Apple Supplier Foxconn Confirms Plans to Build TV Display Factory in Wisconsin

[Larry-K]

And the $3 billion dollar subsidy that will the Wisconsin tax payers will have to pick up.

That's a lot of cheese!

 

[MacGizmo]

This factory is for building TV displays, is it not? It's not like they're going to build iPhones, or any other tech widgets. And the amount of jobs these companies promise to bring is almost always 2-3 times more than they actually do. And the ones they do have are usually not high-paying jobs.

Any new jobs is great news, but Donald Duck Trump is making it sound like it was his biggly idea (which it isn't because they were talking about doing this as far back as two years ago), and it's going to be a big beautiful amazing thing bringing billions and billions and billions of dollars into the country.

The reality is they'll probably shut the plant down two years after it opens and move it to Mexico or back to China. I hope I'm wrong.

 

[Moi Ici]

Democrats hate jobs because it means less people on government welfare they can control the money to.

Idiotic comment

 

[Keane16]

—shows that even if we are unwilling to do it to scale of China, for pollution reasons, etc. , “specialized skills” alone weren’t what was holding it back from happening all together. Which is kinda all Tim Cook’s been talking about as the reason.

So it doesn't show anything new? Apple already has the Mac Pro factory in Texas which proves small scale can be done in the US:

"It was President Obama who, at the beginning of 2011, asked Steve Jobs what it would take to build iPhones in the United States. Why can't that work come home, the president asked. Steve Jobs' answer was unequivocal: "Those jobs aren't coming back." Nevertheless, in 2012 Tim Cook's Apple committed to investing over $100 million to kickstart US manufacturing. In 2013, Apple would launch the completely redesigned Mac Pro, which would be partially manufactured and then assembled in Austin, Texas though a partnership with Flextronics."

But even that product that sells in miniscule numbers compared to the iPhonones has it issues with worker skills:

"The decision caused production headaches though.

The Mac Pro's glossy exterior and chrome beveled edges meant Apple had to make its own manufacturing tools and then train people to run those machines in an assembly plant. This slowed production and constrained Apple's ability to make enough computers to meet demand.

Three years on, the Mac Pro is ripe for an upgrade with its chips and connector ports lagging rival products. Because of the earlier challenges, some Apple engineers have raised the possibility of moving production back to Asia, where it's cheaper and manufacturers have the required skills for ambitious products, according to a person familiar with those internal discussions.

This seems to validate Cook’s concerns about having enough skilled workers for modern manufacturing processes."

https://www.theverge.com/2016/12/21/14037030/apple-made-in-america-failure

 

[8281]

Global market/globalization intertwined and "globalists" (masquerading as people/groups pushing 'globalization,' most specifically Soros) are two entirely separate animals, do not conflate the two.

When people do, they often do not understand what being a globalist truly means. And ill save that rant for another day, if you don't know, you don't know. Its rather nuanced, but also one of those obvious things once you start tuning in. and sorry to be abstract, but maybe you'll care maybe you wont.

can't spoonfeed it all. if you care you'll find a way to research. if you don't you wont. free will is sweet. and google.com has its perks even though I'm not crazy about the company itself

--

..And I didn't wanna spend time obsessing over Apple being an American company, quite frankly.

it just came up, it was met with odd contention, and I re-iterated its not wrong when people state they are an American company for a series of reasons, and Apple is often referred to as that.

I'm uninterested in re-starting this one,

Ah, the old Soros conspiracy theory. Nice...I'm sure it's about as nuaced as one of Glenn Beck's rants.

 

[AppleFan360]

Idiotic comment

Truth hurts.

 

[sudo1996]

It's all over http://www.zerohedge.com/news/2017-07-26/foxconn-get-230000-incentives-every-wisconsin-job-created

What subsidies? The "incentive package" contemplated as part of the Foxconn deal will total $3 billion over 15 years, including $1.5 billion in state income tax credits for job creation; up to $1.35 billion in state income tax credits for capital investment and up to $150 million for the sales and use tax exemption. In other words, just over $230,000 for each new job that Foxconn may (or may not) create

http://host.madison.com/wsj/news/lo...cle_27455fff-a812-5cb8-8e4f-42064c944c82.html

State lawmakers will need to approve the state incentive package for Foxconn as part of the deal. A special legislative session will be called to pass the package, Walker’s office said, which will total $3 billion over 15 years.

The incentives include $1.5 billion in state income tax credits for job creation, up to $1.35 billion in state income tax credits for capital investment and up to $150 million for the sales and use tax exemption.


