Seattle Poised to Repeal Tax on Amazon and Large Employers

Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by bluedevil2k on Tuesday June 12, 2018 @08:20AM (#17292547)

And you’re actually implying that these people, who have not done anything even remotely successful in terms of business, elected by roughly 4% of the population of Seattle, who meet once a week for a few hours, who have split incentives to both “help the city” and get continually re-elected, who need to fundraise for elections from entities they could potentially benefit with the money...these are the people you trust more with money than one of the 5 most successful businessmen in the last 100 years?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by ionised on Tuesday June 12, 2018 @08:42AM (#17292677)

> these are the people you trust more with money than one of the 5 most successful businessmen in the last 100 years?

Yes, because I don't equate being rich and 'successful' with having a social conscience. If anything I'm more inclined to believe that rich and successful person didn't do it by being a paragon of virtue.

And what exactly do you think Amazon's incentives are?

To the city? Come on now.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by bluedevil2k on Tuesday June 12, 2018 @08:54AM (#17292749)

Amazon, the corporation, should only have 1 incentive - to maximize shareholder value.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by notahacker on Tuesday June 12, 2018 @09:15AM (#17292879)

This is good for people who are Amazon shareholders and sometimes good for people who are Amazon customers.

There are many people in Seattle who stand to benefit more from having better roads, schools or provision for homeless people. Some of them, shockingly, are not Amazon shareholders or even Amazon customers. Why would they trust Jeff Bezos to help more than even an unusually inept public official with their problems, when providing such services to the people of Seattle without charge is manifestly not in the financial interests of the average Amazon shareholder?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by unethical_ban on Tuesday June 12, 2018 @10:02AM (#17293304)

Corporations are part of the communities from which they hire. They have ethical, if not legal, obligations to their workers and their communities.

Also, do you think it's interesting how everyone who disagrees with you is downvoted into low-contrast?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by ionised on Tuesday June 12, 2018 @09:00AM (#17292777)

I mean, that's not a legal requirement and in the past companies were expected to maintain some kind of social conscience.

Not sure when that changed.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by bluedevil2k on Tuesday June 12, 2018 @09:22AM (#17292936)

I think in the past companies were far less concerned with social conscience than they are today. The entire reason for the EPA is because too many companies were dumping toxic chemicals into the water supply (1).

(1) http://time.com/4696104/environmental-protection-agency-1970...

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by Maybestring on Tuesday June 12, 2018 @09:19AM (#17292908)

https://www.colorado.edu/studentgroups/libertarians/issues/f...

Friedman argued it was good for corporations to be greedy, and corporate America liked that idea.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by ionised on Tuesday June 12, 2018 @10:05AM (#17293334)

The more I learn about Friedman and Hayek the more I hate them and the politicians that still cling to their hack theories in the face of overwhelming evidence that they don't work for anyone but the amassers of capital.

Their views on people as individual self-interested rational actors are so narrow and simplistic.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by xmonkee on Tuesday June 12, 2018 @09:34AM (#17293055)

I don't understand your point. Amazon has no incentive to help the city. What do you mean when you say you trust them with the money. Trust them to help themselves? How does that help the people who don't work at or own Amazon shares?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by bluedevil2k on Tuesday June 12, 2018 @10:38AM (#17293642)

"you trust them with the money" -> "you trust them with THEIR money"

Why is Amazon, the corporation, with offices in 30 countries, under any obligation to help people in a city where they're headquartered, who don't work there or own shares?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by sidrajaram on Tuesday June 12, 2018 @10:34AM (#17293603)

Depends on what you mean by "trust with money" - trust them to spend it on something that will give back to society? In that case, yes...I trust almost anyone more than Jeff Bezos.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by electricEmu on Tuesday June 12, 2018 @08:35AM (#17292635)

Having worked for him, yes I'll trust the Seattle city council.

You sure seem to be on this thread frequently with some hard opinions and loose facts.

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by bluedevil2k on Tuesday June 12, 2018 @08:40AM (#17292664)

2 posts is posting frequently?

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Re:Seattle Poised to Repeal Tax on Amazon and Large Employers by mankash666 on Tuesday June 12, 2018 @11:19AM (#17294083)

Don't make it personal about another HN member

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