This is completely insane

These States are effectively helping finance a significant portion of data centers’ costs through tax exemptions

Source

  • very_well_lostEnglish
    36·
    6 days ago

    What’s wild is that these data centers generate basically zero economic stimulus for the local communities they’re in, and no taxable revenue. So why all of the state-level incentives to build things that will pay back zero dividends to the states?

    Corporate welfare is why. Eat the fucking rich.

    • JasonDJ@lemmy.zip
      38·
      6 days ago

      Nah after the data center is built you need like a dozen guys there for smarthands.

      But the rest of the jobs will be in India.

      • very_well_lostEnglish
        61·
        6 days ago

        Okay, sure… But a dozen IT salaries doesn’t even come close to justifying multi-hundred-million dollar state subsidies. Local governments will be lucky to see a five-figure return on that investment in the form of employee W2s.

        And meanwhile the local cost of power and water is going to skyrocket in the area… all so 12 guys in a community of 1000s can make 70k a year? Unreal.