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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?"

191 of 411 comments (clear)

  1. Tax is for the little people by youngone · · Score: 5, Insightful

    Amazon don't want to pay tax. They want to profit from doing business in a developed country. They just don't feel the need to help pay to maintain one:
    $11.2 billion in profits means you pay -0.1% federal tax. Nice.

    1. Re: Tax is for the little people by illiac_1962 · · Score: 3

      The problem is that you expect them to pay tax. Just embrace the reality that they should not and you will be better equipped to deal with this. All the taxes get passed on to workers and customers anyway. Do we want to tax corporation or people? You can't do both! It's like trying to get more energy from a circuit by changing where to connect the wires. Silly, it's all coming from the same battery.

    2. Re:Tax is for the little people by cruff · · Score: 5, Informative

      The notion that corporations pass income taxes on to consumers is not supported by any data whatsoever.

      Really? Any sanely run corporation must pass on all costs to the customers or eventually go out of business.

    3. Re:Tax is for the little people by Darinbob · · Score: 1

      This isn't GOP garbage, this is cold hard facts that most large businesses do not pay their fair share of taxes on their profits. Any loophole or shelter they can find is used. This is not looked down upon or even hidden, this is considered normal business procedure. The more money you make, including corporations, the easier it is to find ways to avoid paying taxes. This isn't even a matter of flat-rate tax or similar suggestions, the problem is that there are so many ways to just avoid tax.

      Municipalities try to find ways to get some tax just to cover the costs of making an infrastructure for these large corporations, which in turn causes these corporations to become offended and try to find a second headquarters or even move overseas because they have an attitude that any tax is an unfair tax. They do play a nasty game though of claiming to bring in jobs and that hypnotizes so many municipal lawmakers into making bad deals that cost more revenue overall. Corporations will *always* lie about the expected number of workers. Some of these companies even manage to fool the feds or the president.

    4. Re: Tax is for the little people by Darinbob · · Score: 5, Insightful

      The part where the profits are increased because government taxes went and paid for infrastructure that they depend upon. Ie, water and sewage for their workers, roads so that workers can arrive at the plants, railroads and bridges so that their goods can be shipped out, a court system so that they can make use of a legal system when they have disputes, police and military to protect their real estate and workers, etc.

      Companies do not make money in a vacuum, governments are a vital part of doing business. When a large corporation pays 0% in taxes then they are essentially free-loading off of everyone who does pay tax. Even the most staunch capital-L Libertarian will agree that this is unfair.

      And don't say "comrade" as if paying taxes were synonymous with communism, that just makes any argument you had look stupid.

    5. Re: Tax is for the little people by Darinbob · · Score: 1

      "Should" not is wrong here. Corporations make great use of government services. We don't have a system that directly applies fees to infrastructure (such as dollars per mile spent shipping products on roads) then they should be paying their fair share of the load that creates infrastructures and services that they make use of.

      When they make tons of profits and the workers are barely making ends meet with diminishing salaries, why is it more appropriate for citizens to pay taxes rather than corporations?

    6. Re:Tax is for the little people by Hognoxious · · Score: 1

      So, where do you think those profits go?

      People's salaries, which get income taxed.

      I would say that you failed accounting 101, but I doubt you even took it.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    7. Re: Tax is for the little people by Anonymous Coward · · Score: 3, Informative

      If you utilize the services that those taxes pay for (roads, planes, electricity, etc etc etc) then it is both immoral AND unethical to not pay your taxes.

    8. Re: Tax is for the little people by sjames · · Score: 1

      So if I were to say evade the grocery store's food tax, that wouldn't lead you to question my ethics?

      How about if I just trick the cashier into putting my steak on your tab? (hey, somebody's gotta pay for it and somebody did so it's all good, right?).

    9. Re:Tax is for the little people by sjames · · Score: 3, Interesting

      Personal income taxes just end up being paid by hard working corporations. If I have to pay taxes out of my income, I buy less stuff and corporate profits go down.

      So do the right thing and abolish personal income tax. Do the right thing and let the corporations pay their taxes out of their profits.

    10. Re:Tax is for the little people by smoot123 · · Score: 1

      Corporations don't pay taxes period, that's just the cost of doing business. You, the consumer, are the ones paying the tax.

      I'm with you, corporations don't pay taxes. Or more specifically, corporations don't feel the pain of taxes because a corporation is not a human. But I don't think it's a given that consumers bear the burden.

      Here's how I think about it. You're going to collect taxes and those taxes are ultimately going to come out of someone's pocket. That person will now have less cash to spend on things they'd like to spend on. This is the true cost of a tax.

      Now, who will that person be? It will depend on a lot of specifics. The corporation could lower its dividend, thus paying the tax out of its profits. That will affect the investors and they'll bear the burden. The corporation could raise prices. It could avoid giving employees raises. It could switch to buying less expensive inputs and push the burden onto suppliers.

      One could imagine experiments where you try to tease out which of these happens in practice. The entire practice of microeconomics is basically focused on this question. I don't know if anyone has succeeded at this and I don't know of you can deduce any broad generalizations.

    11. Re:Tax is for the little people by Hognoxious · · Score: 1, Troll

      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."
    12. Re: Tax is for the little people by youngone · · Score: 1, Insightful

      The problem with expecting the tax load to fall on everyone but the very wealthiest, is that when that idea has been tried, it ended in a succession of wars: here's an example.
      One of the revolutionary demands was equality before the law, as in many monarchies in Europe the nobility were the only ones electing the legislature, and paid no tax. Bloodshed ensued.

    13. Re:Tax is for the little people by Kohath · · Score: 1

      No one wants to pay much tax. The only people who say they want to pay higher taxes actually want to tax others so they can spend others' money on their own priorities. They're willing to kick in a few dollars so they can spend 10000x as much more money they didn't earn.

      So yeah, like anyone, Amazon doesn't want to pay much tax. They don't get a lot of valuable services in return.

      (And replying in advance to the usual dumb responses: their delivery vehicles pay plenty of fuel taxes for the roads they use, their buildings pay plenty of property tax for the local fire departments and police departments. They also pay their local water and sewer bill and their employees pay tax for their kids' schooling. I saved you from posting the usual, phony nonsense about local government services: they pay for those.)

    14. Re: Tax is for the little people by Kohath · · Score: 2

      - Amazon's delivery drivers pay fuel taxes for roads.
      - Amazon's buildings pay property tax for fire and police protection.
      - Amazon’s buildings pay sewer and water bills and electricity bills just like everyone else's.
      - Amazon's employees pay income tax and sales tax and property tax for their kids' school.
      - Amazon pays payroll taxes just like every other employer.

      They pay for the services they get. Most of the rest goes for government giveaways.

    15. Re: Tax is for the little people by mlyle · · Score: 2, Insightful

      > Most of the rest goes for government giveaways.

      Like the $1.2B in refundable tax credits that Amazon demanded to move to NY, and $500M in capital grants to build facilities with. It takes a long, long time of a couple percent of property tax to pay these things back, let alone pay for the services they're consuming in the meantime.

    16. Re:Tax is for the little people by Kohath · · Score: 1, Insightful

      The problem is, even with your fanboy defense of corporate tax fraud, you are still paying taxes. They aren't.
      Focus on changing the laws so YOU pay no taxes. Don't worry about fighting their fight. They have deeper pockets and more lobbyists than you.

      They won't be charged with fraud. Because they didn’t commit any fraud.

      If liars can lie about Amazon, liars can lie about me or anyone else. If taxers can loot Amazon, taxers can loot me or anyone else.

      No one is safe until we are all safe.

    17. Re: Tax is for the little people by sjames · · Score: 1

      You're preaching to the choir here. My questions were to someone who doesn't think it's immoral or unethical to evade taxes.

    18. Re: Tax is for the little people by ChrisMaple · · Score: 1

      "Maroon" is a racial slur.

      --
      Contribute to civilization: ari.aynrand.org/donate
    19. Re: Tax is for the little people by ChrisMaple · · Score: 1

      The social contract has been broken by governmental greed. It's time to void and reinstate a new contract while seizing stolen assets from the governmental thieves robbing society.

      FTFY

      --
      Contribute to civilization: ari.aynrand.org/donate
    20. Re: Tax is for the little people by WatchMaster · · Score: 1

      Amazon is paying all of the tax that they are required to by law. Whiners should be talking to their lawmakers, not criticizing Amazon for following tax laws.

    21. Re: Tax is for the little people by sjames · · Score: 1

      IF they pay those taxes, sure. But if they get a sweatheart "tax break", then no.

    22. Re:Tax is for the little people by kenh · · Score: 1, Insightful

      Amazon negotiated a 10% discount on an estimated $30 BN tax bill over the first ten years of the new HQ2/2, while the economics major AOC focused on the loss of $3 BN in tax revenues, she completely missed the net $27 BN in new tax revenues the project would bring to NY State, NY City and the residents of Queens.

      Congratulations, now the Democrats are railing against Job Creation!

      I like how Mayor De Blasio has decided to try and insult Amazon into returning to Queens.

      As Amazon said, they were looking for a partner, they found arguments, and lost interest - they went to Plan B, which is to further build-out their Virginia and Tennessee locations instead. If De Blasio has a problem with Amazon pulling out, he should take it up with Notorious A.O.C., the new face of the Democrat Party (according to the head of the DNC).

      --
      Ken
    23. Re:Tax is for the little people by kenh · · Score: 1

      Do you understand how they did that? With deferred tax credits from previous years AND credits for executives exercising their stock options. Every dollar in corporate taxes saved due to Executives exercising stock options is more than offset by the personal income taxes paid at the much higher rate of 37% as opposed to the much lower corporate income tax rate.

      Sorry, but all major corporations do this - tell me about all the taxes Facebook pays, GE, etc.

      --
      Ken
    24. Re:Tax is for the little people by ChrisMaple · · Score: 1

      Taxes are paid on profits, not on revenue.

      Sales tax, property tax, VAT, inventory tax....

      --
      Contribute to civilization: ari.aynrand.org/donate
    25. Re: Tax is for the little people by kenh · · Score: 1, Informative

      Amazon is doing nothing unethical. Period.

      Amazon pays every penny it is required to, by the current tax code as written by your elected representatives - I'm sorry if the actual tax code doesn't match your imagined version of the tax code. If you want to eliminate corporate deductions, be prepared for the fallout.

      --
      Ken
    26. Re: Tax is for the little people by HornWumpus · · Score: 1

      I own three atom bombs, one is thermonuclear.

      Only you, required me to say I was sometimes full of shit. That's because you are a moron. I also don't actually run a 1kW linear on my phone.

      I did vote for Vermin Supreme, but you've convinced me to vote Trump next round.

