re: NY state Budget Director from the top rope

worth a second posting:

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"Incredibly, I have heard city and state elected officials who were opponents of the project claim that Amazon was getting $3 billion in government subsidies that could have been better spent on housing or transportation. This is either a blatant untruth or fundamental ignorance of basic math by a group of elected officials. The city and state 'gave' Amazon nothing. Amazon was to build their headquarters with union jobs and pay the city and state $27 billion in revenues. The city, through existing as-of-right tax credits, and the state through Excelsior Tax credits - a program approved by the same legislators railing against it - would provide up to $3 billion in tax relief, IF Amazon created the 25,000-40,000 jobs and thus generated $27 billion in revenue. You don't need to be the State's Budget Director to know that a nine to one return on your investment is a winner.

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AOC:

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Amazon was getting $3 billion in government subsidies that could have been better spent on housing or transportation

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His statement should be required reading in all schools. Not just in New York, but nationwide. I would mandate all New Yorkers read it. Let it sink in.

And the loss is even worse when you factor in the companies that would relocate their or expand to be closer to amazon. And the effect on the economy above the $27billion in tax revenue as those people spent that money, bought homes, and invested. HUUUUUUUUGE loss.

Please God let them end up in a red state.

What jobs do the constituency want? Abortion providers?

Just think - bmy is a grown “man”. How embarrassing to have such an elementary grasp of the world

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ShortyRob

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Truth... sadly.

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Harlem isn't too bad nowadays supposedly

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lol! I checked out Trulia and looked at the crime maps for Harlem, the cheapest place I found was a 2br, 1 ba condo for 199k (no mention on the size, so it's probably less then 1k sqft).

Everyone that can is moving out of Manhattan with the quickness due to the cost. DUMBO's growth has died down a lot (but is still there) and LIC growth is still booming.

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There are some legitimate concerns to go around but they missed out for sure

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Blue state liberals like AOC believe that a tax break is a direct cash giveaway from government, so it'll be hilarious watching the idiots in NYC looking for that missing 3B for muh teacherz over the next few weeks.

I thought it was the recent raise in minimum hourly salary but it was worse than that

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We underestimated the effect of the opposition's distortions and overestimated the intelligence and integrity of local elected officials.



? Best line in that article.

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This is what going hard in the paint looks like.