This move will keep more tech in SF and not in NYC, beyond just Amazon. For every Amazon we lose, we lose 50 startups to the valley. I can't believe NY politicians let this happen.
Amazon Pulls Out of Planned New York City Campus
371–380 of 1001 posts
Re: Amazon Pulls Out of Planned New York City Campus
#372Earlier quoted context omitted.
They’ll still get subsidies, just somewhere. The system being what it is, you can’t fault them for finding the fair market price of setting up their campus at you location. It’s a mutually beneficial deal, but now Mew York gains nothing at all. That said the system could be changed and laws written to prevent subsidies all together. Then competition for large workforces would be based on other factors.
New York does gain something, the much more vibrant and robust collection of businesses that will occupy that area instead and pay their fair share of taxes.
You really have no idea what LIC is like, do you? They're completely unable to support small businesses except those that cater to the upper-middle class. There is no dollar slice, only $24 gluten-free artisanal pizza. The only business Amazon was going to displace was Citibank.
Re: Amazon Pulls Out of Planned New York City Campus
#373Earlier quoted context omitted.
Exactly. The 25k number was just to make a splash and notice they aren't doing that again. Because there aren't really any other areas that could give them 25k skilled employees. They will scale up in Nashville which is expected since it is a growing area, and they will still be in NY due to the talent. The "HQ2" show was primarily to extract large concessions which almost worked. My initial reaction as a NY'er was "…
I don't even think they're really gonna scale up in Nashville. At least not in any meaningful way. 10 years from now, both Amazon and Google will have right around 25 thousand workers each in NYC. The reality is that NYC is not Wisconsin, they don't need to give out money. EDIT: I'd even go a step further, and predict that both Amazon and Google will also have ludicrously large presences in the DC-NOVA area in 10 yea…
I work in middle Tn and the Amazon job postings have already started.
I really have no interest in them though. Primarily remote work is the best.
Re: Amazon Pulls Out of Planned New York City Campus
#374[dead]
Re: Amazon Pulls Out of Planned New York City Campus
#375Earlier quoted context omitted.
If a city signs up for a money losing deal, that’s on them. They should have negotiated better.
I mean, clearly we haven't signed up for the money-losing deal, as the deal has been canceled because of opposition and no give-aways will ever be made to Amazon.
I wasn’t referring to the NYC deal specifically.
Re: Amazon Pulls Out of Planned New York City Campus
#376Earlier quoted context omitted.
> Yeah but they will get that tax break regardless I just don't understand this argument. It's like "Someone's gonna get fucked, so I'd prefer it be me." That tax break is real money . Money that your community will not be able to spend on education, infrastructure, police, parks, all the things that make a place worth living in. Why would you hand that over to a company that doesn't need it?
I rather the money go to bringing tech jobs to NYC and making it a true technology hub then leave it in the hands of the city to spend billions on useless subway lines that are 3x the construction cost of anywhere else in the world: https://www.nytimes.com/2017/12/28/nyregion/new-york-subway-...
People want to live and work in NYC in part because of those useless subway lines. There is no need for NYC to hand out taxpayer money to any company. Companies will come regardless.
Increasing density isn’t going to make subway lines cheaper by the way.
Re: Amazon Pulls Out of Planned New York City Campus
#377Earlier quoted context omitted.
It had nothing to do with whether or not it was by a bona fide film maker. It was the timing of the ad and the fact that the movie was going to be broadcast. Movies in theaters were not covered by the law. Your premise is incorrect. The decision could have been narrow in scope. It wasn't. This is what people like me decry. https://www.youtube.com/watch?v=PeGlzEavpTM
Here from the Wikipedia backgrounder: >In response, Citizens United produced the documentary Celsius 41.11, which is highly critical of both Fahrenheit 9/11 and 2004 Democratic presidential nominee John Kerry. The FEC, however, held that showing the movie and advertisements for it would violate the Federal Election Campaign Act, because Citizens United was not a bona fide commercial film maker.
Disallowing a film being shown 60 days before an election because the person is not a bona fide film maker is very much different than disallowing a film 60 before an election because the person is not a bona fide commercial film maker. The word commercial is important. Citizen's United was not a commercial enterprise. No one disputes this. No one thinks their film wasn't done by a bona fide film maker.
Re: Amazon Pulls Out of Planned New York City Campus
#378Earlier quoted context omitted.
> Is this 4chan now? It's good when local politicians weigh in on local issues. Your comment is completely off the mark.
thats a very common phrase, used in high schools across America. Don't know what 4chan has to do with anything.
This is a very weak justification. Are we in high school in America on this site?
Re: Amazon Pulls Out of Planned New York City Campus
#379Google didn't need any dog and pony show or significant forms of corporate welfare (that we know of) to announce a doubling of their presence in New York. https://www.washingtonpost.com/technology/2018/12/17/google-...
Exactly. The 25k number was just to make a splash and notice they aren't doing that again. Because there aren't really any other areas that could give them 25k skilled employees. They will scale up in Nashville which is expected since it is a growing area, and they will still be in NY due to the talent. The "HQ2" show was primarily to extract large concessions which almost worked. My initial reaction as a NY'er was "…
What if another state gave the concessions, and then it worked out spectacularly for them, completely reviving a city and building up a new ecosystem that funnels in new wealth and new money. Would NY be kicking itself then?
Re: Amazon Pulls Out of Planned New York City Campus
#380Earlier quoted context omitted.
the issue for me is that the main benefit of the tax breaks is capitalized by owners of AMZN stock, mainly Bezos, the wealthiest man in the world. AMZN is going to grow somewhere, they should pay taxes where they grow.
It's not mainly Bezos. It's mainly investment/index funds - entities that that hold people's saving and retirement accounts.
The stock is down 0.61% today. Effectively flat, especially in a well diversified retirement account. It’s still up 2.8% WoW