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Originally Posted by nfotiu
Jeez, is there no middle ground in any of these arguments any more.
3 billion from NY governments was probably too much to be giving a company like Amazon and there were valid reasons to oppose it. I don't get how corporate welfare can be seen as such a great thing by right wing/pro capitalist types.
VA paid 550 million and have worked out a deal to build a 1 billion dollar for VA Tech to build a campus on site. The 550 million will be more than paid back by the increase in local/state taxes almost immediately. The VA Tech campus will give a lot of opportunities for Virginians. Some sort of incentives for large companies makes sense. They are bringing enough to the table to negotiate some give and take on local taxes.
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Would these jobs have remained in the United States without the subsidy? If the answer is yes then all of the things you lost would have been obtained somewhere without the subsidy.
Also this increase in tax base needs to deal with a rapid influx of people, increased homeless due to rising property values, increased transportation demands and all the other issues this massive construction brings. Just saying the taxes brought in outweigh the subsidy doesn’t tell the whole story. The corporate and property taxes corporations pay are required to fund programs for the citizens in the state.
Amazon wanted to go to Virginia, they did not need a subsidy to be economic so why should they get one?