      Evading taxes is 'As American as apple pie'. Everybody does it. Some people lie about it.

      I only wish you were better at trolling. What you do is just lame.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    27. Re: Tax is for the little people by kenh · · Score: 4, Insightful

      Amazon entered into a 10 year deal with the City and State of New York, and over those ten years they would have paid an estimated $30 BN in various taxes and fees. Instead, NY City and State agreed to 90 cents on the dollar, AKA $27 BN over the next ten years to lure Amazon to Queens. So AOC & Friends didn't "save" NY city and state $3 BN, she cost them $27 BN in new tax revenue.

      25,000 new jobs for a 10% discount on taxes, seems like an OK deal to me, but then again, I'm not an economics major like AOC is.

      --
      Ken
    28. Re: Tax is for the little people by kenh · · Score: 3

      In New York City, the top 1% pay about 46% of all income taxes collected in New York State - that's per Gov. Cuomo. After recent tax changes, the rich are leaving New York State, and already the state is running a $23BN tax shortfall, about a 3% deficit so far this tax year.

      Yea! Tax the rich! What are they gonna do, leave? Well, yeah, they will.

      BTW, we tax INCOME, not WEALTH.

      --
      Ken
    29. Re:Tax is for the little people by kenh · · Score: 1

      Amazon lowered it's tax obligation by giving employees generous stock options, which, when exercised, gave Amazon a great write-off and transferred the tax obligation to the employees that pay a higher rate on their income than the corporation.

      Amazon transferred it's tax obligation to it's employees, just as provided for in the tax code your elected representatives wrote. Don't like it, take it up with your elected officials.

      --
      Ken
    30. Re:Tax is for the little people by kenh · · Score: 1

      Amazon is complying with the current US tax code as written, they have no obligation to pay taxes you imagine they owe, they do have an obligation to pay what they owe, and according to the tax code, they owe nothing.

      --
      Ken
    31. Re:Tax is for the little people by Solandri · · Score: 1
      You're halfway to getting it.

      It turns out that where you extract taxes from is irrelevant. The economy all interconnected, and money flows like water running around a circular wheel. Taxes are just diverting some of that water (money) from this wheel to the government (who injects it back at different points in the wheel). Regardless of whether you extract water (taxes) at the point where individuals receive income (income tax), or at the point where individuals spend income (sales tax), or while a corporation is in possession of it (corporate tax), it has the same overall effect - the private sector (individuals, companies) can direct the flow of less water, the government can direct more.

      So whether you're taxing via income taxes, sales taxes, or corporate taxes is irrelevant. They all do the same thing and have the same effect on the economy.
      • Higher income taxes results in lower individual spending and thus lower corporate profits.
      • Higher sales taxes causes lower individual spending, which leads to lower corporate profits and thus lower individual income in the form of lower wages and distributions..
      • Higher corporate taxes results in lower wages and distribution and thus lower individual spending.

      They all have the same effect. All you're doing by selecting one tax over another is changing who gets stuck with the paperwork and actually sends the money to the government. The consequence of sending that money to the government is distributed over the entire economy (individual income, spending, and corporate profit) regardless of what stage the money is extracted

      So rather than have a gazillion different taxes, the system can actually be optimized by eliminating all taxes except for one.* And if you believe in a progressive tax structure (people with higher income should pay a higher percentage in taxes), then the obvious tax you want to keep is the income tax.

      *(Actually we probably also want to keep behavior-modifying taxes like cigarette taxes, fuel taxes, property taxes, etc. Their primary goal is to modify people's behavior, not necessarily the revenue they generate.)

    32. Re:Tax is for the little people by PopeRatzo · · Score: 1

      Really? Any sanely run corporation must pass on all costs to the customers or eventually go out of business.

      No. Pay attention: income taxes are taken out of profits, and profits only exist AFTER COSTS ARE ACCOUNTED FOR.

      In fact, if you were to do your books and use the companies income taxes as a cost item, you could go to jail.

      --
      You are welcome on my lawn.
    33. Re:Tax is for the little people by PopeRatzo · · Score: 1

      Sales tax, property tax, VAT, inventory tax....

      This discussion is of Amazon not paying taxes, and those were income taxes. If you want to change the discussion, we can do that too.

      It's why sales taxes are considered regressive and income taxes are progressive. The idea of a progressive income tax on individuals and corporations is actually quite an innovation. It's the fairest way to pay for a civil society.

      --
      You are welcome on my lawn.
    34. Re:Tax is for the little people by youngone · · Score: 3, Insightful

      Nobody is arguing Amazon are breaking the law.
      The argument is that the law ought to be different.

    35. Re:Tax is for the little people by kenai_alpenglow · · Score: 1

      substitute "WILL loot" for "can loot" , and you've got it. The rich can get around the taxes, the poor don't pay tax. All these taxes are on the middle class.

    36. Re:Tax is for the little people by sjames · · Score: 1

      I actually do get that. I deliberately posted a mirror image of the corporate apologists here that think corporations shouldn't be taxed.

      Of course, corporations already have lawyers and accountants on the payroll anyway while individuals often don't except at tax time, so there is some reason to prefer extracting that "water" while corporations are holding it.

      The behavior modification taxes tend to backfire if there is any danger they might modify behavior. See the hand wringing over cigarette taxes drying up.

      Others like fuel tax actually do make sense if they are used to pay for pollution abatement and road maintenance.

    37. Re: Tax is for the little people by srichard25 · · Score: 4, Insightful

      They might not be doing anything illegal, but I disagree what they are doing is ethical. Ethical is a higher bar than legal. One of the definitions of ethical is: avoiding activities or organizations that do harm to people or the environment. So they found a loophole that allows them to avoid all federal taxes. They could chose to not use that type of loophole and pay a reasonable amount of tax to the country that allows them to make billions in profit.

    38. Re: Tax is for the little people by ShanghaiBill · · Score: 4, Insightful

      Seriously, nobody's fool enough to let the government be the power company.

      There are plenty of places in America with government run municipal power.

      Municipal electric utilities in the United States

      They generally work well. Electrical power is a natural monopoly, so free market competition isn't really an alternative anyway.

    39. Re: Tax is for the little people by BoogieChile · · Score: 1

      Also a favoured appellative of one Mr. B. Bunny (esq), in his frequent decriptive episodes relating to one Mr. E. Fudd.

    40. Re: Tax is for the little people by Dog-Cow · · Score: 1

      It is illegal, but not immoral or ethical, to rip your face off and stuff it up your ass.

    41. Re: Tax is for the little people by dryeo · · Score: 1

      How do you know? Usually tax law has grey areas where it takes a court case to decide whether something is legal or illegal, and different courts may decide differently. Not to mention the prosecutors discretion in bringing a case and the taxman also having discretion in whether to do an audit.
      Simple example, if I write of my cars mileage, depreciation etc for business and I'm regularly stopping at the grocery store for personal needs while on business, am I breaking the law and will the government bother to take it to court.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    42. Re: Tax is for the little people by kenh · · Score: 1

      Amazon employed the same loophole Facebook and Apple used in 2012, this 'loophole' generated an amount of personal income that was taxed at the higher personal income tax rates, not the lower corporate levels.

      If you have an issue with Amazon )and many other companies) doing nothing more than complying with US tax code as written, ask your elected representatives to change it!

      47% of americans either pay no net income taxes or even profit, getting refunds that exceed all monies withheld from paychecks - are they 'ethical'? Do they have a moral obligation to send money into the treasury in excess of that required by law? No, they don, so why does Amazon?

      --
      Ken
    43. Re: Tax is for the little people by kenh · · Score: 1

      Roads are paid for with fuel taxes.

      Schools are paid for with school taxes.

      Electricity is paid for with electric utility bills (not taxes).

      Amazon, if it moved to NY city, would have paid $27BN in state taxes over the next ten years, that is money NY state won't see because AOC & Company decided they wouldn't allow the state to give a little to get a lot.

      Losing Amazon cost Queens/NY State $27BN in lost revenue.

      --
      Ken
    44. Re: Tax is for the little people by kenh · · Score: 1

      Who's evading taxes?

      Amazon pays all the federal income taxes owed.

      If the Queens deal went thru, Amazon would have paid $27BN in state & local taxes - they had a deal whereby queens and NY state would forgive $3BN if Amazon paid$27BN over the next ten years.

      Amazon evades no taxes, it complies with the tax code as written by your elected representatives.

      --
      Ken
    45. Re: Tax is for the little people by kenh · · Score: 1

      47% of tax filers pay no federal income tax each year, should they pay more to have 'skin in the game'?

      --
      Ken
    46. Re: Tax is for the little people by kenh · · Score: 1

      We spend more on welfare programs than the military.

      --
      Ken
    47. Re: Tax is for the little people by dryeo · · Score: 1

      That would mean everyone owing what, $55.000?

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    48. Re:Tax is for the little people by dryeo · · Score: 1

      If they could raise prices, they already would have.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    49. Re: Tax is for the little people by sjames · · Score: 1

      My reply was to someone who explicitly claimed that evasion of taxes was neither immoral nor unethical.

      As for Amazon, so you're saying as long as I mostly pay my taxes it's fine if I skip the rest as long as I buy off the correct people?

      The people of NY called bullshit on that for good reason.

      or back to my analogy, putting my steak on his tab is cool as long as I slip the cashier a buck or two?

    50. Re:Tax is for the little people by dryeo · · Score: 3, Insightful

      Higher corporate taxes results in lower wages and distribution and thus lower individual spending.

      Actually higher corporate taxes results in more spending on wages, infrastructure etc as the corporation would prefer to spend their money, expand their business and write it off then give it to the government. Unlike wage earners, who basically get taxed on income, corporations get taxed on profits, or the amount left over after paying the bills including wages.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    51. Re: Tax is for the little people by Ichijo · · Score: 4, Insightful

      How can ordinary citizens like you and I get the same negative tax deal as Amazon?

      --
      Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
    52. Re:Tax is for the little people by dryeo · · Score: 1

      Wouldn't giving employees actually lower the income tax for the corporation as it is an expense that reduces profits.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    53. Re: Tax is for the little people by Ichijo · · Score: 2

      If electrical power is a natural monopoly, then why do I get my power from a mix of sources?

      I think you mean that the infrastructure to deliver electric power is a natural monopoly. Which is true, to a point. But what energizes the wires need not be a monopoly, and in fact it's best if it isn't.

      --
      Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
    54. Re: Tax is for the little people by Anonymous Coward · · Score: 1

      Amazon pays nothing because it reinvest all its profit generating economic activity. Its called carry basis . One day it will have to pay the bill. That day is when it stops investing in new facilities . Wish every person would be required to take tax law 101. We would not be having the same silly discussion over and over. It's purpose is to encourage companies to expand. Most of Bezos money is in Amazon stock, he does not have it to spend.