A contract between the state and Foxconn will include clawback provisions requiring the company to pay back the tax credits if “jobs and investment are not kept in Wisconsin,” according to Walker’s office.

The $3 billion figure does not include local government incentives. Walker’s office said tax incremental financing is another incentive expected to be part of the project.


This is a terrible amount of corporate wellfare for 13,000 jobs. Absolutely an awful waste of taxpayer money. I'd rather they spend $3bn on tax credits/incentives for clean energy like Solar/Wind.

It's a tax credit, not an investment. At worst, they pay zero tax and create jobs. This is still better than if they didn't build the factory there at all. At best, they exhaust the tax credits and start paying taxes. The government doesn't have to make any initial investment for this (which often would mean issuing costly bonds). It's not like they're putting taxpayer money into this, like the federal government does with Tesla.

I'm all against giving certain companies tax discounts because I consider it both a cause and effect of corruption among local politicians. I'm just saying that you're misrepresenting this deal as a cost to taxpayers.

 

[Jcknows0]

It's a tax credit, not an investment. At worst, they pay zero tax and create jobs. This is still better than if they didn't build the factory there at all. At best, they exhaust the tax credits and start paying taxes. The government doesn't have to make any initial investment for this (which often would mean issuing costly bonds). It's not like they're putting taxpayer money into this, like the federal government does with Tesla.

I'm all against giving certain companies tax discounts because I consider it both a cause and effect of corruption among local politicians. I'm just saying that you're misrepresenting this deal as a cost to taxpayers.

But not collecting taxes is a cost to taxpayers as they have to carry the brunt of the tax shortfall and the federal government fills in the cracks where possible (hence states like WI that are net benefitters see Paul Ryan's double speak on the subject and states like mine, NJ, which are net losers Hurricane Sandy aside)
It is quite ironic that the states that don't pull their weight want to cut taxes while the states that pay are usually more in favor of the current tax schema.
I'm all for tax reform, its about time the corporations and their minions pay their fairshare and stop using their lobbyists to convince you and your ilk that they are somehow suffering from this great burden upon them.
I doubt anything will change because so many people seem intent on living in a corporate state (Musoliini's phrase for fascism)
[doublepost=1502372789][/doublepost]

Ah, the old Soros conspiracy theory. Nice...I'm sure it's about as nuaced as one of Glenn Beck's rants.

It is quite amazing the people that want the free market to solve all of our problems are also now nationalists and protectionist thanks to our fearless leader. How does the head not explode?
[doublepost=1502375048][/doublepost]

Automation of industry has been going on for probably 250 years so this is nothing new. It just looks different each generation. About agriculture, the percent of the US workforce directly involved has gone from over 50% to under 2%. Now we're going to be concerned with the effects of automation?

Never underestimate the efforts by some to romanticize the past or the future.

 

[A MacBook lover]

I think you may have watched too many Star Trek episodes. This delusional line of thought is common nowadays in Sillycon Valley where many true believers see robotics and mythical "AI" as rapidly changing the world at the expense of human labor and human interactions.

Another Terry Gou quote: "You can't learn to swim by reading a book" -- think about that in the context of that robotic future you boldly predict...

While his prediction is off, so is your quote. AI doesn’t learn to swim from a set of instructions. The way AI works (now) is by failing to swim 100 times, and making corrections after each failure until it eventually reaches success. This is much like how a human learns, trial and error.

 

[Zombie Acorn]

Go Trump

 

[RootBeerMan]

Walker and the people of Wisconsin are running away from the Foxconn "deal". Looks like people are finally realising it is a $4.1 BILLION boondoggle. Politicians are really bad at economics and business. Why people continue to believe in them is baffling.

https://www.theverge.com/2018/10/29...plant-jobs-deal-subsidy-governor-scott-walker

t was a veritable lovefest in Milwaukee in July 2017 when Gov. Scott Walker (R-WI) and Foxconn chairman Terry Gou announced their plan to create a heavily subsidized manufacturing plant in southeastern Wisconsin. Walker gushed that Gou, who founded his Taiwan-based company in 1974, was “one of the most remarkable business leaders in the world.” Gou returned the favor by saying, “I’ve never seen this type of governor or leader yet in this world.” Effusive, yet ambiguous.

The details of the deal were famously written on the back of a napkin when Gou and the Republican governor first met: a $3 billion state subsidy in return for Foxconn’s $10 billion investment in a Generation 10.5 LCD manufacturing plant that would create 13,000 jobs.

 

[Rogifan]

Wow what a mess. And I remember when the National Enquirer published this: