'We pay taxes so the corporations don’t have to': Amazon to get 100% tax cut for project in Mississippi — when the state has the ‘highest rate of poverty in America.'

return2ozma@lemmy.world to News@lemmy.world – 896 points –
'We pay taxes so the corporations don’t have to': Amazon to get 100% tax cut for project in Mississippi — when the state has the ‘highest rate of poverty in America.' Is this fair?
finance.yahoo.com
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Yeah I think it's funny that the bill specifically says that they have to add 50 jobs a year but it doesn't say 50 high paying jobs just 50 jobs. If they hire 50 janitors a year that fulfills their quota. And, not to put too fine a point on it but Mississippi's population is over 2,961,279 and 19.1%(the number of people under the poverty line in Mississippi) is 565,604. 50 jobs a year isn't going to do fuckall for that state. But I sure as hell bet that the Republicans in there State legislature are going to have their pockets well lined.

No comment on the accuracy of their prediction but they claim:

The project is the largest economic development project in Mississippi’s entire history and is expected to create at least 1,000 “high-paying, high-tech” jobs by 2034.

If that comes to pass, that’s a big deal and this type of facility and these jobs do not just walk away when the incentives end

1,000 jobs for people they will probably ship in from out of state to meet the qualifications they need. Versus over 500,000 in the state who are poverty stricken.

Oh yeah that's a real good deal. /s

These kinds of projects are great when they bring in tax revenue that will benefit the state and allow them to distribute to the most unfortunate... but I guess that's not going to happen since they're getting a tax break of 100%.

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