AOC is no idiot. First of all she doesn’t have the brains for it. Amazon has announced that they have rented 35,000 square feet of office space in Manhattan and will hire 1,500 employees. That’s a far cry from the 25,000 jobs they were originally create in New York City.
AOC claims it is a victory because the city and state will not have to give Amazon tax breaks amounting to billions. But, what she doesn’t say is those tax breaks would be to help cover the cost of building a huge complex and giving the breaks for other taxes.
However, it would have cost the city and state not even a thin dime because it was allowing them to avoid taxes for a few years. But that tax revenue doesn’t exist because they didn’t build the campus they originally planned.
Imagine the income tax revenue for 25,000 employees making an average of $150,000 a year. That’s 3.750 billion a year that the state and city cannot collect taxes on every year. We’re talking somewhere in the neighborhood of 225 million dollars a year. That does not include the ancillary financial gain for hotels, taxis, office supply companies and other benefits gained from the move.
Rep. Alexandria Ocasio-Cortez (D-NY) claimed victory after Amazon announced its intention to lease office space in Manhattan, news which followed the lawmaker’s efforts to prevent the company from putting its second headquarters in New York City, which would have created 25,000 jobs.
Ocasio-Cortez celebrated the reports indicating that Amazon agreed to lease a 335,000-square-foot office space in Manhattan opening in 2021, which will bring an estimated 1,500 jobs to the area.
The news follows Amazon’s decision to back out of a deal to move its HQ2 project to Long Island City, which “could have created between 25,000 and 40,000 jobs with an average salary of $150,000,” as Breitbart News reported. Ocasio-Cortez opposed the idea due to the agreement’s “tax breaks and financial incentives” and celebrated Amazon’s decision to ditch the plan as a victory over “corporate greed.”
“Won’t you look at that: Amazon is coming to NYC anyway – *without* requiring the public to finance shady deals, helipad handouts for Jeff Bezos, & corporate giveaways,” Ocasio-Cortez tweeted following Friday’s announcement.
“Maybe the Trump admin should focus more on cutting public assistance to billionaires instead of poor families,” she added.
Another day, another viral misleading tweet from AOC. Amazon is leasing office space in Manhattan for 1,500 employees, which is 6% of the 25,000 jobs its HQ2 in Queens (her district) was supposed to add. https://t.co/aQM6Uv77Qx
— Peter J. Hasson (@peterjhasson) December 6, 2019
The Amazon HQ deal you destroyed in Queens would’ve employed 25,000+ people. The new space will employ 1,500. 25,000+ good jobs and increased economic activity at a growing headquarters is far > than 1,500 jobs at a non-HQ. You have an embarrassing lack of business knowledge.
— Robby Starbuck (@robbystarbuck) December 7, 2019
It’s incredible how dumb your followers are and how they’re praising you for this.
Amazon was initially offering 25,000 jobs in YOUR DISTRICT to now only offering 1,500 jobs OUTSIDE your district.
Meaning you caused 94% job loss in NYC.
— Caleb Hull 🎅🏻🎁 (@CalebJHull) December 7, 2019