Amazon is a retailer more then a tech company. Tech drives the logistics.What tech companies are in NY??
Amazon pulls the plug on second HQ location in New York
- Thread starter rafterman
- Start date
Amazon is a tech company focusing on E-Commerce.Amazon is a retailer more then a tech company. Tech drives the logistics.
Let's try this again, what tech companies are in NY?
The more I dig into this the more it looks like these New York liberals are the gang that shoots themselves in the foot. I think rational people will agree NYC is the loser.
So, who is the winner? And the winner is ............................ Crystal City."
https://www.washingtonpost.com/opin...g-war-facing-big-tech/?utm_term=.6ea3216f751a
So, who is the winner? And the winner is ............................ Crystal City."
https://www.washingtonpost.com/opin...g-war-facing-big-tech/?utm_term=.6ea3216f751a
Have you heard of IBM? They are a retailer focused on ecommerce. They do not sell their ecomm platform to othersAmazon is a tech company focusing on E-Commerce.
Let's try this again, what tech companies are in NY?
Right well we'll agree to disagree. Perhaps Amazon will set up shop in a nice RED state, they'll be welcomed and appreciatedHave you heard of IBM? They are a retailer focused on ecommerce. They do not sell their ecomm platform to others
You are correct of course. Not sure why anyone would argue this point.Amazon is a tech company focusing on E-Commerce.
Let's try this again, what tech companies are in NY?
It trades on the Nasdaq for crying out loud, doesn't get more techie than that.
In fact, Amazon is included in the commonly referred to acronym known as the FAANGs = Facebook, Apple, Amazon, Netflix and Google AKA the most popular and top performing tech stocks.
Guess all these (and many more) orgs are wrong to refer to Amazon as a tech company LOL?
BLOOMBERG: https://www.bloomberg.com/news/arti...-stocks-as-facebook-amazon-earnings-loom-next
FORTUNE: http://fortune.com/2019/01/08/amazon-netflix-techs-biggest-stock-gainers-christmas-eve-rout/
WIRED: https://www.wired.com/story/what-stock-selloff-tells-us-future-tech/
REUTERS: https://www.reuters.com/article/us-...ing-amazon-and-alphabet-results-idUSKCN1MZ30X
WAPO: https://www.washingtonpost.com/tech...ng-more/?noredirect=on&utm_term=.0b2aac6a48d3
BUSINESS INSIDER: https://www.businessinsider.com/ama...s-amid-global-rebound-on-cyber-monday-2018-11
Unless there is another company like Amazon willing to come without any incentives, and the city could only accept one of them, this $3 billion is an idiotic delusion.See, in my books, if the government gives them "tax breaks" and all kinds of other breaks, it adds up to 3 billion dollars, it's money out of the government's pockets. I COSTS the city 3 billions dollars. Whether it's front end, or back end, the results are the same. 3 billion dollars out of the government's pockets.
It has been estimated that this $3 billion incentive would have been around a 10% break over the next 10 years.
So the city is potentially losing $27 billion over the next 10 years, plus way more in lost economic activity.
And there would have been more than double the 25k in spinoff jobs.
https://www.youtube.com/watch?v=z7LLAILaqYI
There may very well be legitimate concerns for some people about Amazon coming but AOC claiming that they now have $3 billion more to spend on schools, infrastructure, etc. is beyond stupid. :der:
Well, she does have a degree in economics. I wonder how she got it?Unless there is another company like Amazon willing to come without any incentives, and the city could only accept one of them, this $3 billion is an idiotic delusion.
It has been estimated that this $3 billion incentive would have been around a 10% break over the next 10 years.
So the city is potentially losing $27 billion over the next 10 years, plus way more in lost economic activity.
And there would have been more than double the 25k in spinoff jobs.
https://www.youtube.com/watch?v=z7LLAILaqYI
There may very well be legitimate concerns for some people about Amazon coming but AOC claiming that they now have $3 billion more to spend on schools, infrastructure, etc. is beyond stupid. :der:
Ok, let's look at it this way.Well, she does have a degree in economics. I wonder how she got it?
Let say you have a piece of vacant land that is not producing any revenue.
Amazon comes along and offers you $20 billion plus other benefits.
You want $23 billion. Amazon walks away.
Ergo, you "saved" $3 billion by telling Amazon to go away.
I don't disagree. I'm only wondering how she ever got the economics degree.Ok, let's look at it this way.
Let say you have a piece of vacant land that is not producing any revenue.
Amazon comes along and offers you $20 billion plus other benefits.
You want $23 billion. Amazon walks away.
Ergo, you "saved" $3 billion by telling Amazon to go away.
Not necessarily. If they can redevelop that area (and its becoming quite trendy) they can do it without the tax breaks and will thus have 3B more then they would have with Amazon as well as a much more balanced neighbourhood. Problem with these mega companies is when they go bust the whole area implodes.Unless there is another company like Amazon willing to come without any incentives, and the city could only accept one of them, this $3 billion is an idiotic delusion.
It has been estimated that this $3 billion incentive would have been around a 10% break over the next 10 years.
So the city is potentially losing $27 billion over the next 10 years, plus way more in lost economic activity.
