News for hackers. Stuff that matters.

A comment on Did New York Lose Anything with Amazon’s Rejection? It’s Complicated. Parent comment

Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by jmngomes on Friday February 15, 2019 @10:22AM (#19171577)
It turns out that in many cases there is no " net profit (...) regardless of subsidies"

In fact, in some cases the jobs that the subsidized company 'creates' are move expensive to taxpayers (due to subsidies) than it would be to just pay the same people to not work, or work on something else that is actually productive for society at large.

Here's a good analysis of the issue: https://www.theguardian.com/cities/ng-interactive/2018/jul/0...

[ Parent | on HN ]
Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by jnordwick on Friday February 15, 2019 @11:07AM (#19171974)
I hate the Guardian so much. Such a useless rag. The article assumes that these "costs" are giving a company a huge check, not tax deductions and the like.
[ Parent | on HN ]
Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by JetSpiegel on Friday February 15, 2019 @08:36PM (#19176424)
Taxes are mandatory, so thst's a distinction without difference.
[ Parent | on HN ]
Re:Did New York Lose Anything with Amazon’s Rejection? It’s ... by jnordwick on Sunday February 17, 2019 @01:24AM (#19182964)
Not mandatory if they put those jobs elsewhere.
[ Parent | on HN ]