Companies often try to gouge tax breaks and other incentives from local governments by creating a bidding war among them, by promising to build a large new facilities that would create many high-paying jobs, even though the company has likely already decided on the best site even before the process starts. These promises by the company are rarely realized in practice and the net result is that the companies get the tax breaks they were promised while not upholding their end of the bargain, creating fewer jobs and lower paying ones at that. The latest glaring example of this is Foxconn in Wisconsin, a company that richly deserves the ‘con’ in its name.
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