Reply to post: "whether the Taiwanese giant was lured with the promise of financial incentives"

US senators call for more transparency over $12bn TSMC fab plant investment

Pascal Monett Silver badge

"whether the Taiwanese giant was lured with the promise of financial incentives"

Really ?

Are these guys new to the concept of capitalism or what ?

When a supermarket chain eyes a spot of land it wants it not only gets the local authorities to exempt it from taxes for ten years, but also gets roads and infrastructure made on its behalf then takes off after nine and a half because, all of a sudden, it remembers that it won't be making money soon.

And now these senators are wondering about a $12 billion plant ? Were they born yesterday ?

Of course there were incentives. Of course there were promises to not tax them on the basis of surface usage, or headcount, or anything that ensures that TSMC will build the damn thing and employ local people to make it run.

And even if that means that the only locals are janitors, it still means that there will be an influx of housing improvements, as a whole lot of people will be flying in from Taiwan to be part of the plant.

Because the USA no longer has that expertise. So shut the fuck up and take what you can get. And smile while you're at it.

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