This is completely insane
These States are effectively helping finance a significant portion of data centers' costs through tax exemptions
Didn't realize just how huge these tax exemptions were for data centers
This is completely insane
These States are effectively helping finance a significant portion of data centers' costs through tax exemptions
14 Comments
very_well_lost@lemmy.world · 36 pts · 160d
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 · -5 pts · 160d
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_lost@lemmy.world · 5 pts · 160d
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.
JasonDJ@lemmy.zip · 4 pts · 160d
Yeah that was a quite tongue-in-cheek comment. Surprised it didn't transmit so well.
DevoidWisdom@sh.itjust.works · 2 pts · 160d
psx_crab@lemmy.zip · 15 pts · 160d
As i said, it's beneficial to the economy if people burn down a datacenter. Less power and water consumption and wastage, less space used by useless tech that only based on promises and that we don't really need, more RAM for consumer tech that do actually get taxed.
SlurpingPus@lemmy.world · -12 pts · 160d
Just to check, you know that you're most probably using datacenter facilities this very moment?
psx_crab@lemmy.zip · 7 pts · 160d
Well in context we're talking about AI datacenter, the kind that specifically build for AI.
Liketearsinrain@lemmy.ml · 2 pts · 159d
Hawke@lemmy.world · 0 pts · 159d
That doesn’t change the facts.
sp3ctr4l@lemmy.dbzer0.com · 8 pts · 160d
... This is the totally standard mode of anything substantial bring built in the US, for my entire lifetime.
Just go look at how much corpo cocksucking goes on in the recent history, anytime any corpo wants to open a new large branch or is thinking about relocating their head quarters.
The states just line up and beg to be fucked.
Or, even just like... a mall, a big box store, local governments do the same shit.
Corporations are absurdly subsidized by the government, in so many ways it may actually drive you insane if you try to look into the totality of it.
Everything is a handout to corpos.
This is why we are all poor and miserable now, capitalists captured the government.
Privatize gains, socialize losses.
It doesn't matter at all how many studies have been done that show that this level of government accommodation just destroys the longterm basis of the local economy, causes so many insanely negative externalities.
'I got the thing built here so I created jobs, vote for me, dumbass!'
SlurpingPus@lemmy.world · 2 pts · 160d
It goes way back in computer tech. Both Intel and AMD rose up on government contracts, including military ones. And to my vague knowledge the US government was pouring money onto the Silicon Valley before it grew to be the hub it is now.
andybytes@programming.dev · 1 pts · 160d
It is socialism for the rich unions for the dogs and scraps for the rest if you are lucky. Capitalism is exponential.
CannedYeet@lemmy.world · 4 pts · 159d
Nothing new here. Corporations shop around for the dumbest localities who give the most tax benefits. See also Foxconn in Wisconsin. Or the time Amazon was looking for a new headquarters.
Yaky@slrpnk.net · 3 pts · 160d
But think of the jobs these datacenters create! A datacenter in Columbus, Ohio that got $4.5 million tax break will provide a whopping 10 (ten) jobs!
WTF. Would be easier to give 10 random people $450,000, but what do I know.
andybytes@programming.dev · 3 pts · 160d
FUUUUUCCCCCCKKKKKK I hate capitalism