Open Letter From New York State Budget Director Robert Mujica Regarding Amazon

[livingston]

Open Letter From New York State Budget Director Robert Mujica Regarding Amazon
"As just about everyone in this state, if not the country, knows by now, Amazon has terminated its plans to bring its second headquarters to New York State. It is a tremendous loss for New Yorkers and I hope that at a minimum, we understand the lessons learned
Open Letter From New York State Budget Director Robert Mujica Regarding Amazon

 

[togmaster]

Vote for liberal scum and their policies and this is what happens.

 

[BuffNiag]

Deflection by one of the emperor's minions. Long story short, NY sucks for business.

 

[Podmonkey]

NYC doesn't deserve it anyway. Stuff like this should be place in a struggling rust belt town.
Ever been to Bentonville AR? It's the town that Wlamart built. Its actually a nice town if you can overlook the OmniCorp Delta City overtones.
These big corporations would be welcomed with open arms in struggling towns. Their HQ would become the town and none would really beef about it. Walmart was able to get the town of Mankato MN to build a freakin' expressway for their Distribution Center.
NYC doesn't deserve any investment at all, they only squander what they get. NYC is a hemorrhoid. You know what a treatment of a bad hemorrhoid is? They put a plastic band on it to cut the bloodflow and it dies, shrivels up and falls off. Do the same to New York City I say.
It is a despicable place full of despicable people and absolutely deplorable politicians.

 

[Saltwater60]

We lost 25,000-40,000 jobs that pay on average $27,000 in nyc. If it’s corporate welfare or regular welfare those are not jobs that can support a family and we don’t need them. Welfare is welfare. That 3 billion in kickbacks would have taken years to get a ROI on and there would have been many robots working the plant and not people by the time that 3 billion was paid back.
I love how they talk about the small fringe of people complaining about it sounds like the liberal left is turning on themselves. Pretty interesting.

 

[Podmonkey]

We lost 25,000-40,000 jobs that pay on average $27,000 in nyc. If it’s corporate welfare or regular welfare those are not jobs that can support a family and we don’t need them. Welfare is welfare. That 3 billion in kickbacks would have taken years to get a ROI on and there would have been many robots working the plant and not people by the time that 3 billion was paid back.
I love how they talk about the small fringe of people complaining about it sounds like the liberal left is turning on themselves. Pretty interesting.

You need to have like a 6 figure income to get by in NYC! That's fucking ridiculous! Rent on a decent apartment is what, $10,000 a day?

 

[Acer-m14]

the Amazon bust i say is the best thing AOC has done .. stop using my tax $$ for business funding .. go to the fkin bank with your business plan and get a fkin loan .. you live or die .. you think u would get tax credits for bringing back say Remington and others .. FUAC FUNY ..

 

[Podmonkey]

the Amazon bust i say is the best thing AOC has done .. stop using my tax $$ for business funding .. go to the fkin bank with your business plan and get a fkin loan .. you live or die .. you think u would get tax credits for bringing back say Remington and others .. FUAC FUNY ..

Are you as dumb as AOC? A tax break is not an expense! You aren't paying for that break. It's not costing NYC anything for Amazon to set up shop. Tax breaks are not expenses! Money isn't going out, its coming in!

 

[Podmonkey]

Tim rarely swears, only when his is totally exasperated.

 

[Acer-m14]

Are you as dumb as AOC? A tax break is not an expense! You aren't paying for that break. It's not costing NYC anything for Amazon to set up shop. Tax breaks are not expenses! Money isn't going out, its coming in!

and look at all of FUAC deals .,,. tax breaks .,.,. what one has worked .. GOVT needs to stay the FK out .. they get all them breaks and only 10 employees hired per say .. go get a fkin loan if plan might work ..

 

[Podmonkey]

and look at all of FUAC deals .,,. tax breaks .,.,. what one has worked .. GOVT needs to stay the FK out .. they get all them breaks and only 10 employees hired per say .. go get a fkin loan if plan might work ..

Tax breaks to businesses don't cost you any money. It's a net gain, not a loss.

What tax breaks do signify is that the rate of taxation is too fucking high to begin with!!!!
The state needs to look at what the tax rate would be after factoring in all the incentives and make that the normal rate.
Fucking tax crazy democrats man, they don't deserve a motherfucking thing.

 

[Acer-m14]

Tax breaks to businesses don't cost you any money. It's a net gain, not a loss.

were is mine for being a peasant

 

[Podmonkey]

were is mine for being a peasant

Have you been drinking? I mean it's cool if you have, I just can't make sense of your posts lately.

 

[Acer-m14]

Have you been drinking? I mean it's cool if you have, I just can't make sense of your posts lately.

yeah .. lol .. this state is broke .. then giving tax breaks .. i see the funding for football and baseball to rebuild or update .. , i dont go there .. so who is payin .. want to come here .. pay up ,.. or bust FUAC ..

