Amazon pulls out of NYC

[RI]

https://www.nytimes.com/2019/02/14/nyregion/amazon-hq2-queens.html?smtyp=cur&smid=tw-nytimes

[lfromnj]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

[PSOL]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

[Pyro]

Hell yes. Best Valentine's Day ever.

[Oryxslayer]

It never really made sense why they cut HQ2 in 2 with part in NYV and part in VA.

[GP270watch]

 Good this was always an unfair situation. Amazon needs NYC more than NYC needs Amazon. I hope this sentiment spreads.

[junior chįmp]

Good...go away ya freeloaders.

[lfromnj]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

IMO the net benefit is greater than the cons for NYC overall.
However the country loses more overall.

[Indy Texas]

Maybe we can finally get to a place where companies just locate headquarters/operations where it makes the most sense logistically instead of having these ludicrous bidding wars to see how many billions of dollars of money and tax exemptions cities and states can throw at large, profitable companies.

[Stand With Israel. Crush Hamas]

You get what you vote for. Bezos isn't in the position where he has to negotiate again after the deal is signed.

[Antonio the Sixth]

VICTORY!

[○∙◄☻¥tπ[╪AV┼cVê└]

Good, welfare for large corporations is terrible.

[Beet]

VICTORY!

[Technocracy Timmy]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

Renters should just own property to get equity.

[World politics is up Schmitt creek]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

Renters should just own property to get equity.

Not that I entirely disagree (back in the day I thought Dubya's "ownership society" rhetoric was marginally less idiotic than most other budding leftists whom I knew thought it was, although the policies that that rhetoric was supporting obviously turned out to be disasters), but this strikes me as a great example of an unhelpful "should" without reference to an "is" (or, more specifically, a "how to").

[Antonio the Sixth]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

Renters should just own property to get equity.

Not that I entirely disagree (back in the day I thought Dubya's "ownership society" rhetoric was marginally less idiotic than most other budding leftists whom I knew thought it was, although the policies that that rhetoric was supporting obviously turned out to be disasters), but this strikes me as a great example of an unhelpful "should" without reference to an "is" (or, more specifically, a "how to").

Encouraging homeownership sounds like a good idea (and, as someone who has firsthand experience of  being saddled with obscenely high rent and is hoping to get rid of it as soon as possible, I'm certainly sympathetic to it as a social ideal), but in practice all the policies that tend in that direction end up exacerbating inequality and driving up homelessness. Countries that do a better job housing people almost universally do so with policies geared toward renters.

[ηєω ƒяσηтιєя]

Good this was always an unfair situation. Amazon needs NYC more than NYC needs Amazon. I hope this sentiment spreads.

VICTORY!

[Famous Mortimer]

I think that tax incentives offered by the government were ridiculous but it's not good for Queens that Amazon left.

Queens definitely could have used the jobs.

I don't buy the liberal straw man picture of what was going to happen where Amazon was going to import thousands of white men to price everyone out.

They were almost certainly going to hire locals and pay them more than most local businesses could have been expected to.

[UncleSam]

Hurray for the people of NYC having 25k fewer good jobs rofl

AOC and socialism in a nutshell. Tax breaks are not money you can turn around and spend rofl, they’re just decreased revenue in the short term as an incentive for paying your community a ton of money in the form of infrastructure investments and good salaries.

It did seem weird to me that there was a split in HQ2 in the first place though.

Feel badly for the folks in the NYC area who were denied those jobs but you get what you vote for. Cuomo and De Blaiso did their best on this one.

[GP270watch]

Hurray for the people of NYC having 25k fewer good jobs rofl

AOC and socialism in a nutshell. Tax breaks are not money you can turn around and spend rofl, they’re just decreased revenue in the short term as an incentive for paying your community a ton of money in the form of infrastructure investments and good salaries.

It did seem weird to me that there was a split in HQ2 in the first place though.

Feel badly for the folks in the NYC area who were denied those jobs but you get what you vote for. Cuomo and De Blaiso did their best on this one.

 What infrastructure investments? If the state or local municipality needs to pay for those too.
Look at the Foxconn boondoggle in Wisconsin. It was good NYC told Amazon to take a hike. Amazon will come crawling back or wait until they have a more friendly administration.

[courts]

Good for the country overall and sends a message but bad for NYC.

Its a prisoners dilemma situation.

I don’t know about you, but every renter in NYC just sighed for relief just now.

to be honest that was my first reaction to this

[Bismarck]

Wish they would move to Indy or Chicagoland but it looks like that’s not in the cards. Amazing that anyone thinks a large company not creating tens of thousands of jobs is crazy.

[GP270watch]

Wish they would move to Indy or Chicagoland but it looks like that’s not in the cards. Amazing that anyone thinks a large company not creating tens of thousands of jobs is crazy.

 Nobody is against large companies creating jobs, what they're against is giving them billions to do so. Do you also support public taxpayers buying stadiums for Billionaire football owners?

[RI]

Do you also support public taxpayers buying stadiums for Billionaire football owners?

Yes, as preserving major sports teams strengthens regional identity and solidarity.

[Thatkat04]

And Long Island City breathes a sight of relief.

Amazon should really turn its eyes towards Newark. But unlike NYC, Amazon might be able to do some good there.