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Topic: US Economy

NYC faces backlash over $3B in subsidies given to Amazon for new HQ. Good deal?

  • Comments: 24 |
  • Votes: 8
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Discussion started by Tok Staff:
New York City says $3B will be paid off many times over by jobs, tax revenue but neighborhood residents fear it will pass them by. Good deal?
Background article: ... Read more
Results in this view: Y-jobs+revenue 33% - Convince Me 33% - N-wasteful/wrong 33%
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Anonymous-user
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By John Lozinski NYC and its voters are mostly IDIOTS
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By Don Baumgartner They have a GREAT Mayor !!!!
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By John Lozinski Bill DeBlasio is nowhere near the corrupt, self-serving acchole that Andrew Cuomo is.
That is the nicest thing I can say about him.
He is a train wreck!
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By Don Baumgartner Andrew Cuomo is a GREAT Governor !!!! ALL RepugliCONS are a train wreck !!!
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By John Lozinski NYC voters elect insane people like A*s of Camel
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By Andrew Herzman How about answer the QUESTION given?
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By Mark Tracey This is a difficult question to answer as I’m split in my mind on the issue. From a fundamental belief I believe as stated in my first comment, but from a more pragmatic point of view (see my second response to the question) it is up to the local and state governments to make the call as they see best for their citizens. The city and state of NY lost a potential of $28 billion in tax revenue which could have gone a long way to improving local conditions, because they were unhappy with a $3 billion dollar discount in the tax rate needed to win Amazons acceptance. The Leftist backlash and protests not only drove Amazon away from the deal, but has the racist impact of denying 25,000 Amazon jobs from Blacks and Hispanics lliving in the area as well as the income from those jobs that would have flowed into that community. This is not a loss for Amazon, as they will find another location, but a loss for the economic health of this community denied this opportunity by The Leftist protesters over the best interest of that community.
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By Andrew Herzman Racist too now?!? LOL! No company should get money for voluntarily deciding to open up shop somewhere, knowing what taxes they will pay. It is a loss for Amazon as well. Having a New York address means something.
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By William Dykeman arent you from nyc? , you act like one of those people