-- Connecting the dots between our economy, government and business --
Comment: At Wirepoints, we did the calculation ourselves and confirmed that Gotion is eligible for about $7.5 in federal tax subsidies, in addition to the $536 million from the State of Illinois. Gotion has clear ties to the Chinese Communist Party.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
They probably are, legally. But as a tax payer in the once great state of Illinois , I find it morally objectable.
Many products found in Walmart come from China. Chinese products are everywhere. Many American agriculture products are sold to China. Trading with each other benefits us all. Your Apple phone was assembled in China. Lots and lots of things come and go from China. I like Chinese food.
LOL the chinese elites don’t even eat chinese food. They import their food from Japan and Australia.
International trade can be a fine thing, if health and safety get adequate attention. But using public money to subsidize a company, whether foreign or domestic, is never necessary. (We could, of course, have a long discussion about what is a “subsidy,” but in this case there’s no question.)
We shouldn’t be trading with communist countries, period.
The Commies are laughing hysterically at this deal What a bunch of buffoons in Illinois. The math on the subsidies is so obvious. The fact that these are the bad guys ripping us off is so obvious. Illinois is a clown show on the international stage.