Amazon-NYC deal sparks unity against cronyism

Thursday, November 15, 2018
 | 
Chris Woodward (OneNewsNow.com)

cash 100-dollar billMega-corporation Amazon is doing the unthinkable: bringing together liberals and conservatives who are speaking out about a sweetheart deal between the online retail giant and New York City.

Amazon has announced it chose New York City as a location for a second headquarters, an announcement that is expected to create 25,000 high-paying jobs at the cost of billions to city and state taxpayers.

The New York Times reports the "sweeping packing" of incentives is worth $1.7 billion for a corporation that reported $177.9 billion in revenue in 2017. 

The announcement has roiled many, including Rep.-elect Alexandria Ocasio-Cortez, who is calling the deal an example of corporate cronyism. The avowed Democratic Socialist has few fans among Republicans, but she is finding allies among a mix of Democrats, Republicans, and Libertarians who agree she has a good point.

The new congresswoman has a "very good point," Tucker Carlson of Fox News said on the cable network Tuesday.  

Agreement over the questionable deal earned a New York Post story quoting Carlson, a writer for The Federalist, and a university researcher who complained about the deal in a National Review story. 

Nicole Gelinas of New York-based Manhattan Institute tells OneNewsNow it's always a compliment when a major company chooses your city to find workers and invest in the community.

Alexandria Ocasio-Cortez"But the bad news is that the state and the city of New York are giving away far too much in tax breaks to this one company," she warns. "It's not going to be a fair playing field when Amazon is getting $2 billion or more of state and city tax breaks over the next decade, something that other companies don't get."

But what about taxes that Amazon will be paying? And its well-paid employees?

"It's certainly true that the 25,000 to 40,000 people that Amazon will hire will pay taxes," answers Gelinas. "They'll have to find a place to live, which means they'll be paying property taxes, (and) they'll be buying things, hopefully not just to Amazon, so they'll pay being sales taxes. But people who work for any company, or who even start their own business, they do all those same things."

Crystal City, Virginia, near Arlington, was also chosen by Amazon for a second headquarters.

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