Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

This was different than organic job growth because of the number of jobs at stake:

> Amazon chose New York and Virginia after a year-long national competition with 234 cities and states vying for the 25,000-40,000 jobs. For a sense of scale, the next largest economic development project the state has completed was for approximately 1,000 jobs

What's the goal of tax policy? There's a) achieving the appearance of fairness, and b) maximizing revenue for your constituents. The two goals are not always aligned.

If you care more about fairness, then sure, the tax law is the tax law and you should hold the line no matter what. Personally I'd rather maximize revenue, especially here where the knock effects on the economy were pro-growth.



> Personally I'd rather maximize revenue, especially here where the knock effects on the economy were pro-growth.

Agreed, not to mention the blow this strikes against the state's willingness to be "open for business" as the NY State Budget Director pointed out.


Being fair would mean accepting Amazon was going to get the statutory incentives.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: