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How is it lost? If Foxconn doesn't decide to open up shop in Wisconsin....is there a magic gain in revenue?I'd agree with you as long as the incentives are across the board. But if Wisconsin passes legislation that gives you, a rich donor, a special tax break that cuts your taxes from $1 million to $0, then that $1 million in lost revenue has to be made up somehow.
Where is the state losing this money with Foxconn showing up? Where is the government actually SPENDING this money?Either the rest of the taxpayers have to cough up an additional $1 million, or spending has to be cut $1 million.
Because if I owed you $10, I actually received something to start with in order to owe you that $10. What good or service or direct funds did Wisconsin provide to Foxconn in order for there to be a "debt" in the first place?If you lose your biggest client, you're not out of pocket a penny, but it will "cost" you plenty. It's the same concept. As is the idea that if you owe me $10 and I forgive that debt, it has no cost to me. Of course it does.
And even in the case of across the board tax cuts, there is a cost, which is whoever is on the short end of the spending cuts.
As per your very last line..... I agree. However, Foxconn isn't currently receiving any government funds. Are you honestly saying that Foxconn's presence would actually cause the state's budget to have to be increased by an amount equaling the tax incentive deal? In what area of government services would Foxconn's presence be causing the state to have to spend this extremely large amount of money?