[USFRIENDINVICTORIA]

She does have a point about the corporate welfare (3 giga-bucks in tax breaks).

[Ancesthntr]

“She does have a point about the corporate welfare (3 giga-bucks in tax breaks).”

---

No, actually she doesn’t. She doesn’t understand that those tax breaks will employ 25,000 people, who will:

1) Earn pretty good money, which will produce tax revenue for NYS and NYC (not to mention the fed.gov, of which she is a part);

2) Spend most of the rest of that money which, via the multiplier effect, will produce TONS of economic growth (and, thus, tons of extra taxes for NYC, NYS and the feds); and

3) that more services will be necessary to the lives of those people - such as clothing stores, gas stations, grocery stores, auto dealers, restaurants, etc., etc., etc.

The simple fact is that anywhere a company as large as Amazon goes, it is GOING to get tax breaks...because the economic growth that they MUST bring to that area will much more than offset those initial breaks. Oh, and those breaks are simply “we won’t collect those taxes that you would otherwise generate IN THE FUTURE” - IOW, there is no actual expenditure of those funds.

[Mariner]

“She does have a point about the corporate welfare (3 giga-bucks in tax breaks).”

Effin’ barely.

All NY is doing is forgoing the collection of revenues directly from Amazon. EVERYONE else (supporting business/enterprise, Amazon employees etc.) will pay big. As will everyone/everything that supports them.

The average salary of those 25,000 new employees will be $100+K per year.

That is $2.5bil PER YEAR in new income for this Congressional district. That’s enormously beneficial no matter what else occurs. Every small business and every public service in the district would feel a very big, positive impact immediately.

And this stupid, commie b!tch p!ssed it all away.