DONALD TRUMP AND PAUL RYAN HAVE BEEN VOCAL SUPPORTERS OF THE
IDEA OF BUILDING A FOXCONN PLANT IN THE STATE OF WISCONSIN IN
ORDER TO BOLSTER JOBS AND REALLY GET THE STATE ECONOMY GOING.
IT
IS GOING TO BE A GREAT SUCCESS, OR IT WON'T BECAUSE RECENTLY,
NONPARTISAN BUDGET ANALYSIS AT THE CAPITAL SAID THAT THIS
IS NOT GOING TO BE THE CASE.
IN FACT, THEY'RE NOT EVEN GOING TO BREAK EVEN.
THE PLANT WILL COST $10 BILLION AND HAVE 13,000
EMPLOYEES SO WISCONSIN WILL NOT BREAK EVEN ON THIS
INVESTMENT OF THEIR MAKING UNTIL 2043 AT THE EARLIEST.
IF ONLY 10% OF THE 13,000
WORKERS ARE FROM OUT OF STATE, IT WILL PUSH IT BACK TO MY
YEARS TO 2045 AT THE EARLIEST PROJECTION.
THESE PROJECTIONS ARE SPECULATIVE BECAUSE IT IS HARD
TO KNOW WHAT THE MARKET WILL BE, WHERE FOX KONSTANTIN WILL
BE IN THE FUTURE EVEN THE VERY NEAR FUTURE BUT IT DOES LOOK
LIKE, ACCORDING TO THIS ANALYSIS WILL NOT BE AS PROFITABLE AS
THE GOVERNOR AND THE PRESIDENT AND THE SPEAKER HAVE SAID.
PART OF THE REASON WHY IT MIGHT NOT BE AS PROFITABLE AS
IT IS BEING PORTRAYED BY THOSE ON THE RIGHT IS BECAUSE THIS
MULTINATIONAL CORPORATION IS GETTING A TON OF TAX BENEFITS.
THEY ARE GETTING ABOUT $3 BILLION IN TAXPAYER MONEY JUST
TO OPEN THIS PLAN WISCONSIN AND SO, WE'RE GOING TO PAY YOU
WITHOUT TAXPAYER MONEY TO COME AND BUILD JOBS IN OUR STATE
WHICH SOUNDS LIKE OKAY, IF THAT'S WHAT IT TAKES TO BUILD
COMPANIES IN THE STATES AND CREATE MORE JOBS AWESOME EXCEPT
WHEN YOU DO AN ANALYSIS, YOU FIND OUT FOR A LIVING WINTER
BREAK EVEN UNTIL 2045
POSSIBLY AND SO THERE ARE PEOPLE LIVING IN WISCONSIN RIGHT
NOW THEY'RE LOOKING AT THESE NUMBERS HAD THEIR
QUESTIONING WHETHER OR NOT THIS IS EVEN A GOOD IDEA ESPECIALLY
BECAUSE IT IS NOT JUST THE FINANCIAL COMPONENT OF IT.
THERE ARE ALSO SOME CONCESSIONS THAT LAWMAKERS IN WISCONSIN
HAVE MADE IN REGARD TO ENVIRONMENTAL REGULATIONS.
THEY WOULD HAVE TO TAKE UP THE SAME PERMITS OTHER
FACTORIES OR COMPANIES HAVE HAD TO TAKE ON THE PAST.
I THINK IT IS IMPORTANT TO DO AN ANALYSIS.
THINK IT'S ALSO IMPORTANT TO BRING JOBS INTO THE COUNTRY
BUT WE HAVE TO DO WITH THE SMART WAY AND IF WE SET THIS
PRECEDENT WHERE WE PAY THESE MASSIVE CORPORATIONS TO BRING
JOBS HERE THAN EVER CORPORATION IS GOING TO WANT THE SAME THING.
IT IS ALSO A TAIWANESE CORPORATION THAT'S UN-AMERICAN.
YOU MAY ALSO REMEMBER FOLKS CAN'T AND THE CONTROVERSIES
IN THE PAST THEY'VE HAD WITH THE FACTORY WORKERS SOME
LITERATURE ON WISCONSIN'S PAYMENTS TO FOXCONN IN
ORDER TO MAKE THIS HAPPEN.
I WOULD ONLY BE TOO MANY DOLLARS IN THE COMING FUTURE BUT
THEN IT WILL BALLOON BY 700S OF MILLIONS AFTER THAT.
AFTER SEEING THE NUMBERS, REPRESENTATIVE DAVID CROWLEY
SAID -
LIMIT GIVE MORE CONTEXT.
THERE'S NOTHING THAT SAYS THAT THE PLANTS CAN'T LEAVE SO
THEY CAN TAKE ALL OF THE TAX ADVANTAGES AND THEN GO SEE
YOU, WOULDN'T WANT TO BE YOU I SAY THIS POINT ABOUT THE
ENVIRONMENTAL REGULATION, BUT YOU NEED TO MAKE EXCEPTIONS
FOR POLLUTING THE RIVERS FOR FOXCONN UNLESS THEY ARE
PLANNING TO POLLUTE THE RIVERS.