    55. Re: Tax is for the little people by Citizen+of+Earth · · Score: 1

      How much tax does Amazon's 613k employees pay?

    56. Re: Tax is for the little people by stoborrobots · · Score: 3

      Sure, but what percentage of the income do they make? If they're taking home 80% of the income and paying 46% of the income tax, that seems to be underpaying.

      Also, per your link, that statistic is not from the Cuomo, but is stated editorialising by investors.com after his quote.

    57. Re:Tax is for the little people by drinkypoo · · Score: 1

      The idea of a progressive income tax on individuals and corporations is actually quite an innovation. It's the fairest way to pay for a civil society.

      By all means, let's start taxing corporations on their income instead of their profit. That would help clear the dead wood.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    58. Re:Tax is for the little people by PopeRatzo · · Score: 1

      By all means, let's start taxing corporations on their income instead of their profit. That would help clear the dead wood.

      While I understand the sentiment, I don't think that's the best approach. The only real "income" a corporation makes is profits. Taxing revenue would end up hurting consumers. Taxing profits does not.

      --
      You are welcome on my lawn.
    59. Re:Tax is for the little people by drinkypoo · · Score: 1

      While I understand the sentiment, I don't think that's the best approach. The only real "income" a corporation makes is profits. Taxing revenue would end up hurting consumers. Taxing profits does not.

      Not taxing corporate revenues also ends up hurting consumers, by letting rich people use corporations as tax dodges, and by letting corporations use creative accounting to hide profits, and thus avoid paying taxes. Hollywood, anyone?

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    60. Re:Tax is for the little people by smoot123 · · Score: 1

      Wouldn't giving employees actually lower the income tax for the corporation as it is an expense that reduces profits.

      Giving employees what? I think you're missing a word here.

      It doesn't matter though because you raise an interesting point. Yes, there will be all sorts of adjustments. How this would all play out is beyond me. Someone who actually studied economics might be able to sort it out but that's not me.

    61. Re:Tax is for the little people by dryeo · · Score: 1

      Yes, I missed the word raise. The idea being that a business might prefer giving money to employees instead of government. Tax is on profit after expenses.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    62. Re: Tax is for the little people by Darinbob · · Score: 1

      Irrelevant. The workers pay tax on their own earnings, they are not paying tax on behalf on Amazon. Corporations are not people, so why are you defending the absurd ideas that only citizens and residents should pay taxes but never a corporation?

    63. Re:Tax is for the little people by cheesybagel · · Score: 1

      Try reading about Trump's own argument about how Amazon is a net drain on the USPS's coffers.

    64. Re:Tax is for the little people by cheesybagel · · Score: 2

      Amazon supposedly said they would not be searching for another location after the announcement.

      Which makes me think it was a bait & switch deal on Bezo's part to begin with. Probably to squeeze more money out from Washington State as usual.

    65. Re:Tax is for the little people by cheesybagel · · Score: 1

      Oh and their location near Washington, DC is there so they can lobby the government more effectively. Think about that next time you claim that it's the polician's fault for them not being taxed properly.

    66. Re: Tax is for the little people by Mitreya · · Score: 1

      over those ten years they would have paid an estimated $30 BN in various taxes and fees. Instead, NY City and State agreed to 90 cents on the dollar, AKA $27 BN over the next ten years to lure Amazon to Queens. So AOC & Friends didn't "save" NY city and state $3 BN, she cost them $27 BN in new tax revenue.

      So, was the agreement to offer a 10% discount on Amazon taxes?
      And if the taxes of $30 BN turn out to be less (e.g., $6 BN) would someone be held responsible?
      I am thinking if NY was guaranteed $27 BN new tax revenue, they would not be so quick to turn Amazon down.

    67. Re: Tax is for the little people by dcw3 · · Score: 1

      By definition, corporations have an obligation to their shareholders. They have an obligation to follow the law. What they don't have is an obligation to follow your version or anyone else's ethics. If you don't like what they do, then you need to make it illegal, because otherwise, it's their job to find every legal way they can to maximize profits. That doesn't mean they have to be dicks about it...they'll do what they have to in order to avoid pissing off the customers if it's going to affect the bottom line. Otherwise, lower profits affect just about every manager's incentives/take home pay.

      --
      Just another day in Paradise
    68. Re: Tax is for the little people by dcw3 · · Score: 1, Insightful

      Please define "negative tax deal".

      What you can do is start a company that will employ ~25000 people. You'll have municipalities calling at all hours to offer you oral sex if you put the jobs in their location.

      --
      Just another day in Paradise
    69. Re: Tax is for the little people by dcw3 · · Score: 1

      They used to be natural monopolies, but in places like VA, you now have options. I can choose my power company.
      https://www.scc.virginia.gov/p...

      --
      Just another day in Paradise
    70. Re:Tax is for the little people by Kohath · · Score: 1

      1. Trump is incorrect about that
      2. Even if he were correct, why should anyone care about the USPS? The USPS isn't supported by taxes. The postal service should be privatized. UPS or FedEx or Postmates or a dozen other companies could deliver mail.
       

    71. Re: Tax is for the little people by AmiMoJo · · Score: 1

      In other words your dislike of federally mandated minimum income tax levels, and federal taxes in general, allows rich people to pit state against state and force a race to the bottom.

      Taxes shouldn't really operate like a free market.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    72. Re:Tax is for the little people by AmiMoJo · · Score: 1

      It's interesting how AOC's opponents are taking every opportunity to work her into topics so they have have a bash. I get the impression they are really worried about her, worried about another Obama style opponent who is popular without being a populist.

      Or maybe it's just SOP to build up decades of shit-slinging now, in case she ever tries to get one of the higher offices. Worked so well with Clinton, it's going to be used on everyone now.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    73. Re:Tax is for the little people by AmiMoJo · · Score: 1

      Any sanely run corporation must pass on all costs to the customers or eventually go out of business.

      Only if they want to be absolutely certain of going bust. Can't just raise prices every time costs increase, there is only so much the market will stand. If they don't cut costs or cut profits eventually no-one will buy their products, and they will be out of business.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    74. Re: Tax is for the little people by AmiMoJo · · Score: 1

      The issue seems to have been the people who already live there getting priced out of their homes. Rents and property prices shoot up, that sort of thing.

      Amazon could have addressed those concerns. They didn't, and AOC was elected to represent her constituents who were protesting what the correctly identified as a plan to force them out via gentrification.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    75. Re: Tax is for the little people by AmiMoJo · · Score: 2

      Problem is it would have forced a lot of the existing residents out of the area. It's immoral to get tax money in exchange for allowing your constituents to be displaced.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    76. Re: Tax is for the little people by pak9rabid · · Score: 1

      Doing the ethical thing and appeasing your shareholders (to who you have a legal responsibility to appease) don't always intersect, as is the case here.

    77. Re: Tax is for the little people by pak9rabid · · Score: 1

      How can ordinary citizens like you and I get the same negative tax deal as Amazon?

      Start a business and employ thousands of people?

    78. Re:Tax is for the little people by MetricT · · Score: 1

      > Any sanely run corporation must pass on all costs to the customers

      Look who hasn't passed Business 101 and yet felt the need to comment...

      Corporate taxes can also be paid by stockholders.

    79. Re:Tax is for the little people by greythax · · Score: 1

      This rationale only works when one assumes that corporations will be spending all of the wealth they amass, and not banking it or moving it to other countries. Money in the bank does not get sent back into the economy at large. It's important to tax broadly to prevent people finding syphons to squirrel away all the money.

    80. Re:Tax is for the little people by Anonymous Coward · · Score: 1

      The only concern I have about AOC is that the Dems will primary her in two years and she'll go away. As a conservative let me tell you there is no better poster-child for the folly that is Socialism than AOC. she's an imbecile and I want her front-and-center until her own party can no longer stand it and throws her out.

    81. Re: Tax is for the little people by thegarbz · · Score: 1

      Yea! Tax the rich! What are they gonna do, leave? Well, yeah, they will.

      No they won't because as usual when this argument comes up people forget that the cost of paying the tax is usually far lower than the cost incurred of lost access.

      It's why there is a paid access market to foreign citizenship, and why countries have laws regarding ownership, profits, and residency.

    82. Re:Tax is for the little people by smoot123 · · Score: 1

      Yes, I missed the word raise. The idea being that a business might prefer giving money to employees instead of government. Tax is on profit after expenses.

      I understand the sentiment but doubt the numbers work out. If I give an employee a $1 raise, that reduces my tax liability by something like 28 cents (or whatever the corporate tax rate is). The business has a lower profit by 72 cents. It's the same argument people give when they say they don't want to pay off their mortgage because they don't want to lose the tax deduction.

      Personally, I'd consider giving people raises (although I don't employ anyone so this is not an issue) because I get some personal satisfaction giving people money instead of paying taxes. Turns out most people feel that way: they choose a globally sub-optimal solution if that solution hurts someone or something they don't like.

    83. Re: Tax is for the little people by clawsoon · · Score: 1

      In New York City, the top 1% pay about 46% of all income taxes collected in New York State

      Income taxes are about 50% of New York State's budget, so that means the top 1% are paying about 23% of the budget via their state income taxes.

    84. Re: Tax is for the little people by dcw3 · · Score: 1

      There is no tax evasion here. There are just billions in taxes that will not go to NYC along with jobs and tens of thousands of additional jobs that would have been necessary to support them, along with all of those taxes. This is what you and morons like AOC don't understand. That business and tax income is going someplace, and it won't be NYC. AOC thinks NYC should spend the ~$3B on something else, but it's ~$3B you don't have. It's the reason why lowering the corporate tax rate from the highest on the planet made sense...allowing us to keep the jobs and taxes in the U.S.

      --
      Just another day in Paradise
    85. Re: Tax is for the little people by dcw3 · · Score: 1

      As a fiscal conservative, I'd generally say yes, everyone should have some skin in the game...I'd couch that with "above the poverty line in their region". I do have some compassion for people like my own mother who is living off of her ~$900/mo social security.

      --
      Just another day in Paradise
    86. Re:Tax is for the little people by dcw3 · · Score: 1

      So rather than have a gazillion different taxes, the system can actually be optimized by eliminating all taxes except for one.*

      While I agree with the general point, this really is an oversimplification. Would you really want to do away with usage taxes/fees, where those who actually use that function of govt. are paying for it instead of peanut buttering it across everyone...I don't. Do you really want to tax investment income at the same rate as normal income...I don't.

