Let me see if I've got this right. MoCo is going to lay off taxpayers, but are going to get tax consessions? What's wrong with this thinking?
There is plenty wrong with it, but it has become standard operating procedure in our country to hand out tax abatements and other deals to business. Some will say it's a good thing when you're talking about getting a company to locate in your state or locality and provide jobs that don't currently exist. But I consider it to be something entirely different when the public is put on the hook to bail out a company like H-D, which was still making profits and paying big salaries and bonuses, while they eliminate local jobs. They used the economic downturn to facilitate obtaining their objectives to weaken the unions and drastically cut wages and benefits, and the various states and cities where they had plants all fell in line to offer up taxpayer assistance as if they were in dire straits. The same sort of extortion has been going on all over the country as states compete with each other to get companies to move. Indiana for instance has a big campaign to lure Illinois companies across the border, and there are many more doing the same thing. It's pretty sad when we commit taxpayer resources to just shifting jobs across borders, rather than create new jobs. The corporations and the fat cats running them win, the little guys lose. What's new?
Jerry