Below are links from a blog post on Amazon’s headquarters deal with New York that I never completed. Check them for background to the article I’m pointing out today from The Nation titled “New York Fights – and Amazon Flees.” Yes, the company with $11 billion in 2018 profits that has paid no income tax for the past two years and is, in fact, getting a $120 million Federal tax rebate, has picked up its marbles and gone elsewhere.
There are economic diversity issues for New York to consider, as the article points out at the end, but things could be done that would benefit the city more than Bezos and his helipad. Good work, citizens!
Here is the Press Democrat editorial that incited me to write about Amazon last Fall.
Also check out Richard Wolff ‘s “Economic Update” on the Amazon sweet deal from November 30, 2018.
WordPress has changed, so this is not exactly how I wanted my first post of 2019 to be, but I don’t have time for the tutorial now. Stay tuned as the old dog tries to learn new tricks.