The Dem establishment is pretty right wing these days. I agree it's disgusting. Compare Cuomo to Cynthia Nixon.

trump must be conflicted af over this. RW derposphere is cockblocking his killer tweet opportunity

Yawn. An article arguing that tax incentives to attract businesses is bad and there should be outrage.

News flash.

Every government in the world, national and local compete to get businesses to relocate and provide investment.

( twitter | raw text )

Ya, about those links

But here we are with you championing numbers that look cool, selectively reading links that juice up that corporate welfare boner you have, and still no one has presented actual info on localized economic analysis for LIC itself.

Corporations aren't inherently evil. I mean, most of them are in practice, but that's not the point.

The ask here is simply that they play by the same rules as everyone else and, you know, pay their ****ing taxes! This is also known as a "free market!"

Elected officials that run metropolitan cities all over North America are about equal in intellectual capacity to people going to slot machines and throwing coins in the machine.

Y'all even trying anymore? I know you hate corporations, but they aren't as bad and evil as you perceive them to be.

No no no. That's not it works. You gotta give Bezos, inc. $3bil to develop your hood or else the jerbs will not be created and no one else will come in the freek murket.

So AOC and her voters are stupid too?

This is just too trivial.

From a policy perspective, I do think there should essentially be a (federally enforced) agreement/cartel between cities on the amount/form of subsidies municipalities can offer to corporations. Under the status quo, corporations get to capture most of the positive externalities and often capture even more than 100% of the positive externalities (stadiums/casinos super guilty of this) without paying for the negative externalities. Amazon is an extreme case even 3 billion is well under any reasonable estimate of positive externalities of HQ2 but MOST projects (especially anything that involves sports teams and tourist attractions) end up being close to net neutral or worse for the municipalities.

Speaking as a New Yorker, I think it's incredibly stupid to turn Amazon away.

Regardless, I think Amazon / Bezos is throwing a huge hissy fit because AOC and a few other politicians are against it.

Only Bezos could make the move to nix this deal. His big ego was hurt because it wasn't loved enough by everyone.

Its actually laughable how Bezos just takes his ball and bat and goes home even when he had the governor and the mayor on his side.

csb

That's not what the article says. Amazon just said it will fight attempts to organize if its workers tried. That's not a demand on NYC or NYS, it's just stating an intention.

Bezos is doing the right thing. He really doesn't need both HQ2s right away. NYC will submit another bid in 4 years or whenever AMZN looks for HQ3 or whatever and people will know AMZN will play hardball.

He knows HQ2 is super valuable to any city with half a functioning government. There is no reason for him to give up sacred cows like promising to allow workers to unionize.

Why deal with ineffective governor and mayor that can't keep their people under control and apparently trying to extract additional concessions? Just move on to another city or wait for 3 years and watch NYC come crawling back with a proposal for HQ3.

The city of NY is one of the most expensive cities to live in the entire world, and it will get more expensive with a sudden influx of 25 000 higher paying jobs.

Bezos should understand that there will be some political factions that will be against any development that will gentrify their neighbourhoods further. Its a huge city with many different constituencies. There's no way De Blasio or Cuomo could silence every local politician in New York against the deal.

I just find it odd that AOC and a few politicians putting out a tweet is all it takes for Amazon to pull out. There is something more behind this.

Nah. It's pretty simple. Some of those very same politicians have the ability to make AMZN's life difficult during the next few years. There is really no need to read conspiracy into this.

or a gain of not having to shell out $3B.

It's a tax incentive to spur investment and economic development. They're not shelling out anything. It's no different than cities offering enterprise zones or BIDs to encourage businesses to open in depressed areas. The revenue generated more than pays for the tax break.

In this case NYC and NYS likely gave up well over $20 billion in revenue because some limousine liberals didn't like a wealthy company getting tax incentives. Polls showed most regular NYers were in favor of the HQ.

Thank goodness AOC and co. were there to save all these dumb NYers from themselves.

It is different imo because NYC is not a depressed area.

NYC is pretty big. Ever been to LIC?

I don't think so.

But I am looking at real estate prices there and seeing 2 BR condos going for 7 figures.

While I can agree that the Amazon deal is not nearly as bad as a stadium deal in that its a future tax rebate as opposed to an upfront payment, from a competitive fairness perspective, these kind of deals are incredibly shortsighted.

The government aided competitive advantage that Amazon gains will cause their competitors to undergo more challenges and possibly cut jobs due to loss of revenue.

lol at the mental gymnastics on this thread to spin this as good news

Think of how many unwilling to work could be supported with the $30Bil in tax revenue that would have been generated over a decade on $3B investment in the form of a tax subsidy so not even an actual cash outlay lol. You do all understand ROI and payback calcs right? For a poker forum I sure would hope so

Gee I wonder if there are any examples of these types of giveaways not working out for state and local governments