High-speed rail funding, semiconductor factory funding... Why the fuck is Texas getting these federal perks when they've been fighting Biden the entire time?
this post was submitted on 15 Apr 2024
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I suspect it was Samsung that chose Texas, and not the Feds.
The feds could have said something like, "consider Michigan and we'll give you $6.4 billion."
Does Biden have a shot to swing it blue? Haven't kept up with voting demographics there.
I don't think he does in the current climate.
Texas will secede the union and sink into the Gulf of Mexico before it becomes a democratic state.
Don't get my hopes up.
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Ideally where funds are invested would be decided without fear or favor.
And Texas needs these funds more than any other state? I find that spurious.
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Not by choice I'm sure. Kinda like our public school books. It's a numbers and -hopefully-long game.
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I'm pretty sure Samsung doesn't need that money
I mean, I'm as anti-corporation as the next sane person, but it's not like this is just a gift to Samsung.
This is just a small part of the total costs for building This facility, which is going to be absolutely massive, and the vast majority of the money is coming from the private sector. In return the US gets and incredibly important resource that makes it less dependant of countries in East Asia that are either hostile to them or are at risk of having their facilities disobeyed by those that are.
That alone is worth fare more than 6bn, and doesn't even begin to mention the economic benefits of such an endeavour.
You make good points
I mean, TSM already went "this isn't gonna work" and "it's not you, it's me" on them...
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Private businesses making their own way in the world with no help from anyone else. Perfect example of capitalism working as it should...
Oh wait...
Anyone remember the Foxconn building deal during the Trump presidency? It was supposed to prop Republicans up in the mid-terms of 2018.
The GOP offered a $2.85 billion subsidy so Foxconn would build an LCD panel manufacturing plant in Wisconsin. Apparently the subsidy was in the form of tax credits. Trump calls Foxconn "8th wonder of the world" despite its cost.
The renovations never arrived. Neither did the factory, the tech campus, nor the thousands of jobs. Interviews with 19 employees and dozens of others involved with the project, as well as thousands of pages of public documents, reveal a project that has defaulted on almost every promise. The building Foxconn calls an LCD factory — about 1/20th the size of the original plan — is little more than an empty shell. In September, Foxconn received a permit to change its intended use from manufacturing to storage.
As far as I can tell (from skimming over a few recent news articles), they ultimately employed about 1000 people (7%-10% of what was promised). When negative reporting on the project ramped up, Republicans claimed that incoming Democratic governor Tony Evers tried to renegotiate the deal and blamed him. When that turned out to be a lie, Republicans pivoted to the more nebulous claim that Foxconn bailed because Wisconsin was unfriendly to business under its fresh Democratic governor.
This could be a great side-by-side comparison on how Dems vs. Reps handle such a project, but I doubt the average person caught in the news cycle still remembers Foxconn after nearly 6 years). 😅
Aren’t there even cheaper, lower wage states we can build these chips in? What about building the plant in Alabamistan, and having the cheap texas engineers flown in as needed?
Way to help Ted Cruze and that little nazi governor. Wtf.
Hoping Texas becomes a purple state maybe
Wow they get a Samsung factory and a bullet train back to back.
FUCK TEXAS.
Love corporate handouts.
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