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Thread: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

  1. #21
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by donsutherland1 View Post
    I don't know enough about the deal to say much about it. But from the reported cost ($102 million) and number of employees who would be retained in New Jersey (1,000) and the term of the lease (15 years), the cost comes out to $6,800 per employee. For an individual to pay $6,800 in state income taxes, an individual would need to earn more than $100,000 per year. It is highly unlikely that the average taxable income of the 1,000 employees comes to $100,000. Of course, even higher taxable incomes would be required when an individual has deductions e.g., for property taxes. Hence, I have some potential reservations about the cost-effectiveness of the move. If data on total taxes paid to NJ by Panasonic (company and employees and NJ suppliers from income earned from doing business with Panasonic) were available, my possible reservation would be addressed.
    It wouldn't be based solely on income from citizens, but also tax revenue from the company itself, as well as property taxes (assuming corporations pay those), utility taxes to the state, etc. ...and I just read your last sentence, so there ya go.
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by tessaesque View Post
    It wouldn't be based solely on income from citizens, but also tax revenue from the company itself, as well as property taxes (assuming corporations pay those), utility taxes to the state, etc. ...and I just read your last sentence, so there ya go.
    Of course. That's why I noted that data on total taxes (company and employees and NJ suppliers from income earned from doing business with Panasonic) would address my possible reservation.

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by donsutherland1 View Post
    Of course. That's why I noted that data on total taxes (company and employees and NJ suppliers from income earned from doing business with Panasonic) would address my possible reservation.
    I read the first part of your post and was like "but he's missing....!!" and quickly went to post. My bad.
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by tessaesque View Post
    I read the first part of your post and was like "but he's missing....!!" and quickly went to post. My bad.
    No problem.

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by tessaesque View Post
    So let me get this straight. Liberals pin republicans with the charge that they've caused jobs to leave (states, the country at large, etc). Liberals demand that businesses bring jobs back or keep jobs here. Somebody does that, to benefit their state and constituents, and now it's evil.

    Is that about right?

    Excused me; those with "undisclosed" or "independent" affiliations who lean left.
    I was going to ask why bailouts and corporate welfare are bad when Democrats do it but are SAVING JOBS when Republicans do it.
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    The point of course that I was making was when the US government was providing money either through loans or through equity positions in companies that did save a far larger number of jobs, I do believe that many of the people supporting the government giving money ( not a loan, not an equity position but a straight out gift) to Panasonic to save jobs, were rabidly against the bailouts ( which were loans, and equity positions) to the auto industry.

    In other words massive hypocrites
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Christies been giving money to corporations that hes stolen off public workers and by not making hundreds of millions in his half of the pension payments due....hes a scumbag

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Lord Tammerlain View Post
    The point of course that I was making was when the US government was providing money either through loans or through equity positions in companies that did save a far larger number of jobs, I do believe that many of the people supporting the government giving money ( not a loan, not an equity position but a straight out gift) to Panasonic to save jobs, were rabidly against the bailouts ( which were loans, and equity positions) to the auto industry.

    In other words massive hypocrites
    Now if only we could get government (Any level) to completely stop doing this, then we wouldn't be talking about why a company would consider a move based on the highest incentivized government bidder.. The problem I see with this pragmatically is that aside from financial incentives some states offer natural incentives; and for whatever reason, warm weather, access to lakes, watershed, less retrictions or regulations, or a myriad of various none necessarily financial incentives, some states would have an advantage over others. So what's a governor to do?


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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Lord Tammerlain View Post
    The point of course that I was making was when the US government was providing money either through loans or through equity positions in companies that did save a far larger number of jobs, I do believe that many of the people supporting the government giving money ( not a loan, not an equity position but a straight out gift) to Panasonic to save jobs, were rabidly against the bailouts ( which were loans, and equity positions) to the auto industry.

    In other words massive hypocrites
    You absolutely have no clue wtf you are talking about do you?

    Bail outs: Saving companies that had, through piss poor decision making failed to make enough money to stay in business without drastic action.

    NJ Panasonic deal: Enticing the company to NOT move out of the state, and taking the job's provided, elsewhere.


    There is no hypocrisy, just failed comprehension on your part as to what the bail outs were and what NJ did.
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by lpast View Post
    Christies been giving money to corporations that hes stolen off public workers and by not making hundreds of millions in his half of the pension payments due....hes a scumbag
    prove it or be branded a liar.

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