Comment on US to award Samsung up to $6.6 billion chip subsidy for Texas expansion, sources say

• FenrirIII@lemmy.world ⁨7⁩ ⁨months⁩ ago

  Growth in an industry drives tax growth, job growth, and wage growth.

  That’s some bullshit. These places will pay no taxes, create the most minimal of jobs, and pay next to nothing. Then, when their tax breaks run out, they pack up and move to the next tax break.

  Furthermore initiatives like this one insulate the country from strategic holes. The US goverment and tax payers most certainly get dividends on investment.

  Someone is profiting from this, but isn’t the taxpayers.

  source

  • BombOmOm@lemmy.world ⁨7⁩ ⁨months⁩ ago

    These places will pay no taxes, create the most minimal of jobs, and pay next to nothing.

    You are talking about a clean room chip fab here. They have highly skilled labor that is paid top dollar.

    Then, when their tax breaks run out, they pack up and move to the next tax break.

    Chip fabs cannot just ‘pack up and move’. They are horrendously expensive to build. The whole damn place is a clean room for an idea of how difficult these things are to build.

    source

    • thedevisinthedetails@programming.dev ⁨7⁩ ⁨months⁩ ago

      They’ll make a new entity that extracts most of the profit while the production facility operates at cost or even a loss. Jurisdiction shopping is a thing even within the US.

      source