Trump's Carrier Deal.

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Trump's Carrier Deal. Earth to Media.

Facts:

*Trump saved 1000 Carrier Jobs.
*Trump did not save other 1,300 jobs that will be outsourced to Mexico.
*Trump had convinced Indiana State to give them $7 million in tax breaks in return for saving the jobs.
* Carrier is still going to close a different plant in Indiana.

Is Trump's deal good or bad ?

-Media thinks his deal is bad.
-Methinks Media is mistaken.

Pros:

* The saved jobs will help workers Socially and Financially. The State of Indiana gains at least $ 1 million in the deal each year during the 10 year period of the tax break . (1.65 mil - 0.7 mil + misc growth) and after the ten year period they will be gaining AT THE BARE MINIMUM $ 1.65 million. (1.65 mil +  misc growth). Misc growth is defined as the saved workers buying food and goods, not using welfare, contributing to economy etc. 

-Although some complain about the 7 million tax cut over 10 years. Let's break it down. The public looses 700,000 / year over 10 years. However, $ 50,000 income of worker x 1000 saved jobs x 3.3% state tax of Indiana EQUALS 1.65 million dollars. Thus, the state saves money because they loose 0.7 million and gain 1.65 million each year. Not to mention the saved workers won't be sucking up unemployment and depriving the Federal Gov't of Income Tax. (Income Tax on unemployment is not much compared to Income tax on Salary). Also, the saved workers will buy stuff from stores an benefit the Economy. TRUMPS DEAL WAS EFFECTIVE. The only looser in the deal was the Environment because of the plants co2 emissions :( but hopefully Nuclear makes a comeback.

Cons and my refutes:

* It may create a future "ransom like system." For instance, a company could threaten that they will outsource jobs (regardless if they actually want to) and demand tax breaks or else they will be outsourced.

-However, it may not occur because the Company would likely suffer a bad reputation for doing such and that will hurt them economically because their products might be 'boycotted" in a way.

*You will be paying for the tax cuts. There is no such thing as the word: "Free". 

- True. But, See pro statement number 1.

* It is against a Capitalist Ideal.

-True, but we don't have a good economy. Our current economy is not a true Capitalist Economy. Sometimes, you can't always go by the "book".

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