Posted on 10/08/2017 7:24:17 AM PDT by Kaslin
For a guy who was born in Chicago, Rahm The Tiny Dancer seems to have forgotten all about Motorola and Harvard.
Yes, those are good points from the city/corporate perspective. But then there’s all the ancillary growth from the 50,000 employees. They will be paying taxes, using local suppliers, buying homes and shopping for their local needs.
I can’t remember the exact numbers, but for every $1 a company pays that dollar circulates in the local economy a multiple of x times. Yes, it will be worth it to entice Amazon to bring those jobs to your town. It’s much more appealing than building an NFL stadium at taxpayer expense.
Yes, it's a lesson in CAPITALISM and FREE ENTERPRISE. Too bad it seems lost on so many.
This is disgusting on so many levels.
Businesses getting huge subsidies and deals, while others do not, is not equal treatment under the law.
And how is it fair to make local retailers, often family businesses, to pay taxes to subsidize their competitor who’s vision is their destruction?
Create a town would be a tempting offer.
Could name Streets and buildings after friends and family.
Realistically, I imagine, logistics and a corporate environment are the top priorities.
It’s not quite analogous. Olympics venues are useful for two weeks and afterward might as well be torn down; while an Amazon headquarters will at least have a few years of life in it before becoming obsolete.
Not just the multiplier of 50,000 people it’s new businesses the sell to Amazon that will be locating nearby.....50,000 is just the start
Here are Rahm's presentation points:
Pros: High murder totals will give Amazon do-gooders something to work on; Lots of people moving out freeing up housing; Poor fiscal management keeps Chicago in the news; Good sailing on the lake.
Cons: none
NYS sent $3 bil down the rat hole trying to bribe...er, incentivize business to stay. It didn’t work.
“Not just the multiplier of 50,000 people it’s new businesses the sell to Amazon that will be locating nearby.....50,000 is just the start”
The city of Tallahassee, briefly, had a pro-business administration. They bribed in two international companies to locate here, provide at their peak about 750 jobs, mostly off the welfare rolls. (My those were pleasant people to work with. /s). So the city built the buildings and charged $1 per year rent. The newspaper and the local universities went politically nuts over the deal. But the city, which owns the utilities, charged outrageous power, sewer and water fees; $33,000 per month/each just on power and this was 15 years ago. So the city really did well. New businesses proliferated to serve the companies. They more than paid for themselves. Then, the city’s politics changed and they actively chased businesses away. The people who got hurt were the suddenly unemployed blacks who had been hired off the welfare rolls. Then, lots of ancillary companies went bankrupt and closed their doors too, leaving empty buildings. Of course, the people who did this were not harmed at all. Limousine liberals all.
One piece of advice for these cities bending over to land Amazon: Watch, as the NFL model collapses. Be careful who you hitch your wagon to.
What exactly are these 50,000 employees going to be doing for Amazon anyway -- in a headquarters operation? I think the company is throwing some serious B.S. numbers out there on this one.
Amazon knows the exact number. They will squeeze the winning city until there is nothing left.
Not just the winning city. The state’s taxpayers will be screwed, too.
Or they may be trying to extort Seattle and the WA state gov’t. That’s my bet.
How about countries with two Capitals?
The closest I can think of is a company and a subsidiary in two different locations, and one will always be subservient to the other.
Either Amazon is thinking of corporate suicide (unlikely), or they are really thinking of setting up a subsidiary, or the functional equivalent, to take on some new line of business.
For the same reasons that animals have only one head, companies do not have two headquarters.
He was talking about how it is more appealing to use tax dollars to attract Amazon instead of the NFL. That isn’t hard to understand and it is NOT Capitalism or Free Enterprise.
Or Amazon is attempting to extort concessions from Seattle, its county, and/or state.
It also doesn’t work.
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