconsin residents. Thus far, the company has only committed to 3,000.

Well racist dawn? What do you say?
 
Back
Top