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U.S. Steel wins tax breaks from one of America's poorest cities

JacksinPA

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https://www.reuters.com/article/us-...-one-of-americas-poorest-cities-idUSKCN1PX17D

GARY, Indiana (Reuters) - United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city’s fortunes have been closely tied to the company ever since.

When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population.
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US Steel planned a $750M investment plus a $47M tax break from the city & state but the net effect will be to make the mill more efficient, thereby eliminating jobs. Those who lose their jobs will likely not be voting for Trump in 2020.

Crime is down in Gary because it is rumored that there's nothing left to steal.
 

Xelor

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https://www.reuters.com/article/us-...-one-of-americas-poorest-cities-idUSKCN1PX17D

GARY, Indiana (Reuters) - United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city’s fortunes have been closely tied to the company ever since.

When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population.
===================================================
US Steel planned a $750M investment plus a $47M tax break from the city & state but the net effect will be to make the mill more efficient, thereby eliminating jobs. Those who lose their jobs will likely not be voting for Trump in 2020.

Crime is down in Gary because it is rumored that there's nothing left to steal.
From the article:
t’s now clear those hopes [based on Trump's steel tariffs and US Steel's $750 million investment to modernize Gary Works, its largest North American plant] will not translate into new steel jobs, even after the city and state offered the firm a $47 million tax break package.

The whole point of the investment is to make the plant more efficient, so the incentives will help finance a project that city and company officials concede could ultimately result in job losses, not gains.


Yet another opportunity to of Trump's policies -- things that "Trump Country" people say they like -- to use the age old adage: "We told you so."
It's one thing to have one's political preferences and whatnot, but when professionals apply their specific and technical subject matter knowledge and experience developed initially with formal training and enhanced with years and years of professional applications of their skills and abilities, and, in turn, share it for the public's benefit, that's not politics. Trump and his supporters believe and would have others believe that their lack of knowledge and experience observing and analyzing "this or that" genre of phenomena is somehow more valid that are those professionals' deep knowledge and understanding of the same events and trends is just ridiculous. Furthermore, such disregard detriments not only the individuals who hew to their politically popular notions rather than to expert analysis, but also the country in general.

Those people (1) can't or won't perform their own rigorous analysis and (2) reject that presented to them by entities/people who can and do. One cannot help folks who thus exhibit willful ignorance and neither can they or will they sagaciously help themselves. What is there to do with people like that? Nothing but "cut bait" and let them suffer the consequences of their intransigence.


Red:
LOL That circumstance would definitely lower crime rates. LOL
 
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