Peter Brown wrote: ↑Mon Sep 21, 2020 3:11 pm
I'm no fan of deals to attract companies, but that is not and was not AOC's beef...AOC simply hates capitalism, full stop.
That said, your analysis is one-dimensional.
Amazon would have generated $27.5 billion in state and city revenue over 25 years, a 9:1 ratio of revenue to subsidies
Great. So then you'd give every business in NYC a 9:1 ratio of tax revenue to subsidies? Nope. Of course not. Amazon is the only business in the history of the world that has employees who go out for lunch at a local restaurant.
You don't get it. Every business has employees that shop, eat, etc. in the community, Pete. Amazon isn't some magic company.
Give every business the same deal.....or stop complaining that AOC is anti capitalist. YOU are the one who thinks Amazon should pay lower taxes because you think they're magic.
I told you this before, and cited this for cradleandshoot last year. In 1980, before guys like you came along, and sold politicians on the idea that corporations need tax breaks "because they make up the lost tax money somewhere else"? Corporate tax made up 60% of NYSTate revenue, and citizens' taxes made up about 20%.
Fast forward to 2020? It's reversed. Now citizens make up 60% of tax revenue, and Corporate tax makes up just 20% of total NYSTate revenue.
Pretty simple stuff Pete. You're selling trickle down economics. And as you've been told again, and again and again: what "trickle down economics" REALLY means is that multinational corporations are peeing on the common man. And you folks just keep asking for more, and yet gee whiz golly, can't figure out why taxes in NYSTate for regular workers are so freaking high.
They're high because corporations stopped paying their fair share. So Amazon gets a pass, and some poor barber who owns a shop in Rochester gets to pay their share for them.
Wake up. Stop doing this.