      Also, do you really consider property tax to be a "behavior-modifying" tax...in nearly every place I've been it's generally used to fund education.

      --
      Just another day in Paradise
    87. Re: Tax is for the little people by Oceanplexian · · Score: 1

      - Government already taxes your income (between State and Federal taxes it was around 40c of every dollar I made last time I checked).
      - Government double dips and taxes corporations payroll tax in addition to your income tax
      - Government taxes a percent of any property you have, and if you don't pay that every year they will come to your door and evict you
      - Every time you stay at a hotel, go out to eat, or buy a beer, the government needs more taxes
      - If you want to invest money and save it, the government taxes that too
      - If I want to start a business or even a hobby, the government needs its taxes!
      - Government taxes everything you buy with a Sales Tax
      - Need to travel anywhere, government needs a hefty gas tax too

      In exchange for all these taxes, on every dollar you make, every dollar you get, every dollar you spend, and every dollar you invest, you get: Failing schools, failing bridges and roads. A judicial system that's a joke, with years of case backlogs, high crime (Ironically in the cities and states that have the highest taxes). When you say, oh look at all these benefits of taxes, all I see are piles of waste and corruption, and a government stealing from its citizens while not fulfilling its end of the social contract. A government that you think should be entitled to even more money that it did not earn and does not deserve.

    88. Re:Tax is for the little people by cheesybagel · · Score: 1

      Except it is enshrined in the US Constitution.

    89. Re:Tax is for the little people by DRJlaw · · Score: 1

      Really? Any sanely run corporation must pass on all costs to the customers or eventually go out of business.

      Well, since business taxes are levied against profits, not revenue, how do you justify categorizing taxes as a "cost" that must be passed on to consumers rather than a reduction in profits?

      Do tell... I want to hear this one.

    90. Re: Tax is for the little people by sjames · · Score: 1

      Your argument might hold water if Amazon and ONLY Amazon could provide jobs and taxes in New York. You may have seen pictures of the place, it's not exactly an empty field devoid of commerce.

      I'll give you ten cents for your car. It's ten more cents than the zero you will get if you piss me off by asking for eleven cents. You don't want to blow the deal, do you?

    91. Re: Tax is for the little people by thomn8r · · Score: 2

      Amazon, if it moved to NY city, would have paid $27BN in state taxes over the next ten years,

      Funniest thing I've read all day!

    92. Re: Tax is for the little people by sjames · · Score: 1

      My reply was to someone who explicitly claimed that evasion of taxes was neither immoral nor unethical.

      One more time for good measure:

      My reply was to someone who explicitly claimed that evasion of taxes was neither immoral nor unethical.

    93. Re:Tax is for the little people by sjames · · Score: 1

      Just imagine how much better businesses would be doing if consumers suddenly discovered that they were getting 100% of the witholding from their paychecks back this year!

    94. Re: Tax is for the little people by Darinbob · · Score: 1

      What I am saying is that *IF* the government is going to tax some entities, please tax corporations as your first priority and the residents as a second priority. If you want to argue to remove all taxes everywhere then that's a different argument unrelated to this thread.

      Corporations don't exist to create jobs. If corporations could have zero workers they would happily get along with zero workers, that's the nature of the beast. Bending over backwards to give corporations everything they ask for because they promise a handful of jobs (that they won't deliver on) is a path to ruin. The problem is that we've gone away from politicians listening to the workers because they're the ones who vote and instead towards the corporations because they're the ones who bribe the politicians.

    95. Re: Tax is for the little people by sjames · · Score: 1

      Closer to let me throw a party on your lawn, I'll give you 20% of the take. You do the math and figure it would cost you more than that to repair the damage to the lawn and have all that litter collected. Then you figure, what the hell, you're neighbors will probably pay for the trash pickup to avoid damage to their property damage.

      For some reason, your neighbors object to that plan and call the cops.

    96. Re:Tax is for the little people by JesseMcDonald · · Score: 1

      In what sense is politicians doing what lobbyists ask not 100% the politicians' fault?

      A lobbyist can make requests or suggestions, or perhaps offer a deal—but in the end it's the politician that has all the decision-making power.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    97. Re:Tax is for the little people by JesseMcDonald · · Score: 1

      Obviously an individual producer can't just arbitrarily raise prices to generate more revenue, as they'd lose business to the competition. If you raise costs across the board, however, then they'll all either have to raise prices together or go out of business. Since costs have gone up for everyone they don't need to worry about being undercut, which is what was holding prices down before.

      In general any business is going to have a standard expected accounting profit, after factoring in risk, which is based on the amount of capital involved and the time value of money (the interest rate). Imposing a tax does not change the amount of (after-tax) profit necessary to justify the capital expenditure of the business in the slightest. The tax comes out of the sum of the consumer surplus and producer surplus which lies between the actual market price and the price which would exist in the absence of competition. Of the two, in even a marginally competitive market, the consumer surplus will be by far the largest portion and thus it will be the consumer paying the majority of the tax. In the long run, rather than reducing the profit margin, the effect of taxing corporate profits appears as a combination of higher prices and more limited supply for whatever good or service the business produces. Those who still get the good pay more, and others who would have benefitted instead go without.

      The exception is the rare case where a single supplier has an effective monopoly and the ability to set the market price as they please. In that situation the balance shifts toward producer surplus, so (to a point) increasing costs may not lead to correspondingly higher prices. Of course, the simpler solution would be to revoke the monopoly status which the government most likely granted in the first place.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    98. Re:Tax is for the little people by JesseMcDonald · · Score: 1

      Business taxes are levied against accounting profits, which in the long run are nothing more than the minimum rate of return necessary to justify the business's capital expenditures and risk. Economic profit, which takes opportunity cost into account, tends toward zero in a competitive market. When economic profit is less than zero the business is non-viable; that occurs well before the accounting profit is reduced to zero.

      A marginal business may have a positive accounting profit, but if you tax part of that profit away you lower the return in investment to the point that it makes more sense to invest somewhere else instead, and the business closes. That reduces the supply, and reducing supply of a good results in an increase in price, all else being equal.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    99. Re:Tax is for the little people by dryeo · · Score: 1

      Maybe I'm misunderstanding but I thought the way it works is if I have a business that brings in $1 million and my expenses, materials, rent, labour, my salary etc adds up to a million, I don't pay taxes on the business, just my salary.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    100. Re:Tax is for the little people by dryeo · · Score: 1

      A lot of the time, the only government grant towards monopoly status are things like trademark and patent law. Arguments can be made either way and revoking Apples trademarks would allow competition in selling idevices, same with allowing anyone to call themselves Facebook or Amazon. Then there are the natural monopolies such as cell providers where the barrier to entry is high enough that short of removing all regulations so they can have power output wars, it's hard for new competition to show up. My government has been encouraging competition in the cell market for decades without much results. The established companies all independently lower their prices when faced with competition and to build out enough coverage to make a company worth considering is a huge expense. Perhaps more regulation would help, forcing sharing of infrastructure for example. Government owning the infrastructure can work for a while, but it always seems complacency and corruption happens eventually.

      As for taxes, I guess can take America's course if credit is good enough, just keep borrowing and creating money. Too many expenses, with many that are very hard to get rid of in a democracy and even in a totalitarian system, hungry people get restless.
      You can tax the workers, but then wages have to go up, meaning that companies have to pay more and you get the same problems as a corporate tax.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    101. Re:Tax is for the little people by DRJlaw · · Score: 1

      Economic profit, which takes opportunity cost into account, tends toward zero in a competitive market.

      Oh, lord. Really? The "assume a spherical cow" of economics rears its ugly head yet again. Please, do tell me what percentage of economic activity actually takes place in an competitive market.

      A marginal business may have a positive accounting profit, but if you tax part of that profit away you lower the return in investment to the point that it makes more sense to invest somewhere else instead, and the business closes.

      And Amazon is a "marginal business"? Guess what, you've just argued for a progressive business taxation system, instead of the current regressive business taxation system where the larger and more profitable a business, the more public benefits and tax abatements it can demand.

      Checkmate.

    102. Re: Tax is for the little people by sjames · · Score: 1

      NY wasn't the one with it's hand out. Amazon was free to move in at any time under the same deal as the thousands and thousands of businesses already there.

      They decided not to when their palm wasn't "sufficiently" greased.

    103. Re: Tax is for the little people by sjames · · Score: 1

      DeBlasio was furious and wanted to put blame on Amazon for changing their mind as if he and NYC were owed those jobs and taxes by divine right.

      Or the same reason a real estate agent would be ticked off if he spent all day showing you homes, then haggling, and starts the ball rolling on the credit check and drawing up the contract only for you toi say "Nah, I was just killing some time, I'm not in the market for a house.

    104. Re:Tax is for the little people by cheesybagel · · Score: 1

      You know how you can reduce corruption? You have to punish both the corrupter and the corrupted.

      You have to make all transactions more transparent. For example in New York's case, Amazon wanted to do a closed doors negotiation, while the local government wanted to make it public. So who was the leading agent for corruptive practices here even in a city like New York?

    105. Re: Tax is for the little people by mlyle · · Score: 1

      NY was anteing a few billion in the short term, and hoping to get $30B in tax revenue in the long term. The models for "future revenue based on project" tend to be complete bollocks-- assuming that everyone who works for Amazon is new to the area and becomes a new income tax filer that would be paying $0 otherwise, etc.

      > 25,000 new jobs for a 10% discount on taxes, seems like an OK deal to me

      Possibly 15,000-25,000 new jobs vs. $3bln in subsidies-- $120k/job. Also, time value of money, yada yada yada.

    106. Re: Tax is for the little people by dcw3 · · Score: 1

      My reply was to someone who explicitly claimed that evasion of taxes was neither immoral nor unethical.

      Up until you said this maybe...

      As for Amazon, so you're saying as long as I mostly pay my taxes it's fine if I skip the rest as long as I buy off the correct people?

      The people of NY called bullshit on that for good reason.

      --
      Just another day in Paradise
    107. Re: Tax is for the little people by sjames · · Score: 1

      I didn't say Amazon was actually evading taxes. What they were doing was buying someone odd to be assessed les taxes. It's plenty shady, but evasion is the wrong word for it.

      That's why I said "as for Amazon", to indicate that I was moving to answering a different point someone else was making (and conflating with the tax evasion sub-topic).

  2. Amazon are scum... by b0s0z0ku · · Score: 1, Insightful

    Amazon are scum with no regard for their customers' (or is it products') privacy.
    (1) Archiving/mining/sale of purchase data
    (2) Selling facial recognition systems to police agencies worldwide, including in less than savory places
    (3) Normalizing always-on microphones in people's homes.

