Ford and its workers finagle money from taxpayers
From Jere Downs with the C-J, an article on the new subsidies for Ford from the taxpayers of Kentucky....
There, we learn that Ford has 5,600 workers and the subsidies will be as much as $180 million over the next 10 years. Instead of lowering taxes for all businesses, Kentucky has decided to target Ford with a subsidy-- pretending that they can manipulate the economy effectively and responding to the entreaties of two interest groups.
Let's look at the per-person benefits and costs.
$180 million
4.25 M people in Kentucky
5,600 workers at Ford in Kentucky
Ford can raise $180 million by taking $170 from the average family of four.
Or Ford can save $180 million by lowering compensation to its workers by $1.60 per hour (working 2000 hours per week).
Which is more equitable and more efficient?
posted by Eric Schansberg @ 2:54 PM
1 Comments
1 Comments:
Eric, there was a story in the Wednesday edition about Mark Dowell that "works" at Ford. He was in the Obama infommercial and talked about how hard it was on their family since his wife was laid off. Well, I know Mark. He is a big shot in the union and makes around 90 to 100 thousand dollars per year. His dad was a past president of the union and his gradfather was also involved. His wife worked there for six years before she was laid off according to the article. She likely made around sixty thousand per year herself. So, for the last six years, their combined family income would be in the $150,000 range. Tell us again about your struggles Mark. Hell, under Obama's tax plan, ole Mark Dowell might qualify as rich if he isn't careful. Moral, don't believe everything you see.
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