This blog will deal with large things and little things: spiritual truths, politics and economy, news, comment, food and the State of Texas. Oh, and my poetry and pictures. Enjoy.
Friday, February 15, 2019
How stupid is AOC? This stupid: she just cost NY a loss of 27B!
Amazon was persuaded to build its headquarters in NYC. How? By offering Bezos a $3B tax break. AOC mobilized her fellow idiots to squelch the deal. Now she is bragging that she saved NY $3B. The truth is that NY State expected Amazon to to be charged $30B taxes in over a period of 10 Years. To entice Amazon, NY was going to give Bezos a $3B tax break. AOC thought that NY was GIVING Bezos $3B! By helping to squelch the deal with Amazon NY is losing the $27B net that Amazon would have paid. That is the consequence of electing Socialists who do not understand how income is generated.
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