Jeff Bezos Earns $191K Per Minute, Why Are NY & VA Giving Amazon $3 Billion

Why Are NY & VA Giving Amazon $3 Billion in Corporate Welfare?

"Amazon has selected a pair of cities to host its new, expanded headquarters: Crystal City in Arlington, Virginia, and Long Island City in Queens, New York. Amazon’s decision came after a 14-month search that saw cities around the U.S. promise tax breaks, taxpayer-funded infrastructure and business-friendly ordinances in an effort to win what Amazon says will be $5 billion in new investment and thousands of jobs. Democratic Virginia Governor Ralph Northam called the Amazon headquarter “a big win for Virginia,” and New York City Mayor Bill de Blasio has similarly applauded Amazon’s decision. But many local politicians have openly criticized authorities in New York and Virginia for backing the deals, which will create a total of 50,000 jobs. We host a roundtable discussion about Amazon and corporate welfare. In New York, we speak with Ron Kim, member of the New York State Assembly. He recently co-wrote an opinion piece for The New York Times headlined “New York Should Say No to Amazon.” In Washington, D.C., we speak with Greg LeRoy, executive director of Good Jobs First, a watchdog group on economic development incentives. And in Portland, Maine, we speak with Stacy Mitchell, co-director of the Institute for Local Self-Reliance. She is the author of “Big-Box Swindle: The True Cost of Mega-Retailers and the Fight for America’s Independent Businesses.” ..."

Full show and transcript can be view at Democracy Now

Comments