She Didn’t “Build” That

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She Didn't "Build" That

[cap­tion id=“attachment_111473” align=“aligncenter” width=“300”] Sad Ama­zon. But not that sad. | Shuttershock.[/caption]

by baldilocks

When Rep­re­sen­ta­tive Alexan­dria Ocasio-​Cortez (D-​NY) took credit for dri­ving Ama­zon away from her dis­trict and out of her state, she was tak­ing credit for the work of oth­ers. Surprise!

To wit:

… the “credit,” such as it is, doesn’t belong to her social media cam­paign or the pro­test­ers with makeshift signs march­ing around.

Instead, it goes to years of bad pub­lic pol­icy deci­sions that have cre­ated one of the most hos­tile states for busi­nesses in the country.

New York ranks No. 48 on the Tax Foundation’s rank­ing of busi­ness tax-​friendly states. It comes in sec­ond to last on the Chief Exec­u­tive Magazine’s list of “Best & Worst States for Busi­ness.” It shows up in No. 44 place on the CNBC Global CFO Council’s rank­ing for cost of doing busi­ness. Gov­ern­ing Mag­a­zine gave New York a D+ grade for small busi­ness friendliness.

New York ranks No. 48 on the Tax Foundation’s rank­ing of busi­ness tax-​friendly states. It comes in sec­ond to last on the Chief Exec­u­tive Magazine’s list of “Best & Worst States for Busi­ness.” It shows up in No. 44 place on the CNBC Global CFO Council’s rank­ing for cost of doing busi­ness. Gov­ern­ing Mag­a­zine gave New York a D+ grade for small busi­ness friendliness.

And in a “eco­nomic free­dom” rank­ing of the 52 largest metro areas in the coun­try, three of New York’s metro areas — New York City, Buf­falo and Rochester — show up in the bot­tom five. [snip]

Stud­ies con­sis­tently show that anti-​business states like New York reap what they sow. They lose jobs, lose pop­u­la­tion, lose tax rev­enues. No amount of tar­geted tax breaks will over­come these trends.

And, just like my home state of Cal­i­for­nia, New York is los­ing mil­lions peo­ple for these reasons.

The oped writer advises Gov­er­nor Andrew Cuomo (D-​NY) to cut taxes and reg­u­la­tions if he wants to bring more big­gies like Ama­zon into his state.

I guess that had to be said just for obviousness’s sake.

As for Rep. Ocasio-​Cortez, she is merely the result of a mind­set in her state, not the cause of that mind­set. I guess that’s obvi­ous, too.

Exit obser­va­tion about Boston Uni­ver­sity — AOC’s alma mater — from which she holds some sort of hon­orific in economics:

After the can­cel­la­tion of the Ama­zon deal, she demon­strated a fun­da­men­tal mis­un­der­stand­ing of the corpse over which she stands astride:

If we were will­ing to give away [sic] $3 bil­lion for this deal, we could invest $3 bil­lion in our dis­trict our­selves if we want to. We could hire more teach­ers, we can fix our sub­ways, we can put a lot of peo­ple to work for that money if we wanted to,” Ocasio-​Cortez told reporters. “There was no guar­an­tee those jobs for the New York­ers that were here. We were look­ing at a deal that was not pri­mar­ily putting the com­mu­nity first.”

Empha­sis mine. She thinks $3B in tax incen­tives is the same as cash.

I once spec­u­lated in pub­lic that there is a secret cre­den­tial­ing sys­tem in place at many uni­ver­si­ties – the Ivies in par­tic­u­lar — for the hand-​picked future polit­i­cal lead­ers who don’t have the intel­lect and/​or the dis­ci­pline to earn their degrees in the way required of the rest of us. The dumber, the bet­ter, I said, since it’s more dif­fi­cult to con­trol the more intelligent.

In response, I was called a para­noid con­spir­acy theorist.

Juli­ette Akinyi Ochieng has been blog­ging since 2003 as baldilocks. Her older blog is here. She pub­lished her first novel, Tale of the Tigers: Love is Not a Game in 2012.

Fol­low her on Face­book, Twit­ter, MeWe, and Gab.

Hit Da Tech Guy Blog’s Tip Jar or hit Juliette’s!

Sad Amazon. But not that sad. | Shuttershock.

by baldilocks

When Representative Alexandria Ocasio-Cortez (D-NY) took credit for driving Amazon away from her district and out of her state, she was taking credit for the work of others. Surprise!

To wit:

… the “credit,” such as it is, doesn’t belong to her social media campaign or the protesters with makeshift signs marching around.

Instead, it goes to years of bad public policy decisions that have created one of the most hostile states for businesses in the country.

New York ranks No. 48 on the Tax Foundation’s ranking of business tax-friendly states. It comes in second to last on the Chief Executive Magazine’s list of “Best & Worst States for Business.” It shows up in No. 44 place on the CNBC Global CFO Council’s ranking for cost of doing business. Governing Magazine gave New York a D+ grade for small business friendliness.

New York ranks No. 48 on the Tax Foundation’s ranking of business tax-friendly states. It comes in second to last on the Chief Executive Magazine’s list of “Best & Worst States for Business.” It shows up in No. 44 place on the CNBC Global CFO Council’s ranking for cost of doing business. Governing Magazine gave New York a D+ grade for small business friendliness.

And in a “economic freedom” ranking of the 52 largest metro areas in the country, three of New York’s metro areas — New York City, Buffalo and Rochester — show up in the bottom five. [snip]

Studies consistently show that anti-business states like New York reap what they sow. They lose jobs, lose population, lose tax revenues. No amount of targeted tax breaks will overcome these trends.

And, just like my home state of California, New York is losing millions people for these reasons.

The oped writer advises Governor Andrew Cuomo (D-NY) to cut taxes and regulations if he wants to bring more biggies like Amazon into his state.

I guess that had to be said just for obviousness’s sake.

As for Rep. Ocasio-Cortez, she is merely the result of a mindset in her state, not the cause of that mindset. I guess that’s obvious, too.

Exit observation about Boston University — AOC’s alma mater — from which she holds some sort of honorific in economics:

After the cancellation of the Amazon deal, she demonstrated a fundamental misunderstanding of the corpse over which she stands astride:

“If we were willing to give away [sic] $3 billion for this deal, we could invest $3 billion in our district ourselves if we want to. We could hire more teachers, we can fix our subways, we can put a lot of people to work for that money if we wanted to,” Ocasio-Cortez told reporters. “There was no guarantee those jobs for the New Yorkers that were here. We were looking at a deal that was not primarily putting the community first.”

Emphasis mine. She thinks $3B in tax incentives is the same as cash.

I once speculated in public that there is a secret credentialing system in place at many universities – the Ivies in particular — for the hand-picked future political leaders who don’t have the intellect and/or the discipline to earn their degrees in the way required of the rest of us. The dumber, the better, I said, since it’s more difficult to control the more intelligent.

In response, I was called a paranoid conspiracy theorist.

Juliette Akinyi Ochieng has been blogging since 2003 as baldilocks. Her older blog is here.  She published her first novel, Tale of the Tigers: Love is Not a Game in 2012.

Follow her on Facebook, Twitter, MeWe, and Gab.

Hit Da Tech Guy Blog’s Tip Jar or hit Juliette’s!