SCLaxAttack wrote: ↑Fri Feb 15, 2019 3:15 pm
Get your calculator out, 6ft. The tax break was for 25,000 jobs at an average $150,000 income. That’s a $3.75B annual payroll.
I’m not saying it’s right, but I bet CO would give afan a whopping tax break if he had that type of annual payroll, and the small business owners around his plant/s would kiss his feet.
This math and underlying logic is just flat out wrong.
Let me explain to you the flaws in the logic you're using here.....and the NY Dems, too, who tried to sign this stupid deal.
25,000 jobs. From Amazon. Tiddly winks. A nothing burger. Want a real number?
8,000,000. There are roughly 8,000,000 private jobs in New York State.
What you---and everyone else, apparently----are selling here is that it makes sense to let a company that employs a piddly 25,000 people.... pay no taxes, and yet all those thousand of companies who employ 8,000,000 people should not only pay their full tax share to the government, they should also pay the taxes for all the lost revenue from the piddly 25,000 employees from Amazon.
I don't understand why people think like this.
In addition, when folks try and use the insane argument that "a large business brings in other economic benefits", it forgets two things. One, ALL businesses bring in ancillary economic benefits. And two, and this is the big one---they forget the infrastructure stress that all companies put on the tax base.
In other words, does Amazon get police protection? Or snow removal from streets? Or access to courts? Or access to clean restaurants inspected by the .gov? Or road repairs for the increased traffic? Or access to schools? Or increased wear and tear on all government assets?
Yes, right? So in what world does it make sense to bring them here, and NOT have them pay for these services? Because who gets stuck with that tab? That's right: the 8,000,000 workers in NY State do.
The ONLY place this makes sense is that politicians, mostly Dems in NYState, get big fat campaign checks for these corporate handouts. That's it. Period. The rest is screwing over all the other people and businesses in NY.
If you think it's so important to attract business, that's totally cool: lower ALL the taxes for ALL businesses. Or eliminate them altogether, and stick the citizens with epic property taxes. I'm sure they'll LOVE that.