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If there's one silver lining to this HQ2 spectacle, it seems to have really soured a lot of folks on handouts to large corporations over often illusory or exagg
by lenticular 8y ago
If there's one silver lining to this HQ2 spectacle, it seems to have really soured a lot of folks on handouts to large corporations over often illusory or exaggerated promises of jobs and investments. We've been through this in Seattle ad nauseum with both Boeing and Amazon. Wisconsin is currently learning an even harsher lesson with Foxconn.
Most recently, Amazon threatened to pull out of a large skyscraper project if the head tax went through[0]. It didn't, and a few days ago they announced that they would not be moving into the building anyway.
Even if you are a small-government libertarian, you should be opposed to these policies, as they are blatant handouts to powerful players. Small- and medium-sized businesses don't get this kind of treatment. This is a race to the bottom among states and municipalities. It is oligarchical, crony capitalism.
[0] https://www.geekwire.com/2019/amazon-backs-massive-seattle-office-tower-questions-swirl-growth-plans/ https://www.geekwire.com/2019/amazon-backs-massive-seattle-o...
- deleted 8y ago[deleted]
- anth_anm 8y ago> It didn't, and a few days ago they announced that they would not be moving into the building anyway. It did, after months of debate and planning. Amazon and a few others got it scrapped almost instantly. > It is oligarchical, crony capitalism. Our society is built to fuel the interests of the wealthy. It's just capitalism. No special modifiers required.