Monday, May 14, 2018

Gimme some money

Fox News: "Seattle approves ‘head tax’ on large businesses despite Amazon’s opposition."

Can't wait to see how this all plays out: "In the days ahead of the vote, Amazon said it had halted planning on a new 17-story office tower pending the city council’s decision. The Seattle-based e-commerce company employs more than 40,000 workers in Seattle, with plans for further expansion."

Extra - Twitchy: "Seattle is about to get a lesson in economic incentives." 


Roger Bournival said...

There's lots of underutilized real estate where Suffolk Downs used to be. Just sayin'...

Eirik said...

Seattle itself is rather small. The metro area has a lot of room. If Amazon chose to abandon their recent development and still wanted to stay in the Seattle area (an open question since they are going to open a secondary headquarters soon) they could easily do so. They could move someplace like Bellevue, Redmond or Everett within just a few years.

Or they decide to expand their new secondary headquarters and abandon Seattle all together.

Suckers who bought libertarianism also bought this said...

"Seattle is about to get a lesson in economic incentives."

If that's a correct guess, there'll be another rough lesson in economic incentives for the "lucky" city that spreads its ass cheeks the widest to give Amazon tax cuts and subsidies and windfall benefits.