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Thread: Amazon Top 20 List

  1. #21
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by publius3 View Post
    As an aside it looks like that program closed?

    https://esd.ny.gov/empire-zones-program

    There are others, some more ridiculous than others.

    One was a good one. 9/11 hurt downtown, so for a while at least Albany gave inducements for businesses to go downtown.

    Time Life which had been in Midtown for decades, even had a building named after them on 6th avenue took them up on the offer. They moved 25% of their workforce downtown and moved the rest to NJ.

    Law of unintended consequences.
    That plan may have ended but that isn't the plan to which I was referring. No where did I call it the Empire Zone Plan. The plan that I am referring to is START-UP NY which is still going on, right now. New York is using it to try to compete for new businesses and business expansion from other states. Texas has done this as well, using the fact that they have no state income taxes.

    https://esd.ny.gov/startup-ny-program

  2. #22
    Veteran Member carpe diem's Avatar
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    Quote Originally Posted by publius3 View Post
    Many know that Amazon is shopping around for a new headquarters. Recently they put out a Top 20 list. Kind of a cross between a 'make your last best offer' and Lebron's original free agency decision to go from Cleveland to Miami.

    In any event, NJ offered Amazon a massive package which has kept Newark, NJ on that list.



    Nice bi-partisan effort too....

    N.J. offered a $7B deal to Amazon. Is it worth it? | NJ.com

    One article suggests that luring Amazon will have a positive impact of 50,000 jobs in the region. Of course, as Bastiat would say, that is which is seen.

    Why should Amazon be treated more favorably than my (now former) business?

    Of course, I personally wasn't going to employ 50,000+ right?

    True, but here's the thing, 800,000 small businesses currently employ more than 1.7mn people in the State of NJ, accounting for more than 50% of all employment

    At the end of the day you can't treat Amazon MORE favorably without treating others, at least relatively speaking, LESS favorably.

    Corporate welfare, and that has to come from somewhere doesn't it? And if you're one of the 800,000 schnooks paying 56 cents off every dollar, fuck you, right?

    This epitomizes everything that's wrong with this country.
    "Corporate welfare"

    I love the way the left says they hate labels...yet they always use disparaging phrases to insult the people or entities they hate. There is no such thing as Corporate welfare, the dollars we are talking about were generated by the corps...Keeping more of what they earned is not welfare, it is just smarter to keep that money circulating instead of sending it to bureaucrat's that will squander it and then demand more.

  3. #23
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    Quote Originally Posted by Southern Dad View Post
    That plan may have ended but that isn't the plan to which I was referring. No where did I call it the Empire Zone Plan. The plan that I am referring to is START-UP NY which is still going on, right now. New York is using it to try to compete for new businesses and business expansion from other states. Texas has done this as well, using the fact that they have no state income taxes.

    https://esd.ny.gov/startup-ny-program
    Using the fact they have no state income taxes is fine. That applies to everybody.

    The NY link still shows the favoritism with a laundry list of ineligible NEW businesses along with geographic restrictions. That program also notes a 10 year abatement which I was aware of though not specifically familiar with.
    Last edited by publius3; 26th January 2018 at 04:07 PM.

  4. #24
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    Quote Originally Posted by carpe diem View Post
    "Corporate welfare"

    I love the way the left says they hate labels...yet they always use disparaging phrases to insult the people or entities they hate. There is no such thing as Corporate welfare, the dollars we are talking about were generated by the corps...Keeping more of what they earned is not welfare, it is just smarter to keep that money circulating instead of sending it to bureaucrat's that will squander it and then demand more.
    Oh, NJ does direct subsidies too and on top of that the tax abatement isn't just a tax abatement. NJ's plan lets them sell unusable credits to other taxpayers. On top of which, even if it were just a general tax abatement, the problem is you're treating businesses differently.

    If you don't like corporate welfare, fine. Let's call it what it is.

    Government favoritism for politically favored businesses.

  5. #25
    Veteran Member Isalexi's Avatar
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    Quote Originally Posted by HayJenn View Post
    All the cities in the top 20 have offered massive packages.
    We have in Maryland. What’s interesting Baltimore was eliminated but Montgomery county which is a wealthy county in Maryland is in the top 20

  6. #26
    Member Robert Urbanek's Avatar
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    And Harvey Weinstein could provide big economic benefits to young starlets who made him the best offer.

  7. #27
    Veteran Member carpe diem's Avatar
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    Quote Originally Posted by publius3 View Post
    Oh, NJ does direct subsidies too and on top of that the tax abatement isn't just a tax abatement. NJ's plan lets them sell unusable credits to other taxpayers. On top of which, even if it were just a general tax abatement, the problem is you're treating businesses differently.

    If you don't like corporate welfare, fine. Let's call it what it is.

    Government favoritism for politically favored businesses.
    What it is...government not raping business simply because they are a business.

  8. #28
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    Quote Originally Posted by carpe diem View Post
    What it is...government not raping business simply because they are a business.
    Whatever business you're in, imagine if the government did what they are willing to do for Amazon, but do it only dor your competitor, not you.

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