Amazon looking to expand. $5B investment.

[rage2]

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Justin Trudeau has talked quite a bit about attracting tech companies to Canada, here is a chance for him to put his money where his mouth is.

Yea, because all this taxing the rich shit is the way to attract investment into Canada that's promising high paying jobs. Guess why Amazon isn't expanding in Seattle anymore?

http://www.seattletimes.com/seattle-...n-the-wealthy/

[civicHB]

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Yea, because all this taxing the rich shit is the way to attract investment into Canada that's promising high paying jobs. Guess why Amazon isn't expanding in Seattle anymore?

http://www.seattletimes.com/seattle-...n-the-wealthy/

In 2015, Washington households with incomes below $21,000 paid 16.8 percent of their income in state and local taxes, on average, while households with income above $500,000 paid only 2.4 percent, according to the organization.

Crazy!

[HiTempguy1]

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In 2015, Washington households with incomes below $21,000 paid 16.8 percent of their income in state and local taxes, on average, while households with income above $500,000 paid only 2.4 percent, according to the organization.

Crazy!

Ratios can make anything look lopsided. Fact is, those households with incomes below $21k were a net drain on societies resources, while the households with income above $500k were a net benefit.

[sexualbanana]

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Ratios can make anything look lopsided. Fact is, those households with incomes below $21k were a net drain on societies resources, while the households with income above $500k were a net benefit.

Isn't that kind of the point? The taxes collected from the average to affluent work to provide the safety net to those who make less?

[rage2]

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In 2015, Washington households with incomes below $21,000 paid 16.8 percent of their income in state and local taxes, on average, while households with income above $500,000 paid only 2.4 percent, according to the organization.

Crazy!

This is because Washington State has no income tax, it relies on a consumption/sales tax for revenue. Incomes below $21k (which includes students) gets into debt and spends more than they earn with the 16.8% working out to roughly $30k of spending. On the top end, that 2.4 taxes paid works out to $150k of spending. This is why consumption taxes doesn't work. The rich doesn't spend as much money in proportion to the poor. But it's incentives like this that attracted Amazon's Seattle investment in the first place.

[thetransporter]

its a North American idea not just Canada, could you imagine the what would happen to Calgary?
http://money.cnn.com/2017/09/11/tech...ies/index.html

no mention of Calgary. no surprise

[sexualbanana]

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This is because Washington State has no income tax, it relies on a consumption/sales tax for revenue. Incomes below $21k (which includes students) gets into debt and spends more than they earn with the 16.8% working out to roughly $30k of spending. On the top end, that 2.4 taxes paid works out to $150k of spending. This is why consumption taxes doesn't work. The rich doesn't spend as much money in proportion to the poor. But it's incentives like this that attracted Amazon's Seattle investment in the first place.

Yeah. Studies have shown that regressive taxes (like sales taxes) don't work because the poor basically end up paying more relative to what higher earners do.

[Buster]

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Isn't that kind of the point? The taxes collected from the average to affluent work to provide the safety net to those who make less?

A safety net is different than an ongoing subsidy.

[dezmarez]

CNBC says execs want Boston...

https://www.cnbc.com/2017/09/12/amaz...ys-report.html

[suntan]

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That's because they are out of touch with the Calgary market and pay shit. In IT circles it was widely considered as a "sweat shop."

Whatever you do, don't type "Amazon IT sweat shop" into Google.

[ExtraSlow]

The new york times used the stated criteria to choose a winning city. interesting read.
https://www.nytimes.com/interactive/...arters-be.html

[LilDrunkenSmurf]

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The new york times used the stated criteria to choose a winning city. interesting read.
https://www.nytimes.com/interactive/...arters-be.html

They also state at the beginning that they excluded Canada due to lack of data. That being said, I can't see any Canadian city really competing based on those requirements, within the article itself.

[Manhattan]

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The new york times used the stated criteria to choose a winning city. interesting read.
https://www.nytimes.com/interactive/...arters-be.html

Denver is basically the American version of Calgary with slightly better weather and all 4 major sports teams. They're also in the middle of the country so its a quick flight anywhere in the USA. I remember when all the TV infomercials all shipped out of Pueblo Colorado just because it was in the middle of the country and shipping was cheap.

[Xtrema]

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The new york times used the stated criteria to choose a winning city. interesting read.
https://www.nytimes.com/interactive/...arters-be.html

So Denver it is. The city’s lifestyle and affordability, coupled with the supply of tech talent from nearby universities, has already helped build a thriving start-up scene in Denver and Boulder, 40 minutes away. Big tech companies, including Google, Twitter, Oracle and I.B.M., have offices in the two cities. Denver has been attracting college graduates at an even faster rate than the largest cities. The region has the benefits of places like San Francisco and Seattle — outdoor recreation, microbreweries, diversity and a culture of inclusion (specifically cited by Amazon) — but the cost of living is still low enough to make it affordable, and lots of big-city refugees have been moving there for this reason. Amazon would be smart to follow them.

Sounds almost like Calgary.

[RealJimmyJames]

Denver, like Calgary except better in every possible way.

[Marsh]

Anyone that thinks Amazon is coming to Canada is kidding themselves.

[adam c]

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Denver, like Calgary except better in every possible way.

Except public healthcare

[gatorade]

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Anyone that thinks Amazon is coming to Canada is kidding themselves.

I actually haven't even seen Calgary mentioned on any list as a prospective headquarters other than the articles mentioned here.

[Gestalt]

Amazon. Tax payer funded exploiters.

Whoever lets them in tbeir city must never be elected avain.

I wonder if theiyl name the tax payer funded road servicing Amazon innovation way, to add insult to injury for being a iniveristy degreed invneotey clerk being paid $14.60 an hour. Like they did in MA?

[Toms-SC]

It's going to head to Texas.