    I hope this is only the beginning of the backlash against Amazon and Jeff "Pic Dick" Bezos -- the ideal end game would be a big 'ol trust busting party, as was held for AT&T in the early 1980s. Split Amazon up into 10 or so companies, then move on and do the same to Google and Microsoft.

    1. Re:Amazon are scum... by Kohath · · Score: 1

      Amazon customers disagree: https://www.businesswire.com/n...

  3. What is good for the goose by markdavis · · Score: 4, Insightful

    >"New York Mayor...' 'This is an example of an abuse of corporate power,' de Blasio told NBC"

    I suppose all these major "incentives", bonuses, express permitting, promises, tax cuts, state-funded infrastructure for private benedit, and other such things are not "an example of an abuse of government power"?

    1. Re:What is good for the goose by markdavis · · Score: 1

      >"Are you suggesting it's "abuse of power" to negotiate with corporations to bring their employment dollars into town, really?"

      Yes, it can be. I am not saying it necessarily is, but that it can be. Especially when it is given as favors, or due to their palms being greased, or due to a conflict of interest. And it can be very harmful to the tax payer if the total cost/benefit analysis is flawed or inaccurate.

      >"I guess you didn't internally check your logic before you blurted again. Typical Trump traitor problems."

      You need to find some meds or something. I am neither a Trump fan nor traitor. In fact, "Trump" has nothing to do with the discussion whatsoever. Perhaps you have "Trump derangement syndrome"? But, yeah, keep flinging unfounded insults safely behind your cowardly anonymity...

    2. Re:What is good for the goose by ceoyoyo · · Score: 1

      It surprises me that western governments are allowed to bribe corporations. Laws are supposed to apply to everyone equally.

    3. Re:What is good for the goose by ceoyoyo · · Score: 1

      I'm not the OP, but I would argue that. Governments shouldn't give special treatment to individuals (including corporate individuals). Laws are supposed to apply to everyone equally.

      Tax incentives to corporations are straight up bribes. Research has also shown that those bribes almost never pay off, so not only are they corruption, they're also against the public interest.

  4. Player, Referee, Player by Tokolosh · · Score: 4, Informative

    If you are both a player and the referee, you can't complain when your opponent leaves with the ball.

    --
    Prove anything by multiplying Huge Number times Tiny Number
  5. You spin me right round baby, right round... by Anonymous Coward · · Score: 4, Interesting

    NYC makes offer to Amazon, Amazon negotiates, NYC gets ready to make loads of concessions to entice them into contract, people scream bloody murder, NYC cancels contract, Amazon walks away, NYC -> *pikachu surprised meme*

    This is your fault NYC government. Not Amazon's. Yours. And while yes, you put way too much on the table in the first place, that too is your fault, not Amazon's. You could have walked away first, could have turned them down... oh wait, you actually did, but now you wanna be butthurt because Amazon accepted your rejection instead of begging you to take them back.

    This is purely your fault for making terrible deals in the past to "bring jobs" to NYC. This is purely the fault of every city that has done this and created this ridiculous reality where corporations can shop around for the best deals... you are a government, not a retail business! STOP SELLING US OUT! Jobs are NOT worth it if they do not help the economy in your city/county/state. When you drop all corporate taxes for X years you are hurting your state, every time. They have no incentive to stay, so when the tax breaks are over, hey, time open a new HQ an reduce workforce to skeleton or less in the last place! And you can't stop it. So, stop doing that. Stop corporate welfare. Stop tax break incentives that last for years. You want an Amazon HQ, give them 1 year. ONE. A year of no taxes while you set up and get going, then business as usual - pay your taxes or walk on, son. Do that for everyone else. Heck, do that for NEW businesses as well! Attract that start-up! Incentivise small business growth! Anything but giving giant corporations that already pay almost no taxes yet another tax break.

    An yes, i'd go so far as to charging additional tax on these massive businesses wanting to move into an area. The amount of public resources is way out of balance with the taxes they'd pay even without any tax breaks.

    1. Re:You spin me right round baby, right round... by bigpat · · Score: 2

      Yes. This.

      The rule of law means one set of rules for everyone. There shouldn't be an insurmountable wall of regulations and taxes in the first place that requires all this negotiated one-off deal making. If you want a business friendly climate then stop playing favorites to the corporations that don't need favoritism.

      If you want to know what caused the systemic risk of the Great Recession of 2009, then look no further than the government regulations that failed to regulate and actually promoted the centralization and consolidation that created too big to fail institutions. And then step back and take a look at whether you can even say that the US has a free market system with the regimes of regulations that make a free market impossible.

    2. Re:You spin me right round baby, right round... by Anonymous Coward · · Score: 2, Informative

      /.'s user base are the moderators, which largely leans center-right libertarian. If you consider that to be far left, that's on you.

    3. Re:You spin me right round baby, right round... by WatchMaster · · Score: 1

      well if they don't get the revenue, they don't pay much taxes and don't really need any sweet tax deals.

    4. Re:You spin me right round baby, right round... by SvnLyrBrto · · Score: 1

      Are you high? I've a *long* list of: "-1, Not kissing the ass of Dear Leader", moderations in my comment history over the last couple of years.

      --
      Imagine all the people...
    5. Re:You spin me right round baby, right round... by misnohmer · · Score: 1

      I was with you until the last paragraph about how the same amount of employees requires more public resources purely because they work for the same company. How exactly is one company with 25,000 workers put more strain on public resources than 25 companies with 1,000 employees each? Are you saying that breaking up companies (and government agencies) to limit them to say 100 employees each would save NYC a ton of money?

    6. Re:You spin me right round baby, right round... by kenh · · Score: 1

      Amazon got $3 BN in concessions toward what was a projected $30 BN tax bill the first ten years of the agreement.

      Amazon was going to pay $27 BN to NY City & State tax collectors, now that money will go to the tax collectors in VA and TN.

      But according to AOC, now NY has $3 BN to pay teachers more, medicare for all, etc. Genius. She costs NY City & State $27 BN in revenue and she's thinking of ways to spend the imaginary savings from ending the deal.

      --
      Ken
    7. Re:You spin me right round baby, right round... by brianerst · · Score: 1

      That used to be true, but tech sites have become increasingly progressive / statist / liberal (choose your moniker). Ars' commentariate can be downright Marxist.

      You might notice that the GP is currently sitting at +5 informative and that most of the upvoted comments on this article are left-leaning. Hell, you are at +2 Informative as "we aren't liberal enough" AC. Slashdot's cadre of old-school libertarians is fading fast.

    8. Re:You spin me right round baby, right round... by misnohmer · · Score: 1

      Zoning laws apply just the same to one large business as to 25 small ones. Just because Amazon gets a permit to build an office building for 2,000 people, doesn't give it the right to build a warehouse. Large businesses apply for many permits, it's not "one business permit per company" as you might think. Your only argument here is that a large business like Amazon hires faster, but first, that can be also be controlled via building permits if the city wants, and second, not sure that is what cities even want to do - a planned large expansion is likely to be cheaper to the city than a trickle over 10 years, for example think electric grid capacity - plunking down a new power plant and running one set of properly sized transmission lines would likely be cheaper, rather than adding small diesel generators and adding small lines every year for 10 years. Similar on expanding public transit - cheaper per capita cost to provide reliable transit for 25,000 people than 1,000.

    9. Re:You spin me right round baby, right round... by WCMI92 · · Score: 1

      And my point was made by the moderators. +10000 point made!

      --
      Corporatism != Free Market
  6. Paah by Rick+Zeman · · Score: 1

    I'd have more sympathy for Amazon if they were paying taxes instead of sucking on the public tits everywhere they want a physical presence.

    https://www.washingtonpost.com...

  7. You get the idiot you voted for by WCMI92 · · Score: 4, Insightful

    That is the bottom line.

    --
    Corporatism != Free Market
  8. Blaming the wrong party by MikeRT · · Score: 3, Insightful

    What does that say to working people that a company would leave them high and dry simply because some people raised criticisms

    Why don't you go ask Ms. Occasional-Cortex why she and her peers lead a rage mob at them when Amazon was willing to move into a community that has an average income of $15k and create jobs there? None of the "criticisms" were sober and civilly expressed. It was typical Twitter culture rage mob with over-the-top rhetoric, vilification, etc.

    And then you wonder why Amazon politely says "no, you can fuck right off and die" and leaves? Truth is, if AOC and co had been civil and demanded that the benefits package be cut in half, then had been otherwise welcoming, Amazon would very likely still be moving in. This is real life, not Twitter. You don't have Jack Dorsey and his biased admins padding your safe space every night while you sleep. There are consequences.

    1. Re:Blaming the wrong party by Zocalo · · Score: 2

      Maybe because Amazon wants two classes of workers. The cheap-as-peanuts ones to stuff product into packing boxes and mail them out, and the more expensive ones that help run the company, run services like EC2, and all the other "good stuff" that generally requires a higher education. Care to guess which type they need in a HQ? Do you think they're going to be employing a significant number of those from a community with an average income of $15k?

      Realistically, NYC was going to get their jobs, but they were also going to all the ballooning housing prices and other issues that are plagueing places like San Francisco, Seattle, and all the other tech boom towns. That's what the root of the protests were about; sticking up for the current residents who were probably going to end up being priced out of their own neighbourhoods and trying to provide them with some safeguards.

      That said, as far as the "blame" is concerned, while de Blasio does have a point, you can't really say it's entirely Amazon's fault either. It *is* their ball and money, and I'm pretty sure that Bezos is well aware of the PR issues Google is having with this kind of thing on the west coast, why would they want to invest in NYC if they are pretty much guaranteed the same kind of situation when they do? At least, not without further sweeteners perhaps?

      --
      UNIX? They're not even circumcised! Savages!
    2. Re:Blaming the wrong party by doubledown00 · · Score: 3, Interesting

      Realistically, NYC was going to get their jobs, but they were also going to all the ballooning housing prices and other issues that are plagueing places like San Francisco, Seattle, and all the other tech boom towns. That's what the root of the protests were about; sticking up for the current residents who were probably going to end up being priced out of their own neighbourhoods and trying to provide them with some safeguards.

      At $15,000 average income this sounds like a shitty economically blighted neighborhood. So in order to improve said neighborhood there has to be an economic driver. Any economic driver capable of making that kind of impact, be it Amazon or a Walmart Distribution Center, or anything else of like size will cause some disruption and displacement. More money chasing housing means rent will go up. Values will increase which will also increase property taxes.

      All that is by design part of economic development. You can't take a shitty neighborhood, add opportunity, make it somewhat less shitty, and avoid pricing out the prior occupants of the formerly more shitty neighborhood.

