“We already knew that the FoxConn deal represented the largest taxpayer giveaway by a state to a foreign corporation in our country’s history. And we knew that due to the Man and Ag tax credit, FoxConn is already not paying any taxes, therefore making these new tax credits cash payments.
What this memo details is a bad deal is getting worse.
Since the FoxConn deal was announced, the pattern has been predictable:
FoxConn asks Governor Walker to jump, he asks ‘how high?’ Whether the request is to lower environmental regulations or raid $134 million from the state high rehabilitation fund to pay for local roads supporting
FoxConn, the Walker Administration has given blanket approval.”
Governor Walker’s track record on large-scale job creation and economic development projects shows one failure after another.
Each of his failed economic development plans also happen to coincide with upcoming election cycles.
- Kestrel received $25 million in tax incentives to create over 600 jobs in Superior. Few jobs were created and the Superior community is left holding the bag on loan repayments.
- The Governor tried hard give Gogebic Taconite the kitchen sink to bring mining jobs back to Wisconsin. They left in 2015. No jobs were created. And the miner on our flag remains a symbol of our past.
- During his first campaign, he said over and over that he was going to create 250,000 jobs in four years, a number he still hasn’t achieved in over seven years.
“Governor Walker is in an election year. He will say and do anything to get re-elected, even if it means selling Wisconsin’s future for the FoxConn deal. Despite the Governor’s political motives, every Wisconsin family deserves to know how much higher the price tag of FoxConn will go.”
https://concernedracinecountyresidentsjustsaynotofoxconn.wordpress.com/2018/01/20/foxconn-costs-escalate-to-4-5-billion-while-wisconsin-residents-say-no-to-republican-sponsored-corporate-welfare-and-hand-governor-walker-a-stunning-defeat/
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SCAM - O - RAMA is always in play at Racine County and the Fascist State of WI.
It is little understood by the general public how Public/Private Partnerships are actually used, not as a way to diminish the size of government, but in fact, to increase government’s power. In truth, many PPPs are nothing more than government-sanctioned monopolies. These privileged few businesses are granted special favors like tax breaks, free use of eminent domain, non-compete clauses in government contracts, and specific guarantees of return on their investments. That means the companies, in partnership with the government, can fix their prices, charging beyond what the market demands. They can use their relationship with government to put competition out of business. This is not free enterprise, nor is it government controlled by the people.
A private developer, which has entered into a Public/Private Partnership with government, for example, can now obtain the power of eminent domain to build on land not open to its competitors. The fact is governments in partnership with private developers simply considers all property to be their common domain, to be used as they desire under the excuse of some undefined common good. For example a lower middle class neighborhood with a hundred small homes on quarter acre lots can be torn down and replaced with an upscale high-rise development. This gives builders, developers and the real estate industry new products to market. The new building will also generate more tax dollars for the community, thereby benefiting the “common good.” All will seem to benefit with the exception of the original property owners who were pushed out and displaced – all for the common good. That’s how PPP’s are sold as a positive for the community. But other citizens are losers too as voters lose control of their government.
https://americanpolicy.org/2017/01/31/publicprivate-partnerships-government-sanctioned-monopolies/
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