Cuomo is having
problems with his grand plan to buy the next election.
Yes, there are
problems with the so called “Buffalo Billion.”
So bad he had to
come out to Buffalo and reassure the workers that the plant, once
completed, would be manufacturing solar panels. This is in spite of
problems with investors and Elon Musk & Tesla Corporation's
(basically) taking over the plant. After all the work is done, the
taxpayers might just have this giant hulk of an empty building on
their hands.
This is in spite of
the promise of solar. I know several people that have solar on their
houses and they are doing OK with energy generation. I even have
solar on my house now. I'm proud to say that I am almost as cost
efficient as nuclear energy right now with my energy production. (I
look at how much I paid to have it put in & divide by the kWh
generated. I'm in the realm of $16 an hour. Once you factor into
nuclear the costs of building the plant – including all the cost
over runs – and the fact that the actual plant owners always
default on the loans, so the taxpayers have to pick up that tab –
you see, no bank will loan a nuclear energy company money unless the
government guarantees the loan. The 100% default rate is a turn off
for them. - And the cost of storing the waste … according to
economists, the cost of nuclear generated electricity is $15 - $16 a
kWh. All those subsidies for what exactly? And this is saving us
money? How? OK. I digress.)
So we currently have
that monkey on our backs.
Add to that the
Athanex debacle. Yes, Athanex might pull out of Dunkirk because of
problems with Albany coughing up the taxpayer dollars to pay for
their project. They are looking at Ohio now as a possible plant
site. We cough up all this money and get a big empty building in a
community that is hurting for jobs.
Here's a key point:
There is no proof that tax breaks help the economy any or create
jobs. None. Companies are going to expand and do whatever is needed
to make money. Consolidating their business and manufacturing makes
financial sense. All tax breaks do is pass the costs of doing
business onto the taxpayer. There is no real benefit to the
taxpayer.
Ting about it –
For ten years we are footing the bill for the corporations making
millions. And what are we going to get in return? Honestly not
much. If workers do not have the necessary degree or experience to
be hired into these jobs, they are out of luck. Just like the
Buffalo Niagara Medical Corridor. Pretty much all those jobs are
going to workers from outside the area. Net gain for the average
unemployed worker? Zero. No degree? No job. It's that simple.
And the corporation
is getting away with no state taxes, no local taxes, or school
taxes. We pick up the tab with higher taxes on our income and
property.
I'm having a hard
time finding a win here for the taxpayer.
In other countries
where they set up special economic zones for corporations the workers
get screwed over with crappy wages and no benefits. Why do we want
to experiment with that mess?
And yet Cuomo is
doing it in spite of the fact that there is no proof that it benefits
we the taxpayers in any way.
So here we are with
two monkeys on our backs and Cuomo running around all over the place
trying to make his signature re-election program work and look good.
At least he is
getting his 10,000 steps in a day.
We're getting our
arms twisted, our wallets wrenched, and generally getting screwed
over.
Not my idea of an
exercise program.