Hey ! I'm AOC and I just cost New York 27 Billion in Tax dollars !

[Nutty Cortez]

NC #39
New York State tax rates are set by legislative process, in Albany.

What Governor Cuomo and Mayor Deblasio did was to circumvent the will of the people.
Not some incidental, de minimus infraction. $Literally $Billions of $dollars were at issue.

And why? For 25,000 jobs?
For 25,000 costing $3 $Billion, that's a $cost to the $tax $payer of $120K per job.
That's quite likely over a year's salary on median, for the jobs on offer.

But I understand.
You don't mind $gifting $Billions to $Billionaires.
Perhaps someday if you ever study $fiscal $conservatism, and the fundamentals of ethical principle, you'll learn why this was a bad deal for New York.

This is NYC. Sorry.

So you never negotiate price on anything? I see. Next time you pay for a car or home don't you dare try to get it for a dollar less, or you are a hypocrite.

It was going to cost the city NOTHING.

Socialist Greed for the state took over. Thank GOD ! Those are my peeps!

`The facepalm heard around the world. `

Don't worry. Some other state will gladly accept the Billions in taxes to help with roads, schools, helping homeless etc. While a depressed area of NYC will be raising taxes and taxing other things to make up for it. You know on the little people.

Meanwhile
https://www.marketwatch.com/story/amazons-hq2-could-bring-local-economy-as-much-as-17-billion-a-year-new-study-says-2018-02-28

 

[sear]

"This is NYC." Captain Obvious #41

New York City is NYC ?!?!

- oh -

Do you plan to apply for a patent on that? Or do you think public domain is the way to go?

"Sorry."

Unmistakably.
But apology will not unring the bell.

"So you never negotiate price on anything? I see." NC

I've previously explained that I've done PRECISELY that.

Liberal Dictionary Words of the Day

"Next time you pay for a car or home don't you dare try to get it for a dollar less, or you are a hypocrite. "

I've never paid $3 $Billion over sticker for a car in my life. And if you have you're even more of a buffoon than I thought.

"It was going to cost the city NOTHING."

a) It was going to cost $3 $Billion.

b) In addition to that it was going to substantially burden the local infrastructure.

 

[Raoul_Luke]

NY is Losing 2 billion a year in taxpayers fleeing the state due to my favorite socialist confiscatory taxes. Woot Woot.

25000 Jobs, 25000 tax payers and another 40000 jobs (taxpayers) due to construction, support, residual business.

65000 more taxpayers in NYC.
All for a 10% discount in taxes for 27 Billion plus in the end.

No wonder my jealous communist socialist liberal base doesn't get it - Guess they are as dumb as me ! woot woot !

The idea that this will reverse the loss of taxpayers over time is silly.

 

[Raoul_Luke]

What rational producer has been driven away?

It makes absolutely no sense to not have a business create 25k jobs because the guy who runs it wants a break on taxes for doing business in your city.

NY is hemorrhaging taxpayers. I don't think it's the welfare crowd leaving. It's the wealthy and the retirees who are looking to lighten their tax loads. Since when is it "conservative" for the government to subsidize anything, much less a profitable megacorp?

 

[Raoul_Luke]

New York City is NYC ?!?!

- oh -

Do you plan to apply for a patent on that? Or do you think public domain is the way to go?

Unmistakably.
But apology will not unring the bell.

I've previously explained that I've done PRECISELY that.

Liberal Dictionary Words of the Day

I've never paid $3 $Billion over sticker for a car in my life. And if you have you're even more of a buffoon than I thought.

a) It was going to cost $3 $Billion.

b) In addition to that it was going to substantially burden the local infrastructure.

Um, that would be a copyright, not a patent.

 

[Raoul_Luke]

Here's the bottom line on this - if you find yourself on the same side as both Democrats and Republicans, you should seriously reconsider your position...

 

[sear]

RL #45

Correct.
So you're non-commital on the public domain issue.

 

[middleview]

The U.S. government (AKA TAXPAYERS) lost $11.2 billion on its bailout of General Motors, according to a 2014 government report.

SO YOU ARE IGNORANT TO THE TOPIC.

What would it have cost to have a million people out of work? How much did those workers pay in taxes over the next two years? The taxpayers came out ahead.

 

[middleview]

Ummm because I said so.


Thursday, Cuomo blamed the shocking decision on socialist democratic darling Ocasio-Cortez and others like her.

"[A] small group [of] politicians put their own narrow political interests above their community – which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City – the state's economic future and the best interests of the people of this state," Cuomo said publicly. "The New York State Senate has done tremendous damage. They should be held accountable for this lost economic opportunity."

That's Cuomo going against your girl you adore and worship.

Funny. I don't remember one single favorable comment in any of my posts about her and yet you think I adore her.

 

[middleview]

She absolutely led the charge to end this.

The NY state legislature was looking into tha tax incentives. It ended because Amazon called it off.

 

[middleview]

So does it make sense to you that a city & state that have implemented tax policies that are driving rational producers away turn around and give billionaires a waiver to those tax policies in an effort to create more tax slaves in order to keep their welfare state Ponzi schemes afloat? It doesn't to me...

A few years back United airlines got huge tax breaks to move a maintenance center from DIA. It was a huge waste of taxpayer's money when the improvements at DIA (stapleton) and surrounding roads were basically made irrelevant. Then United abandoned the Indianapolis base after only 7 years and put 3,000 people out of work. In 1994 when United baited a number of cities into competing for the base they promised over 6,000 jobs. They never got there.

