Trump uses Twitter to threaten Toyota
So this is how the presidency is going to be run.
Since winning the Nov. 8 general election, Donald Trump’s targeted several manufacturing companies on his favorite communication tool — Twitter — to call them out for reported plans to move production facilities out of the U.S.
The most recent was Toyota, blasted by Trump on Thursday for its plans to offshore production work.
[su_center_b]
The President-elect threatened to impose a hefty fee on the world’s largest automaker if it starts building Corolla cars for the U.S. market in Mexico.
…it’s also not clear Trump would ever be able to make good on his threat to single out Toyota for a punitive tax — and it’s even less clear that tax-incentive programs, like the ones Trump has been doling out to much Twitter fanfare, will do much to help the economy.
“It’s called the winner’s curse,” says Nathan Jensen, a professor at the University of Texas-Austin. “You won getting that investment in local jobs, but you actually lost, because you paid so much for it.”
The biggest boost, Jensen says, comes to the politicians and the companies who mutually engage in what he calls “credit claiming” — essentially, using optics to make it look like a good deal for everyone. But ultimately, it’s the local taxpayers and economy that most often come out the losers, he said.
it’s also not clear Trump would ever be able to make good on his threat to single out Toyota for a punitive tax — and it’s even less clear that tax-incentive programs, like the ones Trump has been doling out to much Twitter fanfare, will do much to help the economy.
“It’s called the winner’s curse,” says Nathan Jensen, a professor at the University of Texas-Austin. “You won getting that investment in local jobs, but you actually lost, because you paid so much for it.”
The biggest boost, Jensen says, comes to the politicians and the companies who mutually engage in what he calls “credit claiming” — essentially, using optics to make it look like a good deal for everyone. But ultimately, it’s the local taxpayers and economy that most often come out the losers, he said.
[su_adblade]
[su_facebook]
