Wednesday, March 08, 2023

Michigan Democrat Crony Capitalism

In another part of the effort to spend down the budget to prevent the income tax cut (if she can),  our Governor is giving money away as fast as she can.

One might have used to believe (if you were the gullible sort) the Democrats when they said they were against big business. 

 Au contraire, they like big corporations just fine - especially when they toe the government's line, and even more so when the company in question has a nice symbiotic relationship with a Democrat-supporting union. The spending in this case is for an electric vehicle battery plant site, because, of course it is.

The Detroit News: Whitmer signs $1.3B spending plan, directing $630M toward private Ford development

"Today, I’m proud to sign a supplemental package that will create 2,500 good-paying jobs in Marshall, improve infrastructure, grow our healthcare workforce, and so much more!" Whitmer said on social media.

So for the 2,500 "good-paying jobs" she boasts about, the state of Michigan is giving, in this one extra appropriate alone, a $650 Million subsidy, which  equals $252,000 per job.

The total of $1.6 Billion in local and state subsidies for this project means each and every one of those "good-paying jobs" jobs is subsidized to the tune of $640,000.00 in tax dollars for each and every job.

You know, we could save the state some money by just giving $500,000 each to 2,500 people in Marshall and tell them to have a good time. Heck, let's instead  give $1 million of taxpayer money  to 1,250 random people in Marshall and announce how Michigan has gained over a thousand new millionaires this year - that'll make the news and make everyone think the Michigan economy is just rockin'.

Good-paying jobs indeed - if you mean the government paying a corporation for them, with your tax dollars.

Imagine what your own business could do with a subsidy of $640,000 for every job you have - or even just the latest appropriated amount of $252,000 - especially after weathering the storm of Whitmer shutting this state down and forcing small businesses to close.

2 comments:

Old NFO said...

Amazing... Buying votes as usual...

pigpen51 said...

I have never liked the tax breaks for corporations. Because someone always must foot the bill, and it always comes down to the working men and women, to pick up the extra that the corporations drop.
Not to mention that of course, the corporations always over promise on the jobs and under deliver on the actual hiring. My own company did it, time and time again, when expanding plain warehouse space, or space needed for more room to work on ladles or such. The were not hiring any more people, they just needed more room to store the extra ladles that they bought, to upgrade sizes. But they got tax exemptions, with promises of 20-50 new jobs, because of the expansion. Then they did it again, around 8-10 years later, and the city of Norton Shores went right along with them.