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But as a thought experiment, say they did create 25,000 jobs at an average salary of 100,000. What type of taxes and secondary effects on the economy does this
by tmaly 8y ago
But as a thought experiment, say they did create 25,000 jobs at an average salary of 100,000. What type of taxes and secondary effects on the economy does this have?
Does the city get back more than the 3 billion in concessions and how long does that take?
- andylei 8y agothey estimated about 30B over 10 years
- tmaly 8y agoso they give up 3B and get 30B in return?
- thomasmeeks 8y agoLooking at it from a strictly "benefit to government's tax coffers" standpoint (since that's the argument for the tax breaks): Would those new Amazon jobs cause 25k people to move to NYC? Or is it more likely to just make the local market more competitive? How would other businesses react? Would they move? Embrace remote? If they increase salary across the board and live with unfilled positions, how does that affect tax revenue? Even if those people do move, how does that influx affect people with lower paying jobs? Will they be pushed out? How does that affect tax revenues? Those are the kinds of questions I saw raised by opponents, and it seems like there weren't clear answers to them.
- tmaly 8y agoWould the net effect be to increase demand for those skill sets and by extension increase salaries?