AOC Flunks Economics 101

[Cellblock2429]

generating tens of billions in new tax revenue.

You are an idiot if you buy that bullshit.

/——/ Stop making excuses for the moron AOC. NY lost out big time.
View attachment 247330

One of the concerns was that the neighborhood would get more expensive and price long term residents out of their neighborhood.

/----/ Hunter's Point NY

 

[Cellblock2429]

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'.

.

Still using that even though Hayek would greatly disagree with what Trump is doing? Funny.

Lol
There’s nothing wrong with disagreeing, But the fact remains socialism is an dead end... history has proven that countless times.

I don't disagree, but special tax deals for big business is much closer to socialism than capitalism.

/---/When Macy's marks down shoes by 20% - is that socialism?

 

[danielpalos]

generating tens of billions in new tax revenue.

You are an idiot if you buy that bullshit.

/——/ Stop making excuses for the moron AOC. NY lost out big time.
View attachment 247330

One of the concerns was that the neighborhood would get more expensive and price long term residents out of their neighborhood.

/----/ Hunter's Point NY

undeveloped riverfront property?

 

[danielpalos]

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'.

.

Still using that even though Hayek would greatly disagree with what Trump is doing? Funny.

Lol
There’s nothing wrong with disagreeing, But the fact remains socialism is an dead end... history has proven that countless times.

I don't disagree, but special tax deals for big business is much closer to socialism than capitalism.

/---/When Macy's marks down shoes by 20% - is that socialism?

it must be if it is not about profit.

 

[Cellblock2429]

Still using that even though Hayek would greatly disagree with what Trump is doing? Funny.

Lol
There’s nothing wrong with disagreeing, But the fact remains socialism is an dead end... history has proven that countless times.

I don't disagree, but special tax deals for big business is much closer to socialism than capitalism.

/---/When Macy's marks down shoes by 20% - is that socialism?

it must be if it is not about profit.

/——/ It’s about profit and clearing out inventory for the next season. Do you have any idea how business works?

 

[AntonToo]

Another babbled line. Yes of course he is. And he was against these types of special deals for corporations. If you weren't a Russian hack you'd see that. But you are just here to spout the same idiot one liners.

Lol
Typical of a control freak like yourself… Can’t stand anyone disagreeing with you

How many hundreds of times have you used that response. Do you just copy and paste? Your understanding of English seems very limited....

You just proved my point... You can’t help being a control freak.

Your socialist views betray commonsense

I've been talking about Friendman and you say I have socialist views. That is too funny Russian hack.

Bullshit. Some of the most notable tech advances in recent memory were cradled by or developed in partnership with govenrment (NSF, NASA etc).

Just a short list: microchips,Internet,GPS, touch screens, Infant formula, barcoding, vacines, carbon fiber, wind energy and so on.

 

[AntonToo]

Thats exactly right and exactly why we need the government to reign in their bottom line chasing excesses.

 

[AntonToo]

generating tens of billions in new tax revenue.

You are an idiot if you buy that bullshit.

/——/ Stop making excuses for the moron AOC. NY lost out big time.

Facts are facts - there is no way in hell NY would see "tens of billions" in taxes from this deal, thats just bullshit.

 

[Rustic]

Thats exactly right and exactly why we need the government to reign in their bottom line chasing excesses.

Personal wealth is exactly that… Personal wealth. None of the federal governments business

 

[Rustic]

Lol
Typical of a control freak like yourself… Can’t stand anyone disagreeing with you

How many hundreds of times have you used that response. Do you just copy and paste? Your understanding of English seems very limited....

You just proved my point... You can’t help being a control freak.

Your socialist views betray commonsense

I've been talking about Friendman and you say I have socialist views. That is too funny Russian hack.

Bullshit. Some of the most notable tech advances in recent memory were cradled by or developed in partnership with govenrment (NSF, NASA etc).

Just a short list: microchips,Internet,GPS, touch screens, Infant formula, barcoding, vacines, carbon fiber, wind energy and so on.

Lol
Who paid for that? Certainly was not the government…

 

[Theowl32]

Good, the left are defending her stupidity.

Which means, not only are they not embarrassed by her stupidity, they fully support it.

LOL

 

[danielpalos]

Still using that even though Hayek would greatly disagree with what Trump is doing? Funny.

Lol
There’s nothing wrong with disagreeing, But the fact remains socialism is an dead end... history has proven that countless times.

