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by boomka
2773 days ago
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> but is this really a wealth transfer from the poor to the rich? Doesn't most tax revenue in the US come from the rich, meaning they're covering most of the bill? Doesn't matter where tax money came from, that part we are not changing. What changes is where that money goes. It could pay for schools, Medicaid, homeless shelters. Now there is going to be less of that, as we are building a helipad for Bezos with some of that money instead. Which is why it's a wealth transfer towards the rich. |
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Yes, it could, but that doesn't mean it would in the absence of the incentive for Amazon. I didn't see any indication in the article that this would be paid for by reallocating funds from social programs or education. Has NY indicated how they're funding the incentive elsewhere? If this isn't known, how can you confidently say it's a transfer of wealth from poor to rich?
To be clear, I absolutely think there are probably more socially responsible things to do with the money, but there's a difference between opportunity cost and exploiting NY's poor to build Bezos a helipad.