Hachiroku ãƒ�ãƒ�ãƒ*ク wrote:
> On Sat, 13 Dec 2008 17:59:34 -0500, Tim wrote:
>
>
>>Hachiroku ãƒ�ãƒ�ãƒ*ク wrote:
>>
>>>On Fri, 12 Dec 2008 16:10:18 -0500, Tim wrote:
>>>
>>>
>>>>I don't think this is a loan, is it? It is giving Toyota the money to
>>>>pay these workers wages for 7 or 8 years, from the taxpayer and workers
>>>>themselves. This is what has to stop.
>>>
>>>
>>>It's called getting the manufacturer into your area. See, they aren't
>>>dumb. They know that 4,000 underemployed people put more of a drain on the
>>>system than giving the manufacturer a tax break. it works well because
>>>instead of having 4,000 people making minimum wage, paying taxes at the
>>>minimum wage rate, and often asking for assistance such as fuel assistance
>>>or Food Stamps, you now have 4,000 people paying IN taxes at a higher rate.
>>>While they may not be making as much as if they had 4,000 people paying
>>>higher taxes AND a corporation paying taxes, they are still coming out
>>>ahead.
>>>
>>>This is where 'trickle-down' works. Now you have 4,000 people with REAL
>>>wages and more disposable income, so more people are going to open shops
>>>in the area, and again the 'lost' taxes are more than compensated.
>>>
>>>So, they didn't really give anything away. They're probably laughing their
>>>asses off at Detroit.
>>
>>So you pay $250,000.00 per job? So you use taxes to pay the wages from
>>which taxes are then deducted.
>>You must be an economist.
>
>
>
> They aren't 'paying' anything. They have given Toyota tax breaks for
> moving the factory into the town.
>
> In the long run, it makes economic sense. Like I said, 4-6,000 people
> *working* is a lot better than 4-6,000 people NOT working, or making
> minimum wage.
>
> The tax incentive will run out, and then the factory will be paying taxes.
>
> The town is coming out ahead.


Yeah, just setting up a race to the bottom.

Ask Indianapolis how their big maintenance hangar deal worked out.