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> Tell me, what do you think would happen if you gave them $500 million more? Honestly with the way Seattle is with it's taxes. I highly doubt it; there's alr

by damm 8y ago

> Tell me, what do you think would happen if you gave them $500 million more? Honestly with the way Seattle is with it's taxes. I highly doubt it; there's already 90 million allocated and all they have been doing is studies and trying to help outreach programs. I know what I could do with 500million if I had it; I'd build a bunch of low income housing apartment complexes all over town and use outreach to bring people off the streets. I don't think Durkan is up to the task however. > I'm still waiting for them to fix the roads after we gave them another tax levy to fix the roads. It's been almost 4 years in some area's. Now if you want to argue that Seattleite's are overtaxed and we don't see enough out of it. I'm game i'll agree with you. But as far as Amazon; my view is they are one company who is too big. If they were like other companies like Nintendo and Microsoft and Google who have offices all over Metro Seattle and King County I would have much more sympathy. If they were a little guy trying to make ends meat I would. However Amazon is a big fish. Their earnings show it. Revenue: $51.04 billion vs. $49.78 billion, as estimated, according to Thomson Reuters EPS: $3.27 per share vs $1.26 per share, as estimated, according to Thomson Reuters AWS revenue: $5.44 billion vs. $5.25 billion, as estimated, according to FactSet https://www.cnbc.com/2018/04/26/amazon-earnings-q1-2018.html https://www.cnbc.com/2018/04/26/amazon-earnings-q1-2018.html

bellt0wn98121 8y ago
Amazon profits are like 1%-2%. At the end of the day, they don't make money like Microsoft, FB, or Google. Their stock price has whatever future potential baked in at their insane P/E ratio. You have sympathy for the other companies because they're spread out in the Bellevue/Seattle/Kirkland/Redmond region vs primarily being situated Westlake/SLU? Your argument doesn't make sense to me. I don't think Amazon is too big. People just shit on them because their jobs are mostly on the SLU area and do well at highlighting the wealth or income disparity in downtown vs someone like MSFT who is further out in places like Downtown Bellevue and Redmond, where there are hardly any homeless people. On the east side, 405 traffic is just as horrible as I5 is next to Mercer. You can't pin that all on Amazon.

by damm 8y ago

bellt0wn98121 8y ago

Amazon profits are like 1%-2%. At the end of the day, they don't make money like Microsoft, FB, or Google. Their stock price has whatever future potential baked in at their insane P/E ratio. You have sympathy for the other companies because they're spread out in the Bellevue/Seattle/Kirkland/Redmond region vs primarily being situated Westlake/SLU? Your argument doesn't make sense to me. I don't think Amazon is too big. People just shit on them because their jobs are mostly on the SLU area and do well at highlighting the wealth or income disparity in downtown vs someone like MSFT who is further out in places like Downtown Bellevue and Redmond, where there are hardly any homeless people. On the east side, 405 traffic is just as horrible as I5 is next to Mercer. You can't pin that all on Amazon.