Addiction and Recovery
Ian Winer is an investor, philosopher, humanitarian, writer and public speaker who connects people to the truth of market places and human behavior. Ian is the author of the book, Ubiquitous Relativity: My Truth is Not the Truth. A regular contributor to CNBC, Fox Business, The Wall Street Journal, Bloomberg, and Reuters, to name just a few, he is known for seeking connections through non consensus thinking and making it relatable to everyone.
THE QUICKEST WAY TO GET TRUMP REELECTED IS FOR THE DEMOCRATS TO MAKE IT ABOUT SOCIALISM VS. CAPITALISM
Stories like this almost ensure Trump will be reelected.
I address this to the State politicians who nixed this:
The company that has revolutionized the world wants to build a new HQ in your neighborhood with 25,000+ jobs. You say "no" because you think it is too generous in tax incentives and the employees can't unionize???
NYC had a chance to put 25,000 people into jobs that actually are part of the future and will help with inequality because they pay $150,000 / year and you decline? Would you rather those 25,000 people go work in the coal industry for minimum wage and in mine shafts? Because they are hiring as well.
To the State Representatives of Long Island City:
You just saved $3 Billion in tax incentives. Now what? What is a better allocation of capital for your constituents over the next decade then bringing AMZN to your neighborhood?
Bernie Sanders and Chuck Schumer wrote a big op-ed about how companies should not buy back their own stock because it isn't an investment in the American worker. Ocasio-Cortez called it "creeping overreach." Yet, here is a company ready to invest in people in your district Chuck, and you make it impossible for them to do so.
There are a lot of centrist voters out there who look at this story and just throw up their hands and literally look at 2020 as a vote between Capitalism and Socialism. They will choose Capitalism.
Pension funds are severely underfunded. State and local (and Federal budgets) are a mess. We just passed $22 Trillion in debt. Our government has spent so much money on so many insane things that we are in terrible condition and yet Income inequality is relatively the worst it has ever been.
Hard decisions have to be made. The biggest company in the world picks your city to build a campus and employ 25,000 people and put who knows how much money into the local economy, and you decline because now all of a sudden you are fiscal conservatives???
I have many "progressive" friends. I believe in many of the things they believe in. But, this is not the answer. If this is the message to corporate America, Trump will win again.
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