3 ms·
Wouldn't you rather existing NYC residents build new companies to make it a tech center? You're just letting the giant school bully take over your neighborhood
by fjp 8y ago
Wouldn't you rather existing NYC residents build new companies to make it a tech center?
You're just letting the giant school bully take over your neighborhood for below market value (due to the massive tax breaks) and declaring "Look! We're a tech center!"
- hopler 8y agoWhy don't you think existing NYC residents would want to work at Amazon?
- int_19h 8y ago> below market value (due to the massive tax breaks) I don't see how "below market value" follows from "massive tax breaks". Are you implying that the standard tax rate is somehow determined by the market? Because it's not, and "market value" is whatever the market is willing to pay for it. Unless they have someone other than Amazon offering the same benefits for less, then Amazon offer was market value.
- fjp 8y agoBecause they're essentially paying: market value - value from future tax breaks discounted to current value