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Originally Posted by Street Advocate
Amazon is a little different that it may mean new jobs rather than moving existing jobs.
In general though when you use public taxes to lure in corporations, you are benefitting the corporation rather than investing in the actual community. Taking a job from the Midwest or elsewhere in the southeast is just pulling jobs from other people that also need jobs. Taxes should be spent on improving and maintaining the quality of life and infrastructure to support more new business and livelihoods rather than taking from other people’s lives. I’ve done my fair share of research of the economic impacts and it’s disgusting that governments keep incentivizing corporations rather than providing for their constituents. It’s like sandy springs taking jobs from Atlanta, the rationale behind it is completely shortsighted.
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Amazon is responsible for generating over $34 billion of indirect investment in Seattle. When looking at it that way, I would say a few billion dollars in subsidies are worth it.
Don't get me wrong, I agree with your overall point, but the HQ2 of one of the largest companies in the world is an entirely different animal compared to subsidizing a sports stadium or a warehouse that's only creating a few thousand low-paying jobs (Foxconn).