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Calista241

(5,633 posts)
2. If Google was going to employ 40k people in NYC, i'm sure they would have asked for and gotten
Fri Feb 15, 2019, 03:10 PM
Feb 2019

some concessions. NYC has an incentive programs designed to attract business to the city. And these kinds of programs make sense.

If everyone at Amazon makes $50k / year, and NYC gets $1k in income taxes from all of those employees, that's $40m in new income tax revenue. That doesn't include any other payments they make such as tolls, sales tax, property / rental tax, subway taxes, and everything else one needs to do to live in NYC.

And that's just taxes. Most of that $50k in salary that's left after taxes is going to be spent at other New York businesses for food, services, rent, and whatever else people spend money on. Bringing companies and employees to your city has MASSIVE benefits not only for themselves, but for everyone else that it just boggles the mind.

AOC could very well lose her primary in 2020 because of this nonsense. The Green New Deal is nice, and her fighting Trump is all well and good, but she's messing with her voters ability to make money and improve their lives.

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