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What? Of course NY and VA will benefit. Otherwise they wouldn't give Amazon the tax breaks to attract them.
by favorited 8y ago
What? Of course NY and VA will benefit. Otherwise they wouldn't give Amazon the tax breaks to attract them.
- mikeash 8y agoI really don't think that follows. All you can tell from this is that politicians think it will benefit them, possibly (but far from guaranteed) because voters think it will benefit the region. (FWIW I think it will benefit both regions, although I don't like the race-to-the-bottom competition and special treatment that led to it.)
- lotsofpulp 8y agoThat is some specious reasoning. The politicians are betting that NY and VA will benefit more than the tax breaks cost, but those calculations involve a lot of assumptions such as the politicians using rosy numbers to get votes in the short term or indirectly benefiting from Amazon after their political career is over. There’s a million ways the process could be corrupted.
- zdragnar 8y agoThat's literally how all government budgeting works, because there's never an audit with consequences. Or, as is the case with pensions which assumed 8% no-risk annual returns, the consequences are decades down the road.
- lotsofpulp 8y agoExactly, that’s also a huge problem and it needs to change.
- sidlls 8y agoOne doesn't follow from the other. The politicians benefit from being able to claim added jobs, prestige, etc. The cities and states may or may not benefit and whether they do is almost certainly far down on the list of things the politicians considered, except for how it looks on paper.
- goldfeld 8y agoIs "NY" the society or the high society for you? Saying "NY" is beyond vague.
- SilasX 8y agoThey believe they will benefit. Talk to Scott Walker and his hilariously bad Foxconn deal.