AOC Flunks Economics 101

[iceberg]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

these are facts.

she believes her feelz.

very rarely will those two intersect with her.

 

[martybegan]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

$150k a year is "low paid"?

And that ignores the $$ brought in by the construction contracts, the furnishing of the offices, the ancillary services brought in, etc.

You must love big gov.

Hate it with a passion, but mostly at the federal level. States have more leeway, which was the purpose of the US Constitution in the first place.

 

[Brain357]

She didn’t support special tax incentives. That’s a good thing.

You're too stupid to see her stupidity.

You socialists are funny.

You economic illiterates used to be funny, but now you're just dreary and boring.

I understand economics a whole lot better than you kid.

You understand neither jack nor shit about economics.

Occasional Cortex's objection wasn't to the tax incentives per se, but that she's stupid enough to have believed that the $3 billion in tax breaks exists as cash-on-hand...That makes you every bit as economically illiterate as she is.

The end result is good. Bad for you socialists.

 

[danielpalos]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

3 year payback here. So is NY better off for chasing away Amazon?

in my opinion, upgrading infrastructure would mean going underground anyway;

"Ice Pirates" could use a "pirate cove."

 

[jknowgood]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

Lol, BMW got tax breaks here and they are a huge part of our economy. From Greenville to Charleston. Oh and amazon was going to pay 27 billion in taxes over 10 years.

 

[g5000]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

$150k a year is "low paid"?

And that ignores the $$ brought in by the construction contracts, the furnishing of the offices, the ancillary services brought in, etc.

Amazon workers are not paid $150,000. Not even close.

 

[CrusaderFrank]

Wasn't AMAZON going to spend billions TO ACTUALLY BUILD A FUCKING HQ????

 

[Toddsterpatriot]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

 

[g5000]

It's funny how pseuedocons are in favor of government handouts when it suits them.

 

[g5000]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

A looooooong time.

 

[Billy_Kinetta]

She certainly isn't selling Boston University's economics program.

 

[Billy_Kinetta]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism?

Depends upon the likely return.

 

[martybegan]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

$150k a year is "low paid"?

And that ignores the $$ brought in by the construction contracts, the furnishing of the offices, the ancillary services brought in, etc.

Amazon workers are not paid $150,000. Not even close.

The average salary at these offices was reported at $150k. This wasn't a warehouse, it was corporate offices. Lawyers, Tech people, account managers, all sorts of high paying white collar jobs.

 

[Remodeling Maidiac]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

Yes. The tax incentives are how we now land these mega corporations and all their jobs/revenue in our cities.
Like it or not that is the way it is and you look quite stupid not recognizing the HUGE loss this is to NY

 

[Toddsterpatriot]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

A looooooong time.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

Break even? Not unless New York is handing Amazon a check.
Is that what they were doing?

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

How long will it take a low wage non-Amazon worker to pay enough to make up $27 billion in state income taxes?

 

[g5000]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

A looooooong time.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

Break even? Not unless New York is handing Amazon a check.
Is that what they were doing?

You just showed you are as ignorant as AOC when it comes to tax expenditures and how they work.

 

[Wry Catcher]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You're correct, you cannot be fixed.

Either you are stupid, or too biased to see a point made by her which wasn't even abstract. She simply made an observation that the priorities would create long term jobs and lift up the people in her district.

She's a genuine moron and economic illiterate.

Are you agreeing with her?

I understand what she meant. It's kinda sad that you fit the mold of Easy65 - unable too think outside the box, the tiny little box of ignorance.

 

[Toddsterpatriot]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

A looooooong time.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

Break even? Not unless New York is handing Amazon a check.
Is that what they were doing?

You just showed you are as ignorant as AOC when it comes to tax expenditures and how they work.

Was the state handing cash to Amazon? Or were they reducing future taxes to be paid by Amazon?
How much extra revenue will they get from Amazon now that they canceled the deal?

 

[Oddball]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You're correct, you cannot be fixed.

Either you are stupid, or too biased to see a point made by her which wasn't even abstract. She simply made an observation that the priorities would create long term jobs and lift up the people in her district.

She's a genuine moron and economic illiterate.

Are you agreeing with her?

I understand what she meant. It's kinda sad that you fit the mold of Easy65 - unable too think outside the box, the tiny little box of ignorance.

Another illiterate, too got-damned stoopit to recognize that the $3 bil isn't cash-on-hand.

 

[Pilot1]

You economic illiterates used to be funny, but now you're just dreary and boring.

Wasted trip baby. Nobody said nothing about locking horns with no Tigers.