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1/6 The "Amazon tax revolt" is a symbol of a greater political paradox that is now haunting corporate America.https://www.wsj.com/articles/amazons-seattle-tax-revolt-11572209235 …
2/6 For most of the postwar era, big business curried favor with free-market Republicans and moderate Democrats to enact lower taxes domestically and free trade internationally. By the Clinton administration, this had become the bipartisan consensus.
3/6 But in the past few years, corporations, especially on the West Coast, have abandoned conservatives and started to cater exclusively to urban progressive culture—with woke sneaker ads, overt political peacocking, and even boycotts of conservative states.
4/6 Here's the problem: while corporate America believed it could appease the left with cultural signalling, they failed to see that the left is ultimately driven by an economic vision that is incompatible with the low-taxes/free-trade framework that has led to their sucess.
5/6 So now, the paradox: corporate America has revealed its contempt for conservatives, while failing to appease progressives who still want to tax, break up, or nationalize the largest companies.
6/6 Amazon, which built a glittering urban campus of 40,000 workers in the heart of downtown Seattle, might now find itself at the mercy of an activist local government that can wreak havoc on the company. We'll see what happens on November 5th.
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