> and ultimately because the deals were so good he already reneged on the number of jobs promised by creating 2 new HQs resulting in 1/2 the jobs and investment while double dipping on the tax credits.
They lost the NY tax credits because they were so cartoonishly aggressive that AOC got the whole thing canceled by tweeting about it. Then they built it anyway without any credits.
Imagine if you ran a business. Meaning you purchased or leased a property, signed contracts and you are competing in the free market.
Then along comes a competitor and your local government gives them $1B+ in grants (consisting of the taxes you pay) they use to buy a property and they get $1B+ in tax credits.
You may think highly of yourself and your business but you can’t outcompete that and they will drive you out of business using in part your taxes to do it. If you don’t call that anti-business it’s at least anti-competitive.
We're talking about competing businesses not workers.
And funny enough, more jobs at Amazon also means less worker supply for competing businesses. So even that is anti-competitive in a roundabout way. (Even though, yes, high worker demand is good for the economy in general).
Yes, but competition between business can be good for consumers and employees. So not sure if your comment about "so bad for business" is all that clear cut.
And whether or not Amazon creates HQ2 to NYC, does that impact their competitiveness with local NYC businesses? I doubt it.
Competition is good, Amazon's practices are bad for competition.
Inviting Amazon to NYC with tax incentives is similar to planting a great white shark in a small lake, injecting the local fish with sedatives and the shark with a mix of steroids and stimulants.
HQ is really just a name. You can call your smallest office the HQ if your CEO sits there, it has nothing to do with the number of employees. What's interesting to the government is where taxes are paid. But for large companies that got little to do with where workers are located.
They lost the NY tax credits because they were so cartoonishly aggressive that AOC got the whole thing canceled by tweeting about it. Then they built it anyway without any credits.