Yes
Oddly enough the very same people who thought that Trump meant that Mexico would write a check
Yes
Say it all you want. Nobody is fooled by the backtrack except the base. There is no new NAFTA coming in with new tariffs. Gullible.Billie.jeens wrote: ↑Thu Feb 14, 2019 8:02 pmYes
Oddly enough the very same people who thought that Trump meant that Mexico would write a check
If we don't go back to teaching economics in school again we will soon be Venezuela.
$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.Lemons wrote: ↑Fri Feb 15, 2019 1:44 am$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
Carpy wrote: ↑Fri Feb 15, 2019 6:08 am25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.Lemons wrote: ↑Fri Feb 15, 2019 1:44 am$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
I'm not sure. Ask the AOC supporters who think NYC was writing Amazon a check.Billie.jeens wrote: ↑Fri Feb 15, 2019 7:36 amCarpy wrote: ↑Fri Feb 15, 2019 6:08 am25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.Lemons wrote: ↑Fri Feb 15, 2019 1:44 am
$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
How does that punish wealthy people?
Is there really a gain? There are a ton of tech jobs in NYC (NY's fastest growing sector) so Amazon has three choices when hiring, poach, hire outside of state, hire foreign workers. Poaching is the most cost effective. So if an IT person moves from JP Morgan to Amazon, Amazon gets there $48,000 but NYC doesn't get a change in tax revenue.Carpy wrote: ↑Fri Feb 15, 2019 6:08 am25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.Lemons wrote: ↑Fri Feb 15, 2019 1:44 am$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
So, increasing the tax base is a bad thing?msb64 wrote: ↑Fri Feb 15, 2019 8:17 amIs there really a gain? There are a ton of tech jobs in NYC (NY's fastest growing sector) so Amazon has three choices when hiring, poach, hire outside of state, hire foreign workers. Poaching is the most cost effective. So if an IT person moves from JP Morgan to Amazon, Amazon gets there $48,000 but NYC doesn't get a change in tax revenue.Carpy wrote: ↑Fri Feb 15, 2019 6:08 am25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.Lemons wrote: ↑Fri Feb 15, 2019 1:44 am
$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?
Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
People don't like to commute, so there probably would be an increase is demand for housing in Queens but currently that is predominantly zoned single family residences and currently that housing is relatively inexpensive. In order to accommodate the "new" employees, Queens would have to rezone that area to allow for cluster housing/high rise. They would also have to invest in the schools, transportation, road ways, etc.
I don't know if it would have been worth it or not but I just wanted to point out that it's not as simplistic as the numbers you posted above.