Amazon To Not Build 2nd HQ in New York

[fskimospy]

Did anyone project the revenues from Amazon?

Yes there’s all sorts of fiscal analysis on this around.

 

[theeedude]

Can you explain how the treasury would be raided?

The situation here was (using a simple example) instead of paying $10 in taxes Amazon would pay $5. That's the subsidy given. It was not 'New York pays Amazon $5.' The treasury would still get money, just not as much as it would otherwise.

I totally get being opposed to that too but we should be clear on what is happening.

They shouldn't get special tax treatment that other local businesses don't get, just because of their size and political power. Americans are going through a populist period precisely because they are sick and tired of big corporations rigging the government in their favor, and Amazon was completely tone deaf to it with their entire HQ2 freak show. Them throwing a tantrum and storming out just because some local politicians said mean things about them is just icing on the cake.

 

[s0me0nesmind1]

They shouldn't get special tax treatment that other local businesses don't get, just because of their size and political power. Americans are going through a populist period precisely because they are sick and tired of big corporations rigging the government in their favor, and Amazon was completely tone deaf to it with their entire HQ2 freak show. Them throwing a tantrum and storming out just because some local politicians said mean things about them is just icing on the cake.

For the last time dipshit - WE AGREE on that.

That still doesn't take away from the fact that it was an overall incredibly stupid move for NY.

 

[Blackjack200]

Inject this directly into my veins

https://twitter.com/x/status/1096434850607910914

 

[UglyCasanova]

I think that’s a tad dramatic

 

[theeedude]

For the last time dipshit - WE AGREE on that.

That still doesn't take away from the fact that it was an overall incredibly stupid move for NY.

I think it's a good outcome all around, except landlords.
Amazon should set up more smaller offices around the country instead of trying to jam 25000 new employees into an area with limited real estate.

 

[realibrad]

I think it's a good outcome all around, except landlords.
Amazon should set up more smaller offices around the country instead of trying to jam 25000 new employees into an area with limited real estate.

Is that your expert business advise? Amazing how you know what to do better than all those people working at Amazon.

 

[Indus]

This implies that New York City/State would have a net loss in revenues from Amazon's relocation. I have seen no analysis anywhere that says such a thing.

If it's not a net loss of revenues, nobody's cutting them a check.

It comes out of property taxes. Residents property taxes.

I've already paid $7500 this year for living in 1 family 2500 square feet in a suburb. And it keeps going up. Gentrification is real.

And that's why the local community pushed back.. Amazon is rich enough to not "need" this money from the people but they wanted to strong arm it anyway. To that I say good riddance.. no more public welfare..

P.S. How come google manages to play within the rules.. they have a huge office here.

 

[Indus]

For the last time dipshit - WE AGREE on that.

That still doesn't take away from the fact that it was an overall incredibly stupid move for NY.

Would you like to pay $7500 or more in property taxes every year or would that be more stupid?

I know some who are paying $22k for about the same 2500 square feet as mine but out in long island.

 

[SlowSpyder]

Between, NYC, AOC, and Seattle's attempt at an Amazon tax, Amazon must be feeling great about doing business in blue cities and states.

 

[K1052]

Basically what I expected.

For Amazon, long accustomed to highly deferential treatment from localities across the country, the phone call was a further indignity after weeks of relentless criticism from lawmakers, unions and progressive activists that the company feared was staining its reputation.

On Thursday, Amazon abruptly announced that it was canceling the deal, under which the company had promised to create more than 25,000 jobs on a new campus in Long Island City, Queens, in return for nearly $3 billion in government incentives.

An examination of the deal’s collapse showed that Amazon badly misjudged how it would be received in New York, apparently because the company has rarely ventured into such a raucous political arena as it has pursued a breakneck expansion in recent years.

Amazon can deliver toothpaste in traffic-snarled Manhattan on the same day an order is placed. But when it came to navigating the politics of New York, the company appeared out of step, a giant stumbling onto a political stage that — despite its data-driven success — it never fully understood.

“Amazon underestimated the power of a vocal minority and miscalculated how much it needed to engage with those audiences to make HQ2 a success,” Joseph Parilla, a fellow at the Brookings Institution, said, referring to the second headquarters search.

