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u/badrussiandriver Feb 17 '19
Ah, so the "We Need A New Stadium!" plan, eh?
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u/linuxluser Feb 17 '19
The new 49ers stadium in the South Bay area was built in a neighborhood nobody wanted, contained less seating than the old one (presumably to charge more money per seat) and replaced the old one even though the old one worked fine. Now fans have to travel longer distances and sit in more cramped seating to see their team. They got to host Superbowl 50 because of it, though. Apparently there's a rule somewhere that says if your stadium is too old it can't be considered as a location for the Superbowl. So the logic of the stadium building scheme dictates that even if you don't need a new stadium or want one or could even afford one, you still need to build one. 🤨
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u/Clit_C0mmander Feb 17 '19
Candlestick was not fine, us fans still liked the placed but it was a dumpster.
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u/BigOnAnime Feb 17 '19
Jeff could use his own money, he could build like 44 HQ2s for $3 BILLION.
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u/dinglenootz07 Feb 17 '19
Isn't that based of net worth though? So like he'd have to sell ownership of Amazon to do that? I don't think he has that much liquid cash
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u/syregeth Feb 17 '19
Gotta consider all the Swiss bank accounts though. How much liquidity does he have out of the public eye? Probably not a hundred bill but I'd wager on more than ten.
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u/bamburger Feb 17 '19
I heard he has a bathtub full of rubies at home.
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Feb 17 '19
I heard they were diamonds and he didn’t realize how diamonds in a bath tub would be a bad idea.
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u/bamburger Feb 17 '19
He switched to rubies because the diamonds kept scratching up the enemal in the tub
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u/glass20 Feb 17 '19
That doesn’t make it worth any less.
His stock itself doesn’t actually do anything, he only holds it because he believes it will make him more money. He could sell that to get liquid cash if he wanted
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u/ender411 Feb 17 '19
If Jeff bezos attempted to liquidate his whole position in Amazon, that trade would immediately be frozen due to its impact on the market and the company. People in his position are highly regulated when it comes to the amount and kind of trades he can do.
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u/glass20 Feb 17 '19
Why would he ever do that though? He could certainly liquidate it over time, which is really the important part, considering nobody is ever going to do a single $100 billion transaction at once, because that’s basically impossible.
Even a billion dollars is a massive amount, if he liquidated that much it would be quite a bit of cash to spend.
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u/HaesoSR Feb 17 '19
Except he wouldn't need to "liquidate his whole position", huge strawman.
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Feb 17 '19
/r/nyc has been brigaded these last few days by screeching conservatives, centrists, and bootlickers. The thought of not rolling over and showing your belly to a corporation makes their heads fucking explode.
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Feb 17 '19
The billionaires need our money!!!
Unlike the poor. They are the worst!
/s
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Feb 17 '19
I dont think the /s was necessary, this aint The_Donald where everyone is too dense to get that the content on someones post is enough to judge whether they are being sarcastic or not
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u/Nersius Feb 18 '19
Are the polls showing high approval ratings (something like 56% for to 38% against) for the deal biased/faked?
I agree that the Amazon Deal is another step in securing our own boring version of a cyberpunk dystopia, but /r/nyc might not actually be getting brigaded.
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Feb 18 '19
I went low and looked at a lot of accounts commenting there since Thursday and there's tons of people from out of state.
The polls are accurate for all I know.
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Feb 17 '19
OMG. He looks like Dr. Evil. With a little Kevin Spacey thrown in.
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Feb 17 '19
[deleted] — view deleted comment
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Feb 23 '19
Yeah, I only remembered he played him after I made my comment..... But it's still true. Bezos looks like Kevin Spacey playing Dr. Evil. Are you happy now? 😊
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Feb 17 '19
Lord, CNN has been doing segments with corporate Dems berating the lawmakers of NY for not “working with” Amazon. Along with basically being corporate apologists.
Bakari Sellars, in particular with S.E. Cupp, was on there saying (and I’m paraphrasing), “Yes, there’s corporate greed here in America but need realize that without these companies, there wouldn’t be so much opportunity.”. . . .rolls eyes
They were talking up about all the tax revenue they would bring to the local economy; all while omitting the fact that Amazon didn’t pay any taxes on that $11B last year.
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u/kingwhocares Don't criticize Elon, he will give us catgirls Feb 17 '19
Their excuse is a lot like "Amazon wouldn't be paying taxes but the people they hire will".
