civilized ku # 1004 ~ the corporate MFs are at it again
Tuesday, June 28, 2011 at 09:31AM 
Beech-Nut plant ~ Canajoharie, NY • click to embiggenDoing what they are so good at, another big corporation is once again putting the screws to the American worker and public. All in the name of creating and/or preserving jobs ....
Loss of the Beech-Nut factory, the lifeblood of the village for more than a century, could mean an average homeowner will have to pay an additional $2,700 in water and sewer bills, and taxes, for years to come ... Most of that will be needed to repay debt - about $3.3 million - taken on by the village for water and sewer systems large enough to handle Beech-Nut, its largest customer ... in the meantime ... State and local incentives totaling about $100 million, including a $3 million grant from the state Assembly and aid from the Montgomery County Industrial Development Agency, helped support Beechnut's move to its new factory.~ Albany Times Union
Fortunately for the workers at the abandoned Canajoharie Beech-Nut plant, the new plant is located only 22 miles away (conveniently located outside of its former tax district) which should allow them to keep their jobs. However, those who live in the tax district of the abandoned Beech-Nut plant will be taking a $2,700 hit for the "privilege" of continued employment with their Beech-Nut "benefactors". Of course, that hit is in addition to whatever share of their state taxes is going toward the "incentives" and grants/aid given to Beech-Nut to keep them in the area.
At a time when the average worker, the disadvantaged, the elderly, students / teachers at all levels (to name just a few) are taking huge hits, it's really comforting to know that corporate welfare is alive and well.
Hell, you might even say it's thriving because, in our current economic malaise (caused by the same corporate / financial sector), the public is more than willing to cough up the bribes ... er, I mean, "incentives" ... that the corporate overlords are demanding in order to continue to grace us with their beneficence.
Reader Comments (1)
It's those profit, oops, I mean job-killing taxes that are at fault.