09-02-2011, 05:40 AM
Rolando wrote: As debt-ridden as NY and Ca are, it is pure stupidity to give business welfare. I have yet to see this really pays off.
It isn't business welfare. CA is redefining the legal definitions to make Amazon pay taxes that Amazon isn't legally obligated to pay. So Amazon is leaving. They will put their operations in a state that is business friendly and that state will reap a shload of tax revenue as a result. The only loser is the state that is massaging their tax code because they are overspending.