Re:Amazon’s HQ2 Spectacle Should Be Illegal
by onetimemanytime on Tuesday November 13, 2018 @05:00PM
(#18445318)
I am sorry, but a lot of states--if not most--have lower taxes than NYC. Amazon is bringing 25,000 people earning probably over $100K per person and Amazon will be here for (at least) another 20-30 years.
That person is buying a condo, eating at NY restaurants, paying local state and payroll taxes, dry cleaning at local stores, buying clothes locally, etc etc etc. We know that people at that age virtually spend all their money...so what if AMZN got an x% discount on volume? What more do you want?
Re:Amazon’s HQ2 Spectacle Should Be Illegal
by megaremote on Tuesday November 13, 2018 @06:03PM
(#18445736)
You don't seem to be listening at all.
I.e. for every $1 that NY sends to the federal government in federal taxes, it receives something like ~$0.80 in spending: https://www.osc.state.ny.us/press/releases/oct17/100317.htm. Most of the money that NY receives is for Medicaid and other entitlements.
NY receives every year a total of $165 per capita for transit, slightly less than the national average of $168. When considering the cost of labor and materials in NY, that gap is probably much larger in real purchasing terms.
On the other hand, NY state directly spends $639.2 per capita on transportation annually: https://www.usgovernmentspending.com/year_spending_2019NYdn_.... The actual cost of the "pensions" you deride is $1085.2 per capita per year to the state. If you look at total state and local spending, the total costs of pensions are $1758 per capita per year, and transportation is $1788.8 per year. Neither reaches 10% of total statewide spending.
This doesn't directly negate your point about federal money trickling down, but NY is not receiving very meaningful assistance from the federal government.