      Either way you try to make that omelette's, some eggs are going to break. If there is a job center in the area then at least there might be an option to subsidize some housing. Without that job center, it's just another shitty broke neighborhood into which money is poured.

    3. Re:Blaming the wrong party by Zocalo · · Score: 2

      Sure, there's always going to be some disruption with this kind of thing, and if Amazon were proposing to put a distribution centre there that would almost certainly help with the creating jobs and driving the local economy (assuming a decent number of manual labour jobs rather than extensive automation, anyway). That wasn't the plan though, was it? The intention was for a second HQ which, as I noted, requires a lot of skilled labour of the kind that isn't generally found living in $15k/year neighbourhoods. Sure, that labour would have wanted support; I'm pretty sure there would be more opportunities further down the food chain (food services, cleaning, etc.), but once the already excessive NYC housing prices inevitably start to climb even higher how long do you think they're going to be able to say above the waterline, even if they did get an Amazon dividend of a few extra $k/year in their paycheck?

      --
      UNIX? They're not even circumcised! Savages!
    4. Re:Blaming the wrong party by doubledown00 · · Score: 1

      The plan as I understood it was a mixture of jobs. Many of their incentives were tied to the number of $150,000+ jobs created, but there were to be other opportunities as well (presumably jobs the less skilled locals could do). I don't know what the ratio was suppose to be. But beyond that HQ2 isn't the type of industry one normally finds in poor neighborhoods (junk yards, recycling, heavy industry, high polluting manufacturing, etc). You just don't find white collar office jobs relocating to these kinds of areas. That in and of its self was an intriguing possibility for the neighborhood.

      The answer to your last question is, frankly, some locals wouldn't last too long......in any redevelopment scenario. Even if this were a straight warehouse paying blue collar wages ($15 - $30 an hour) there would still be more money in the local community that would drive up housing and force some people out. The difference here is that HQ2 would have created a huge wage ceiling which would have a rippling effect on the entire neighborhood. And there would absolutely be peripheral development such as restaurants, grocery stores, etc. A higher economic demographic also brings better municipal offerings like libraries, parks, college branches, etc. All this sounds like an improvement over where the area is now.

      Your argument almost seems to be that a project like HQ2 would be "too good" for the neighborhood. Opportunities that can remake entire neighborhoods are few and far between.

    5. Re:Blaming the wrong party by thegarbz · · Score: 1

      At $15,000 average income this sounds like a shitty economically blighted neighborhood. So in order to improve said neighborhood there has to be an economic driver.

      Improving a neighbourhood through economic drivers is called gentrification. All you're doing is pricing the people who aren't part of that economic driver out of their homes into the next shithole.

      At some point people stand up and say "leave our shithole alone and take your money elsewhere".

    6. Re:Blaming the wrong party by doubledown00 · · Score: 1

      Well no, that's not all they say. They also complain about why their shithole neighborhoods don't have the same opportunities as more well off neighborhoods. And that can be a valid concern as the residents are tax paying citizens too. But their "choices" as far as lifestyle goes has far reaching effects in terms of the cities at large. Neighborhoods like that become havens for crime and generational poverty. If one wants to live in squalor, that's their god given right. What they *don't* get to do is have their personal choices become externalities on everyone else.

      One cannot complain about their poor neighborhoods needing improvement but then also complain about how that problem is solved. To just give money to these neighborhoods without changing the fundamentals of how the people live and function would be to throw these funds away.

  9. I'm guessing that after the deal was struck by bobstreo · · Score: 1

    that there weren't as much "campaign contributions" to politicians and "gifts" to local "civic" leaders as they expected.

  10. A few loudmouths screamed by Anonymous Coward · · Score: 2, Informative

    It wasn't general outrage.

    It wasn't democracy.

    It was the same arrogant, ignorant loudmouths who think they know better, doing their normal crap of forcing people to do "what's best for themselves":

    POLL: Majority of New Yorkers Supported Amazon Moving to NYC

    ...

    A significant majority (56 percent) of all New Yorkers approved of the plan while 36 percent disapproved. Among New York City residents support was slightly stronger at 58 percent.

    Support was most pronounced among minorities: 70 percent of black voters approved while just 25 percent disapproved, and 81 percent of Latinos approved compared to 17 percent who disapproved.

    ...

    So a bunch of white entitled suburban "progressives" thought they knew what's best for actual working-class blacks and Latinos.

    And they fucked it up.

    Imagine that.

  11. Re:DNC platform by Darinbob · · Score: 5, Insightful

    The number of jobs that companies promise in exchange for tax breaks has always been a lie. The actual jobs are always a small fraction of what was originally claimed, and the promised increase in revenue to the cities never actually shows up.

    If a municipality or state makes an agreement here to get new business relocated, then they should be putting in hard requirements into the deals. Ie, reduce the taxes only if the promises are kept, increasing them proportionate to how far apart the promises and reality actually are.

    Politicians weasel out of this though. When the jobs don't show up the politicians never takes the blame, but just passes it along to the company ("how was I to know they didn't consider a handshake to be binding?") or to an opposing party ("they undermined me at every turn!").

  12. Oh look. Slashdot is shilling for socialists again by RightwingNutjob · · Score: 1, Troll

    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.

  13. It was only 1/2 a new Headquarters by Doctor-R · · Score: 1

    The original proposal was for a second Headquarters with 50,000 new jobs. But, there were two 'winners' each with 25,000 new jobs. So bait and switch, big time. So is it sort-of Headquarters 2 and 3 or HQ 2.0 and HQ 2.5. Amazon did not follow through with their promised prize.

    1. Re:It was only 1/2 a new Headquarters by kenh · · Score: 1

      I suggest the name become HQ2/2 to represent half the HQ2 they originally described.

      --
      Ken
  14. Re:DNC platform by apoc.famine · · Score: 1, Insightful

    It's worse than that. Companies often get massive investments into the infrastructure that they will need to use, which often isn't included in the original deal. Power, water and sewer, transportation, etc. The rationale is that there's budget for improving those things anyway, and might as well improve them for the company which will now have thousands of employees and a giant building complex using all that.

    This means that communities which aren't near the company and which had been earmarked for infrastructure upgrades now lose out, so the company can benefit.

    --
    Velociraptor = Distiraptor / Timeraptor
  15. Re:Amazon saw the writing on the wall. by rotorbudd · · Score: 3, Informative

    New York ranks No. 1 in losing residents to other states

    https://www.bizjournals.com/ne...
    They are leaving. I quote:
      Looking at New York City specifically, the area with the largest percentage of residents lost to other states came from the zip code 10075, in the Upper East Side, which faced a 9.3 percent decrease in its population from 2015 to 2016

    --
    A bullet may have your name on it, but artillery is addressed to " Whom It May concern"
  16. Who ran the numbers first? by King_TJ · · Score: 3, Insightful

    It seems to me like a LOT of people involved with or impacted by this Amazon HQ being in, vs. leaving New York are just running off emotions and assumptions?

    To determine if this was a "good deal" for NY taxpayers, you have to look at many factors and crunch all the numbers. I'm confident the likes of Cortex didn't do so, but I question if DeBlasio did either?

    I mean, you have to calculate impact of the extra traffic it generates .... the extra demand on public utilities like electric power, sewer and water. You obviously have to look at how much you gave Amazon in tax breaks and benefits, vs. how much they'll really benefit the public with new jobs. (How much will you collect in taxes from the people they hire?) And if the deal wasn't struck with a clause in it that required Amazon STAY there for a number of years -- you have to try to take an educated guess about the long-term future. Many times, companies take advantage of these deals to put a business in a state, only to pull back out as soon as the perks expire.

    I don't know if the HQ was a good deal of Queens or it wasn't .... but the people making the decision should sure know, and I'm not confident any of them do?

    1. Re:Who ran the numbers first? by Mitreya · · Score: 1

      if the deal wasn't struck with a clause in it that required Amazon STAY there for a number of years

      Also, tax credit should be a percentage (e.g., 10% discount) rather than a fixed figure (e.g., $3 billion).
      It is a bad negotiation tactic to offer a fixed amount, because what happens when Amazon brings $5 billion revenue over 10 years instead of "estimated" $30 billion?

  17. Re:Maybe they'll build it in Wisconsin instead by Hognoxious · · Score: 2, Funny

    When the rednecks meet the people with 47 genders. They should televise that.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  18. Re:DNC platform by Aighearach · · Score: 1

    In my State those sort of tax breaks are tied to the actual creation of the jobs, and are received retrospectively. So when they lie about how many jobs they'll create, they're also lying to themselves about how much of a tax credit they'll get.

    The Wisconsin thing worked the same way. In the end they don't get their tax breaks, they only got media reports saying they did.

    The company got an option to create jobs and get a tax break.

  19. Re:Clown show by rudy_wayne · · Score: 1

    So, instead of paying an estimated $25 billion in taxes they were going to pay $22 billion, after working out a deal with Super Mario Brother Jr. But, the former bartender objected about Big Evil Amazon getting a $3 billion check from the taxpayers. In the end, New York is going to get $0 billion instead. Great job. I repeat, folks, an economics degree! The people of New York elected that scatterbrain, and they simply deserve who they elected.

    The stupidity of Ms. Occasional-Cortex is irrelevent.

    Amazon paid $0 federal income tax on profits of $11 Billion. Actually they paid less than zero, they got a $129 Million tax refund. Pretty nice, eh? That's two consecutive years of zero federal tax paid.

    If you think they aren't going to do the same exact thing to New York and Virginia, you're dumber than that former bartender.

  20. Gov demands by AHuxley · · Score: 1

    Organized labor and having to hire public housing residents.

    Who wants to become full union and have to get told who to hire by a gov?
    Hire on merit and grow as a brand.
    Find a state and city that welcomes innovation and jobs.
    Not a state that places demands on needing a union and who to hire.

    Once a gov says who to hire, the next part is how many to hire.

    --
    Domestic spying is now "Benign Information Gathering"
  21. Or in other words by cascadingstylesheet · · Score: 4, Insightful

    You wanted them to come and be your live in whipping boy, and when you bragged to your usual audiences about how badly you were going to whip them, they reconsidered for some mysterious reason.

    1. Re:Or in other words by LittleNegative · · Score: 1

      ? In this case I take it "whipping boy" means an entity that receives almost $3 million in subsidies.

  22. Amazon paid state and local - that's what matters by drnb · · Score: 1

    Amazon has paid hundreds of millions in state and local taxes. That is why matters to New York state and New York City, not *federal* taxes.

  23. What does it say? by smoot123 · · Score: 1

    What does that say to working people that a company would leave them high and dry simply because some people raised criticisms?

