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No, but the idea that the only options are "amazon with a bunch of tax gifts" or nothing is a false dichotomy. The point is that NYC probably doesn't need Amazo
by moate 8y ago
No, but the idea that the only options are "amazon with a bunch of tax gifts" or nothing is a false dichotomy. The point is that NYC probably doesn't need Amazon's side (High End Jobs) as much as Amazon needed NYC (Access to high end talent, proximity to the center of the global economy).
There will always be some megacorp looking to open up in NYC. Why diminish the return for the city?
- coredog64 8y agoNYC tax revenue ebbs and flows on the strength of the finance industry (e.g. recent news that market slowdowns are showing up as a billion dollar shortfall in tax revenue). Google and Facebook are both ad-tech. Amazon would have brought a third major industry to town, something that could have worked to smooth out those tax revenue swings.