Amazon Pulls Out of Planned New York City Headquarters
Probably the biggest Amazon return to date. https://www.nytimes.com/2019/02/14/nyregion/amazon-hq2-queens.html
lol, the liberals might have thought that but the real lefties see this as a victory actually. They didn't want to extract concessions, they just wanted Amazon to gtfo, which they are now doing
Bezos: "I didn't look outside of Seattle just to deal with this shit." Socialists get what they wanted: no new jobs, no new growth.
Bezos was looking for a massive tax exemption from Cuomo so he's no saint either. But yes the local DSA was involved in the pushback and they're typically morons.
Good. This corporate welfare has got to stop. Amazon, just pick a fucking location and start building without a spectacle of panhandling for money. Nobody cares anymore. We really need an interstate pact to ban corporate welfare and sweetheart deals with tax payer funds. It makes no difference in the net economic activity. It only changes the location of where the net economic activity takes place. Let cities compete with their actual merit. Their local talent. Their universities. Their infrastructure. Their tax policies. And let states and cities tax all businesses fairly rather than powdering the spoiled bottoms of some companies and not others. Amazon can’t have their cake and eat it too. If you want access to a NYC labor talent, universities, and infrastructure, you gotta pay to play.
You make it sound as if companies are a net cost to the city. Without them providing jobs, the city would have nothing.
Why does a city have to give Amazon anything? What do they owe the company? Why does a corporation demand special treatment when other businesses don’t get special treatment. Why pick winners and losers? It’s not complicated. And it’s not controversial. A city doesn’t just appear out of a vacuum. It was build by businesses, workers, and tax payers. It’s a valuable organism of services, infrastructure, and people. And businesses depend on this. No city owes a business anything. Nor should they play favorites and penalize others. Just apply one standard to all evenhandedly.
My prediction is that they will move outside the US to diversify their talent and not have to deal with the Visa system.
👆H1B spotted. J/k
Assumptions much? I'm a green card holder.
Local politicians should stop being played by businesses
I suspect the change in economic outlook since the hq2 search started is the real reason. Amazon may no longer think it's the right time for rapid expansion.
This. Local dissent played a role definitely, but given how fast & suddenly this happened, I'm getting the vibe that Amazon was just looking for a suitable excuse to back out.
Yup. The bad retail numbers from last quarter aren't a good sign for 2019. Time to get frugal ... Oh wait ...
This is hilarious. I cannot wait for the lawsuits.
Lesson for NY Democrats should be cut taxes universally. Sweetheart tax deals offend the people. If low taxes are good for Amazon, they are good for everyone.
Amazon can externalize it's cost, individual person couldn't
It's part of a standard program though: https://longislandcityqueens.com/do-business/business-assistance/business-incentives-and-financing-guide/
If Bezos doesn't pull out, he risks losing half of the other half of his money.