    What does it say? It says companies care a lot about their reputations. It says that companies don't want to set up shop where even a small minority object. It says that companies, even very large ones, can't afford to piss off their customers.

    And most importantly, Mayor de Blasio, it says that you don't have a right to those jobs. People get to make deals and they get to walk away from them if they change their minds. Perhaps you should think about that a little harder the next time you offer a sweetheart deal to some company.

  24. Wasn't the government's fault by rsilvergun · · Score: 1, Insightful

    hell, you said so in the first paragraph. The Gov't of NYC was ready to bend over backwards. Excuse me, let me rephrase that, they were ready to bend the taxpayer over backwards.

    The NYC taxpayers, OTOH, took exception with what amounted to handing Amazon $3 billion dollars in return for some jobs that may or may not materialize and that, even if they did, might end up going to folks brought in from out of state. They're the ones that shut down the deal by loudly protesting and making it clear that if their "leaders" went ahead with the giveaway there'd be a blood bath at the polls next election.

    Like I said on the last NYC Amazon thread, Bully for them. It's high time we start standing up to these corporate A-holes and taking our country back from them.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re:Wasn't the government's fault by kenh · · Score: 1

      NY City and State lost out on $27 BN in new tax revenue over the next ten years because a few vocal economic geniuses were butt hurt over the 10% discount the politicians offered to gain the 90% in actual revenue.

      AOC didn't save NYC $3BN, she cost it $27BN - and she wants you to celebrate her achievement. Now Democrats are protesting AGAINST job creation... That's a first.

      --
      Ken
    2. Re:Wasn't the government's fault by h33t+l4x0r · · Score: 1

      Now Democrats are protesting AGAINST job creation... That's a first.

      Those jobs will still be created, they'll just be created somewhere other than Queens. And anyway, aren't you Trump supporters supposed to hate Amazon too?

  25. It is kind of amazing by Crashmarik · · Score: 1

    NY politicians cost the neighborhood billions in tax dollars (Hint there's CITY income taxes) lost property tax revenue, lost sales tax revenue, lost taxes on all the businesses that would have provided infrastructure on this

    And idiots that lost out are celebrating the fact their politicians were too damn greedy and demanding bribes from Amazon .

    1. Re:It is kind of amazing by kenh · · Score: 1

      NY politicians offered a 10% discount on a projected ten-year $30 BN tax bill. NY State lost out on $27BN in income because AOC didn't like the 10% discount to get the income. Brilliant.

      --
      Ken
    2. Re:It is kind of amazing by Crashmarik · · Score: 1

      NY politicians offered a 10% discount on a projected ten-year $30 BN tax bill. NY State lost out on $27BN in income because AOC didn't like the 10% discount to get the income. Brilliant.

      She didn't just dislike the idea she is upset that the "discount" that was to be given to Amazon isn't being spent on community projects. As I said elsewhere criticism is completely inappropriate for Occasionally Coherent only ridicule will do.

  26. Re:Wah, why can't Republicanism be legitimate too? by ChrisMaple · · Score: 2

    How do you know if the current mayor of New York City is a Republican?

    The city doesn't smell like urine.

    --
    Contribute to civilization: ari.aynrand.org/donate
  27. Re:Amazon saw the writing on the wall. by kenh · · Score: 2

    NY State is offering companies 10 year tax amnesty to relocate to NY. They aren't getting many takers.

    Texas, on the other hand is the latest escape destination for CA corporations, is seeing explosive job growth.

    The Queens location would have been good for Amazon and the city, but AOC wanted a scalp, so those 25K jobs are going elsewhere.

    Tennessee and VA thank AOC for her help in generating job growth in their states.

    --
    Ken
  28. Re:Port Arthur, Texas ... by ChrisMaple · · Score: 1

    Janis Joplin died of a heroin overdose at age 27. That is not an indicator of a person whose opinions you should base your life on.

    --
    Contribute to civilization: ari.aynrand.org/donate
  29. Make up your mind, New York by mschuyler · · Score: 1

    What New York politician did NOT tell Amazon to take a hike? So Amazon takes a hike as ordered and now it's "not fair" that they did???? How absurdly hypocritical.

    --
    How about a moderation of -1 pedantic.
  30. Re:Clown show by kenh · · Score: 1

    Let's say Amazon never paid incme taxes in NY State, for the sake of argument, so what? Every one of those 25K employees would have paid their income taxes, that alone is a huge net win for NY State and Queens.

    --
    Ken
  31. No, they lost out on the _potential_ revenue by rsilvergun · · Score: 1, Insightful

    from a company with a history of not paying taxes.

    The expected outcome, based on prior experience, is that Amazon would have pocketed their subsidies and then when they dried up left.

    This isn't Job Creation, it's Job Extortion.

    Nice right wing talking points ya got there, BTW. Even worked in some AOC there even though she had nothing to do with it except personally opposing the deal. Do you work for a right wing think tank or just parrot everything they tell you to for free?

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  32. Corporation avoids controversy, who is surprised? by misnohmer · · Score: 2

    Amazon doesn't want to build HQ somewhere where they are going to be picketed, attacked and vilified. Even if those attacks come from a vocal minority, in the age of social outrage that is not good for business. So they'll go somewhere where they are going to be welcome, or just spread their employees across different places to diversify their locations and reduce the risk being targeted by outraged people. How does this surprise anyone? I'm neither defending or attacking anyone here, just stating this was the obvious logical outcome.

  33. Re: Maybe they'll build it in Wisconsin instead by jellomizer · · Score: 2

    This is why we need to make sure all levels of government affected by such actions are involved.
    Yes the US style of government is slow and clumsy. However, companies will need to work with them, to help make sure that they are indeed providing such a side effect benefit to the community, while they use that location to make gobs of money.
    People who live a few hundred miles north of New York City know the cost of having a big company being center of a community, only for it to leave devastating the community.

    GE use to be centered in Schenectady NY (Near Albany). GE made Schenectady the City of Lights, and was the Silicon Valley a hundred years ago. While GE still has a presence there, it is a shadow of its former self. Where many engineers have been laid off decades ago, turning the city into a run down post industrial city, with its last hopes in a revitalization is a casino. With the Hudson River still polluted for hundreds of Miles from GE's free capitalist actions.

    Jobs are good, however the company needs to be sure they are also working for the community, for a long term plan. While not a company doesn't need to be hyper Green, they need to follow and volunteer to perform reasonable environmental protection, and not just leave the city, because they found a better deal the city over in the next decade.
    They are cities that are run down, because they were built up for a population that it no longer can achieve, it is far more expensive to maintain a big structure, with a smaller tax base.

    --
    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  34. Re:Maybe they'll build it in Wisconsin instead by jellomizer · · Score: 1

    You know, New York isn't really a Blue State. Just because the President elections and senate will tend to be Blue, The house of representatives will often get a good mixture of Democrat and Republican. New York, is a large state, with a lot of Rural areas, and a lot of people who are Very Red. I can drive up the roads and I see Trump Signs. Yellow Don't Tread on me, Tea Party Flags, Signs fighting the "New York Safe Act" on gun control. You will actually see more of these then Blue advertising.
    New York is actually a purple state, It is just New York City is such a large city, that it makes elections based on the entire state vote trend Blue.
    The Governor while a democrat, and has been on the news lately bashing Trump, has a conservative streak in him, often managing the State Senate keeping it a Republican majority for a long time. The state senate had switched recently. Mostly because Trump is such a bad excuse for a human being, and too many Republicans are ditching their values to support him. So there was a backlash. However I don't see this a long term issue. After Trump leaves office, the Republican party, would get back to their traditional talking points and probably regain power again.

    --
    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  35. Pot meet kettle by nehumanuscrede · · Score: 1

    Greed driven corporations are pretty bad, I'll give you that.
    However, they don't hold a candle to the corruption and abuse of power your typical politician wields.

    Watching a politician pretending to be all righteous against $subject is most amusing.

  36. Re:Maybe they'll build it in Wisconsin instead by ShanghaiBill · · Score: 1

    I'm sure they'll find some red state willing to give them a few billion for hopes and promises

    Good luck finding 25,000 intelligent tech workers in Oklahoma.

  37. Re: Maybe they'll build it in Wisconsin instead by ShanghaiBill · · Score: 1

    This is why we need to make sure all levels of government affected by such actions are involved.

    Even better, the government can just keep their snoot out of location decisions, and corporations can make the decision based on business efficiency rather than bribe size.

  38. Re: Maybe they'll build it in Wisconsin instead by Anonymous Coward · · Score: 1

    "free capitalist actions"

    Let's not mix up capitalism, which is an economic framework, with (lack of) government regulation.

    We can have capitalism with environmental and other regulation. Companies that pollute are freeloaders because the public pays the costs they should have incurred.

    When government allows companies to pollute like that, it is asleep at the wheel or corrupt. So please take your communist agenda somewhere else, we will fix the EPA after the guy that was supposed to drain the swamp gets flushed out and a real leader gets elected.

  39. Re: Maybe they'll build it in Wisconsin instead by kenh · · Score: 1

    They are taking those jobs to TN & VA, I'm sure people will be willing to move to either for a good-paying job.

    --
    Ken
  40. You need a basic accounting class by Anonymous Coward · · Score: 1

    ALL expenses, and that includes all taxes, become part of the cost of doing business and are passed-on to the consumer as part of the cost of the goods and/or services provided by the consumer to the customer. Money passed-on to the CEO and the share holders also count as expenses and are also passed along to the consumer. Government penalties for bad corporate behavior are also passed along to the consumer.

    Leftists simply refuse to recognize these most-basic facts of normal bookkeeping as they call for business taxes, and penalties on businesses, etc. The only way to punish a corporation for bad behavior is to go after the executives PERSONALLY, but that would run counter to the basic leftist anti-evil-corporation narrative. The lefties never actually want to go after the executives themselves and the money they got from the corporations because so many of those very wealthy executives are themselves leftists (Gates, Bezos, Zuckerberg, Bloomberg, Buffet, etc)

  41. Re:Amazon saw the writing on the wall. by virtig01 · · Score: 1

    NY State is offering companies 10 year tax amnesty to relocate to NY. They aren't getting many takers.

    That offer doesn't include NYC. Of course a company would rather relocate to Austin than Utica.

  42. Re:Port Arthur, Texas ... by CaptainDork · · Score: 1

    It's not that I do't care about your remark, it's just that it doesn't matter.

    --
    It little behooves the best of us to comment on the rest of us.
  43. Abuse? ABUSE? by ScentCone · · Score: 1

    This from the politicians in the main city of a state where the governor is extorting financial institutions into denying services like insurance and banking to non-profits that don't sit on their approved side of politics. NY politicians have absolutely ZERO room to complain that a company which finds setting up shop there to be distasteful is somehow "abusing" them. Nonsense.

