AOC Celebrates a Potential Withdrawal of Amazon from NYC ― Her District Could Lose out on a Lot of Money

Rick Loomis/Getty Images

Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) took to Twitter to celebrate the news that Amazon may be reconsidering using her district as the home for their new headquarters, but that might not be news worth celebrating if you live in New York City.

According to a report from the Wall Street Journal, Amazon is reconsidering their decision to move to New York City because of backlash from politicians like Ocasio-Cortez and State Senator Mike Gianaris (D-N.Y.). With Ocasio-Cortez representing the district on Capitol Hill and Gianaris’ recent placement on a board that will oversee Amazon’s move into the city, the corporate giant is reportedly rethinking their decision.

Ocasio-Cortez couldn’t be more thrilled. As IJR previously reported, the congresswoman was “outraged” when Amazon first made the decision to move into her district. Now, she’s celebrating their hesitation.

Eric Schiffer, a financial and branding expert, as well as the CEO of two companies, Patriarch Organization, and Reputation Management Consultants, said that Ocasio-Cortez’s opposition to Amazon could result in less money coming into her district which, in turn, means fewer tax dollars that could go toward infrastructure or other needs in the district.

“Most politicians can only think through the lens of their two-year reelection and don’t understand the positive implications and tax revenue from a mammoth employer like Amazon,” Schiffer told IJR. “The benefits, medium to long term, are enormous to tax revenue.”

Some New York politicians, like Sen. Gianaris, were not pleased with Amazon’s entry in New York because of the tax packages they were offered by Governor Andrew Cuomo (D-N.Y.). In a petition on his website, Gianaris claimed that the state is giving Amazon “nearly $3 billion in tax breaks and subsidies.” Smaller businesses often don’t see those advantages.

Schiffer, however, argued that the negotiation to bring Amazon into the state could result as a net gain to the entire region, despite the tax breaks.

“Many cities and states have grown their commerce significantly by investing upfront,” said Schiffer, noting that a company the size of Amazon could cause a local economic boom in terms of supporting businesses, such as stores and restaurants for the employees. Of course, sales tax revenue accompanies economic growth.

“You have a competitive environment, which is a part of capitalism, in which many cities are looking for the jobs and investment that Amazon would provide,” said Schiffer. “That’s why you’re seeing Dallas and others that are clamoring, hoping that New York buries themselves alive from their own killing machine of socialism.”

On the note of socialism, Schiffer told IJR that Ocasio-Cortez’s outlook on the economy is a “rat poison” to the capitalist system that rewards competitive advantages.

“I think [Ocasio-Cortez] is a rat poison to the heartbeat of capitalism and for her to be celebrating the lost jobs, thousands of construction and blue collar jobs that come from building [Amazon’s] headquarters, as well as executive jobs and corporate jobs, steps on the throat of what keeps democracy alive — capitalism, not socialism.”

Amazon’s new headquarters promises to bring New York City 25,000 new jobs. As Schiffer mentioned, they also plan to build a campus for their headquarters that is estimated to cost $2.5 billion.

The decision to officially leave New York City hasn’t been confirmed by Amazon. According to the Wall Street Journal, executives are strongly considering delaying the implementation in New York, but have not come to a conclusion on fully pulling out of the city.

What do you think?

Comments

comments

Loading…

0

Trump Ally Downplays Khashoggi Murder: ‘Atrocities in America Are Equal or Worse’

POTUS Pledges to ‘Never Waver’ on Protecting Americans and Says the Wall Is ‘Happening’