This is wrong, even if legal. The politicians take your money to bribe companies to locate there, and then the politicians crow about what they did for jobs.
Your money being spent.
Of course, they won’t give you a cent to locate your small business there.
There’s no Welfare Queen like a Corporate Welfare Queen.
Crony-capitalism and asinine political central planning at its finest.
I run a small business - no one ever offered me tax breaks or subsidies to hire people. I have no lawyers or consultants who can shmooz government officials.
“Your money being spent.”
Ludicrous.
They don’t expend a single penny. They just forgo tax collections for a time.
Whatever city wins this will be economically transformed. And culturally too, for better or worse.
You’re right. All the tax breaks negate or exceed any benefits.
A discrimination suit should be filed by small business owners and also the people living in that city or county.
Imagine if the site allows 700 employees. What is 7 billion dollars? That is 10 MILLION per employee!
Assume that the most the site is expected to last before moving again is 10 years.
That’s 1 Million per employee! for 10 years!!
Assume high paid employees at $150,000 salary each, time two for the corporation cost = $300,000 cost, that means that we are PAYING amazon $700,000 per employee, for 10 years!!
How is this not an illegal bribe? where is Bernie Sanders and all the other social warriors? where is antifa? Hypocrites, all of them.
This is theft from the middle class that pays taxes in that county and redistribution of the stolen amount to one of the richest companies in the world.