Reply to post: Re: How do they get away with it?

Eggheads: Cities, don't woo rich Amazon with sweetheart HQ deals

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Angel

Re: How do they get away with it?

> Surely a state-financed bung like that is essentially "socialism" [ ... ]

Corporate socialism. We've been doing that since the '90's. It's still very much in fashion. Bill Clinton invented it, Obama perfected it.

Capitalism is for the little people.

I'm willing to bet that the notional value of the tax + land incentives is orders of magnitude greater than the tax revenue collected from the jobs created. Which means the tax incentives aren't subsidizing job creation, they're subsidizing Bezos directly, at a net fiscal loss for the community.

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