Re:NY state tax break is $48k per Amazon HQ job
by throwaway5752 on Wednesday November 14, 2018 @09:47PM
(#18456470)
"It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around."
Absolutely incorrect. It's been like this for decades, is essentially universal, and this is barely egregious in comparison to past incentive packages. NoVA and NYC weren't even the largest incentive packages offered for HQ2.
https://info.siteselectiongroup.com/blog/top-10-economic-inc...
https://info.siteselectiongroup.com/blog/top-25-economic-inc...
https://info.siteselectiongroup.com/blog/top-25-economic-inc...
https://info.siteselectiongroup.com/blog/top-economic-incent...
https://info.siteselectiongroup.com/blog/largest-economic-in...
https://info.siteselectiongroup.com/blog/largest-economic-in...
I'll try.
It distorts the competition, ESPECIALLY in the case of Amazon which more or less competes with every retailer everywhere.
It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around.
NYC has better uses for the money.
It doesn't need the goddamn money, because it's one of the most successful companies in the entire world, ever. It can finance its operations by itself with absolutely no problem whatsoever. It's ridiculous they're even asking for public assistance.
This is a race to the bottom. Sports stadium construction incentives are good examples of this.