Suppose each worker makes $150k/year in income and spends $50k a year. That would come out to about $187M in income taxes and $125M in sales taxes each year from the directly employed individuals. There is likely to additional revenue as well. The economic impact studies commissioned by the mayor and governor put the expected revenue in the $20B+ range over 25 years.
It’s become very stylish to rage against corporations. I wish people would take a more rational point of view. We shouldn’t be hating on successful businesses for fun.
Edit: also, I’m not sure, but isn’t the $3B a reduction in taxes Amazon would have paid? So it’s not like NY had that money to begin with. It’s jist a reduction in what they would receive.
It’s become very stylish to rage against corporations. I wish people would take a more rational point of view. We shouldn’t be hating on successful businesses for fun.
Edit: also, I’m not sure, but isn’t the $3B a reduction in taxes Amazon would have paid? So it’s not like NY had that money to begin with. It’s jist a reduction in what they would receive.
Ref: https://www.google.com/amp/s/amp.businessinsider.com/amazon-...