I don't disagree, but special tax deals for big business is much closer to socialism than capitalism.

/---/When Macy's marks down shoes by 20% - is that socialism?

it must be if it is not about profit.

/——/ It’s about profit and clearing out inventory for the next season. Do you have any idea how business works?

it is about the socialism of people wanting something for free, or for less.

 

[Cellblock2429]

generating tens of billions in new tax revenue.

You are an idiot if you buy that bullshit.

/——/ Stop making excuses for the moron AOC. NY lost out big time.

Facts are facts - there is no way in hell NY would see "tens of billions" in taxes from this deal, thats just bullshit.

/——/ Not in one year, everything was based on 25 years. Are you totally clueless?

 

[AntonToo]

generating tens of billions in new tax revenue.

You are an idiot if you buy that bullshit.

/——/ Stop making excuses for the moron AOC. NY lost out big time.

Facts are facts - there is no way in hell NY would see "tens of billions" in taxes from this deal, thats just bullshit.

/——/ Not in one year, everything was based on 25 years. Are you totally clueless?

Hey clueless, Amazon will be looking for more tax-breaks as soon as 3 billion is up and someone else is offering up billions in tax credits for them to move. No way in hell they are paying much of anything.

 

[Lesh]

Not in one year, everything was based on 25 years. Are you totally clueless?

And the infra structure costs to the city?

Those span that 25 years as well

 

[AntonToo]

How many hundreds of times have you used that response. Do you just copy and paste? Your understanding of English seems very limited....

You just proved my point... You can’t help being a control freak.

Your socialist views betray commonsense

I've been talking about Friendman and you say I have socialist views. That is too funny Russian hack.

Bullshit. Some of the most notable tech advances in recent memory were cradled by or developed in partnership with govenrment (NSF, NASA etc).

Just a short list: microchips,Internet,GPS, touch screens, Infant formula, barcoding, vacines, carbon fiber, wind energy and so on.

Lol
Who paid for that? Certainly was not the government…

The government dummy, with our taxes slash debt.

You wouldn't give a ******* penny for internet R&D if it was really your money.

 

[MisterBeale]

This reminds me of the Standard Oil Trust.

Rockefeller made backdoor deals with the railroads. In the public view, Standard Oil was paying the same freight rates as every other oil company. But in reality, Rockefeller was getting a kickback from the railroad. This meant he was actually paying less for transportation.

This enabled Rockefeller to lower his oil prices below what his competitors could and thus run them out of business.

Amazon was going to receive a massive $3 billion kickback from New York which would put them at a competitive advantage over their smaller competitors.

It's bullshit.

Total. Bullshit.

Amazon is already bullshit. It has been bullshit, and, it is the number one purveyor of the Deep State conspiracy of the fake news and "Russia Collusion" fantasy.

I've already told all my friends and neighbors to boycott them, but, nobody listens.

I am surprised you folks on the left are just now starting to wise up.



You gobble lies that WaPo feeds you like it is the Gospel truth, yet most of it is propaganda is meant to increase the bottom line of Amazon, and the military-industrial-complex, a la the CIA.

Why Amazon's Collaboration With the CIA Is So Ominous -- and Vulnerable | HuffPost





The whole reason it can undercut retail stores, with no shipping costs is because it own nearly a third of web services.

Keyword Research, Competitor Analysis, & Website Ranking | Alexa

For all we know, USMB is using Alexa web services. THEY OWN EVERYTHING, that is how they subsidize consumers products and put everyone out of business. Pretty much the nightmare Walmart was in the nineties.

/——-/ I published and sell about 450 books a month on KDP Amazon.

And? This stops you from having the integrity to say that, "yes" Amazon has predatory business practices? It's practices are monopolistic and you might, in the end, be safer and have a better business if it had some competition?

Or what?


I am sorry I if this information is disturbing.

I know you are a Trump supporter, but your business is helping to destroy him. Glad the information could help.




Personally, I think, along with the many other flaws and oversights the founders had when the wrote they Constitution, not placing a wall between the government and business, (like it guaranteed by not endorsing any particular religion,) IOW, outlawing Dirigisme, was among them. Not outlawing the economic model that is used by fascism is probably the greatest oversight. It is one thing to give corporations the protections of a person, but it was a bridge too far giving them the RIGHTS of a person, this is destroying our society. You know they don't want you to know about something, when the word is not even in the spell checkers. . .

