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New York Mayor Says Amazon Headquarters Debacle Was 'an Abuse of Corporate Power' (cnn.com)
New York Mayor Bill de Blasio is still upset that Amazon isn't coming to New York. De Blasio attacked the company Sunday for canceling plans to build a second headquarters in Queens last week. From a report: "This is an example of an abuse of corporate power," de Blasio told NBC's Chuck Todd on "Meet the Press." "Amazon just took their ball and went home. And what they did was confirm people's worst fears about corporate America." He made similar comments in a New York Times op-ed Saturday. Amazon canceled the deal just months after announcing plans to split its new, second headquarters between New York and Virginia. The Seattle-based company, which is trying to grow its footprint at home and abroad, spent a year reviewing hundreds of "HQ2" proposals from all over North America before settling on the two regions.
[...] On Sunday, de Blasio, a Democrat, said New York offered Amazon a "fair deal," and blamed the company for making what he called an "arbitrary" decision to leave after some people objected. "They said they wanted a partnership, but the minute there were criticisms, they walked away," he added. "What does that say to working people that a company would leave them high and dry simply because some people raised criticisms?"
[...] On Sunday, de Blasio, a Democrat, said New York offered Amazon a "fair deal," and blamed the company for making what he called an "arbitrary" decision to leave after some people objected. "They said they wanted a partnership, but the minute there were criticisms, they walked away," he added. "What does that say to working people that a company would leave them high and dry simply because some people raised criticisms?"
To a corporation from a New York democrat? My sides.
"Eve of Destruction", it's not just for old hippies anymore...
This is not true, except in the sense that all corporate profits are ultimately from consumers.
Taxes are paid on profits, not on revenue. If you forced Amazon to pay taxes, and they had to accept $8 billion in after-tax profits instead of $11 billion, what are they gonna say, "No, we don't want $8 billion"?
The notion that corporations pass income taxes on to consumers is not supported by any data whatsoever.
You are welcome on my lawn.
Look at my big surprised face.
Now just watch the other businesses that supply the Other People's Money that prop up de Blasio's bourgeois socialism start to decamp to less crazy jurisdictions and New York will be right back where it was in the 1970s: broke, crime-ridden, and ready to elect Republicans again.
Taxes go up by 20%, so they put their prices up by 20%, right? Wrong! If the market would bear it, they'd already be charging the higher price.
If taxes went down would they drop their prices because Uncle Fester would be going "Hey folks, we've already got enough"?
Confucius say, "Find worm in apple - bad. Find half a worm - worse."