I don't get it? Why should AMZN want to pay the oppressive NYC taxes in the f1rst place?
I don't get it? Why should AMZN want to pay the oppressive NYC taxes in the f1rst place?
...and AOC is high-fiving people. She has no clue. This will ultimately result in a major loss of support from New Yorkers.
Real-estate brokers are big losers wrote:
I don't get it? Why should AMZN want to pay the oppressive NYC taxes in the f1rst place?
I think the result of the deal was, in essence, New York was paying Amazon.
Go home Gallant Pig Man:):):) wrote:
How ignorant can you be? Go back to the line that handed you out your brain and ask for a new one. Your far left rhetoric is embarrassingly pathetic.
Here is the Tax Foundation (a prominent conservative think tank) saying exactly the same thing.
https://taxfoundation.org/lessons-amazon-hq2-tax-break-race/Tax incentives are terrible policy. This is not a liberal vs. conservative thing, it's just public finance 101. The evidence is overwhelming. They don't work and they are obviously unfair. Please explain why it is justified for the NY state government to give Amazon a giant tax incentive package while all of the other existing businesses in NYC get nothing. What kind of conservative would want their tax dollars funneled into Jeff Bezos's bank account anyway?
#ResistMore wrote:
agip wrote:
I'm a lifeline Dem but the loony left is utterly exhausting.
This is a great triumph for AOC (2020?). This shows how much powerful we are, together.
Yep she can give another high-5 to her imaginary people.
https://www.youtube.com/watch?v=jgvN4mqx8AMAfter much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term. While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.We are disappointed to have reached this conclusion — we love New York, its incomparable dynamism, people, and culture — and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. There are currently over 5,000 Amazon employees in Brooklyn, Manhattan, and Staten Island, and we plan to continue growing these teams.
We are deeply grateful to Governor Cuomo, Mayor de Blasio, and their staffs, who so enthusiastically and graciously invited us to build in New York City and supported us during the process. Governor Cuomo and Mayor de Blasio have worked tirelessly on behalf of New Yorkers to encourage local investment and job creation, and we can’t speak positively enough about all their efforts. The steadfast commitment and dedication that these leaders have demonstrated to the communities they represent inspired us from the very beginning and is one of the big reasons our decision was so difficult.
We do not intend to re-open the HQ2 search at this time. We will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada.
Thank you again to Governor Cuomo, Mayor de Blasio, and the many other community leaders and residents who welcomed our plans and supported us along the way. We hope to have future chances to collaborate as we continue to build our presence in New York over time.
Racket wrote:
Hani Saleem wrote:
I think it's easy to look at Seattle and SF and see what this number of high paying jobs do to the cost of living and housing in particular.
In general it seems that there is little accountability in tracking what net improvements these type of deals bring.
I live a county away in VA from the HQ2 location and was happy we lost. Development is way ahead of schools, roads and other services already.
On the other hand, you could just as easily point out lack of planning and proper legislation from SF, Seattle, and Portland in regards to handling the high cost of housing and homelessness issues. Instead, they want the businesses that moved there to clean up the city's mess for it.
Right because the business community would have jumped right inline with that type of smart or slow growth policy.
Bottom line: the businesses that benefit should pay their fair share even if that means fixing current/past issues.
If Amazon truly wanted to be part of the community why did they push back so quickly? Hurt feelings?
The Mooch wrote:
Real-estate brokers are big losers wrote:
I don't get it? Why should AMZN want to pay the oppressive NYC taxes in the f1rst place?
I think the result of the deal was, in essence, New York was paying Amazon.
No, NY was not paying amazon. NY was offering tax credits or discounts of 3billion off of an expected 30billion tax bill. NY would still have netted 27b. Now it gets nothing
Economic development should focus on creating and maintaining a city that educated, skilled people want to live in. The finance industry certainly doesn’t stick around in NYC because the cost of doing business is just so desirable. It stays in NYC because it needs a steady flow of educated, bright young people to fill decent paying jobs, and young people who are making decent money want to be in NYC.
Focus on the things that make your city desirable to people. If people with skills want to be in your city, jobs will follow. Corporate handouts aren’t good policy.
Incentives are not payments wrote:
No, NY was not paying amazon. NY was offering tax credits or discounts of 3billion off of an expected 30billion tax bill. NY would still have netted 27b. Now it gets nothing
Plus, the trains won't run on time.
The Mooch wrote:
I hate the pay to play nonsense, but can anyone actually prove that the HQ2 deal was a net negative for NYC and NYS? The governor's study seems to suggest otherwise.
