She thought Amazon would get $3 billion in tax money because she utterly failed to understand that Amazon was not going to be paid $3 billion. They were being given a reduction in taxes over 10 years, tax money that does not exist, tax money that they would have had to pay so they would first have to make $3 billion profit which they could keep. In the process they would have hired 25,000 people and paid them $100,000 a year plus $30,000 in benefits each year to work for Amazon. That’s what Ocasio lost for Queens.
The dispute was between the two Democrats which laid bare a divide over the plan to offer $2.8 billion in tax breaks over ten years for Amazon to establish a major presence in Queens, in New York City. On one side, old hands like Cuomo; on the other, the newly insurgent, left-leaning wing represented by Ocasio-Cortez.
Coumo said, HQ2 would have brought “at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue each year to the community to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”
However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits. Yeah, Ocasio but they paid wages to everyone who worked for them, you dumb as a brick twit.
“$0 for schools. $0 for firefighters. $0 for infrastructure. $0 for research and healthcare,” she tweeted Thursday. “Why should corporations that contribute nothing to the pot be in a position to take billions from the public?”
Yeah, well the 25,000 workers lost their $130,000 a year jobs including benefits each year. That’s $3.3 billion a year in lost wages for the people in Queens who would have worked for Amazon. How stupid is AOC? Very, very stupid. The people of Queens who demonstrated against Amazon may be even dumber than AOC.
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