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1500 versus 25,000 jobs...you cannot tell the difference in those numbers?
The 1500 is not "HQ2", and nothing even comparable to gloat about like you and AOC are doing.
Goodness, the lack of economic sense is amazing, but her district reflects this, lol.
Simply put they are Stupid. The left can't have these people becoming educated. Amazon pumping a billion dollars into that part of Queens would have caused people to wake up how their woke politicians have been keeping them down like slaves for the past 300 hundred years,
I admit - when I knew that this would be ignorantly crowed about, it wasn't you I was thinking would do it.
Quote:
Originally Posted by desertdetroiter
I can remember how conservatives were trashing AOC when she made it clear that Amazon had no business asking for tax incentives to move into NYC. So Amazon supposedly decided to cancel the deal.
Yeah, they canceled it alright. They’ve actually decided to go ahead with the deal regardless of the fact that they aren’t getting the incentive package.
This is how business is supposed to be done in the United States. If you want to set up business, then do so, but don’t go around asking municipalities to give you everything but the kitchen sink. That’s bad corporate behavior, and cities and states shouldn’t put up with it. Either this is a capitalist country, or it isn’t. Privatizing profit and socializing risk should be a no go.
Oh yeah...there’s this:
Yep. Looks like Facebook is coming to NYC too. I guess the notion that high taxes blah, blah, blah would keep businesses from coming to New York isn’t exactly true, is it? They aren’t gonna get the incentives either I’m sure.
Trump lovers really do love handing out tax payer incentives. They truly are socialists in every sense of the word. Please government help me help me, give us poor billion dollar companies money and we promise to hire a few people.
You think this is something unique to the right? It has happened many time here in NC when Dems controlled everything!
AOC isn't playing chess, or even checkers. She was set up to look like a fool.
Amazon is playing high-level chess. They know AOC will be a flash in the pan. They are putting a placeholder in NYC and will eventually have a much bigger presence after getting their tax incentives.
Dear, AOC has already been destroyed by this on social media. Try to catch up. This played out days ago.
She cost her district 25,000 jobs. Now she's crowing about jobs, not in her district, that is just 6% of this number.
Epic Thread Fail
I kind of expected it to be in the Economics Forum, since it hadn't been posted here a couple of days ago. I mean, I had no reason to post it here and point out how ignorant AOC was with celebrating the numbers - and payroll - difference.
NYC is teetering on the brink of bankruptcy, so yeah, they desperately needed the tax revenue and new jobs as people continue to move away from the city.
NYC is not teetering on anything. The tax breaks were unnecessary, here they are and you're still arguing that they needed to have taxpayers subsidize Amazon, why.
So what? How do we know how many jobs they were gonna bring? Answer: YOU DON’T! They always give the rosiest of scenarios when they want huge tax incentives. Once they get set up, they can do pretty much whatever they want.
The idea is not to give them ANY tax incentives to begin with.
Amazon is worth a trillion dollars. NYC shouldn’t be giving them one red cent in incentives.
Discussing the (necessary) evil of corporate tax breaks for relocation/job creation is one thing. And one which I suspect 95% of people would agree with.
At the same time, MOST tax breaks are tied to the # of jobs created. I don't know if Amazon's HQ2 deal was or not. Their Seattle HQ employs 45K people. Not unreasonable to assume that HQ2 wouldn't be 25K in due order (within 10 years from today).
But I do know that 1 year ago, they were "only" a $665.8 market cap company. Today, they're an $868B market cap company. Which still is 13% below $1T.
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