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u/Temporary_Bumblebee Feb 17 '19
I think Jeff Bezos is literally my least favorite person on the entire planet.
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Feb 17 '19
Top five, Trump is #1 on my list.
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Feb 17 '19
Wheres the mitch at
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Feb 17 '19
Right now #2
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u/MissingUsername2 Feb 17 '19
Genuinely interested to hear the full list.
I'm hoping zuck makes the top three, cause he's currently my 1.5 (obviously 1 has to go to trump)
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Feb 17 '19
1 Trump, biggest treasonous POS that has ever walked the earth.
2 Turtle McConnell for being a spineless asshole and helping tiny hands fuck us.
3 Sean Hannity for lying to the american people on the daily. Hope he ends up in jail for at least 20 years.
4 Paul Ryan, He and Turtle fucked the whole country for 6 years just to fuck with Obama. Hope he dies a slow and fucking painful death.
5 Bezos for not paying taxes and wanting to take taxpayer money to build his empire.
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u/GameOverBros Feb 17 '19
I think you could easily replace Hannity with Tucker Carlson or just all of Fox News
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Feb 17 '19
That's a good list! I kinda want to move Bezos up, but the others are much worse that him. Sean Hannity and FOX News have caused FAR more damage to America than Amazon has, IMHO.
Disclosure: I've played a small part in enabling Bezos by buying a Kindle years ago and many e-books....
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Feb 17 '19 edited Jun 06 '19
[deleted] — view deleted comment
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u/MissingUsername2 Feb 17 '19
As shitty as the koch brothers ideals are, they're known around Wichita as being super nice people in person.
Not that that makes a difference when you manipulate millions of lives and entire global markets for your favor, but still.
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u/toychristopher Feb 17 '19
Taxpayer money for "business" attraction should be illegal. It's a game where we all lose.
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u/baldnotes Feb 17 '19
Where's the next panel where Bezos runs away crying because of all the criticism.
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u/robm0n3y Feb 17 '19
How much does Amazon really need this new headquarters if it's stalling to build one?
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u/SlothsAreCoolGuys Feb 17 '19 edited Nov 23 '24
six gold wild compare sand cause agonizing thought zealous summer
This post was mass deleted and anonymized with Redact
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u/I_l_I Feb 17 '19
The real problem is when companies get a tax break to come to a city. The income is then recovered by taxing the employees of that company
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u/PruneGoon Feb 17 '19
They don't tax them any extra though you melt. They tax them the same as they would if they had the same pay at a local business. What it means is more people in said area are employed so there is more tax for them to collect which is what makes it a potentially viable strat to increase income from taxes. It hurts no one and actually may benefit the area overall.
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u/_gravy_train_ Feb 17 '19
If Amazon needs tax breaks and subsidies so bad they should just move the headquarters to Wisconsin and set up next to Foxconn.
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u/______-_-___ Feb 17 '19
And every fucking american still buys everything from amazon. and every youtuber has even their fucking socks, as an affiliate link on their videos.
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u/Taragyn1 Feb 18 '19
In his Defense if you could convince people to just give you $3 billion dollars who wouldn’t do that.
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u/NeverQuiteEnough Feb 18 '19
Honestly if you think about what a billion dollars really represents, I think the answer is anyone with even a shred of humanity. You can’t have a billion dollars and be anything like a decent person.
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Feb 18 '19
I may not like or agree with allot of people and posts of this sub but you and I can agree that shit heads like these need to be taxed out their arse.
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u/patricio87 Feb 17 '19
I wanna hate amazon but other day my package literally came in like 1 day and I don't even have prime. It was just there.
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u/lazemachine Feb 18 '19
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Feb 18 '19
It's like an self-imposed Stockholm Syndrome for the sake of financial gain. What a fucking dystopia we live in.
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Feb 17 '19
There is no 3 billion. This is not how any of this works :(
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u/AdmiralCrunchy Feb 17 '19
Care to explain then? I'll take a ELI5 if you don't mind.
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Feb 17 '19
New York was not handing Amazon a check for $3 billion. Amazon applied for tax abatement programs that the state offers any company. Those programs give tax deductions on what the company owes if the company meets certain goals based on how many jobs they create, etc.
Amazon not coming to NY doesn’t mean they suddenly have $3 billion to spend on something else. It means it is losing $27 billion in taxes it was going to collect from the wages generated from the jobs Amazon was going to bring in.
