Snyder reveals Hyundai expansion in Michigan

[Gistok]

Agreed Kevgoblue.... also... using a lump tax figure doesn't take into account that most of those taxes are Federal and NOT State taxes...

[Wesley Mouch]

The other problem is that we keep laying off public-sector employees, who generally are creating broader social benefits by doing the work they do, in order to pay for more tax breaks to create private-sector jobs to help Hyundai make a bigger profit.

It took me a few moment here to realize that you were being sarcastic [[I hope).

[Patrick]

I know it won't happen, but let us say Hyundai wanted to open a plant in Detroit and hire a few thousand....would anyone bitch about it?

[Wesley Mouch]

I know it won't happen, but let us say Hyundai wanted to open a plant in Detroit and hire a few thousand....would anyone bitch about it?

Of course it'd be a firestorm of complaints -- especially about the congestion on the roads that will be caused -- the greater delays on Amtrak due to increased freight traffic -- not enough Detroit resident workers -- not paying enough taxes -- taking money to Korea -- giving the Koreans disproportionate vote on city council -- polluting the environment with smoke -- tearing down 'ethnicity'-town to build the plant -- not building energy efficient cars -- subsidized by US military defending their homeland at no cost to Korea -- and just plain not being America -- and for now being a UAW plant.

[antongast]

It took me a few moment here to realize that you were being sarcastic [[I hope).

Oh, fuck you.

[Wesley Mouch]

Guess that depends on what types of jobs they're going to be. Some techs to run a lab or some senior engineers working on high level thermodynamic issues. I believe the difference in pay scale is considerable. Your numbers assume a salary of $100,000 per job created.
The math works out to the employee needing to earn $1,162,790 to recoup the $50K. [[not counting the reduction in taxes due to applicable deductions)

Also, the Nerd was only twice as efficient. 50k vs 100k.

Sorry 'bout the math. I did use $100,000 as the cost per job. When I was doing corporate budgeting, we used that as our 'round-number' figure for the impact of an employee -- not just salary and benefits and pension funding [[$55-70k for auto workers I hear) with the rest being training, HR overhead, travel, parking lot space, toilet paper, bottled water, and so on.

I'll take twice as efficient -- while maintaining that tax breaks are bad policy in 100% of the cases, as this does shift the burden from industry to individual and small businesses.