We have heard a lot about how a few New
York residents fought off Amazon from building a new headquarters in
the city. There were a lot of arguments as to why they thought the
new headquarters was a bad deal for the city. There was one aspect I
thought was bad—The city was going to give Amazon $300 million in
grants. No city should give away money and assets to lure
corporations to the area, even if it would mean huge economical
gains for the area. The only exception might be if citizens voted for
the assistance, such as when they have referendum votes to build
sports stadiums.
Amazon was promised $3 billion in tax
breaks. It seems impossible to explain to leftists that a tax break
is letting someone keep their money, not giving them money. I wrote
in Reasoning
Behind Eliminating Business Taxes how a business doesn't pay any
taxes, because they pass those costs on to the consumer. For this
reason a tax break shouldn't matter. For some reason, democrats seem
to believe the city will lose $3 billion if Amazon comes.