>> THE COMPANY THAT MANUFACTURES APPLE PRODUCTS IS ACTUALLY
PLANNING ON BUILDING A FACTORY HERE IN THE UNITED STATES.
FOX
KHAN HAS AGREED TO BUILD A FACTORY.
IT WILL CREATE NEW JOBS
IN THE STATE.
BUT THERE IS A SIGNIFICANT DOWNSIDE THAT IS NOT
BEING COVERED MUCH.
THANKFULLY WE HAVE OUR VERY OWN DAVID
SIROTA REPORTING ON THIS.
THE DETAILS OF WHAT COULD
POTENTIALLY HAPPEN TO THE ENVIRONMENT AND THE WATERWAYS IN
WISCONSIN SHOULD BE DISCUSSED.
THERE
ARE ENVIRONMENTAL
PROTECTION LAWS IN THE STATE.
SINCE THEY WANT THE FACTORY TO
EXIST IN THEIR STATE THEY WANT TO ENSURE THAT IT WOULD NOT
BE EXEMPT FROM THE ENVIRONMENTAL LAWS.
TO BE COMPLETELY CLEAR
THERE IS THE UPSIDE OF NEW JOBS BEING CREATED IN THE STATE, BUT
ALSO THE DOWNSIDE OF $3 BILLION IN TAXPAYER MONEY GOING TO
SUBSIDIZE THIS COMPANY AND THE POTENTIAL ENVIRONMENTAL
DOWNSIDES.
>> FIRST OF ALL HE WROTE THIS FOR IB TIMES, WE WILL HAVE THE
LINK IN THE DESCRIPTION BOX.
SECONDLY HE DID A VIDEO ABOUT
THIS ON TYT POLITICS.
ON THE SUBSTANCE OF THE STORY ñ I WILL
TELL YOU WHY I AM AGAINST THIS IDEA.
I JUST WANT TO DOUBLE
DOWN.
I GET THE GOVERNMENTS MOTIVATION TO WANT TO BRING JOBS
TO THE UNITED STATES.
THEY WILL DO IT SOMETIMES ACTUALLY FOR THE
JOB, WHEN THEY JUST WANT TO GET FAVORS TO THE CORPORATIONS.
THREE BILLION-DOLLAR SUBSIDIES IS NO JOKE.
IF YOU DO THAT
CALCULATION IT MIGHT TURN OUT POSITIVELY, BUT THINK ABOUT THE
SECOND COMPONENT.
WHY WOULD YOU NEED AN EXEMPTION IF YOU ARE NOT PLANNING TO
POLLUTING THE RIVERS?
>>EXACTLY.
FOX KHAN HAS NOT HAD A GOOD HISTORY IN CHINA WITH
SOME OF THE ENVIRONMENTAL RAMIFICATIONS OF THEIR COMPANY.
JUST TO GIVE YOU AN IDEA BECAUSE OF THE WAY THEY POLLUTED IN THE
WATERWAYS THERE WERE COMPLAINTS ABOUT BLACK AND GREEN WATER WITH
A CHEMICAL SMELL.
IF YOU ARE PUTTING HAZARDOUS WASTE AND
MATERIAL IN THE WATERWAYS, THEY WILL BE POLLUTED WITH HAZARDOUS
WASTE.
ALSO THE SOIL WAS POLLUTED WITH HEAVY METALS.
REMEMBER THIS IS A COMPANY MAKING PRODUCTS FOR TECHNOLOGY.
SO I WANT THE JOBS, I THINK THEY
ARE IMPORTANT.
BUT I THINK IT
SETS A BAD PRECEDENT WHEN YOU TELL CORPORATIONS OR COMPANIES
WE WILL JUST GIVE YOU A TON OF MONEY TO CREATE JOBS IN OUR
STATE OR COUNTRY.
>>IT'S A RACE TO THE BOTTOM.
WE HAVE 50 STATES SO SOMETIMES
FOREIGN CORPORATIONS COME IN AND SAY WHICH STATE WILL DO ME THE
MOST FAVORS IN THE FORM OF SUBSIDIES OR TO BE ABLE TO PAY
LOW WAGES.
A LOT OF THE SOUTHERN STATES SAY DON'T WORRY ABOUT
UNION RULES, WE WON'T HAVE TOO MANY PROTECTIONS FOR OUR WORKERS
AND YOU CAN PAY THEM A LOWER WAGE.
WHY IS IT BECOMING A RACE
TO THE BOTTOM?
IF YOU SAY TO A CORPORATION YOU ARE ALLOWED TO
DO IT BUT CROSS YOUR FINGERS THAT YOU DON'T, YOU ARE
BASICALLY SAYING OF COURSE DO IT.
I AM WORRIED THIS WINDS UP
BEING A NEGATIVE FOR THE STATE OF WISCONSIN.
IT'S IMPORTANT FOR
SIROTA TO POINT OUT ALL OF THE RAMIFICATIONS.