OANN just did a great segment (Liz Wheeler, Tipping Point...I love her!)....on what the Amazon ‘deals’, in NY and VA are REALLY costing the residents of these states.
Quick example....for what they threw at Amazon....NY state COULD have reduced CORPORATE tax rates by 5.42% and offered road maintenance, for three years.
In VA....crazy....reduced the corporate tax rate by 45% and offered four years of road maintenance.
Think of all of the business that those lower tax rates COULD have brought into these states/communities...rather than just cater to Amazon...who lobbies DC for higher minimum wage, pilfers the USPS (by subsidizing with OUR tax dollars) and, in reality....lowers the standards in communities they move in to.
If Amazon had moved to TX, the cost of land would be cheaper, no state tax, and the cost of labor would be cheaper. They wouldn’t need all those tax breaks, but I guess if NY & VA were stupid enough to hand them out, then why not take them.
Does OANN cost you about $5 a month? I keep submitting the request to Time Warner/Spectrum, but they haven’t added it to the line up.
NY politicians know that a lot of that give-away will come back to them from Amazon in the form of campaign contributions and various jobs and contracts for political supporters, relatives and friends.
If the John Doe working taxpayer ends up as the loser - so what?
“Think of all of the business that those lower tax rates COULD have brought into these states/communities...rather than just cater to Amazon...who lobbies DC for higher minimum wage, pilfers the USPS (by subsidizing with OUR tax dollars) and, in reality....lowers the standards in communities they move in to.”
I’m sure the mom and pop stores could have used that sort of advantage. Seems like it should be illegal to cater to just one hugd company, it’s like encouraging a monopoly.