Folks never acknowledge that Hitler and Mussolini admired the economic reforms that FDR made. And BIG government wants to continue to emulate big government Dirigismists, IOW, FDR and the fascists. LIKE THIS IS A GOOD THING?

NO. AMAZON is bad. BIG BANKS AND THE FEDERAL RESERVE ARE BAD. SOCIALISM FOR THE ELITES IS BAD.

You know why no one on the left, and why Bernie and AOC herself can't, OR WON'T, precisely tell you what the difference between socialism and "democratic-socialism" is? Because they don't want to come out and say it. . .

FASCISM.

Dirigisme - Wikipedia

". . . Economic dirigisme has been described as an inherent aspect of fascist economies by Hungarian author, Iván T. Berend in his book An Economic History of Twentieth-Century Europe.[4] However, the Fascist systems created by Benito Mussolini (Italy), António Salazar (Portugal), Francisco Franco (Spain) Emperor Hirohito (Japan), and Adolf Hitler (Germany) are a varied mix of elements from numerous philosophies, including: nationalism, authoritarianism, militarism, corporatism, collectivism, totalitarianism, and anti-communism.[5]

Dirigisme has been brought up as a politico-economic scheme at odds with laissez-faire capitalism in the context of French overseas holdings. Countries such as Lebanon and Syria have been influenced by this motif[6] to varying degrees throughout the post-colonial period.

The economies of the East Asian tigers are sometimes characterised as being "dirigiste" due to the strong role played by the state in development planning and guiding investment.[citation needed]. Dirigisme is also seen in India. The state has complete control and ownership of railways; majority control and stake in banking, insurance, electricity, and oil and gas industries; and has substantial control over telecommunication, port and shipping industries.[7][8][9][10]"


Sanders and Ocasio-Cortez Are Not Socialists — What Are They?
https://www.realclearpolicy.com/art...4YQxU4QAb-WqmVswgNUrnHrA_73AlCeP2McXMTMVOwk2w

". . . .It is unlikely that the rather arcane term “dirigisme” will catch on anytime soon as a description for the set of policies being offered by the so-called socialist wing of the Democratic Party. But it is important to understand those policies are not, in fact, socialist but represent an approach to economic policy that has been adopted, historically, by both far-left progressives and far-right governments, albeit with differing goals in mind. Nor can these policies be defined as capitalist, despite the fact that they maintain the institutional infrastructure of private property.

When it comes to private property, dirigisme separates control of property from its legal title. While legal title to the means of production may remain in private hands, use of that property, particularly when it comes to what and how goods and services are produced, distributed, and paid for, is directed by the state to advance the goals of the state. Upon close examination, it is this principle — dirigisme — and not the outright ownership of the means of production by the state which democratic socialists like Bernie Sanders and Alexandria Ocasio-Cortez stand for.. . "

 

[Rustic]

You just proved my point... You can’t help being a control freak.

Your socialist views betray commonsense

I've been talking about Friendman and you say I have socialist views. That is too funny Russian hack.

Bullshit. Some of the most notable tech advances in recent memory were cradled by or developed in partnership with govenrment (NSF, NASA etc).

Just a short list: microchips,Internet,GPS, touch screens, Infant formula, barcoding, vacines, carbon fiber, wind energy and so on.

Lol
Who paid for that? Certainly was not the government…

The government dummy, with our taxes slash debt.

You wouldn't give a ******* penny for internet R&D if it was really your money.

The private sector is much better at such things

 

[AntonToo]

I've been talking about Friendman and you say I have socialist views. That is too funny Russian hack.

Bullshit. Some of the most notable tech advances in recent memory were cradled by or developed in partnership with govenrment (NSF, NASA etc).

Just a short list: microchips,Internet,GPS, touch screens, Infant formula, barcoding, vacines, carbon fiber, wind energy and so on.

Lol
Who paid for that? Certainly was not the government…

The government dummy, with our taxes slash debt.

You wouldn't give a ******* penny for internet R&D if it was really your money.

The private sector is much better at such things

R&D without a more or less clear way to profit? Not really.

Some companies do it, but they are the exception not the norm. Norm is for companies to adapt and polish existing tech for consumer ends - thats where private market shines.

 

[John Shaw]

The weird thing is that she has a background in economics with a pretty decent education, but somehow manages to sound as ignorant on the subject as me, someone with no experience in economics beyond high school ... no, even more ignorant, since I acknowledge I have a high school level understanding of economics, whereas she seems to think herself an expert.