The company, in particular, failed to develop a robust strategy to address the growing influence of the progressive left in New York, led by Representative Alexandria Ocasio-Cortez of Queens, who was elected in November and was a fervent skeptic of the deal.

It looks like the company totally failed to grasp the political dimensions of where they were doing this and how.

https://www.nytimes.com/2019/02/15/nyregion/amazon-hq2-nyc.html

 

[theeedude]

Is that your expert business advise? Amazing how you know what to do better than all those people working at Amazon.

This is a sheepish argument.
Besides, even they are now saying they don't plan to rebid second HQ2 and will hire throughout the country instead, which is good for everyone involved, except NY landlords.

 

[theeedude]

Between, NYC, AOC, and Seattle's attempt at an Amazon tax, Amazon must be feeling great about doing business in blue cities and states.

That's where top tech talent wants to live, even if it costs them a lot. Maybe red cities and states should look in the mirror and ask why, instead of being salty about it.

 

[fskimospy]

This is a sheepish argument.
Besides, even they are now saying they don't plan to rebid second HQ2 and will hire throughout the country instead, which is good for everyone involved, except NY landlords.

Sounds like New York should fix its housing policy then, not chase away tens of thousands of high paying jobs.

 

[realibrad]

This is a sheepish argument.
Besides, even they are now saying they don't plan to rebid second HQ2 and will hire throughout the country instead, which is good for everyone involved, except NY landlords.

How is it sheepish. You just gave business advise to Amazon about things you know very little about. Consolidating operations can be far more efficient depending on the situation. Its why cities are generally vastly more efficient.

 

[jman19]

How is it sheepish. You just gave business advise to Amazon about things you know very little about. Consolidating operations can be far more efficient depending on the situation. Its why cities are generally vastly more efficient.

Usually I don't do this but... advise is not the same as advice. One's a verb, the other a noun.

 

[theeedude]

Sounds like New York should fix its housing policy then, not chase away tens of thousands of high paying jobs.

NY has a high population density already.

 

[fskimospy]

NY has a high population density already.

Clearly not nearly high enough, considering the demand. Houses are expensive because the demand exceeds the supply. It is common sense to create more supply.

If you really want the landlords to get theirs then make more houses, it will decrease their rents.

 

[Jaskalas]

1) it’s not her district.

2) her support or opposition had nothing to do with this decision.

Why are conservatives so obsessed with this lady?

I imagine there's a similar human behavior in our reaction to AOC as we reacted to Trump.

She's not exactly a politician, she's a standout, and speaks more forward than others, less guarded, and there are gaffs or mistakes that others hope to seize upon. So the media is non-stop, constant coverage one day after another with a result of building up somebody who has little to nothing into a rock star. Power is partly perception, and this obsessing literally creates it. The media obsession over Trump MADE him President. The media obsession over AOC may help her too, at least in the short run. But she isn't running for President, so it's difficult to predict where she'll be in 4-8 years after her stardom grows stale.

It's easy to see how a Presidential campaign can capitalize on this pathetic media behavior.
I'm not sure how AOC will be able to capitalize from it. Maybe she can figure it out in the next few years.

 

[UglyCasanova]

I’m obsessed with her because she’s the hottest member of Congress by far.

 

[SKORPI0]

I’m obsessed with her because she’s the hottest member of Congress by far.

.

Right, I'll have what "poison" you're drinking.

 

[realibrad]

Usually I don't do this but... advise is not the same as advice. One's a verb, the other a noun.

Lol, you can tell when I post from a phone vs PC.

 

[theeedude]

Clearly not nearly high enough, considering the demand. Houses are expensive because the demand exceeds the supply. It is common sense to create more supply.

If you really want the landlords to get theirs then make more houses, it will decrease their rents.

Sounds like you agree with me that the best use of land, which Amazon was going to use to add more office space and increase housing demand, is to instead build residential units and increase housing supply.

 

[fskimospy]

Sounds like you agree with me that the best use of land, which Amazon was going to use to add more office space and increase housing demand, is to instead build residential units and increase housing supply.

There are tons of places to build houses in New York. The problem is zoning, not lack of places to build.

 

[theeedude]

There are tons of places to build houses in New York. The problem is zoning, not lack of places to build.

I agree they should zone for residential, not more office space.