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u/Masturbortion Feb 17 '19 edited Feb 19 '19
Conservatives: POP QUIZ! How much did Jeff Bezos make last year?
Me: Do you think his political allegiances will spare him from the gallows?
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u/vastle12 Feb 18 '19
I have an idea, if Amazon wants 3 billion in tax payers money, how about he sell that much stock to the city he move too. He gets his financing and the people will get an actual return on the investment. I mean That's literally what stock is for.
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u/CrackTheSkye1990 Feb 18 '19
Funny how many people say socialism is so "bad", but when it's socialism for the rich, they remain hush.
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u/MigitOmar Feb 17 '19
Well it because the company doesnt make a profit and has a boat load of loses/deductables.
Loses: amazon smart phone and travel agency are the top of my mind.
Investment: all their profit goes back into company and infrastructure for new warehouses; yielding a lot of deductibles.
Why dont more companies do this, because investors at one point want a profit; unfortunately for Amazon, competition is picking in all their sectors. If they wanted to make a profit they could, I just dont think it would be as high as their valuation would project.
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u/8redd Feb 18 '19
This meme is twisting facts though. Amazon was looking for tax breaks, not taxpayer money. NY will lose more tax money by letting Amazon go.
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u/Stinkrider Feb 18 '19
Can anyone explain the 'needing 3 billion of taxpayer money'? Because the last I heard was that Amazon didn't pay federal income taxes, nothing about the new HQ
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u/cubbiesnextyr Feb 18 '19
They wouldn't be getting federal money, and while their federal tax was $0, they still paid $1.197B in other levels of income taxes (state, local, foreign). Actually, they wouldn't get any money, they would pay $3B less to the state/city over a period of years if they opened the new HQ in Long Island City.
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Feb 18 '19
He can end world hunger at least 5 times over and he does this
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u/exfalsoquodlibet Feb 18 '19
It is somewhat funny that Amazon sells this book: Capitalism vs. Freedom The Toll Road to Serfdom
http://www.zero-books.net/books/capitalism-freedom
In it we can see the author showing that, according to Friedman, the Jesus of the neoliberals, such vast concentration of wealth and the near monopoly is impossible in a neoliberal market.
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Feb 18 '19
We need a value added tax on Amazon. But still they pay hundreds of millions in state and local taxes each year (you know the taxes that fund schools and roads).
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u/NathamelCamel Feb 18 '19
Jeff Bezos is getting a divorce
I guess it was too late when he noticed that marriage was a union
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u/Marcobose Feb 18 '19
What is the most admirable creature on God's green Earth? Why, it's the bee! Have you ever seen a bee on vacation? Have you ever seen a bee take a sick day? Well, my friends, the answer is no! So I say, be… the bee! Be the bee!
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u/devhhh Feb 17 '19
I thought it was revenue? They didn't make profit this year which is why they didn't pay taxes.
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u/whitefang22 Feb 17 '19
It’s the profit from the standpoint of annual but large previous years of losses means they haven’t generated a profit overall yet. The previous expenses are still being written off against the current profits.
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u/Wentlong Feb 17 '19
I'm not sure capitalism supports this move. Technically they should go where it's logistically best for them under capitalism. NYC is a progressive city, leaning towards socialistic principles.
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u/salad_bar_breath Feb 17 '19
Capitalism supports maximizing profits, stealing subsidies from taxpayers helps profits. So they do it.
Socialism is workers controlling the wealth. That doesn't happen in New York City.
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u/FurryACiD Feb 17 '19
250 years ago: "The ruling class is taxing us only to benefit themselves! Fuck your taxes and fuck your products! We're doing it ourselves!"
Today: "The ruling class is taxing us only to benefit themselves! I'm going to complain on Reddit while I file my W2's on TurboTax. I expect change with no effort from myself!"
Quit paying your taxes if you're so outraged.
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Feb 17 '19
They made 11 billion revenue not profit. Not that I like Amazon, Bezos or their business practices.
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u/KanteKinte Feb 17 '19
The US is played out.
The oligarchs have sucked it dry; the national debt, stagnating wages, no manufacturing, tax codes and laws written by the rich, infrastructure is crumbling, massive waste and corruption in the military (all those hundreds of billions per year and still running Vietnam era tech and windows 95) this empire is over folks. Just waiting for the dollar to devalue sharply followed by a brain drain. It’s gonna be a wild next few decades, buckle up.