Kenneth Thomas: Via an email from Greg LeRoy of Good Jobs First, we learn that the Tesla deal, as enacted by the Nevada Legislature, is even worse than announced. Aside from the widely touted 6500 jobs only being 6000 jobs for which the state is paying for, it turns out that Tesla doesn’t even have to create the jobs itself!
You read that right. Tesla gets to receive tax credits for investment and job creation not only for itself, but for any of its suppliers (“participants,” in the law’s language) that locate on the project’s huge location. Theoretically, Telsa does not even have to create half the jobs for which it will receive subsidies.
After mentioning that some stupid legislature will step forward, it become an embarrassment when they are next door to my own stupid legislature here in California.
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