• Nick Sorrentino

NY taxpayers to pay $50k for each Amazon job

It's good to be a deeply connected, highly political company that knows how to lobby local government. No wonder Amazon parked its HQ2 in 2 big government cities.

(From Fox New York)
New York state's incentives are nearly triple those of Virginia's, while Tennessee's are $102 million.
According to Amazon, the cost per job for New York taxpayers is $48,000, compared to $22,000 for Virginia and $13,000 for Tennessee.
In a statement released by Amazon, Cuomo called the agreement "one of the largest, most competitive economic development investments in U.S. history."

This is classic crony capitalism. Some people get taxes paid to them. (Mr. Bezos.) Some people just pay taxes. (You.)

Click here for the article.