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This also jives really wel with the banking deregulation bill republicans and democrats want to pass. They used the excuse that small banks and credit unions g
by marricks 8y ago
This also jives really wel with the banking deregulation bill republicans and democrats want to pass.
They used the excuse that small banks and credit unions got screwed a bit with Dodd-Frank so we need to pass a bill to fix that, and oh by the way we’ll roll back big player regulations along the way cause that’s all we actually cared about.
My point is, small business get screwed all the time and it sucks and should be fixed, but for the love of god don’t use that as a justification for why Amazon should be able to shop around to dozens of cities to get a better deal than anyone else could (or why we should pass banking deregulation).
Your framing of the argument, and that comment, seems like an intentional misdirection.
- CoolGuySteve 8y agoThat's some nice whataboutism concerning Dodd-Frank. With regards to uneven enforcement, you would have to be delusional to think that these same tax incentives aren't being extended to every other large development, be it Google NYC, Goldman's 200 West, or Jared Kushner's DUMBO mall. You can even download a list of NYC property tax refunds here: https://www1.nyc.gov/site/finance/taxes/property-refunds-2018.page https://www1.nyc.gov/site/finance/taxes/property-refunds-201... The only reason you're hearing about this one is because of Amazon's unconventional bidding stunt and its publicity. The process is outrageous and benefits large developers the most. But it's naive to think these companies won't always lobby for lower taxes, and cynical to think that the same benefits can't be extended to smaller firms.