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The Truth Is Here

(354 posts)
Fri Feb 15, 2019, 01:41 PM Feb 2019

Google is building a new campus in NYC... and *SHOCKING*

They did not ask for one public cent to do it. That is the big difference between Google and Amazon.

Amazon was offered 3B in incentives to build in NYC.

Google didn't ask for a damn dime in building their West Village (Hudson & Washington St) campus. They are pouring in $1 billion of their own money.

I'd rather apply for Google than to Amazon, TBH, even if I do not live in NYC.

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Power 2 the People

(2,437 posts)
1. That's the way it should be. If you want the talent pool of NYC don't hold the city hostage
Fri Feb 15, 2019, 02:52 PM
Feb 2019

Especially when you make $11 billion in profits and pay ZERO federal taxes.

Calista241

(5,586 posts)
2. If Google was going to employ 40k people in NYC, i'm sure they would have asked for and gotten
Fri Feb 15, 2019, 03:10 PM
Feb 2019

some concessions. NYC has an incentive programs designed to attract business to the city. And these kinds of programs make sense.

If everyone at Amazon makes $50k / year, and NYC gets $1k in income taxes from all of those employees, that's $40m in new income tax revenue. That doesn't include any other payments they make such as tolls, sales tax, property / rental tax, subway taxes, and everything else one needs to do to live in NYC.

And that's just taxes. Most of that $50k in salary that's left after taxes is going to be spent at other New York businesses for food, services, rent, and whatever else people spend money on. Bringing companies and employees to your city has MASSIVE benefits not only for themselves, but for everyone else that it just boggles the mind.

AOC could very well lose her primary in 2020 because of this nonsense. The Green New Deal is nice, and her fighting Trump is all well and good, but she's messing with her voters ability to make money and improve their lives.

 

WeekiWater

(3,259 posts)
3. Sometimes you don't know how these google deals work.
Fri Feb 15, 2019, 03:17 PM
Feb 2019

The claim in San Juan was that they didn't ask for a cent. But it's difficult to actually know how the deal was structured.

https://www.bloomberg.com/news/articles/2018-11-13/google-s-san-jose-campus-triggers-lawsuit-over-deal-s-secrecy

And in opposition to the CEO's claims, Google often negotiates tax deals.

https://www.datacenterdynamics.com/news/governor-approves-tax-breaks-google-data-center-henderson/



displacedtexan

(15,696 posts)
4. Google is investing in the building & hiring highly skilled programmers internationally.
Fri Feb 15, 2019, 03:20 PM
Feb 2019

Amazon was building a gigantic logistical warehouse facility from scratch and hiring locally. I, too, am sick of corporations bypassing infrastructure costs and taxes, but the two plans (Google & Amazon) aren't a good example of the issue, imho.

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