AOC does not live in the reality of the real world.
$3 billion in subsidies
For:
$27 billion over 25 years
The math says New York City would have gained $24 billion with Amazon arriving.
Bloomberg - Are you a robot?
So AOC wants to spend $3 billion on the Subway or schools when she could have had $24 billion. Absolutely stunning. This is a neck-snapping type of failure for New York city.
People like AOC and her group are anti-wealth. Amazon is worth $3 billion in subsidies. Trust me. The company that comes in LIC will not have the same impact as Amazon. Not even close.
What AOC fails to understand: The $3 billion is not a pile of money that can be spent on anything. It was a $3 billion performance-based incentive that grows the economy, brings cachet to the city, and helps spurs other investments. Renovated office spaces, increase in the hotel business, increase in local transportation, etc.. AOC is not stupid, she is part of an extreme movement that resents our capital system.
If AOC's goal is to get Trump re-elected, she is doing a great job.
$3 billion in subsidies
For:
$27 billion over 25 years
The math says New York City would have gained $24 billion with Amazon arriving.
Amazon said its “HQ2” would create 25,000 jobs directly, and as many as 15,000 indirectly. The average pay for an Amazon New York City employee was going to be over $100,000. Even the janitors were likely to be well paid; I’m reliably told there was a decent chance they’d be union jobs.
Oh, and let’s not forget where HQ2 was going to be located: in a Queens neighborhood called Long Island City, near the largest public housing project in the Western Hemisphere, the Queensbridge Houses. Queensbridge consists of 26 buildings, and its largely black and Hispanic population has a medium family income of $15,843, according to the New York Times. (That’s $10,000 below the federal poverty line.)
Bloomberg - Are you a robot?
So AOC wants to spend $3 billion on the Subway or schools when she could have had $24 billion. Absolutely stunning. This is a neck-snapping type of failure for New York city.
People like AOC and her group are anti-wealth. Amazon is worth $3 billion in subsidies. Trust me. The company that comes in LIC will not have the same impact as Amazon. Not even close.
What AOC fails to understand: The $3 billion is not a pile of money that can be spent on anything. It was a $3 billion performance-based incentive that grows the economy, brings cachet to the city, and helps spurs other investments. Renovated office spaces, increase in the hotel business, increase in local transportation, etc.. AOC is not stupid, she is part of an extreme movement that resents our capital system.
If AOC's goal is to get Trump re-elected, she is doing a great job.