 

[Carlos Hathcock]

If a state has Bill's to pay, which NY obviously does, and doesn't collect revenue from businesses, who do they then turn to to make up the difference?Cuomon dumped millions on the Riverbend Tesla plant and all we got in return was broken promises, nothing close to the jobs they promised, and taxpayer dollars funneled to Cuomos contruction buddy's. Millions pissed away on ILUVNY road signs, multi million dollar visitor centers, and I'm sure theres billions more wasted we haven't heard about yet? What makes anyone think the Amazon project would be different? $27K a year jobs? That's shit money in upstate NY let alone NYC.

 

[Podmonkey]

If a state has Bill's to pay, which NY obviously does, and doesn't collect revenue from businesses, who do they then turn to to make up the difference?Cuomon dumped millions on the Riverbend Tesla plant and all we got in return was broken promises, nothing close to the jobs they promised, and taxpayer dollars funneled to Cuomos contruction buddy's. Millions pissed away on ILUVNY road signs, multi million dollar visitor centers, and I'm sure theres billions more wasted we haven't heard about yet? What makes anyone think the Amazon project would be different? $27K a year jobs? That's shit money in upstate NY let alone NYC.

New York State wasn't going to give Amazon money. The were going to take less of Amazon's income. That is all. NYS would still have collected tax revenues from Amazon and the jobs provided would also generate tax revenue.
NYS would have received money. Instead because New Yorkers are economic dumbasses they get nothing.

 

[Podmonkey]

 

[Carlos Hathcock]

New York State wasn't going to give Amazon money. The were going to take less of Amazon's income. That is all. NYS would still have collected tax revenues from Amazon and the jobs provided would also generate tax revenue.
NYS would have received money. Instead because New Yorkers are economic dumbasses they get nothing.

I'm sorry. In my opinion, all forms of government know little to nothing about proper finance and business practices. When you manage an operation that has no way to fail, the management of those monies tend to be wasted and poorly controlled. How many private businesses can fuck up and have and endless supply of cash to make up for their mismanagement?

 

[Podmonkey]

I'm sorry. In my opinion, all forms of government know little to nothing about proper finance and business practices. When you manage an operation that has no way to fail, the management of those monies tend to be wasted and poorly controlled. How many private businesses can fuck up and have and endless supply of cash to make up for their mismanagement?

None of that makes any sense and what does it have to do with Amazon?
Amazon was offered tax incentives and some (dumb) people were upset because they incorrectly thought this meant this cost the state money. If the full tax rate is 50% of $100 that's $50 yes? Well Amazon wasn't gonna set up shop at that rate. What is 50% of $0? Its $0, you have zero dollars. If Amazon moved in with the incentive of a 25% tax rate on $100 the state gets $25. $25 is a lot more than $0. Tax breaks are not an expenditure. It's a net gain. I don't know how else to explain this. The fact that there are people in NY that can't wrap their heads around this goes a very long way towards explaining why the state is such an economic shithole.

 

[Carlos Hathcock]

How corporate tax incentives work and why cities spend so much on them

 

[spat]

If a state has Bill's to pay, which NY obviously does, and doesn't collect revenue from businesses, who do they then turn to to make up the difference?Cuomon dumped millions on the Riverbend Tesla plant and all we got in return was broken promises, nothing close to the jobs they promised, and taxpayer dollars funneled to Cuomos contruction buddy's. Millions pissed away on ILUVNY road signs, multi million dollar visitor centers, and I'm sure theres billions more wasted we haven't heard about yet? What makes anyone think the Amazon project would be different? $27K a year jobs? That's shit money in upstate NY let alone NYC.

Businesses *never* pay taxes, and they never will. They merely collect taxes from consumers and pass them on to government.

You can't change that fact with any amount of legislation, it's a fundamental law of economics.

So everybody clamoring for businesses to pay more taxes are really saying "I think I should pay more taxes, just please hide them in the price of goods I buy"

As for the Amazon debacle, all you have to do is add up the tax money NY gets from Amazon now ($0), and how much they would have gotten from Amazon, and all their employees, and all the ancillary business that would have supported it had they built the HQ here. Even with a 100% tax break to Amazon itself, NY would have gotten a lot more than $0.

 

[1911guy]

Are you as dumb as AOC? A tax break is not an expense! You aren't paying for that break. It's not costing NYC anything for Amazon to set up shop. Tax breaks are not expenses! Money isn't going out, its coming in!

I understand your response, but you are ignoring the increased cost of infrastructure == more schools, increased traffic load, law enforcement, public transport, road repair, etc etc.

 

[Uninformed and Compliant]

Open Letter From New York State Budget Director Robert Mujica Regarding Amazon
"As just about everyone in this state, if not the country, knows by now, Amazon has terminated its plans to bring its second headquarters to New York State. It is a tremendous loss for New Yorkers and I hope that at a minimum, we understand the lessons learned
Open Letter From New York State Budget Director Robert Mujica Regarding Amazon

To be fair, how can one blame Amazon, since NYC is supposed to be under 35 feet of water two years ago any day now??