BREAKING!!! NYC GOES HOME DEVASTATED! AMAZON PULLS PLUG!!!!!!

The best part about the Twitter battle is the "costumer" (instead of customer).

Fitting in USA these days.

Jimmy21 wrote:

Amazon was going to pay 30 billion in taxes. Queens offered them a 10% discount. Democrats throw a fit and amazon pulls out. AOC celebrates and says now they can spend the 3 billion on other things..... like she thinks that the city wrote one of those giant cardboard prize money checks to amazon and amazon gave it back and now they get to go cash it and spend it.

She wants free college. In her case, i agree. She very much deserves a refund on her economics degree.

She should host the Price is Right

Explaining it all to the Pizza Generation wrote:

https://pbs.twimg.com/media/Dzetz2yW0AE8Iyt.jpg

Again, not her district but a right wing Twitter account tried to call her out by trying to over-simplify things to say Amazon was buying 25 pizzas with a $10 off coupon & AOC said no you have to pay full price. Her rebuttal nails it. Amazon came in & made huge demands & could not commit to well paid jobs & wouldn't budge an inch.

I agree with the other poster that said it's their loss too. Yes, a lot of jobs are good but how about a company as wealthy as Amazon commits to paying their workers well? The people involved - politicians, activists, community members, etc. - wanted to bargain with one of the biggest companies out there and Amazon was the entity that didn't engage. A company that big + powerful needs to be checked and they said no.

Bozos should go to Chicago. Gov JB, Rahmie, Durbin and Daley III will roll out the subsidies. Unions don’t care who plugs in the wall outlets as long as they get paid for it. Dic pics go over very well in most moneyed neighborhoods. Plenty of folks getting paid not to work already, no need for AOC. Just drop off several environmentally-friendly brown paper garbage bags stuffed with C-notes to the back alley doors of the property tax appeal legal offices of Alderman Burke and Speaker Mike Madigan.

I never quite understoood why people like AOC think that taxes is money that they have some right to. "THeir unpaid taxes hurt us.".........WUT???

Give it up bro. Her rebuttal is just plain dumb. Cuomo and de Blasio made a deal and AOC and friends threw a fit and began grandstanding

Amazon was looking to engage but who the heck can engage with loony politicians who publicly slime you with impunity.

Yeah, maybe Chicago would work for them. Giving them a Midwest footprint.

I assume they liked NY because of the ease of taking a train back and forth to DC where this HQ2 is supposed to be split along with the talent pool.

Again, Amazon screwed this up by making this a pageant of what can you do for me instead of trying to woo the cities a bit.

Anyone not planning to work for Amazon (which would be most people) would just be looking at more traffic and higher housing costs.

Even the city nets more tax revenue, the residents don’t feel they see any of that.

They see more people moving to NY. They don’t want that.

Perhaps Bezos treats his Amazon family about as well as his own wife and children.

L L wrote:

Yeah, maybe Chicago would work for them. Giving them a Midwest footprint.

.

Extra Anchovies wrote:

Amazing that she (or her Social Media manager) plunged into this Twitter trap.

I guess Publicity is more Powerful than Ignorance on Display?

People had some ridiculous idea that NYC Mayor Bill de Blasio was going to hand a check for $1.5 billion over to Jeff Bezos, already the richest man in the world. (That’s complete nonsense.)

The biggest part of the package was a tax credit that would vary based on how much Amazon paid its employees; it was capped at $1.2 billion over ten years. Let’s assume it’s the maximum level– that works out to be $120 million per year. Now, in exchange for that incentive, how much tax would Amazon pay?

In 2017 Amazon factually paid $250 million in state and local tax in Washington, its home state. New York (city + state) tax rates are (of course) MUCH higher than they are in Washington. But even if Amazon’s New York tax bill were just HALF of what it paid in Washington, then New York City would have been recouping more than 100% of its tax incentive EVERY YEAR. That's the easy math.

On top of that, the city would have reaped additional tax revenue from countless other sources. For example, many of the new Amazon jobs would have gone to people relocating to the city. Even if just 10% of the 25,000 workers (earning $150,000 per year) would have become residents of New York, the city would have earned another $12 million per year in individual income tax revenue. Property tax revenue would have been another $20 million per year– JUST on the Amazon campus.

Then there’s the city’s nearly 6% hotel occupancy tax. According to company data, Amazon employees and guests accounted for 330,000 hotel room-nights in the Seattle area in 2017. At roughly $300 per night for a decent New York City hotel, that would have been nearly $6 million in additional annual tax revenue. Again, this is just simple math.

