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Hi-tech jobs with average salaries of $150K. Other jobs created are all the businesses around the HQ that will feed these employees and provide other shopping.
Amazon kills more jobs than it creates. Call it fair. Call it how it has always been, but them's the facts.
They wanted the location to expand in to the investment banking business. It is more or less dividing the same pie with another entrant in the field. It won't be a zero-sum game, but it won't be the big net jobs gain either. It's interesting that low latency was the final determinant for the location in NY/NJ when they could've gotten the same or similar incentives for other locations from the two states.
To be fair, she's part of the way there; she just can't seem to connect the dots. She's right that New York's subway system badly needs upgrading. For New York, it's a matter of urgent necessity; if the subway grinds to a halt, the city (or at least the economic engine of Manhattan) will soon grind to a halt, or near-halt, as well. And she's also right that if Amazon came, and paid the $3 billion in taxes, that money would be available for such things as subway upgrades. (Whether the politicians would use it for that purpose, instead of wasting it on who-knows-what, is a different question.)
What she can't see, in her binary black-and-white world, is that it's not just a choice of squeezing tax money out of Amazon or not doing so. She doesn't seem to understand that Amazon, like everyone else, can be swayed by incentives and disincentives. It was apparently worth it to Amazon to set up shop in New York if they got their tax breaks, but it wasn't worth it to them if they didn't. Just the fact of being New York City, in and of itself, wasn't enough of a draw.
There's something else that has apparently eluded her as well: that "X" percent (whatever New York's tax rate is) times 0 is $0. Now that she and her ilk have chased Amazon away, they'll have to look elsewhere for the money to fix up the subway.
That was my point.
Yes she has a degree in economics and this eluded her ?
Hi-tech jobs with average salaries of $150K. Other jobs created are all the businesses around the HQ that will feed these employees and provide other shopping.
And once Amazon comes,other companies will be attracted and before you know it you've got a hi-tech hub with all the ancillary jobs and taxes that come with them.
But AOC thinks now Amazon have gone NYC can use that $3 billion in tax breaks to fix the subway.
You fool. You bought into the liberal media talking points hook line and sinker. This project would have brought double the jobs to the region in Construction, materials and area revitalization. Billions of dollars in revenue for the city. State and earned money bybwaybof jobs just went poof. $3 billion to get them to come here which would have allowed the city and state to break even within 3 to 5 years. This is an unmitigated disaster that was brought to by Democrats that actually thought hey maybe after years of telling people we are going to give them free stuff so they dont have to work but at the same time tell them we will bring you good paying jobs too so you can work completely back fired on them and ultimately was undone by the same radical policies they have been pushing that make no sense for anyone
Pretty much all of this is just opinion stated as fact, prefaced with an insult.
Amazon kills more jobs than it creates. Call it fair. Call it how it has always been, but them's the facts.
Who cares? Amazon is not in business to create jobs. But in this case, they were going to create 25,000-40,000 new jobs. The jobs they kill SHOULD BE KILLED. Inefficient jobs are always culled in a dynamic economy over time. It is up to every individual to have a brain, look at the landscape, and project when their job will no longer be needed. And plan accordingly. A job is not a right, a job is temporary, a job can end at any time. And that's the way it should be in a moral and just society.
I’m thrilled that a major American city stood up to extortion. I really hate these kinds of deal.
Nice way to window dress it. By asserting something that didn't happen. The extortionists that got stared down and dumped are the progressive haters. The thieves. The malcontents. They are the ones who are looking like horse$hit today. And I couldn't be happier. Existential damnation for those who deserve it!
Who cares? Amazon is not in business to create jobs. But in this case, they were going to create 25,000-40,000 new jobs. The jobs they kill SHOULD BE KILLED. Inefficient jobs are always culled in a dynamic economy over time. It is up to every individual to have a brain, look at the landscape, and project when their job will no longer be needed. And plan accordingly. A job is not a right, a job is temporary, a job can end at any time. And that's the way it should be in a moral and just society.
They kill efficient jobs with subsidized jobs. It's the very model of inefficiency that they have to be subsidized by the stock market or by the government. A lot of the big tech companies wouldn't be able to compete without the stock market subsidizing 30-40 percent of their total employee compensation costs or without the tax subsidy from the government.
They wanted the location to expand in to the investment banking business. It is more or less dividing the same pie with another entrant in the field. It won't be a zero-sum game, but it won't be the big net jobs gain either. It's interesting that low latency was the final determinant for the location in NY/NJ when they could've gotten the same or similar incentives for other locations from the two states.
One of the biggest socialist business we have here in the United States. One of the few businesses that can fail miserably and get the taxpayers to bail you out. They have the entire monetary system to bail them out on a daily basis. A huge socialist program.
If people want those of us that support Socialist types of programs for the poor to quit doing so, they need to quit supporting them for the rich first.
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