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by kortilla
2674 days ago
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>I suspect I'll never get why the notion of giving a tax handout to a company that's one of the most valuable in the world shouldn't be a non-starter. Every company that would have built in Long Island city is eligible for the same tax credit program. Using the word “handout” is propaganda designed to make you think the government wasn’t still taking in more than was credited. Amazon did not get this without bringing in tens of billions more tax revenue. >so, more infinite returns, and less 9:1 returns, please. >Or is there something else at work here? Yeah, those infinite returns don’t exist. Nobody else is building in LIC with that scale so there is no comparable thing providing “infinite returns”. Even if there was a company doing so, it would be eligible for the same tax credits. Amazon wasn’t getting an Amazon-specific handout. Even if all companies weren’t getting it, I sure as hell would want 25,000 jobs that bring 70% of normal tax revenue for 10 years instead of adding a trickle of jobs at normal tax revenue that doesn’t even reach 25k jobs in 10 years. |
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