Government subsidized employment for the largest company in the world in a city without an employment problem (but with a transportation and housing problem) isn’t capitalism
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An organized bidding process in which 100s of cities willingly bid on the ability to bring Amazon in is indeed capitalism. NYC didn't have an employment problem. They still saw it as a positive npv investment. What am I missing that's bad?
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Check the details: the city and state started out with $0 of tax revenue from HQ2. According to Governor Cuomo (admittedly a proponent of the deal) Amazon would have paid $27.5B in state and city taxes over 25 years, net of the $3B in tax credits. Now they’re back to $0 in taxes.
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Is it vulgar for Amazon to ask for a tax break? Sure. Did they get “$3B from public funds?” No
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Every Chinese local government is competing to have tech startups and enterprises set up HQs/offices in their city/province.... I don’t know who is socialist now
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