AOC Flunks Economics 101

[g5000]

AOC was right.

Amazon was being exempted from $3 billion in taxes. If Amazon paid those taxes instead, that $3 billion could have been used for the purposes AOC described.

All caught up now, retards?

 

[Wry Catcher]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

Doesn't she have a degree in economics??

If so some fool of a professor sure did the State of NY a disservice. She has no knowledge of economics at all.

What a dingbat.

Why do you echo others when you don't have a clue? Do you need attention? Get a puppy.

 

[Meathead]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

Doesn't she have a degree in economics??

If so some fool of a professor sure did the State of NY a disservice. She has no knowledge of economics at all.

What a dingbat.

What "cracks me up" is that AOC has begun a conversation, actually a number of conversations. And instead of engaging in those conversations...Republicans can only engage in ad hominem attacks.

We're talking about a first term Congress person who has no real power other than the power of her ideas...and those ideas TERRIFY Republicans

Yeah, and A|OC's so like OMG!!!

 

[danielpalos]

You socialists are funny.

You economic illiterates used to be funny, but now you're just dreary and boring.

I understand economics a whole lot better than you kid.

You understand neither jack nor shit about economics.

Occasional Cortex's objection wasn't to the tax incentives per se, but that she's stupid enough to have believed that the $3 billion in tax breaks exists as cash-on-hand...That makes you every bit as economically illiterate as she is.

You really are dumb. Too stupid to provi

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

You're dishonest and an intellectually challenged jerk.

She said:

"Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

Your arrogant hate permeates everything you post, no matter how they lack truth or substance, that hate reeks through every word you post.

Shes a fucking moron. she called th amazin jobs scraps

Alexandria Ocasio-Cortez Won't 'Settle For Scraps,' Post-Amazon | HuffPost

You guys really are stupid...

Where is the alternate plan? Nothing but repeal is for the right wing.

 

[Wry Catcher]

Are we sure it wasn’t to be cash payments? Foxconn getting cash payments...

The agreement comes with a number of incentives: Specifically, Amazon will receive $897 million from the city’s Relocation and Employment Assistance Program (REAP) and $386 million from the Industrial & Commercial Abatement Program (ICAP). It will receive an additional $505 million in a capital grant and $1.2 billion in “Excelsior” credits if its job creation goals are met. That brings the total amount of public funds granted to $2.988 billion—in other words, the city and state will pay Amazon $48,000 per job.

Thank you.

 

[g5000]

This reminds me of the Standard Oil Trust.

Rockefeller made backdoor deals with the railroads. In the public view, Standard Oil was paying the same freight rates as every other oil company. But in reality, Rockefeller was getting a kickback from the railroad. This meant he was actually paying less for transportation.

This enabled Rockefeller to lower his oil prices below what his competitors could and thus run them out of business.

Amazon was going to receive a massive $3 billion kickback from New York which would put them at a competitive advantage over their smaller competitors.

It's bullshit.

Total. Bullshit.

 

[Meathead]

AOC was right.

Amazon was being exempted from $3 billion in taxes. If Amazon paid those taxes instead, that $3 billion could have been used for the purposes AOC described.

All caught up now, retards?

So, no taxes and no jobs. Caught up now? Take a shower ... a long one.

 

[g5000]

If I am a small company (relative to a company the size of Amazon), and I am paying $10 million in taxes, and my competitor (Amazon) is paying zero taxes, I'm fucked.

It's a highly regressive ass-fuck of smaller companies.

Do you people understand this?

 

[g5000]

AOC was right.

Amazon was being exempted from $3 billion in taxes. If Amazon paid those taxes instead, that $3 billion could have been used for the purposes AOC described.

All caught up now, retards?

So, no taxes and no jobs. Caught up now? Take a shower ... a long one.

They weren't going to pay taxes anyway, dipshit. That's the problem with the whole deal.

New York was offering an anti-competition deal to a massive company.

No right thinking conservative would ever accept that kind of bullshit.

 

[Cecilie1200]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

In the sense that it's a government entity interacting with the private sector, yes.

New York and Amazon were negotiating a business deal. New York was offering Amazon something it wanted - favorable tax incentives - for something New York wanted - a big new employer with lots of new jobs and revenue. New York got stupid and forgot that they were not sitting in the driver's seat on the negotiation, and that there are a lot of other cities competing to make that deal with Amazon.

Sounds like capitalism to me.

 

[Cecilie1200]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

She didn’t support special tax incentives. That’s a good thing.

In what way? Is this another one of those "stop focusing on factually correct and concentrate on morally correct" things?

 

[Meathead]

AOC was right.

Amazon was being exempted from $3 billion in taxes. If Amazon paid those taxes instead, that $3 billion could have been used for the purposes AOC described.

All caught up now, retards?

So, no taxes and no jobs. Caught up now? Take a shower ... a long one.

They weren't going to pay taxes anyway, dipshit. That's the problem with the whole deal.

New York was offering an anti-competition deal to a massive company.

No right thinking conservative would ever accept that kind of bullshit.

Amazon wasn't going to pay taxes. The workers would have had jobs, paid taxes and stimulated the local economy. But people like you think jobs (and showers) are undignified. Fucking low life!

 

[Wry Catcher]

If I am a small company (relative to a company the size of Amazon), and I am paying $10 million in taxes, and my competitor (Amazon) is paying zero taxes, I'm fucked.

It's a highly regressive ass-fuck of smaller companies.

