[DeathBeforeDishonor1]

Any business or finance person knows what Ocasio did was unforgiveable. She blew a billion dollar deal.

She now has two mortal enemies in Cuomo and DeBlasio. I guarantee they are furious.

In addition she pissed off the unions who would have had construction work and periphreal business and jobs

AND
Im sure she pissed off the New York mob.

Cuomo and Deblasio are better connected and I guarantee there is a payback coming for the Puerto Rican Princess.

[monkeyshine]

I've said that I would lay money that in 2020 they gerrymander her district in the attempt to remove her from office over this. She won because she out hustled the incumbent in the primary, but only around 13,000 people bothered to show up for the D primary! In the general just having the D next to her name meant she would win the seat. It's very bizarre, to win by default and apathy of the voters.

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.