None of this, of course, accounts for the gargantuan, indirect economic activity that would have been generated. Just think about all the real estate agents who would have earned commissions on sales or rentals. Or the waiters and waitresses who would have earned tips at nearby restaurants. Or the countless small businesses that would have benefited. 25,000 Amazon employees would have brought billions in annual disposable income to the city, resulting in tens of millions of dollars in additional tax revenue. Multiplier effects DO exist.....

The company itself estimated that they it generate an average $500 million per year in tax revenue for New York City (just the city!, not counting the State too). Even if Amazon wildly overestimated, and the real benefit was less than half of that figure, New York City would have still earned more than a 100% return on its tax incentive investment. (And that doesn’t even count the non-financial benefits from the primary school Amazon would have helped build, the tech incubator they were planning, parks and green spaces, or environmentally friendly construction.)

This is incredible, even by modern "economics" nutcase standards. To put it all in context, New York City’s pension funds earned an 8.7% return in Fiscal Year 2018. And they’re practically doing a victory lap for knocking out such stellar results. Yet while they’re pumped beyond belief to earn 8.7%, they had a chance to earn literally 100% or more with Amazon.

And New York City wouldn’t have even had to put up much money; remember, the vast majority of the incentive plan was a tax CREDIT, i.e. Amazon would have merely paid less in tax each year to the local government. So in terms of a ‘cash on cash’ return, it was nearly infinite. It’s hard to see this as a bad investment, (but never fear, backwards thinkers will do so anyway).

Yet somehow Socialism won the day.

Ignorant masses, idiotic reporters, and their devious political heroes banded together to thwart prosperity in an endless "Shock and Awe" styled campaign against Amazon until the company finally pulled the plug on New York. What’s probably more revolting is that these people are actually excited. They think that chasing away a near infinite return on investment is a major victory (indeed, in their endless war against the American people).

This is the direction that the country is turning. Your fellow comrades don’t make decisions anymore based on facts. There is no rational analysis. It’s all emotion. They get fired up because (supposedly) a rich guy might benefit. It doesn’t matter that the Amazon deal would have been a much-needed economic boost. They don’t even bother to think. It’s just straight to Twitter. Cue the analysis with Pizza Coupons.

The same people are quick to say that New York doesn’t need Amazon… the city is going to be just fine. Wrong again. New York City is in a bad place financially. The pension is underfunded by about $70 billion, and the city government runs a multi-billion dollar budget deficit EVERY YEAR. And, just a few weeks ago, city officials announced that tax revenues so far this fiscal year were $500 million below forecasts. (blamed on Trump somehow, of course?)

Well isn’t that ironic! New York’s $500 million budget hole is the exact estimate of what Amazon would have contributed each year to the city’s treasury.

Congratulations, comrades. Another victory in your war on prosperity.

Now even some MSNBC Dems are against the fall-out, but only because they fear that now the masks are off, USA people will again reject Socialism/Communism and re-elect Trump 2020.

Limo Liberal Problems wrote:

Now even some MSNBC Dems are against the fall-out, but only because they fear that now the masks are off, USA people will again reject Socialism/Communism and re-elect Trump 2020.

Yep, finally some Dems are finally starting to realize that the "right-wing" push of AOC on social media isn't about her (alleged) youth/beauty or something, but that's she a HUGE liability idea-wise, to even basic common sense. Just as Pelosi is the most-hated politician in USA and (R)s can run against her nationwide, setting up AOC for the same treatment the next 5 decades is a 100%-win strategy.

And, just a few weeks ago, city officials announced that tax revenues so far this fiscal year were $500 million below forecasts. (blamed on Trump somehow, of course?)

Half the 600,000 residents aided by NYC Care are "undocumented immigrants"

DeBlasio is spending around $2 Billion yearly giving illegals free healthcare.

Perhaps in other eras, he could slime the money from feds (one way or another).

Animal Farmer wrote:

[... Oodles of Eminently Correct analysis ...]

Congratulations, comrades. Another victory in your war on prosperity.

Yes, it was a real "victory" for them on Feb 14th. That's how they wish "Happy Thanksgiving" to USA.

The agreement we struck with Amazon back in November was a solid foundation. It would have created: at least 25,000 new jobs, including for unionized construction and service workers; partnerships with public colleges; and $27 billion in new tax revenue to fuel priorities from transit to affordable housing — a ninefold return on the taxes the city and state were prepared to forgo to win the headquarters.

https://www.nytimes.com/2019/02/16/opinion/amazon-new-york-bill-de-blasio.html

Everyone hates AMZN wrote:

https://twitter.com/ProudBulba/status/1096833761981870080

Innovation should be killed and tax us to death.