Do you people understand this?

No, they believed Ryan and Trump that the tax fraud bill was really in the best interests of the middle class. They even mislead them by taking out less withholding in the weekly checks, and then with the other hand gave them less or no refund and for some a bill.

 

[Brain357]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

In the sense that it's a government entity interacting with the private sector, yes.

New York and Amazon were negotiating a business deal. New York was offering Amazon something it wanted - favorable tax incentives - for something New York wanted - a big new employer with lots of new jobs and revenue. New York got stupid and forgot that they were not sitting in the driver's seat on the negotiation, and that there are a lot of other cities competing to make that deal with Amazon.

Sounds like capitalism to me.

Government making special deals with private business is not capitalism. Cronyism.

 

[Cecilie1200]

Amazon would have been exempted from $3 billion in taxes.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

A loooooooong time.

Tax expenditures are a fucking disaster for this country. They are costing the federal government $1.4 trillion a year. This results in higher federal tax rates and massive deficits.

It's tards like you, easyt, who are idiots when it comes to economics.

How long would it take for 25,000 low paid workers to make up the difference from their income taxes?

If Amazon paid $9 instead of $10.....it would take no time at all to make up the reduction.
Because $9 is more than $0.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

How long will it take a low wage Amazon worker to pay $120,000 in STATE income taxes?

A looooooong time.

They would have to pay $120,000 in state income taxes, EACH, to make up the difference.

Just to break even.

Break even? Not unless New York is handing Amazon a check.
Is that what they were doing?

You just showed you are as ignorant as AOC when it comes to tax expenditures and how they work.

Was the state handing cash to Amazon? Or were they reducing future taxes to be paid by Amazon?
How much extra revenue will they get from Amazon now that they canceled the deal?

I think they were also offering a capital grant toward the building, if Amazon would agree to use union labor to build it.

 

[Cecilie1200]

You socialists are funny.

You economic illiterates used to be funny, but now you're just dreary and boring.

I understand economics a whole lot better than you kid.

You understand neither jack nor shit about economics.

Occasional Cortex's objection wasn't to the tax incentives per se, but that she's stupid enough to have believed that the $3 billion in tax breaks exists as cash-on-hand...That makes you every bit as economically illiterate as she is.

You really are dumb. Too stupid to provi

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

You're dishonest and an intellectually challenged jerk.

She said:

"Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

Your arrogant hate permeates everything you post, no matter how they lack truth or substance, that hate reeks through every word you post.

Shes a fucking moron. she called th amazin jobs scraps

Alexandria Ocasio-Cortez Won't 'Settle For Scraps,' Post-Amazon | HuffPost

You guys really are stupid...

Well, to HER, they are. As if little Miss Fixing-America would condescend to do something as demeaning as actually working her way up in the world, the way the peons do.

 

[Cecilie1200]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

She didn’t support special tax incentives. That’s a good thing.

Conservatives don’t seem to mind welfare . When it’s given to giant corporations.

Leftists sure hate "welfare" . . . when it's given to someone who's actually useful.

 

[iceberg]

Marc Thiessen: Alexandria Ocasio-Cortez is an economic illiterate -- And that's bad news for America

"The left complains that conservatives are "obsessing" over Alexandria Ocasio-Cortez. Well, there is a reason for that: Ocasio-Cortez is driving the agenda of today's Democratic Party -- and her economic illiteracy is dangerous.

Case in point: Last week, Ocasio-Cortez celebrated the tanking of a deal negotiated by her fellow Democrats in which Amazonpromised to build a new headquarters in Long Island City, New York, right next to her congressional district. Amazon's departure cost the city between 25,000 and 40,000 new jobs. Forget the tech workers whom Amazon would have employed. Gone are all the unionized construction jobs to build the headquarters, as well as thousands of jobs created by all the small businesses -- restaurants, bodegas, dry cleaners and food carts -- that were preparing to open or expand to serve Amazon employees. They are devastated by Amazon's withdrawal.

Ocasio-Cortez was not disturbed at all. "We were subsidizing those jobs," she said. "Frankly, if we were willing to give away $3 billion for this deal, we could invest those $3 billion in our district, ourselves, if we wanted to. We could hire out more teachers. We can fix our subways. We can put a lot of people to work for that amount of money if we wanted to."

No, you can't. Ocasio-Cortez does not seem to realize that New York does not have $3 billion in cash sitting around waiting to be spent on her socialist dreams. The subsidies to Amazon were tax incentives, not cash payouts. It is Amazon's money, which New York agreed to make tax-exempt, so the company would invest it in building its new headquarters, hiring new workers and generating tens of billions in new tax revenue."

You can't fix her Socialist type of 'stupid'.

.

You think special tax incentives is good capitalism? You fail economics.

That's not the root of Occasional Cortex's economic illiteracy.

There's no $3 billion in actual reality...She made a fool of herself, and is too arrogant to recognize it.

She didn’t support special tax incentives. That’s a good thing.

Conservatives don’t seem to mind welfare . When it’s given to giant corporations.

next time we give someone $500 in welfare and food stamps cause they're in their 18th month of "joblessness" let me know how many jobs they put into the economy again.

 

[Meathead]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

 

[Brain357]

Government making special deals with private business is not capitalism. Cronyism.

The existence of private business is captalism just as it's purpose is to make capital. I am quite sure you do not understand what cronyism is. You may even be stupider than AOC.

So you think the government heavily influencing private business is good capitalism?