The Amazin’ Amazon “Race to the Bottom”

#situp | #rollover | #beg

"Tax breaks to Amazon promised by New Jersey: $7 billion. Tax breaks promised by Illinois: $2 billion. Something is deeply wrong with our economy & democracy when local governments offer up their tax base to a corporation worth over $500 billion." [Rep. Keith Ellison (D-MN05), via Twitter, 18 January 2017]

Julia Conley, via AlterNet:

Critics of Amazon’s “race to the bottom” as it searches for a home for its second headquarters said on Thursday that the company’s newly released shortlist of 20 cities highlights a crisis in the U.S. economy—one exemplified by the huge incentives offered to Amazon in the bidding war among potential hosts.

Rep. Keith Ellison (D-Minn.) was among those slamming Amazon and the state and local governments willing to give billions of dollars in tax breaks to the extremely wealthy multinational company.

Rep. Keith Ellison [D-MN05]. (Photo by Greg Nash)Tax breaks to Amazon promised by New Jersey: $7 billion. Tax breaks promised by Illinois: $2 billion. Something is deeply wrong with our economy & democracy when local governments offer up their tax base to a corporation worth over $500 billion.

Nor is this really new. But, yes, if this is the American Way, then we might wish to wonder why.

____________________

Image note: Top — Tweet by Rep. Keith Ellison, 18 January 2017.  Right — Rep. Keith Ellison. (Photo by Greg Nash)

Conley, Julia. “Keith Ellison: Desperate Bids for New Amazon HQ Prove Something ‘Deeply Wrong’ With America”. AlterNet. 19 January 2018.

Ellison, Keith. “Tax breaks to Amazon”. Twitter. 18 January 2018.

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