Amazon opts out of building New York City headquarters

[Billie.jeens]

Do people actually think NY was going to write Bezos a check?

Yes

Oddly enough the very same people who thought that Trump meant that Mexico would write a check

[Lemons]

Do people actually think NY was going to write Bezos a check?

NYC doesn’t need the internet version of Walmart. Doesn’t matter how they get their $3 billion. Does it have to be so literal?

[Lemons]

Do people actually think NY was going to write Bezos a check?

Yes

Oddly enough the very same people who thought that Trump meant that Mexico would write a check

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]

Do people actually think NY was going to write Bezos a check?

If we don't go back to teaching economics in school again we will soon be Venezuela.

[Lemons]

Do people actually think NY was going to write Bezos a check?

$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]

Do people actually think NY was going to write Bezos a check?

$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.

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.

[Billie.jeens]

Do people actually think NY was going to write Bezos a check?

$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.

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.

How does that punish wealthy people?

[Carpy]

$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.

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.

How does that punish wealthy people?

I'm not sure. Ask the AOC supporters who think NYC was writing Amazon a check.

[Deleted User 276]

Do people actually think NY was going to write Bezos a check?

$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.

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.

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.

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.

[Carpy]

$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.

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.

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.

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.

So, increasing the tax base is a bad thing?