The Rivian portion is interesting because it seems like there's an implied failure mode not being acknowledged, where Rivian pretends to work, absorbs lots of money, then says "through some mysterious circumstances we have failed!".
I'd have to read the full bond document, yet it seems like until its all over (and I guess everybody agrees it all equaled out), there's still $15 billion of municipal bonds outstanding. What happens if Rivian belly flops again? Last I saw they couldn't sell a truck for $100,000 without losing money.
Also, how do I do this with my property taxes, so the area and I agree I don't pay property taxes? Guess its an exploit only for a certain caste.
I'd have to read the full bond document, yet it seems like until its all over (and I guess everybody agrees it all equaled out), there's still $15 billion of municipal bonds outstanding. What happens if Rivian belly flops again? Last I saw they couldn't sell a truck for $100,000 without losing money.
Also, how do I do this with my property taxes, so the area and I agree I don't pay property taxes? Guess its an exploit only for a certain caste.
Also, also, thank you @super_linear for the link.