Amidst the amazon controversy, there’s been a lot of people celebrating that NYC won’t be the new HQ location. They’re happy, they say, because NYC taxpayers won’t be getting screwed. Everyone’s entitled to their opinions. What I don’t get is people commenting things like: “New Yorkers shouldn’t be subsidizing Amazon’s move.” “Now that nyc has $3B back in its government coffers, what are you going to do with it De Blasio?” “Why do you need our $3 billion when we have crumbling subways, crumbling public housing, people without healthcare, public schools that are overcrowded?” Do people not understand that this is not how taxes work? NYC wasn’t giving amazon $3B dollars. There is nothing going back in the coffers. That’s not how tax works. Amazon was still going to be paying billions in taxes to NY. The breaks would have allowed them to get a $3B discount.
Leftists are turds who don't understand things like economics. Welcome to the light 😉
Economics isnt easy to understand. But everyone wants to act like they know something about it. Like everyone thinks they’re an above average driver
Seriously, most people think economics is some kind of science because it uses numbers to justify its mysticism.
I am not an above average driver. I wish I were.
They understand how taxes work. They just didn’t think that Amazon needed a $3B subsidy that they themselves couldn’t receive any direct benefit from.
And in the process lose the other tax benefits and jobs that Amazon would've brought. Good job. You didn't want to give Amazon a 3B subsidy so you refused to accept the remaining 20B they were willing to pay for it. Leftist ignorance never ceases to amaze me 😉
So why the need for the subsidy? Just charge them $17B without one. Let me guess the $3B is guaranteed to Amazon and the $20B might happen, but doesn’t come directly out of Amazon’s pocket. Rather they try and take credit for the taxes actually paid by other people.
There are enough expensive homes and apartments in the greater NYC area. Last thing residents needed were higher costs of living to push them out of more neighborhoods. Not everyone makes six figures like a lot of people on here. The avg. salary is in the neighborhood of $50K which means the avg. household makes less than what most of us make singlehandedly.
People are stupid
The world is hard
It wasn’t all tax subsidies - the state/city were also going to spend $500 million to build the buildings for Amazon
Yes there was a grant. But that’s not what people are upset about.
Seattle became a shithole because of amazon, just like San Fran. Needles and homeless people on the streets, public schools are crap.
Yea I’m was in SF earlier in the week and was appalled. I hadn’t been in several years and it was a shock to my system to see so many young people especially, strung out and homeless. Needles everywhere. It was very scary stuff. I was even more shocked to learn most of them had homes at one point, but skyrocketing costs pushed them out. Then I learned other states were sending their homeless there too, further compounding the issue. It’s nuts.
People misunderstand many parts of this. But what can’t be mistaken is that New Yorkers are happier not giving Amazon 3 billion in tax breaks over X years and also investing heavily in infrastructure to fit their presence in that area. There’s no purpose for it. If amazon wants NYC, pick it on merit. Not sweetheart deals. I think these old school socialism for corporations way of thinking is dying out now with the rise of populism. Corporations like amazon can afford to be wherever they want. If amazon approached hq2 like Apple approaches their next expansion efforts without public fanfare and handouts, it wouldn’t even be an issue. Sure, long term NYC would have profited from Amazon. But it’s a point of principals. And I don’t think NYC is wrong in this. They’re already the financial capital of the world. They weren’t hurting for Amazon. So it’s not a tremendous loss. You have to listen to your constituents. It’s a big deal.
The constituents supported Amazon. Only the SJWs and Union supporters caused a big cry and pissed off Amazon. Bezos left Queens,NY due to a vocal minority being bit-chy on their botched principles despite the majority who wanted Amazon's jobs, money and presence.
Well it looks like amazon lost out then if it was such a minority complaining. Which begs the question if they were really serious about this expansion in the first place or they lost their appetite for it recently.
Well there were 12,000 of them stupid enough to elect AOC.
Oh seriously? Why nobody told me before 😩 I want amazon back in NY.