    --
    Don't disappoint your bird dog. Go to the range.
  44. Re: Maybe they'll build it in Wisconsin instead by orlanz · · Score: 1

    Most states are actually purple... even California & Texas when you start looking further into candidate positions in the House. But this isn't something that can create scandles and football like sensational news so we get a B&W Red/HeeHaw/Conservative/Repub/TP vs Blue/Tooot/Liberal/Dem/Social talking points that can only divide our nation and never progress to a middle ground that democracy intended.

    The reality is that it's a huge range and the extremes shown by the media is a very very small group that the rest of us should really just ignore and get work done. People clumped together as Dems or Reps across state lines usually have more differences than similarities. As a population we arent a two party system. We are just cliff noted as such.

    Politics is and should be local. And should be better covered locally. The media needs to stop discussing national politics because they suck at it and tend to over summarize & give a spotlight to those that actually represent no one.

  45. Re:Maybe they'll build it in Wisconsin instead by gtall · · Score: 2

    The rednecks already have 47 genders, but they also have an unwritten agreement never to talk about them.

  46. Re: Maybe they'll build it in Wisconsin instead by gtall · · Score: 1

    Yes, politics should be covered locally. However, the news industry is consolidating around a few large left-right-wing-nut companies. Those companies won't be covering local news without infected it with national politics.

  47. Re:I can't stay mad at him. by gtall · · Score: 1

    Those are on hold as Pecker is convulsing over having his plea deal abrogated by the Feds for being involved in a blackmail effort. And Nat. Enq. doesn't really care about the pictures, they only wanted to stop the Wash. Post's (Bezos owns it) investigation into the corruption between Saudi Arabia and the Nat. Enq. They also wanted to make Agent Orange happy.

    The blackmail is how the Nat. Enq. and Agent Orange view the world, they assumed Bezos was open to blackmail and that he was somehow directing the Wash. Post's investigations. It's straight out of Hollywood's version of how the Mafia works. That's the depth of their understanding about how to influence. Bezos turned the tables on them and now they look like the childish schoolyard bullies they are. Bezos turned their pictures into worthless trash.

  48. Re:Maybe they'll build it in Wisconsin instead by dcw3 · · Score: 1

    When was the last time the state voted for an R for president? 1984 Regan v. Mondale. Pockets of rural Rs don't make a D state any less Blue.

    --
    Just another day in Paradise
  49. Abuse of CORPORATE power? by Chas · · Score: 1

    Sorry, the government officials had a meeting of the minds with Amazon when the deal was struck.
    Others, who had NOTHING TO DO WITH THE PROCESS, had no actual skin in the game, and likely didn't understand what was being done here (AOC) AT ALL came in and basically stuck their noses where they weren't wanted.

    Now, 25K jobs. GONE.
    Tax revenues in the billions. GONE.

    Smooth fuckin' move...

    --


    Chas - The one, the only.
    THANK GOD!!!
  50. Re:Amazon saw the writing on the wall. by notaspy · · Score: 1

    also from the bizjournals.com article comes this confusing sentence, which indicates NY state ranks in a tie (with NJ) for 4th in net outward migration.

    In terms of percentages, New York ties with New Jersey at minus-0.9 percent in terms of net migration. It is closely followed by Connecticut, with minus-1 percent net migration, and Illinois and North Dakota tied for third with a minus-1.1 percent change in migration.

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    hi!
  51. Re:Maybe they'll build it in Wisconsin instead by Rob+Y. · · Score: 1

    Well, until recently, the New York state government had Republican majorities. Even Republican Governors now and then. So that D majority in New York City must be pretty slim statewide, and not be enough to reliably overcome the gerrymander (either intentional or because of the 'natural' distribution of rural/urban counties) that determines control of the statehouse.

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    Posted from my Android phone. Oh, I can change this? There, that's better...
  52. Put the blame where it belongs by Anonymous Coward · · Score: 2, Funny

    The mainstream media is where the blame lies. They have put AOC on a pedestal despite the fact that she - by Bill DeBlasio's own statements - has no basic understanding of how things work. She and her ilk have been lionized by the media and the resistance against all things Trump without actually vetting her knowledge or abilities. Now she crows about the benefits of losing 25,000 good jobs plus all the feeder jobs. And the NYT is still gushing about how they dodged that terrible capitalism bullet. https://www.nytimes.com/2019/0... [nytimes.com] You know the left has gone insane when uber-Leftist Bill DeBlasio rants about how unfair it was that Amazon decided they were not welcome and left for more warmer climes. Pull your head out dude, your sycophant lackeys ran them off. Didn't you get the memo? Amazon is the new capitalist Boogeyman of the left.

    The media has gone full-on crazy. They place anyone on a pedestal that wants to be part of the Trump resistance regardless of their competence, experience, integrity or understanding. That's why we get nonstop stories on self important thought leader racists and imbeciles like Jussie Smollet, AOC, Ilhan Omar, Elizabeth Warren and demigods like the six month messiah Michael Avenatti. How did all that Avenatti worship work out for them? Still "bogus"? The media loves crazy so much that you would think that Trump would be their Gender-Neutral-Upright-Homonid-of-the-Year.

  53. Re: Maybe they'll build it in Wisconsin instead by jellomizer · · Score: 1

    Perhaps my view is squewd, because I live in a town which had its economy collapse overnight, because a company who wasn't well regulated, decided to pollute the water supply.

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    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
  54. Bongo the politician by Impy+the+Impiuos+Imp · · Score: 1

    Cue a Life in Hell cartoon, where little Bongo is standing there on a chair, caught witb cookie crumbs on his mouth, "It was an abuse of corporate power."

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    (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
  55. New York's next high rise is a big middle finger by hyades1 · · Score: 1

    Let's hope New York's citizen uprising means the beginning of the end for corporate welfare queens extorting taxpayers for a free ride.

    The best summary of what really goes on in these "negotiations" was provided by a Toronto real estate lawyer at one of the public meetings held when Amazon claimed to be considering the city for its second headquarters.

    The lawyer said people shouldn't get bent out of shape over what provincial and city politicians were promising Amazon, because there was no way they were going to set up shop in Toronto anyway. The sole purpose of talking to Toronto was to see how much the city would offer in concessions. Because they weren't seriously considering Toronto, Amazon could just keep pushing and pushing to see how much they could get. When Toronto finally threw up its hands in disgust, Amazon would take the last offer and wave it under the nose of the next sucker on their list, and say, "This is what we walked away from. What will YOU give us?"

    The lawyer's funniest (and probably most accurate) remark concerned how to sort out the places that had some chance versus those that had no chance. "Find out where the CEO has a summer home. Draw a hundred kilometre circle around it. Cities inside the circle have a chance. Cities outside it are sucker bait".

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    I've calculated my velocity with such exquisite precision that I have no idea where I am.
  56. Re: Maybe they'll build it in Wisconsin instead by saloomy · · Score: 1

    Just to make a few things clear:

    Amazon didn't pay taxes this year dispite profits because it invested excessively in prior years, and is still writing down that deficit. If you run a business, and it takes many years and a lot of money to R&D, engineer, construct, and operate your business, you get to carry over the red ink from one tax year to another. Think about massive operations like an Oil Refinery, or power station, or a chip fabrication facility that take YEARS to construct. The total cost is very high. The losses in the construction tax years are carried over into the profit tax years until the balance is 0.

    Amazon didn't actually pay taxes this year because their deficit was so high from all the expansion they have done. Many tax policies are very short sighted, but this one I whole-heatedly agree with because it encourages investment in long-term projects and is far-sighted in contrast to most other tax policies. Their tax-deference balance is significantly less now, and will soon start to pay taxes on profits. This is the same situation as GE and a lot of the other funny "0% tax rate" fake-news stories you read about. I say fake-news because every reporter writing about tax rates on corporations is smart enough to know that not all investment cycles fit into a tax year.

    What I do have a problem with is these large companies working with the local governments to get tax-breaks. That in my opinion should be illegal. It is a subsidy. Instead the corporations should be forced to ask for tax rate changes so all companies get the same rates. Small competitors are effectively at a disadvantage because they don't enjoy the same tax breaks as the large companies can negotiate for. It makes for an un-fair playing field.

  57. Re: Maybe they'll build it in Wisconsin instead by Shotgun · · Score: 1

    Yes. It is called a "carry over loss". Speak to your tax consultant.

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    Aah, change is good. -- Rafiki
    Yeah, but it ain't easy. -- Simba
  58. Democrats are the petulant children/sore losers by Hillie · · Score: 1

    The entire situation is absurd. After the LOTR orc-like invasion on the Supreme Court after Kavanaugh, and all the reactive violent protesting after not getting their way each and every time (including the 2016 Presidential election), they call Amazon a petulant child for walking away from a bad business deal.

    New York could basically be compared to Darth Vader while Amazon is Lando Calrissian in The Empire Strikes Back, where Vader alters the deal and says "Pray I do not alter it further."

    When Amazon gets there, New York says they want Amazon to pay for all these extra programs and all this nonsense and on top of that AOC wouldn't give them a $3 billion tax break because the money is better spent elsewhere, even though them walking away from the deal means they won't be paying any taxes whatsoever, as usual proving AOC to be enormously ignorant.

    Amazon simply made a good solid business decision to walk away from a bad deal.

    The attitude of AOC and the other "activists" that were dead-set against Amazon coming to NY had made their decision long before any negotiations took place. Their misguided hatred of corporations that most "blame the man" poor people types have caused what democrats always do-- To assume mal intent on the part of the person you're about to have a discussion with so it is impossible to have a good discussion because one side is already convinced you're trying to screw them over.

    Furthermore when Amazon said they made it a hostile environment to do business they hit the nail on the head with democrats. Hostile environment.

    Feminists create a hostile dating environment, where you have to walk on eggshells to not get a false sex assault / harassment / rape accusation.
    SJWs create a hostile social environment where you have to walk on eggshells to not offend anyone.
    Corporate hating types create a hostile business environment where they want to take as much as they can from a rich corporation without giving anything in return.

    In fact, people like AOC want to take as much as they can from everybody else while giving the absolute minimum they can in return. Don't believe me? Try to sell stuff on Craigslist or FB Marketplace-- The kingdom of lowballers.. They will try to get you to sell it for the lowest you possibly will accept and even con you by saying they have some incredibly low amount of money right now that they could show up in your house in an hour and buy it for, and it's like less than half of what you were asking for, which is already 30% less than you could get on eBay or Amazon.

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    - Alex