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by Barrin92
2779 days ago
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No, this is not comparable to a simple tax collection. In the usual case, people leverage a tax on people or property within their own jurisdictions to fund programs. That is to say, they themselves pay for their services. What is happening here is that New York creates an incentive that is supposed to motivate Amazon to move economic activity out of some other location in the US to New York, at the disadvantage of everyone else, who now can either enter into this competition and erode their own tax base, or take the loss. If you could simply increase your tax revenue by giving tax money away to companies, you would have invented a magical tax money printing machine. |
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I find it the height of irony that, on a site created by a startup accelerator, you're saying that you can't help a business by giving it cash