General Alexandria Ocasio-Cortez

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Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
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conor mcgregor nut hugger said:
It actually makes a lot of sense if you think about it.

But you guys clearly haven't thought about it so I'm not going to explain it to you...
Click to expand...
It makes zero sense.

Tax abatements are used to attract businesses to communities bacause they bring jobs and development, which in the long run brings in more tax dollars through increased commerce activity. It's a way for a city to invest in itself. Collect fewer taxes from one entity in order to attract them into your town in the hopes of creating a better place to live for your population.

I'm not saying the tax abatements for Amazon in this case were a good deal for New Yorkers. I haven't looked into it that thoroughly. But now that the deal fell through, the money doesn't just magically appear and get to be spent on something else. It doesn't exist.

Shrink it down.
Let's say the normal tax amount is $100.

Let's say the city made a deal with Amazon to only collect $30. That's a $70 saving for Amazon, but New York is still getting $30 it can do with as it chooses, plus whatever extra tax revenue that is generated from Amazon coming to town.

Now that the deal is gone and Amazon isn't going there, Amazon will be paying $0 in taxes, which is what New York gets to spend. $0.

Now if another company comes in to wherever Amazon was going and they have to pay the full tax amount (unlikely, as abatements are VERY common), then it might be able to be looked at as a net gain for the city - but there are a lot of other factors that come into play to figure that out.
 
Last edited:
M

member 3289

Guest
Hauler said:
It makes zero sense.

Tax abatements are used to attract businesses to communities bacause they bring jobs and development, which in the long run brings in more tax dollars through increased commerce activity. It's a way for a city to invest in itself. Collect fewer taxes from one entity in order to attract them into your town in the hopes of creating a better place to live for your population.

I'm not saying the tax abatements for Amazon in this case were a good deal for New Yorkers. I haven't looked into it that thoroughly. But now that the deal fell through, the money doesn't just magically appear and get to be spent on something else. It doesn't exist.

Shrink it down.
Let's say the normal tax amount is $100.

Let's say the city made a deal with Amazon to only collect $30. That's a $70 saving for Amazon, but New York is still getting $30 it can do with as it chooses.

Now that the deal is gone and Amazon isn't going there, Amazon will be paying $0 in taxes, which is what New York gets to spend. $0.

Now if another company comes in to wherever Amazon was going and they have to pay the full tax amount (unlikely, as abatements are VERY common), then it might be able to be looked at as a net gain for the city - but there are a lot of other factors that come into play to figure that out.
Click to expand...
You're almost there but you just have to think a little bit harder to get what AOC and I are saying...
 
Wintermute

Wintermute

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On the bleeding edge of the Overton Window, for sure. She'll be president in a tight 6 if she plays her cards right.
 
RussfromNH

RussfromNH

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conor mcgregor nut hugger said:
It actually makes a lot of sense if you think about it.

But you guys clearly haven't thought about it so I'm not going to explain it to you...
Click to expand...

Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money

New York City Mayor Bill de Blasio suggested on Sunday that critics of the potential Amazon campus New York City — such as Democratic Rep. Alexandria Ocasio-Cortez — got the facts wrong over the money behind the tax breaks.

On Sunday morning, de Blasio responded in the affirmative when Chuck Todd of NBC News’ “Meet the Press” asked if the tax breaks offered to Amazon weren’t “money you had over here. And it was going over there.”

The Democratic mayor said: “And that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

There’s no money — right,” de Blasio added.

Amazon had chosen the Long Island City neighborhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.

“If we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that money, if we wanted to,” Ocasio-Cortez said last week after the technology giant announced on Thursday that it had dropped plans to build the new headquarters in America’s largest city amid pressure from politicians and activists.

The mayor also noted to Todd that the deal could have been a way for progressive leaders to show a balance on economic issues.

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” de Blasio said. “The bottom line is, this was an example of an abuse of corporate power. They had an agreement with the people of New York City.”

He added: “They said they wanted a partnership, but the minute there were criticisms, they walked away. What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

The city was eager to lure the company and its thousands of high-paying technology jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange in November.

De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue. The governor and the mayor had argued that the project would spur economic growth that would pay for the $2.8 billion in state and city incentives many times over.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.
Cuomo lashed out at fellow New York politicians over Amazon’s change of heart, saying the project would have helped diversify the city’s economy, cement its status as an emerging hub of technology and generate money for schools, housing and transit.

“A small group (of) politicians put their own narrow political interests above their community,” he said.



 
M

member 3289

Guest
RussfromNH said:
Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money

New York City Mayor Bill de Blasio suggested on Sunday that critics of the potential Amazon campus New York City — such as Democratic Rep. Alexandria Ocasio-Cortez — got the facts wrong over the money behind the tax breaks.

On Sunday morning, de Blasio responded in the affirmative when Chuck Todd of NBC News’ “Meet the Press” asked if the tax breaks offered to Amazon weren’t “money you had over here. And it was going over there.”

The Democratic mayor said: “And that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

There’s no money — right,” de Blasio added.

Amazon had chosen the Long Island City neighborhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.

“If we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that money, if we wanted to,” Ocasio-Cortez said last week after the technology giant announced on Thursday that it had dropped plans to build the new headquarters in America’s largest city amid pressure from politicians and activists.

The mayor also noted to Todd that the deal could have been a way for progressive leaders to show a balance on economic issues.

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” de Blasio said. “The bottom line is, this was an example of an abuse of corporate power. They had an agreement with the people of New York City.”

He added: “They said they wanted a partnership, but the minute there were criticisms, they walked away. What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

The city was eager to lure the company and its thousands of high-paying technology jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange in November.

