Corporate Welfare, Amazon et al.

[kat00 11]

Curt Schilling's company 38 studios did this to Rhode Island and got a 75 million dollar loan from the state. All they did was move from Mass to RI based on the idea of the company actually succeeding and growing jobs. The company failed miserably and never paid back the loan.

At least Amazon isn't going to fail anytime soon and will bring more high tech jobs to the area. I'm not saying it is the right thing to get a bunch of tax breaks but they are a for profit company. If NY didn't do it then surely other states/cities would have. I'm not sure what the fuss is anyways they seem to have decent sized offices all over the country like Silicon Valley, LA/OC, San Diego, Austin, wherever there is some tech talent.

[BIGUN 1,486]

SkyDekker

***Hell, while we're at it; let's burn a bit over the BILLIONS of dollars in military mistakes.

https://gizmodo.com/the-strange-sad-story-of-the-armys-new-billion-dollar-1616285708

Nah, let's try TRILLIONS...

https://www.bloomberg.com/news/features/2017-04-04/is-the-f-35-a-trillion-dollar-mistake

And we wonder why taxes are so frickin high, our ability to help those in need of social programs, or hell' how about the plain old ground-pounder whose family had to pay for bullet-proof vests?!??!?

Money to reduce the student-teacher ratio in our public schools - Don't be ridiculous!!!

But, I ramble.

And your taxes are low.

I understand why other countries think that, but when you look at the cumulative total - it's different than just comparing Federal Income tax.

Federal Income Tax
State Income Tax
City Income Tax
Property Taxes
Real Estate Taxes
Estate Taxes
Sales Taxes
Fuel Taxes
Excise Tax
Gift Taxes
Retirement Taxes
Sin taxes
User Fees (taxes that are assessed on a wide variety of services, including airline tickets, rental cars, toll roads, utilities, hotel rooms, licenses, financial transactions and many others. Cell phones, for example, may have as many as eleven separate user taxes, running up the monthly bill by as much as 20 percent.)

And God forbid you should have a small business:
Payroll Taxes
Unemployment compensation
Worker's compensation
Etc. Etc.

Nobody has time to listen; because they're desperately chasing the need of being heard.

[Phil1111 1,182]

BIGUN

******Hell, while we're at it; let's burn a bit over the BILLIONS of dollars in military mistakes.

https://gizmodo.com/the-strange-sad-story-of-the-armys-new-billion-dollar-1616285708

Nah, let's try TRILLIONS...

https://www.bloomberg.com/news/features/2017-04-04/is-the-f-35-a-trillion-dollar-mistake

And we wonder why taxes are so frickin high, our ability to help those in need of social programs, or hell' how about the plain old ground-pounder whose family had to pay for bullet-proof vests?!??!?

Money to reduce the student-teacher ratio in our public schools - Don't be ridiculous!!!

But, I ramble.

And your taxes are low.

I understand why other countries think that, but when you look at the cumulative total - it's different than just comparing Federal Income tax.

Federal Income Tax
State Income Tax
City Income Tax
Property Taxes
Real Estate Taxes
Estate Taxes
Sales Taxes
Fuel Taxes
Excise Tax
Gift Taxes
Retirement Taxes
Sin taxes
User Fees (taxes that are assessed on a wide variety of services, including airline tickets, rental cars, toll roads, utilities, hotel rooms, licenses, financial transactions and many others. Cell phones, for example, may have as many as eleven separate user taxes, running up the monthly bill by as much as 20 percent.)

And God forbid you should have a small business:
Payroll Taxes
Unemployment compensation
Worker's compensation
Etc. Etc.

List of countries by tax revenue to GDP ratio
https://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_to_GDP_ratio

Best Countries for Business
https://www.forbes.com/best-countries-for-business/list/#tab:overall

[gowlerk 2,275]

Quote

List of countries by tax revenue to GDP ratio
https://en.wikipedia.org/...revenue_to_GDP_ratio

Canada 31.7, US 26.0. But healthcare spending is 16% in the US versus less than 10 % for Canada. But man, no one has a better shinier more powerful military than America. They get a lot of power from their taxation.

Always remember the brave children who died defending your right to bear arms. Freedom is not free.

[motionscribe 0]

billvon

>Honestly, I don't think they'd even know what to do with it, there seriously isn't
>much left to spend their money on.

I know someone who lives there and she's always complaining about how expensive everything is there.

Amazon and Walmart to the rescue!

$.40 for can goods! $1.50 for 8oz. of non-government cheese! 40" TVs for $100. 20-50% less on bedroom sets and appliances, plus $35 white glove delivery and set up! Cheapest gas in town! Free 2-day shipping! Free Movies! Free TV! Free Prime Memberships! Don't want to pay a yearly fee? Fine, just pay monthly and cancel anytime after using and abusing us! What do we care, we're rich!

Problem solved. . .

[billvon 3,116]

>Amazon and Walmart to the rescue!

Yep. And China gets a little richer.

[yoink 321]

Iago

***> People will travel to work at Amazon.

Not if it pays shit and is in bumfuck nowhere.


Let’s also not forget that amazon have just set up a $2 BILLION charitable contribution to low-income preschools and other charities. If you’re going to complain about them wrecking an area you can at least commend their other actions.

[Phil1111 1,182]

yoink

******> People will travel to work at Amazon.

Not if it pays shit and is in bumfuck nowhere.


Let’s also not forget that amazon have just set up a $2 BILLION charitable contribution to low-income preschools and other charities. If you’re going to complain about them wrecking an area you can at least commend their other actions.

The Truth About Amazon, Food Stamps, and Tax Breaks
https://www.wired.com/story/truth-about-amazon-food-stamps-tax-breaks/

IMO sanders is a good senator, honest, with America first and a credit to his state. But he does come up with some nutty socialist ideas.

Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies,...

" the Vermont independent introduced the Stop Bad Employers by Zeroing Out Subsidies Act, which hits companies that have more than 500 employees with a 100 percent tax on some government benefits its workers receive, like public housing, Medicaid, and food stamps. For example: If the Stop BEZOS Act were to pass, McDonald’s would be taxed $100 every time one of its cashiers collected $100 in food stamps. The bill is designed to force large corporations to increase wages, and to raise awareness about how companies benefit from public welfare, even in a healthy economy."

[rifleman 70]

I don't personally think that it's that nutty an idea. Giving food stamps, housing support and medicaid to low paid employees rather than introducing legislation to make employers pay a liveable wage is just pouring money into the pockets of the shareholders. Taxpayers are subsidising the profits of Bezos et al, just because governments aren't making them pay their workers properly.

Atheism is a Non-Prophet Organisation

[rushmc 23]

No

The democrats just lined thier pockets.

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[wolfriverjoe 1,523]

rushmc

No

The democrats just lined thier pockets.

Like the Rs lined the pockets of FoxComm in Wisconsin?

"There are NO situations which do not call for a French Maid outfit." Lucky McSwervy

"~ya don't GET old by being weak & stupid!" - Airtwardo

[ryoder 1,590]

Jake Tapper did a little video commentary: https://twitter.com/CNNSotu/status/1064183627221741570

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.