4 ms·
Big ticket? Of the abatements, only $500M (the portion related to construction) wasn't available to any business that met the state's requirements. Giveaway?
by stvswn 8y ago
Big ticket? Of the abatements, only $500M (the portion related to construction) wasn't available to any business that met the state's requirements. Giveaway? These are tax incentives that are part of the state's tax code -- taking less in taxes to incentivize a particular action is not the same as giving away money that could be spent elsewhere (to illustrate why it isn't the same, that money is not currently available to be spent elsewhere). NYC won HQ2 originally in spite of not giving nearly as much as other jurisdictions were willing to. The polling is much higher than 56% when the question is asked generally, and the polling is highest in Queens which stood to gain the most. The city may or may not "need" 25,000 new jobs but LIC certainly "wanted" those jobs. The proposal was most popular among Black and Hispanic Queens residents and least popular among White Manhattan residents -- suggesting that those who stood to benefit from local economic activity were most excited.
- anth_anm 8y ago> NYC won HQ2 originally in spite of not giving nearly as much as other jurisdictions were willing to. Because the entire "competition" was a sham. Amazon was never going to park the future of the company into a place lacking talent. > The proposal was most popular among Black and Hispanic Queens residents and least popular among White Manhattan residents That's a good point, but the counter is that the Black and Hispanic residents are the ones who would end up pushed out by Amazon's white and asian workers.
- stvswn 8y agoSo it's false consciousness, then? You know what's best for them?
- nihonde 8y agoOf all the crummy talking points defending Amazon in this situation, the most odious is the idea that regular working New Yorkers lost an opportunity to get good jobs and upgrade their livelihoods. Amazon has an established record of being terrible to its workforce, and any fool knows that the workers in Amazon HQ2 aren’t going to be regular joes in Queens. At best, ordinary New Yorkers had a shot at serving HQ2 executives their coffee or delivering their food. Even then, their rents would be spiking due to gentrification and their businesses would be threatened by Amazon’s unique flair for vertical integration. And don’t even start with the tax-positive arguments. Amazon doesn’t pay taxes. Have a look at their federal returns.
- betterunix2 8y agoLIC and the rest of the broader NYC region has been undergoing gentrification for many years now, and Amazon probably would not have had much impact on that. Amazon's vertical integration will impact local businesses regardless of where they place their offices. The reason New Yorkers are not going to suffer is that there are tons of jobs in NYC and numerous big corporate offices. This is probably one of the most overblown issues in NYC politics that I can remember.
- nihonde 8y agoTrue about LIC already undergoing gentrification. But it’s still kind of affordable, at least to young white collar workers who are priced out of Manhattan or the expensive parts of Brooklyn. Amazon execs are paid big bucks. My friends who work there left behind multi-million dollar salaries without missing a beat. Having that kind of money fall into a developing area would ensure that even the baby bankers and lawyers were sent packing to the Bronx or Newark or wherever.
- trizzak 8y agoI’d be pretty surprised if a large percentage of those 25,000 jobs were going to have million dollar salaries. And who is to say that the handful that might have income that high would live in LIC, as opposed to a neighboring area.
- jupp0r 8y agoThose 25000 workers would have paid income taxes and property taxes.
- ionised 8y agoAnd they still will, with different employers that hopefully have a better reputation for the treatment of their employees (and hopefully pay a fair tax contribution).
- stvswn 8y ago