Short term thinking always ends up being too optimistic by far....but the politicians are only in the game for the next election.

 

[Nostra]

A few years back United airlines got huge tax breaks to move a maintenance center from DIA. It was a huge waste of taxpayer's money when the improvements at DIA (stapleton) and surrounding roads were basically made irrelevant. Then United abandoned the Indianapolis base after only 7 years and put 3,000 people out of work. In 1994 when United baited a number of cities into competing for the base they promised over 6,000 jobs. They never got there.

Short term thinking always ends up being too optimistic by far....but the politicians are only in the game for the next election.

NY is now getting no taxes and no jobs from Amazon................Libnut WINNING!

 

[middleview]

NY is now getting no taxes and no jobs from Amazon................Libnut WINNING!

Indianapolis paid tax incentives for 6,000 jobs, but got 3,000..meanwhile they spent millions on roads and buildings. Then, after 7 years, they got the shaft as United shifted work to other areas and even other countries.

Funny how you guys were so pissed about the money lent to GM and Chrysler to save a million jobs, but billions to get a few thousand jobs is a good deal.

 

[Raoul_Luke]

A few years back United airlines got huge tax breaks to move a maintenance center from DIA. It was a huge waste of taxpayer's money when the improvements at DIA (stapleton) and surrounding roads were basically made irrelevant. Then United abandoned the Indianapolis base after only 7 years and put 3,000 people out of work. In 1994 when United baited a number of cities into competing for the base they promised over 6,000 jobs. They never got there.

Short term thinking always ends up being too optimistic by far....but the politicians are only in the game for the next election.

Now, if only you would apply that same logic to the GM bail out:

https://www.foxbusiness.com/industrials/gms-14000-layoffs-by-the-numbers

Maybe finally you will start to get it...

 

[middleview]

Now, if only you would apply that same logic to the GM bail out:

https://www.foxbusiness.com/industrials/gms-14000-layoffs-by-the-numbers

Maybe finally you will start to get it...

I'm pragmatic, you're dogmatic. I see that a million people losing their jobs on top of the millions who had already lost their jobs in 2008 would have been unacceptable.

While you seem to think someone would have invested in GM and saved those jobs, I see that every major investor was bailing out of investments in GM, Ford and Chrysler and that nobody would come up with $50 billion to save the company.

I also see the costs associated with a million more people on unemployment, food stamps, Medicaid and other government assistance. Basically the money for GM was a loan. The tax deal for Amazon was a gift.

 

[sear]

RL #54

Study "cascade failure".

 

[Raoul_Luke]

I'm pragmatic, you're dogmatic. I see that a million people losing their jobs on top of the millions who had already lost their jobs in 2008 would have been unacceptable.

While you seem to think someone would have invested in GM and saved those jobs, I see that every major investor was bailing out of investments in GM, Ford and Chrysler and that nobody would come up with $50 billion to save the company.

I also see the costs associated with a million more people on unemployment, food stamps, Medicaid and other government assistance. Basically the money for GM was a loan. The tax deal for Amazon was a gift.

Yes, that's your problem - you focus only on that which you can see, and conveniently ignore what you can't see.

http://bastiat.org/en/twisatwins.html

Which is a fundamental flaw in your economic reasoning. The fact is that whenever one investor is selling, another is buying. In some markets, the seller gets to set the price. In others, it is the buyer who sets the price. But the idea that a market doesn't exist, simply because sellers are asking more than the buyers are willing to bid, is economic illiteracy.

 

[middleview]

Yes, that's your problem - you focus only on that which you can see, and conveniently ignore what you can't see.

http://bastiat.org/en/twisatwins.html

Which is a fundamental flaw in your economic reasoning. The fact is that whenever one investor is selling, another is buying. In some markets, the seller gets to set the price. In others, it is the buyer who sets the price. But the idea that a market doesn't exist, simply because sellers are asking more than the buyers are willing to bid, is economic illiteracy.

Nobody was buying cars...nobody was buying GM stock.

I had stock in a company that I had a stop loss on....the stock price dropped from $20 to $4 and there were no buyers...eventually trading was halted and another company bought them for $2 per share. Why didn't someone come forward to buy Lehman?

Lots of examples exist of companies that simply cease to do business, their assets are sold and their employees are unemployed. Where is Packard? Largest abandoned factory in the USA.

 

[Dawg]

now the Ex-Bartender will choose 2020 NOM

https://www.msn.com/en-us/news/politics/democrats-coveted-2020-prize-it-may-be-endorsement-from-ocasio-cortez/ar-BBTFhQe?ocid=spartandhp

OMG it's a good thing she's only 29

 

[Raoul_Luke]

Nobody was buying cars...nobody was buying GM stock.

I had stock in a company that I had a stop loss on....the stock price dropped from $20 to $4 and there were no buyers...eventually trading was halted and another company bought them for $2 per share. Why didn't someone come forward to buy Lehman?

Lots of examples exist of companies that simply cease to do business, their assets are sold and their employees are unemployed. Where is Packard? Largest abandoned factory in the USA.

So let me get this straight - no company can ever be allowed to go under? Should we all still be buying buggy whips? WTF kind of economic "logic" is that?

No one was stepping forward with bids (for bonds, stocks, assets, etc.) because the GOVERNMENT had stepped in and created uncertainty wrt to market prices. Again, you absolve government for its failed interventions while blaming markets for government's failures. Which is why you can not understand simple economics.