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.