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Sure but the fact is when your mom and pop business is going to pay a higher effective tax rate than Amazon you're effectively subsidizing one of the largest an
by TheOperator 8y ago
Sure but the fact is when your mom and pop business is going to pay a higher effective tax rate than Amazon you're effectively subsidizing one of the largest and most powerful companies in the world. You're not attracting amazon by slashing taxes across the board you're giving one company a sweetheart deal.
Which is simultaniously at odds ideologically with both libertarian and progressive thought. From a Libertarian perspective you can see the state as shaking down all of Amazons competitors to pay for building Amazon's infrastructure, training Amazons employees, and enforcement of Amazon's monopolies on IP. This is perverse.
The US and NYC specifically is approaching historic levels of inequality. If you want to reverse that you have to say no to giving one of the most powerful companies in the world a sweetheart tax deal. If NYC doesn't say no then who will? The scuttling of this plan doesn't reflect a lack of rationality. It reflects different priorities than you have. The more powerful Amazon gets thanks to these sweetheart deals the more leverage they will have and that can mean negative consequences for the populace.