Home > Uncategorized > Sorry Tech Titans: $300,000,000 is Chump Change!

Sorry Tech Titans: $300,000,000 is Chump Change!

September 27, 2017

Yesterday’s NYTimes reported that tech firms across the country are willing to kick in $300,000,000 to augment the $200,000,000 of earmarked funds President Trump promised for STEM projects in K-12 schools. $300,000,000 sounds like a lot of money… but here are two numbers to compare that to:

$3,000,000,000 which is the size of the tax break ONE tech firm, Foxconn received from ONE State, WI

$9,200,000,000 which is the amount the Department of Education budget will be cut

$102,000,000,000 which is the amount of revenues ONE tech firm, Apple, has stashed offshore

Sorry to be sarcastic, but I hope we are not supposed to stand up and cheer for the tech billionaires who generously offer us what amounts to the change a school might find in its petty cash?

%d bloggers like this: