Wait this is your argument? Yeah no **** they would, but another 25,000+ people won't be now
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The other hilarious argument is "oh good now that 3 billion can go to the schools, police, firefighters, etc..."
No actually nobody gets anything now
But I thought the argument was that those people who got those jobs would be New Yorkers from the local area. Are the people that would benefit from the giveaway part of the existing community? Or are they going to be transplants to the community and price existing people out of the job and housing markets?
Heh, you and I both know why the 7 train is exploding in terms of how crowded it is.. A large Hispanic population in that area. And no disrespect but my cousin lives in Jackson Heights and I know it sounds discriminatory but they are very rude on the trains and constantly shove. I can't imagine taking the 7 train. Good thing it is a ten minute drive from where I live.
So the truth is stereotype to you? My cousin takes that train ride every day to work and since it's the closest line to her home. Hispanic population in NYC is most dense in Queens. How is this stereotype? It's literally statistics. Throw every name or label you want at me. Notice you said "used to" and "rode." When was the last time you rode it? Do you want a picture next time of the racial demographics? I can have that sent to you on Monday, sir. And no, I don't keep a racial chart of who rides which train. It's just a common fact Hispanics are mainly in the Jackson Heights, Corona, etc., area, Asians are mainly in Flushing/Chinatown/Brooklyn, and Indians are next to Jackson Heights as well. What other names you got?
Your last paragraph is an important thing to note. Even though tax incentives aren’t taxes refunds in the sense the city is paying them the money. It is lost revenues that maybe other companies would come in and fill the void for.
For example if Amazon didn’t choose Virginia, google and other companies were vying to get in there as well. It turns out that google is still going to expand in Va. but you have to look at the other side of cost benefit of other companies mitigating these jobs by taking their space up.
That said, I’m excited for Amazon to come to crystal city, Va. But I hate corporate welfare and believe it should be outlawed. I can kind of see why NY backed out. Their subsidies were a high multitude greater than what Va gave them to come.
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That’s not necessarily true. Other businesses can still step in. Businesses that would pay full taxes. There’s still cost benefit analysis to be done. But people saying it’s a tax incentive and not addressing that offset are being either disingenuous or ignorant as well.
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You did a spectacular job of completely missing the point in my posts. Bravo.
It’s not just as simple as less revenue or no revenue.
Though granted, it would be hard to mitigate that sheer number of jobs from a revenue perspective
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Your point is just weak so there wasn't much to respond to. But if you want, I'll highlight them:
1) Of course Virginia offered less incentives.. It's much cheaper to hire talent in Virginia. Those jobs aren't going to be $150k jobs that Amazon said were on average what was to be paid for workers in their NY HQ. When Amazon pays employees $150,000, they do so because they have to offset the tax for the workers. NY charges an insane amount of taxes relative to Virginia. Living expenses are not even comparable. You have a better chance of comparing Virginia to a third world country than to NY. Then we talk about property taxes and all that other fun stuff such as legal fees (higher in NY due to the amount of people being that congested into the area causing any type of disturbance) and you're dealing with a vastly superior market in one of the most expensive locations in NYC.
2) Which other companies? Wall Street isn't called Wall Street for no reason. NYC is known as the Financial Capital of the world because it attracts the best in that field. The reason Sillicon Valley has had a gridlock on many tech talent is because they are in high demand and it's easier for tech companies to hire via from other companies or local talent due to the amount of people specifically getting computer science degrees to work for these tech companies. People in NY aren't studying computer science. If you have noticed, there aren't many great schools for that in NY. Why? Because it doesn't make sense locally. Meanwhile, California has an abundance. Coincidence? Similarly, Amazon coming here would mean talent attracts talent. Companies would follow suit because more people in the tech field would exist around NY locally and academically. It becomes a culture shift. Use the California Gold Rush for reference. You go to where everyone else is and Amazon would most definitely have set precedent. Which businesses are you referring to? Because that's all assumptions.
3) Corporate welfare? This is hardly that example. Used in the wrong context, you can manipulate anything as corporate welfare. Both sides can benefit from this. Amazon wants to take on less risk and the tax incentive would allow them to take less of a burden initially so they can focus more on reinvesting into their business. You also have to define what exactly corporate welfare is in general. Must you know, states were BIDDING for Amazon. They bid because they see the value it can bring (when it is not corruption-based). I'm sure Amazon has lobbyists but that really doesn't apply here. They aren't asking for cash up-front nor are they asking for tax incentives for their wealthy. They are asking for a tax incentive that would allow them to recover their initial investment to construct the building. You know, the building that will cost billions? Forget about just states bidding on Amazon. COUNTRIES are bidding on Amazon. And that's what you seem to forget. It isn't corporate welfare as much as it is a business transaction in which both sides win. It seems you just package any incentive a company gets and call that welfare without realizing that this happens in the real world with individuals, poor or rich. Business is business.
Both your points are assumptions. Amazon coming here was a huge deal and would help NYC. The arguments against it simply does not outweigh the rewards from it. You keep assuming these things. Where are the companies that are coming to NYC from the tech sector? Hoping is different from actual results. Amazon is a huge player and would have attracted other talent, period. Anything of the contrary doesn't help your case here. Assuming other companies will always come at the same magnitude is a lie. It's why this made national headlines. Because Amazon coming into NYC is a HUGE deal. And we blew this one.