قالب وردپرس درنا توس
Home / Business / Amazon calls the socialist bluff

Amazon calls the socialist bluff



F months of complaints from the progressive policemen who govern the local policy of New York City, Amazon CEO Jeff Bezos, suddenly interrupted plans to open the online retailer's new headquarters in Queens.

Amazon had spent more than a year looking for the location of his new headquarters, baiting cities across the country to fall over himself and leaving ridiculous promises to get Amazon's 50,000 jobs. The tech giant eventually split his new HQ between New York and Crystal City, Va. The New York welfare package was particularly great, terribly so.

No one was so vocal in trying to make the company's gigantic shy as socialist superstar rep. Alexandria Ocasio-Cortez, D-N.Y. She lambasted the company's "creeping overreach." And in a way she took the same thing since we had. But we had argued on behalf of taxpayers all over the New York State, who were held hostage, so that Gov. Andrew Cuomo and Mayor Bill de Blasio, both Democrats, could show up for the cameras.

On the other hand, Ocasio-Cortez argued against the economic development of a region of Queens abutting the congressional district. Along with other naysayers as state secretary Mike Gianaris, D-Queens, she attacked Amazon to bring in many jobs, which could create higher living standards in the area and perhaps even inflate housing costs.

It is strange that the direct recipients of the company's welfare should complain. But it's ok, there are 1

00 cities out there, ready to welcome you Amazon.

"While opinion polls show that 70 percent of New Yorkers support our plans and investments," Amazon explained in a statement on Thursday, "a number of state and local politicians have made clear that they oppose our presence."

Of course, Ocasio-Cortez and friends have taken a festive round on Twitter and with the press to smooth. But they are mostly revealing the financial flaws behind their thinking. Ocasio-Cortez, for example, told the press that if New York was willing to "give away $ 3 billion for this deal," then those investments could be used to hire teachers or repair the subway.

Except that is not how the refundable tax credits work. The loss of Amazon only saves New York about $ 325 million in cash grants that were destined for Amazon. The rest of the incentive package consists of tax savings that Amazon will not realize, money it would not have to pay, it had set up store and paid about $ 10 billion in taxes over the next two decades.

The total package negotiated for Amazon, as unfair as it was for other companies and hard-working, less wealthy taxpayers living up and not taking advantage of the agreement, would still give New York a net tax revenue increase that could have been spent on a progressive wish list. For socialists who want higher wages and more tax revenue to spend on their "green dreams", the Amazon agreement could have lured them. It could also have been a political crowd-pleaser, as more than 25,000 New Yorkers would have received jobs with an average salary of more than $ 150,000.

Finally, the termination of this agreement is a win for everyone. The socialists are going to crow to keep their neighborhoods poor. New York's taxpayers don't have to pay Jeff Bezo's exorbitant amount to do business in their state.

And, after learning his lesson on managing socialists, Amazon may also benefit if, instead of seeking out special dividends, in the future it seeks to create jobs in low-tax states with labor-intensive protection and a friendly (f, b) , e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n. call method?
n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n;
n.push = n; n.loaded = 0; n.version = & # 39; 2.0 & # 39 ;; n.queue = []; t = b.createElement (e); t.async = 0 !;
t.src = v; s = b.getElementsByTagName (e) [0]; s.parentNode.insertBefore (t, s)} (window,
document, & # 39 ;, & # 39; // connect.facebook.net/en_US/fbevents.js');
fbq (& # 39; init & # 39 ;, & # 39; 224132531296438 & # 39;);
fbq (& # 39; track & # 39 ;, & # 39; PageView & # 39;);

Source link