Posted on 03/03/2023 12:08:53 PM PST by lowbridge
Slick entrepreneur and “Shark Tank” star Kevin O’Leary says many Democrat-run blue states are “uninvestable” due to “insane” policies and prohibitively high taxes.
“I don’t put companies here in New York anymore or Massachusetts or in New Jersey or in California,” Leary said on Friday’s broadcast of “CNN This Morning.”
“Those states are uninvestable,” the Canadian investor said. “The policy here is insane. The taxes are too high. We put them in Fargo, North Dakota.”
When asked by co-host Poppy Harlow what it was specifically about New York that turned the businessman off, O’Leary quipped, “Try to do a project in New York.”
“The regulatory environment is punitive,” he explained. “I had a project in upstate New York behind the grid in Niagara Falls for electricity, a global data center we were building. Eventually, it got so bad with the politicians in the local region and the state policy, we moved it to Norway and all the jobs.”
“Norway has it now,” O’Leary said. “Thousands of jobs coming out of that.”
“That’s New York. Uninvestable,” he stated. “Sorry. Don’t shoot the messenger.”
According to co-host Kaitlan Collins, there are some who would disagree, most notably, New York Governor Kathy Hocul.
“I will debate them any time of the day you want,” O’Leary firmly challenged.
“Particularly AOC,” he added, referring to New York Rep. Alexandria Ocasio-Cortez. “She is great at killing jobs. She kills jobs by the thousands.”
O’Leary was referring to Ocasio-Cortez’s infamous war with Amazon, which canceled its plans in 2019 for a New York City headquarters that would have brought at least 25,000 new jobs to the Big Apple.
(Excerpt) Read more at americanwirenews.com ...
Residents of those countries would not appreciate having you calling them socialist either. They might even explain that they pay a high amount of taxes for a high level of government services, a concept foreign to places like New York, New Jersey or California where the taxes are high and the services are $#*++y.
He is correct......................
I wouldn’t say New York is completely “uninvestable,” and the place (or at least Upstate) does have some advantages, but there is a definite rigid, socialist, brain-dead, central-planner mindset among government here, which puts government and politics at the fore of every major decision.
These days countries like Denmark and Norway have a lot of “leakage” since they have to spend a fortune supporting illegal and legal aliens.
They used to be great places....
According to co-host Kaitlan Collins, there are some who would disagree, most notably, New York Governor Kathy Hocul.
LOL, every governor of every state, says they want investment in their state, and will say their state is a great place to do business.
Whether it’s true or not, depends on the state and what their business regulations are. Just saying, governor of New York will always say it’s the greatest place to be.
Cortez The Job Killer
This gut is delusional if he thinks that braindead, horse-faced, POS libtard would debate someone in an open forum without enemedia filth to constantly deflect and interupt to assist the retard...
This guy is delusional if he thinks that braindead, horse-faced, POS libtard would debate someone in an open forum without enemedia filth to constantly deflect and interupt to assist the retard...
One reason: AOC is clueless how tax credits work, just ask Amazon.
I’m no fan of AOC, but this idea that she helped kill the Amazon deal in NYC is a myth. She had just been elected and wasn’t even in office when that fiasco went down. She just jumped on an anti-Amazon bandwagon that had already killed the deal.
Compared to Japan or Australia, most certainly. Compared to the United States, not so much.
When you’ve lost Mr Wonderful, words fail except for “You’re Dead to Me.”
Even an Amazon spokesman pinned it on her. I wouldn't say it was entirely her fault, but her big mouth is the primary reason Amazon decided to build elsewhere.
Even Snopes, as left-tarded as they tend to be, labels this as mixed, simply pointing out that she wasn't the only politician involved with Amazon building elsewhere.
You are wrong about this.
She may have been just elected, but she was an early starter of that bandwagon, and the "fiasco went down" three months after she spoke out, and one month after she took office.
According to the liberal Business Insider sourced timeline story:
-PJ
- Amazon's headquarters are in Seattle, employing more than 45,000 workers.
- However, in 2017, Amazon announced it was on the hunt for a second headquarters, dubbed HQ2. Amazon said the new headquarters would bring 50,000 new jobs and a $5 billion investment.
