Totally agree with both, NO taxpayer money to provide corporations to move to the state. Attract them the old fashioned way, low state taxes, competent workforce.
I trust Bezos and the DS will find ways to help her "grow" on the matter.
A bunch of FReepers disagreed and try to defend CRONY CAPITALISM. There is NO justification for giving TAX funds to Amazon.
Even a stopped clock can be right!
Throwing my hat into the agree ring as well. That crazy-eyed commie broad is right on this one.
What made the Amazon story such a joke is that they probably would have made the same decision about NYC and Virginia even if those states didn’t offer a penny in corporate welfare.
Its the socialist actually agreeing with the conservative. Any right thinking conservative realizes that “tax incentives” are a detrimental government intrusion into the free enterprise system. They give an advantage to politically well connected individuals and the cost is borne by higher taxes for most workers. Anyone surprised that the “progressive” multibillionaire Bezos who owns the propagandistic Washington Post gets his “deal” in Northern Virginia and Di Blasio’s New York. Few will benefit. Many will pay.
The difference is that Ocasio doesn’t know the economic impact of Amazon on tax payers. Even if she says she does, she...like...doesn’t.
Amazon.ComPost ....
Fascism AKA corpartism. Amazon is the Weyland-Yutani of our time.
ML/NJ
Givinging a tax break that will create jobs, individual and business income and, therefore, greater net tax revenue can be an all-around positive.
It is actually MORE EVIL to tax businesses than individuals because the business can just pass the tax to the consumer (citizen blames the business, not the government).
Taxes should only be applied to those things you want reduced. Working should be left alone.
I must say that I’m not unhappy that Indianapolis didn’t win this lottery as it would have put a strain on our infrastructure.
I also agree with the guest in the show that one of the real reasons that Amazon chose Virginia was so they would be in a position to act as full time lobbyists in order for Bezos to get even richer.
That said, corporate welfare is how the economic development game is played. All hail Amazon and Jeff Bezos for being masters of the game.
Interesting conversation this morning on FOX Business' Maria in the Morning show, supporting this viewpoint .
Actually Huffington Post should be amazed that she agrees with Tucker.
I’m all for tax incentives to recruit businesses. Actual subsidies and payments though......no.
Here's a short primer for those who are confused:
A dollar in the private sector is more useful and productive than a dollar in the government's hands.
Lowering taxes leads to more saving, which leads to more investment, which leads to more productive expenditure, which leads to both more demand for capital goods,and more demand for labor. More demand for capital goods leads more production and supply of capital goods, which leads to higher total productive ability, which leads to more economic progress, which leads to more prosperity for the economy as a whole. Higher productive ability also leads to more production and more supply, which helps keep average prices levels lower, which helps increase average real wage rates.
More demand for labor leads to increased employment and higher average money wage rates, which helps increase average real wage rates.