Two left-wing Democrats in America’s top media centers just gave away more than $2 billion in tax breaks to the richest of the rich — Amazon.com.
Amazon, one of the most valuable companies in the world, run by Jeff Bezos, whose $100-plus billion in personal wealth makes him the richest man in the world, has just scored a sweet deal from the states of New York and Virginia to expand there.
From New York, Amazon will receive tax breaks of $1.525 billion in exchange for building a four million square foot facility in Long Island City that includes 25,000 jobs high-paying jobs.
Basically, it will cost the taxpayers of New York $48,000 for each one of those jobs.
New York’s governor, Andrew Cuomo, is a left-wing Democrat .
Virginia has offered Amazon $573 million in exchange for a guarantee of 25,000 jobs.
Virginia’s governor is Ralph Northam, a left-wing Democrat.
Please note that in 2017, Amazon made $5.6 billion in profit and not only paid zero in federal income tax, it received a $137 million tax refund.
This is exactly how crony capitalism works.
Outside of the gobsmacking hypocrisy coming from the silence over this from the very same Democrats and media outlets that screamed PEOPLE WILL DIE! over President Trump’s across-the-board tax cuts (that benefited all companies and working people equally), this is an almost perfect example of the hideous corporatism that infects all of the Democrat Party and way too much of the Republican Party (the Republican mayor of Arlington, VA, is raising taxes on hotel rooms for Amazon and the state of Tennessee will give away $105 million).
Although Amazon has more than enough money to relocate wherever it wishes, although Amazon straight-up lied about using its vast wealth and this expansion to help people (it was obviously all about soaking taxpayers for as much as possible), the silent hypocrisy from the left and media (it sure helps that Jeff Bezos owns the Washington Post!) when it comes to politicians picking winners and losers, being controlled by Big Money, and what that means to area residents, will continue.
What’s more, how much control will these mammoth new HQs enjoy over its employees, and how will this control affect non-employees (i.e., American citizens) caught in this mammoth land grab?