4 ms·
I think a lot of us forget that there is an economic multiplier occurring when a company of Amazon's magnitude comes and sets-up shop. There are also clear bene
by Gpetrium 8y ago
I think a lot of us forget that there is an economic multiplier occurring when a company of Amazon's magnitude comes and sets-up shop. There are also clear benefits from having educated individuals setting-up shop in your city. Not accounting for all the other ways that taxes and commerce exist for companies of that size (E.g. Payroll tax, etc)
I agree that there are some negative factors that have to be accounted for that are not associated with the subsidies. I also find it unnecessary for a place like NY to be provide that degree of subsidies since it already has a quite robust environment full of successful businesses.
I think the US would be better off having Amazon's HQ2 in another area of the country (a combo of North Carolina/Virginia maybe?) to diversify the country's technological output from California & NY.