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It's not mainly Bezos. It's mainly investment/index funds - entities that that hold people's saving and retirement accounts.
by bluecalm 8y ago
It's not mainly Bezos. It's mainly investment/index funds - entities that that hold people's saving and retirement accounts.
- ilikehurdles 8y agoThe stock is down 0.61% today. Effectively flat, especially in a well diversified retirement account. It’s still up 2.8% WoW
- loeg 8y agoThe point stands — it's taking money out of the pockets of NYC residents, and delivering it to AMZN shareholders.
- alecco 8y agoPlaying Devil's advocate, these were tax cuts on new jobs and business. And even with that the income to the city coffers would be greater even in the short term.
- bluecalm 8y agoTax cuts/credits are not taking money of NYC residents. Actually the residents will get less money than if the deal was made. I hope this is obvious.
- WillPostForFood 8y agoIt is clearly not obvious: https://news.ycombinator.com/item?id=19163755 https://news.ycombinator.com/item?id=19163755