The studies put out by economic development corporations like Empire State Development ALWAYS say that the economic benefits of tax incentive packages will be huge. They are trying to sell the public on the deal, not measure whether it will actually be effective. It's just a publicity stunt. They use overly optimistic assumptions and multipliers, and once the deals go into place, they do a terrible job of actually measuring the results. Just look at the scathing audit of New Jersey's tax incentive programs that came out a few months ago:
https://www.njspotlight.com/stories/19/01/10/audit-raises-red-flags-over-control-of-njs-massive-tax-incentive-programs/This study examined 240 business subsidies of $75 million or more and found that the average job created had a price tag of $456,000:
http://www.goodjobsfirst.org/sites/default/files/docs/pdf/megadeals_report.pdfInstead of giving one company $3 billion in incentives, why not cut rates a smidgen for everyone instead? Why not invest in programs that create jobs more efficiently than targeted tax incentives? (There are programs that result in a new job created for every $5k-10k invested. Think about that in comparison to the $456k per job figure above. )
And the right also supports a president with over 8,000 documents lies and misleading statements in just his first two years in office.
NYC didn't want this done, so it doesn't lose. Amazon proved it is unhappy with democracy with its fight against any employment tax in Seattle. Amazon does not want to pay its fair share, despite its leader having $160 billion to play around with, or, oops, $80 billion because he played around too much.
This study examined 240 business subsidies of $75 million or more and found that the average job created had a price tag of $456,000:
Sounds reminiscent of the "Green Jobs" that have been "created" over the past decade (in EU too, not just BHO).
8,000 documented lies.
https://twitter.com/AOC/status/1093921428452360193McRight wrote:
...and AOC is high-fiving people. She has no clue. This will ultimately result in a major loss of support from New Yorkers.
As Amazon goes, so does the general climate. Eric Benaim, the CEO of Long Island based brokerage Modern Spaces, told Forbes NYC would make a mistake saying no to Amazon:
“By saying no to Amazon, New York City is essentially saying ‘no’ to any company that would consider coming to the city to do business,” Benaim said. “If we, as a city, reject this deal, we will send the message that New York City is closed for business.
Benaim has been a resident of Long Island City since 2006 and calls himself an “ambassador” for the city.
“If the Amazon deal falls through, it not only effects Long Island City but also New York City as a whole,” Benaim said. “Other businesses won’t be attracted to the area because they will know NYC kicked out the biggest company and rejected the biggest economic impact in the history of the state.”
Real Estate Board of New York President John H. Banks agreed:
And that economic impact would be huge. According to John H. Banks, president of the Real Estate Board of New York, Amazon’s pullout would mean losing out on tax revenues, jobs and overall economic growth across all five boroughs.
“From generating tens of billions in new tax revenue, to creating good-paying jobs, to supporting the real estate market, to making our economy more resilient, this project is absolutely critical for New York,” Banks said. “It’s a once-in-a-generation opportunity to position our city and our economy for the future.”
Losing HQ2 would cost Long Island City and greater New York up to 40,000 jobs. Estimated revenues over the next 25 years from a local Amazon headquarters are estimated at $27.5 billion.
Not a dem wrote:
This actually makes me quite happy
Same for me.
https://goo.gl/images/Vdnen9McRight wrote:
...and AOC is high-fiving people. She has no clue. This will ultimately result in a major loss of support from New Yorkers.
Future is frightfull wrote:
As Amazon goes, so does the general climate.
Eric Benaim, the CEO of Long Island based brokerage Modern Spaces, told Forbes NYC would make a mistake saying no to Amazon:
“By saying no to Amazon, New York City is essentially saying ‘no’ to any company that would consider coming to the city to do business,” Benaim said. “If we, as a city, reject this deal, we will send the message that New York City is closed for business.
LOL. Yeah, New York City is now Closed For Business. Okay.
No one is saying Amazon (or anyone else) can't go to New York. They're saying it can't go to New York and receive a $3 billion giveaway. If Amazon doesn't pay taxes, every other business in NYC has to pay MORE. Opposing this is a pro-business, pro-level playing field position.
Is there a rule against attaching a helium balloon to yourself while running a road race?
Am I living in the twilight zone? The Boston Marathon weather was terrible!
How rare is it to run a sub 5 minute mile AND bench press 225?
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these
Red Bull (who sponsors Mondo) calls Mondo the pole vaulting Usain Bolt. Is that a fair comparison?