Saturday, November 23, 2013

How tax dodging General Electric threw a community to the wolves

General Electric spent decades polluting the Hudson River that runs through the twin villages of Hudson Falls and Fort Edward, NY. Then GE spent decades and lots of money fighting attempts to make them clean up the mess it made in the river. Then it closed the plants in both villages dealing a gargantuan blow to the local economy and to those who want to work for a living. It claims the Fort Edward plant is “uncompetitive.” It rejected the union’s offer of job givebacks and modernization. It was also reported that the factory’s equipment dates from the 1940s.

This is a bit shocking. You'd think that since GE pays no income taxes, they would have more money to invest in proper equipment.
 
Call me crazy, but is it a possibility that the factory wasn’t uncompetitive because of its workers, but because GE saddled those employees with 70 year old equipment?
 

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