De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue. The governor and the mayor had argued that the project would spur economic growth that would pay for the $2.8 billion in state and city incentives many times over.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.
Cuomo lashed out at fellow New York politicians over Amazon’s change of heart, saying the project would have helped diversify the city’s economy, cement its status as an emerging hub of technology and generate money for schools, housing and transit.

“A small group (of) politicians put their own narrow political interests above their community,” he said.


Click to expand...
It would appear Mayor De Blasio hasn't really thought about it either...
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,571
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RussfromNH said:
De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue.
Click to expand...
$27 billion vs $0

Way to go AOC.
 
RussfromNH

RussfromNH

Live Free or Die
Dec 12, 2018
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Shit the reporting faded quickly regarding the alleged rape and sexual abuse allegations of the lieutenant governor of Virginia, Justin Fairfax,

The reporting also faded quickly regarding on the blackface controversy and outrage involving the Virginia governor Ralph Northam

Ralph Northam stating that you can kill a baby after it had been born if that’s what the woman wants, now that is CRAZY news but it to faded quickly into the night

and the same with the Covington kids
 
kneeblock

kneeblock

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Apr 18, 2015
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RussfromNH said:
Bill de Blasio corrects Ocasio-Cortez's claim about spending Amazon tax break money

New York City Mayor Bill de Blasio suggested on Sunday that critics of the potential Amazon campus New York City — such as Democratic Rep. Alexandria Ocasio-Cortez — got the facts wrong over the money behind the tax breaks.

On Sunday morning, de Blasio responded in the affirmative when Chuck Todd of NBC News’ “Meet the Press” asked if the tax breaks offered to Amazon weren’t “money you had over here. And it was going over there.”

The Democratic mayor said: “And that $3 billion that would go back in tax incentives was only after we were getting the jobs and getting the revenue.”

There’s no money — right,” de Blasio added.

Amazon had chosen the Long Island City neighborhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.

“If we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that money, if we wanted to,” Ocasio-Cortez said last week after the technology giant announced on Thursday that it had dropped plans to build the new headquarters in America’s largest city amid pressure from politicians and activists.

The mayor also noted to Todd that the deal could have been a way for progressive leaders to show a balance on economic issues.

“I have no problem with my fellow progressives critiquing a deal or wanting more from Amazon — I wanted more from Amazon, too,” de Blasio said. “The bottom line is, this was an example of an abuse of corporate power. They had an agreement with the people of New York City.”

He added: “They said they wanted a partnership, but the minute there were criticisms, they walked away. What does that say to working people, that a company would leave them high and dry, simply because some people raised criticism?”

The city was eager to lure the company and its thousands of high-paying technology jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange in November.

De Blasio and Democratic Gov. Andrew Cuomo said the $2.8 billion in tax breaks and subsidies they were offering Amazon would result in $27 billion in tax revenue. The governor and the mayor had argued that the project would spur economic growth that would pay for the $2.8 billion in state and city incentives many times over.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.
Cuomo lashed out at fellow New York politicians over Amazon’s change of heart, saying the project would have helped diversify the city’s economy, cement its status as an emerging hub of technology and generate money for schools, housing and transit.

“A small group (of) politicians put their own narrow political interests above their community,” he said.


Click to expand...
DeBlasio is being disingenuous here. The $27 billion figure comes from factoring in suppositions about NY based employees generating tax revenue through a combination of taxable income and consumer spending. Which is basically a way of saying workers will pay for Amazon coming to NY rather than direct payments from the company itself. Also due to the company's outright rejection of unions as acceptable, it means those same workers would have less discretion over setting a living wage while they were paying Amazon's rent. Also, there's no guarantee some of the middle income Amazon workers would have even lived in NYC, particularly those with families who would be more likely to commute from Jersey, Long Island or Connecticut.

For whatever reason AOC's name has been attached to this, likely because she's well known in media, but local politicians and grass roots activists along with labor leaders have been waging this argument against the Amazon deal since it was first announced NY was in the running. The collapse of this deal, for better or worse, was their work, not hers.
 
Rambo John J

Rambo John J

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Jan 17, 2015
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RussfromNH said:
Shit the reporting faded quickly regarding the alleged rape and sexual abuse allegations of the lieutenant governor of Virginia, Justin Fairfax,

The reporting also faded quickly regarding on the blackface controversy and outrage involving the Virginia governor Ralph Northam

Ralph Northam stating that you can kill a baby after it had been born if that’s what the woman wants, now that is CRAZY news but it to faded quickly into the night

and the same with the Covington kids
Click to expand...
Certain stories are pushed to the top to allow others to die out and hide in the weeds.

Sacrificial lambs
 
RussfromNH

RussfromNH

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Dec 12, 2018
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Kneeblock said:
DeBlasio is being disingenuous here. The $27 billion figure comes from factoring in suppositions about NY based employees generating tax revenue through a combination of taxable income and consumer spending. Which is basically a way of saying workers will pay for Amazon coming to NY rather than direct payments from the company itself. Also due to the company's outright rejection of unions as acceptable, it means those same workers would have less discretion over setting a living wage while they were paying Amazon's rent. Also, there's no guarantee some of the middle income Amazon workers would have even lived in NYC, particularly those with families who would be more likely to commute from Jersey, Long Island or Connecticut.

For whatever reason AOC's name has been attached to this, likely because she's well known in media, but local politicians and grass roots activists along with labor leaders have been waging this argument against the Amazon deal since it was first announced NY was in the running. The collapse of this deal, for better or worse, was their work, not hers.
Click to expand...


It's understandable, DeBlasio confused the fck out AOC, but she still paints herself as something she is not.... intelligent
 
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