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well...now what
They bailed on NY....and now Seattle
Amazon is abandoning an entire 30-floor skyscraper in Seattle it had planned to move into as it follows through on a year-old threat
Seattle's Rainier Square will no longer be occupied by Amazon.
The company has nixed its plans to move into the 30-floor, 722,000-square-foot building, the company confirmed in a statement to Business Insider on Wednesday. GeekWire first reported the change after obtaining a flyer advertising the subleased space.
Seattle is facing similar problems to Portland. Besides that city is in the path of a volcano so may not be the best move to make. I'm not a fan of subsidies but I don't think you can deny the influence of amazon to bring economic growth to a region. I'm sure they have plenty of alternates in the workings, I'm surprised some Gov's have not reached out to get them to come to their state.
You certainly cannot blame Amazon for trying to make their business as profitable as possible. A national consensus of both state and local governments to reject tax breaks is never going to happen and without that Amazon and other compnaies will continue to be able to do this.
"If you don't give into our threats and blackmail we will take our ball and leave".
This shows why NY was right. It would have never been enough. Amazon would have demanded more and more welfare.
It's not welfare. Welfare has no expected return, beyond perhaps a vote by the recipient for the party that gave it to him. Corporate subsidies have an expected return in the form of jobs and economic activity. There is a benefit both for the corporation and for the region it resides in. Now often it can be taken too far and you have to wonder if the subsidies are worth the actual return, and Amazon does seem to cross that line, but that is not the same as welfare.
"At the time, Amazon was unhappy that the Seattle City Council passed a new tax, aimed at combating homelessness, that would disproportionately affect companies with a large number of employees in the city."
"We are disappointed by today's city council decision to introduce a tax on jobs. While we have resumed construction planning for Block 18, we remain very apprehensive about the future created by the council's hostile approach and rhetoric toward larger businesses, which forces us to question our growth here,"
"We are currently building two million square feet of office space in our South Lake Union campus in Seattle," Amazon said in its statement. "We have more than 9,000 open roles in Seattle and will continue to evaluate future growth."
It's not welfare. Welfare has no expected return, beyond perhaps a vote by the recipient for the party that gave it to him. Corporate subsidies have an expected return in the form of jobs and economic activity. There is a benefit both for the corporation and for the region it resides in. Now often it can be taken too far and you have to wonder if the subsidies are worth the actual return, and Amazon does seem to cross that line, but that is not the same as welfare.
We expect those on welfare to move beyond welfare to then pay taxes to fund the socialists programs that places like Amazon demands.
Every action has it's consequences.. as Seattle just discovered.
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