Quote:
Originally Posted by New Era
New Jersey offers $7B in tax incentives. Newark setting the bar.
Even though there are some civic groups demanding that Amazon pay property taxes like everyone else, there are cities tripping all over themselves to "earn this business." $3B? $7B? Will a subsidy of that magnitude ever be paid off? |
Depends on how the winning municipality squares its books i guess - subsidies vs. Amazon's investment and spin-off benefits. Interesting piece from the Spectator about corporate welfare and Bezo's guile in looking for handouts in the face of idiotically high profits.
https://spectator.org/an-open-letter-to-jeff-bezos/