Normally, it takes years for a socialist to destroy 27 billion dollars in revenue and 25,000 jobs....it took Alexandria Cortez less than 2 months to do this to New York.....not a bad start.....now she just has to start digging the mass graves, cause they don't dig themselves...
Why do you think New York needs anymore corporate welfare?
Alexandria Ocasio-Cortez Celebrated Amazon Pulling Out of New York––But the Governor Says It Cost the City 25,000 Jobs
"Cuomo and other supporters of the project said that Amazon would have brought more than enough investment to the city to justify the tax breaks, and would have established New York as a tech hub to rival other hubs like San Francisco.
"Additionally, he said, HQ2 would have brought 'at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality-of-life improvements.”
"However, Ocasio-Cortez on Twitter questioned the validity of the jobs figure and pointed to a report that Amazon will pay zero federal income tax in 2018, despite $11 billion in profits."
That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.
That's what he says. They do not need these big tax breaks if NY is so great. This is legalized blackmail. Even Sean Hannity has criticized the tax breaks and he is not a supporter of Cortez.
Funding for a Green New Deal is available in some of the same ways FDR produced his version:
This Radical Plan to Fund the Green New Deal Just Might Work
"A network of public banks could fund the Green New Deal in the same way President Franklin Roosevelt funded the original New Deal.
"At a time when the banks were bankrupt, he used the publicly owned Reconstruction Finance Corporation as a public infrastructure bank.
"The Federal Reserve could also fund any program Congress wanted, if mandated to do it.
"Congress wrote the Federal Reserve Act and can amend it.
"Or the Treasury itself could do it, without the need even to change any laws.
"The Constitution authorizes Congress to 'coin money' and “regulate the value thereof,” and that power has been delegated to the Treasury. It could
mint a few trillion dollar platinum coins, put them in its bank account, and start writing checks against them.
"
What stops legislators from exercising those constitutional powers is simply that 'everyone knows' Zimbabwe-style hyperinflation will result.
"But will it?
"Compelling historical precedent shows that this need not be the case."
If the Green New Deal generates millions of living wage jobs, it will produce a big uptick in consumption which in two-thirds of US GDP.
As long as we don't reach a point where too many dollars are chasing too few goods, inflation will not be a problem.
