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So do employees of companies: income tax and sales tax and property tax. Even if Amazon gets a fairly large tax break, but net effect is overwhelmingly positiv
by OkGoDoIt 9y ago
So do employees of companies: income tax and sales tax and property tax. Even if Amazon gets a fairly large tax break, but net effect is overwhelmingly positive. The main downside of increased local wealth is higher overall prices and gentrification, which isn’t an entirely bad thing as long as it’s at reasonable levels. So all these new residents come to Philly or wherever, drive up rent prices. That means the local Philadelphia landlords become wealthier. I hate high rent prices, but I feel like this is a net benefit to both local residents and newcomers who come for the job.