Salon.com: Activist Defeat of Amazon is a Win for Democracy Over Technology
media mentionHowever, Matthew Gardner, a senior fellow at the Institute on Taxation and Economic Policy, told Salon it is impossible to know truly if New York missed out on an economic loss or not, and to think of it as a “good” or “bad” deal is a “one-dimensional” way to look at it.
“From an opportunity-cost perspective what you can say is that by choosing not spend 3 billion dollars on tax breaks for one for one of the biggest companies in the world, New York has left itself the option of spending that 3 billion dollars in more fruitful ways such as infrastructure, education and healthcare ,” Gardner said. “Part of it could be spent on truly targeted tax incentives for smaller local businesses, too.”