- Amazon received 238 proposals as cities across North America tried to win over the e-commerce giant. (10/23/2017)
- In January 2018, Amazon revealed its shortlist of 20 regions. (1/18/2018)
- After months of deliberation and rumors, Amazon announced in November 2018 that it would actually split the second headquarters between New York and Virginia. One office would be in the Long Island City neighborhood of Queens, New York, and the other would be in National Landing, a newly formed area in Northern Virginia. Amazon said each headquarters would receive roughly 25,000 new jobs. (11/6/2018)
- New York's HQ2 bid was strongly supported by Gov. Andrew Cuomo and Mayor Bill de Blasio. "I'll change my name to Amazon Cuomo if that's what it takes," Cuomo told reporters...(11/5/18)
- New York politicians began speaking out against Amazon's HQ2 plans almost immediately after plans to develop the headquarters in Queens were announced. "Amazon is a billion-dollar company," Rep. Alexandria Ocasio-Cortez tweeted in November. "The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here." (11/13/2018)
- In late November, protesters stormed an Amazon Books store in Manhattan. (11/26/2018)
- However, while Virginians and local politicians reacted mostly positively to the news, New Yorkers were less optimistic about HQ2. Amazon's plans raised concerns that the second headquarters could increase homelessness rates, send rents skyrocketing, paralyze public transportation, and create other problems for residents. (11/26/2018)
- A proposed $3 billion in tax incentives infuriated politicians and New Yorkers. A December poll found that 46% of New Yorkers said they supported the incentives, while 44% said they opposed it citywide. (12/5/2018)
- Amazon was slammed in the first of a series of planned hearings about Amazon's HQ2 deal in December. (12/12/2018)
- In January, New York City Council Speaker Corey Johnson told Business Insider that HQ2 was not "a done deal." "This is the beginning of a process where the public and the City Council and other elected officials are going to continue to seek answers and understand whether or not this is a good deal for New York City, or if we got played." (1/6/2019)
- Amazon began mailing New Yorkers ads touting the benefits of HQ2. (1/8/2019)
- In late January, Amazon unveiled new plans to win over New Yorkers. In another New York City Council meeting, Amazon pledged to reach out to small businesses, offer customer-service jobs to residents of local public-housing developments, and work on secondary- and higher-education initiatives. (1/30/2019)
- In early February, news broke that a noted Amazon critic had been nominated for a position in which he could veto HQ2. The New York Senate leader nominated Michael Gianaris, a vocal opponent of HQ2, for a seat on the New York State Public Authorities Control Board. (2/4/2019)
- On February 8, The Washington Post reported that Amazon was reconsidering its plan to open a campus in New York. "The question is whether it's worth it if the politicians in New York don't want the project, especially with how people in Virginia and Nashville have been so welcoming," a person familiar with Amazon's plans told The Washington Post. (2/8/2019)
- Amazon said it made the decision because "a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project." (2/14/2019)
* * * *
Agree, Alberta. In fact, Amazon is a company with a reputation of bleeding the taxpayer dry with guarantees -- the so-called "corporate welfare".
You'll recall of the New York City controversy that Amazon had a national campaign "second Amazon headquarters" campaign that pitted one city government after another to see who would come up with the most "incentives" so Amazon could choose among the bidders.
But the truth is: these bidding wars often disguise the fact that a large business like Amazon already knows which one or two sites are the most attractive. So the highly publicized bidding war is an attempt to suck as much corporate welfare as possible from an already pre-selected city/state.
This kind of things has been going on for decades and a great analysis of how it works is in a very well-written book by Greg LeRoy, The Great American Jobs Scam (written actually before Amazon came into prominence).
The entire book is available FREE on-line here. A good place to get a quick overview of the subject is the Foreword.
I'll also know that Georgia, my former state of residence, has the Jobs Scam formula down pat. The unKEMPt governor and his RINO cronies in the State House have been skimming the cream off these corporate welfare schemes for a long time.
Barmaid of the house.
People and investors vote with their wallets.
AOC is an absolute lightweight. She was and has been used for a specific purpose, one known to the puppet masters of the Left. The Squad is, for the most part, stone silent. and now they’re coming after AOC with a “credible ethics” investigation. Hell, her constituents hate her.
Omar under scrutiny for funneling money to her husband or whoever he is.
Pressley pushing for rent and eviction moratoriums while she owns Section 8 properties and never worried about rents being paid.
As for AOC being the reason for Amazon going to Nashville…..ha ha ha ha.
As poconopundit stated, Bezos knew where he was going. NYC might be a Dem stronghold, it isn’t a young, white hipster stronghold in the same way that Nashville is. I’m betting he and his executives took pleasure in watching all the different government types showing that they’d be willing to sell their kids and souls for the chance at having his campus. One he could pay for and not even have it dent in his bank account.
But I’m thinking that Bezos knew there were going to be NYC folks lining up to secure their sons, daughters, nieces, nephews, etc, no-show jobs in exchange for permit approvals, workers showing up to work, trash being collected, no protests for the gentrification that would have taken place. Nothing but people with their palms out, waiting for them to be greased.
Hell, the folks in Stonecrest, Ga were willing to rename the city, Amazon. All the while knowing that they’d be able to swindle all sorts of property owners out of their homes to get rich and completely gentrify a sizable chunk of Dekalb County, thinking that they’d maintain control.
Poconopundit alluded to the jobs scam. Well, the movie industry has too many Ga politicians in its hip pocket. Outside of some truck driving jobs and a few other peripheral jobs, the movie industry hasn’t created all that many jobs here. They’ve brought jobs here. There’s a difference in creating a job that a local can get as opposed to bringing a job with you, already filled by someone from the place your industry left behind for lower costs and taxpayer funded bribes. Bribes they have no say in.
During the 2022 primary vote, there was a question in the ballot concerning the tax for the movie industry. I don’t know if anyone that wants it. Yet I’ve heard nothing about the results. Interesting.
The deal was doomed early on as soon as several members of the city council and state legislature who represented that part of NYC — and had previously agreed to the deal — turned around and opposed it. And their opposition surfaced even before AOC figured out how to spell “HQ.”
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