In the last few days, I’ve read two stories about GlobalFoundries, which is constructing a chip fab plant in Malta with $1,300,000,000 (and counting) in subsidies from the taxpayers.
One article was them whining about New York state taxes and fees.
Another was about how they were allegedly going to create 400 jobs with another almost $16,000,000 in subsidies from already strapped new York state.
And despite getting $1.3 billion in subsidies, they're balking about a claimed $94 million discrprency in their property tax assessment by the town of Malta. Haven't they milked the taxpayers enough?
Maybe a reason taxes and the budget deficit are so high in NYS and is because we’re shoveling so much money toward this sort of corporate welfare. But if some mom on food stamps buys a $3 Red Bull, now THAT’S the real outrage.
Update: As if that sort of bad neighborliness isn't enough, Planet Albany blog reports on serious concerns by local officials about the storage of hazardous chemicals in undisclosed, off-site locations.
Social issues, intl affairs, politics and miscellany. Aimed at those who believe that how you think is more important than what you think.
This blog's author is a freelance writer and journalist, who is fluent in French and lives in upstate NY.
Essays are available for re-print, only with the explicit permision of the publisher. Contact
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Showing posts with label Malta. Show all posts
Showing posts with label Malta. Show all posts
Saturday, December 04, 2010
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