Earlier quoted context omitted.
> Imagine if the project was given the 5 billion tax dollars handed to Jeff Bezos instead of a measly 4.5 million... The $4.5 million is money New York has to spend out of revenue. Spending it lowers the amount of money New York has. Neither of those is true of $5 billion in tax incentives. Look at the cash flow.
Who cares where it comes from. Tax payers are out 5 billion does it matter how?
The city gave away $5 billion in tax breaks to ensure billions more in tax revenues. The deal was tax-positive. What those extra billions get spent on is up to us.
The Amazon thing is a massive red herring. Yes, it’s distasteful. But it’s also tiny. Giant political deals are being struck in Albany right now—Amazon is a distraction.