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Saturday, July 29, 2017

FOXConn - Is It A Financial Con ? What does LFB say - Legislative Fiscal Bureau


I don't know what the LFB says but a simple analysis says:


  • What's the annual payroll going to be?  My guess $90M for 3000 jobs ... these are only going to be well paying for a few ... even $30000 a year is probably as an average pay ... kind of high.  After all this is to be a manufacturing facility ... mostly robots?
  • An economic multiplier of 3 would boost indirect economic benefit to $270M.
Waving all kinds of safeguards shifts external costs to those proverbial "grandchildren". What will cleanup or even current hazards cost.

The fact that this has to be "fast-tracked" in the legislature means the deal is really not done.  So let's change it and really analyze costs short and long and see how the "grandchildren" are really going to do!  Is the LFB going to really be able to do their job.

BTW - How does Walker and this help the imbalance faced by rural counties?  Last time I checked Kenosha-Racine counties were semi-urban



8/1/2017

No surprise- LFB indicates Fox-con could surpass $3 Billion
Gee, with all of the environmental damage and the massive write-offs and costs that your property taxes will make up the difference for, wouldn’t it be swell to live in the communities around this development over the next few years? UGH!

Can you believe the Ernst & Young study? 

I'm a little skeptical ... this might better be called a"Public Relations" promo piece.  You would think FOXCONN would know their "own facts" ... why does Ernst & Young have to tell them to all of us, including FOXCONN.  It still does not include what is being promised to them and what "skin" they have in the game!

By the numbers: Economic impact study of Wisconsin's Foxconn deal


"The Politics of Resentment" = Scott Walker's political rise == rural resentment against the "liberal elite"


In a real hurry! 8/1/2017




#Walker #Vos WI 1848 Forward: #FOXConn - Is It A Financial Con ? What does #LFB say - Legislative Fiscal Bureau

#Walker #Vos WI 1848 Forward: #FOXConn - Is It A Financial Con ? Do they have any skin in the game?

#Walker #Vos WI 1848 Forward: #FOXConn - Is It A Financial Con ? What does #LFB say : Timeline update video

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