Amazon is already one of the richest companies in the world. Why, exactly, do they need New York taxpayers to bail them out?
Amazon probably extracted enough from New York taxpayers to offset the costs of putting its second headquarters on Long Island. From Tyler Durden at zerohedge.com:
New York taxpayers will shell out $61,000 for each of the 25,000 jobs to be created over the next 15 years from Amazon’s new split-model HQ2 plan. This works out to nearly double the $32,000 in tax incentives that Virginia residents will shoulder for the same number of jobs, according to Bloomberg.
In the long run, the public expense, along with the number of jobs created, would likely be even higher in Long Island City – as New York Governor Andrew Cuomo said the state and city will spend as much as $3 billion to secure as many as 40,000 jobs in what he described at a Tuesday press conference as “the largest economic development initiative that has ever been done by the city…
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