I have no skin in the game over Amazon's decision I live on the other coast. But generally speaking I am against this kind of subsidy and especially for a company like Amazon and in a city like New York. If they cannot attract businesses based on their large base of people to serve and labor to draw from then they have other problems to deal with. I see the Amazon deal as something more symbolic - losing the deal exposes NYC and NYS as a difficult place; winning it would have probably attracted new investment in services and satellite businesses serving Amazon.
I don't know the details of the subsidy exactly but $3 billion upfront for $400 million a year starting in 2023 may not be such a great deal. I have read that 50% of New York City tax revenue comes from 1% of the residents. If true, then perhaps the civic leaders are afraid losing such a deal has exposed their charade. They cannot keep going if they are that far out of balance, they will end up having to kowtow to all the wealthy people just to keep them from moving away. Let's see if/how the SALT deduction changes have an effect.
I think Occasional Cortex has signed her own political death warrant with the Amazon debacle. She makes new enemies every day, and shes already made MANY enemies in New York, almost all of whom are Rats.
She will soon learn shes not invincible.
I think Occasional Cortex has signed her own political death warrant with the Amazon debacle. She makes new enemies every day, and shes already made MANY enemies in New York, almost all of whom are Rats.
She will soon learn shes not invincible.