And there would have been more than double the 25k in spinoff jobs.
https://www.youtube.com/watch?v=z7LLAILaqYI
There may very well be legitimate concerns for some people about Amazon coming but AOC claiming that they now have $3 billion more to spend on schools, infrastructure, etc. is beyond stupid. :der:
Its not just tax breaks BTW:
The agreement comes with a number of incentives: Specifically, Amazon will receive $897 million from the city’s Relocation and Employment Assistance Program (REAP) and $386 million from the Industrial & Commercial Abatement Program (ICAP). It will receive an additional $505 million in a capital grant and $1.2 billion in “Excelsior” credits if its job creation goals are met. That brings the total amount of public funds granted to $2.988 billion—in other words, the city and state will pay Amazon $48,000 per job.
I know but I didn't want to further embarrass him. Thanks broYou are correct of course. Not sure why anyone would argue this point.
It trades on the Nasdaq for crying out loud, doesn't get more techie than that.
In fact, Amazon is included in the commonly referred to acronym known as the FAANGs = Facebook, Apple, Amazon, Netflix and Google AKA the most popular and top performing tech stocks.
Guess all these (and many more) orgs are wrong to refer to Amazon as a tech company LOL?
BLOOMBERG: https://www.bloomberg.com/news/arti...-stocks-as-facebook-amazon-earnings-loom-next
FORTUNE: http://fortune.com/2019/01/08/amazon-netflix-techs-biggest-stock-gainers-christmas-eve-rout/
WIRED: https://www.wired.com/story/what-stock-selloff-tells-us-future-tech/
REUTERS: https://www.reuters.com/article/us-...ing-amazon-and-alphabet-results-idUSKCN1MZ30X
WAPO: https://www.washingtonpost.com/tech...ng-more/?noredirect=on&utm_term=.0b2aac6a48d3
BUSINESS INSIDER: https://www.businessinsider.com/ama...s-amid-global-rebound-on-cyber-monday-2018-11
REAP is a tax credit of $3000 per year per employee for 12 years.Its not just tax breaks BTW:
The agreement comes with a number of incentives: Specifically, Amazon will receive $897 million from the city’s Relocation and Employment Assistance Program (REAP) and $386 million from the Industrial & Commercial Abatement Program (ICAP). It will receive an additional $505 million in a capital grant and $1.2 billion in “Excelsior” credits if its job creation goals are met. That brings the total amount of public funds granted to $2.988 billion—in other words, the city and state will pay Amazon $48,000 per job.
You make it sound like they were going to back up a truck and unload skids of Benjamins at Amazon`s loading dock.
And now they can redirect the truck.
Still why should Amazon get huge tax breaks and subsides when they are wiping out retailers all over the USA, including all over NY state? Heck I buy stuff from Amazon as well, but they clearly have some massive advantages already why subsidies them more? What about all the losses in taxes from dying malls and lost jobs? If they rezoned this place it will transform on its own. Its in effin NYC. They were gonna rezone for Amazon, why not rezone away?REAP is a tax credit of $3000 per year per employee for 12 years.
You make it sound like they were going to back up a truck and unload skids of Benjamins at Amazon`s loading dock.
And now they can redirect the truck.
Why don`t you ask the long list of suitors, including Toronto?Still why should Amazon get huge tax breaks and subsides when they are wiping out retailers all over the USA, including all over NY state?
Isn`t it obvious?
It would be good for Canada as Amazon in TO would serve USA more then Canada as the market is so much larger. But for a US state with a TON of retail real estate its questionable. I am sure there are lots of good options for that real estateWhy don`t you ask the long list of suitors, including Toronto?
Isn`t it obvious?
What red state was even a front runner in their competition? These companies don't want to set up in a red state because no educated person wants to live there.Perhaps Amazon will set up shop in a nice RED state, they'll be welcomed and appreciated
You all think these 25000 jobs were just going to be a net addition? Most of them would probably have come from other NY tech companies (asking what tech companies are in NY is dumb, easier to ask what tech companies AREN'T in NY). And with the $3b tax break you now have a situation where one of the biggest tech companies is not paying taxes and their competitors are. And make no mistake, Amazon is a tech company. Amazon Web Services is a huge business, and it's pretty much the only profitable division of Amazon.
Red states have been giving tax breaks away forever. How is that working out for them? It just destroys local business, takes money out of education, healthcare and other programs. It sets up a vicious circle.
New York is trying to do it the other way. By investing in their people they bring companies there because that's where they will find employees. No need to give them tax breaks, they will pay for the privilege.
Republican Governor Ron DeSantis to Amazon: ‘We welcome you to come to Florida'These companies don't want to set up in a red state because no educated person wants to live there.
Gov. Ron DeSantis said that he welcomed Amazon to put its second headquarters in Florida after the online retailer pulled out of a deal to build the campus in New York City.
“What I can say on behalf of Florida to companies like Amazon: We welcome you to come to Florida,” he said.
https://www.tampabay.com/florida-po...-to-amazon-we-welcome-you-to-come-to-florida/
Gees I didn't realize Florida had a bunch of red neck hicks. NY's loss is going to be someone else's gain.
O
OnTheWayOut
If I was her professor I could see ways for her to earn a degree that do not require intelligence. She may be bat shit crazy but she's not too hard on the eyes and crazy chicks are usually decent in bed IMOWell, she does have a degree in economics. I wonder how she got it?