THAT IS WORRISOME.
WILL QUIT, I DO WANT TO JUMP IN ON THAT BECAUSE WE DID AN
ORIGINAL STORY ON THAT DID THE ORIGINAL STORY ON THAT AND THEN
I LOOKED INTO THE WORDING OF THE ACTUAL PROPOSAL AND IT
ESSENTIALLY INDICATES THAT THEY WOULDN'T HAVE TO TAKE THE
PERMITS OTHER CORPORATIONS HAVE TO TAKE OUT WHEN IT COMES
TO DISPOSING MUD, DRUDGE, AND IT IS RIVERS.
HOWEVER, THE BIG ISSUE IN MY OPINION IS THE FACT THAT
THEY WILL ALSO BE ABLE TO CONNECT THE MAN-MADE BODIES
OF WATER TO NATURAL BODIES OF WATER WITHOUT GETTING A
PERMIT SO THERE'S A REASON WHY THOSE REGULATIONS ARE IN
PLACE AND THE FACT THAT THEY'RE GOING TO BE ABLE TO DO THIS
WITHOUT GETTING THE NECESSARY PERMITS CONCERNS ME.
THERE IS AN INTERESTING PIECE FOR THAT YOU SHOULD CHECK OUT,
BUT THE OVERALL IDEAS WHEN THE POLICY THE MOST.
COMPANIES WHEN FIRST AND FOREMOST TO SELL THEY GET THE
EXEMPTIONS ON THE REGULATIONS ON THEIR DRUDGE AND ALL THAT.
BIG GIANT TAX BREAKS.
YES, THEY HAD SOME PEOPLE BUT THOSE PEOPLE, LOOK AT THE
BENEFITS OF THAT ALL THE WAY UNTIL 2043, AT LEAST THE TAX
BENEFITS OF IT SO IT IS NOT JUST REPUBLICAN 101
WHICH A CERTAINLY AREAS BUT IT IS ONLY 101.
MAKE SURE YOU TAKE CARE OF OPERATIONS FOR US AND HOPE IT
TRICKLES DOWN TO YOU.
WHEN PEOPLE LOOK AT THIS AND GO I AM NOT SURE IT IS THE
RIGHT IDEA TO JUST TRUST CORPORATIONS.
YOU SEE WHAT I'M SAYING?
WE MAKE THIS DEAL WHERE THEY GET ALL THE GOODIES FIRST, BUT
THE CORPORATION HAS NO LOYALTY TO AMERICA OR TAIWAN OR
ANYTHING ELSE THAT ALL THEY WANT TO DO IS MAXIMIZE PROFIT SO
THE MINUTE THAT DEAL TURNS DISADVANTAGEOUS TO THEM,
IRONY HAVE YOUR MONEY AND THEY ARE GOING TO GO.
BASICALLY, THE STATE OF WISCONSIN WILL HAVE TO
CONTINUE PAYING THEM IN TAXPAYER MONEY YEAR AFTER YEAR TO
SEE THE FACTORY THAT NOW SOME RESIDENTS IN THE STATE OF
REALIZING MAYBE THAT IS MESSAGE A GOOD IDEA.
THESE PROJECTIONS ARE ONLY BASED ON IF THEY FOLLOW IT
EXACTLY AND EVEN THEN, THAT IS 25
YEARS AND THAT THAT IS RIDICULOUS IT.
JUST LIKE THIS IS BEST CASE SCENARIO.
IT WON'T BE OR WOULDN'T BE THE SCENARIO THAT WOULD PLAY OUT.
THAT'S A GREAT POINT BY KIM.
THIS IS A BEST CASE SCENARIO.
MEASURE THINGS DON'T WORK OUT.
WELL, WE ALL WANT JOB STYLE SEDONA RACE TO THE BOTTOM WHERE
EVERY STATE SAYS I WILL GIVE YOU 4 BILLION TAX BREAK AND THEN
THEY WON'T PAY OUT FOR MISSISSIPPI UNTIL 2065 SO THERE
HAS TO BE A SMART WAY TO KEEP JOBS AND ADD JOBS WITHOUT
GETTING HUGE TAX GIVEAWAYS TO THESE FOLKS AND WHAT ARE
REPUBLICANS ALWAYS COMPLAIN ABOUT?
THAT IS MY MONEY.
THEY ARE TAKING YOUR MONEY AND GIVING IT TO THIS GIANT
FOREIGN CORPORATION IN THE HOPES THAT THEY STICK AROUND LONG
ENOUGH FOR THOSE JOBS TO BE MEANINGFUL.
I'M SURE THAT IS A GOOD BARGAIN.