"Tim" > wrote in message
...
>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.
>
> http://www.leadercall.com/opinion/lo...ces_printstory
>
> The strange thing is we will never know whether the huge subsidy of the
> Tupelo Toyota plant is good or bad for Mississippi.
> We know the direct subsidy is $350 million right off the bat. That’s the
> amount Mississippi will borrow to aid the Toyota plant. State officials
> have yet to disclose the amount of future tax breaks. If the Nissan plant
> is a guide, the total subsidy will be about a half billion dollars.
> That’s a big chunk of change for 2,000 guaranteed jobs. State officials
> are already hinting the final job number may be close to 4,000 but that’s
> wishful thinking. Since auto companies have been able to effectively sell
> jobs, it’s doubtful they will deliver any more than their contractual
> obligation.
> So let’s look at the math: a half billion divided by 2,000. That comes to
> a whopping $250,000 per job....


Hopefully you'll stay focused on this concept. It goes on constantly with
lots of businesses, including Wal Mart and others you're highly aware of.