-
Totally agree with the failure of monopoly-based-capitalism-on-steroids that Silicon Valley inevitably produces.
But as pointed out much of NYC is unbelievably shit and more akin to the developing world. Anything that invests in improving those shit bits is good - which from my reading is what the bulk of the money is going towards.
How much tax would they and their employees pay if they set up in Austin?
hugo7-
In theory yes, but it can also lead to a rent crisis like San Fransisco now has.
As an influx of high paid employees will lead to increased rents. So let's hope they use the cash wisely.
How much tax would they < f-all whatever they get away with
and their employees pay if they set up in Austin? < full tax, but see above on potential issues with housing
JWestland
Look up Prof Galloway on youtube, basically he explains in an hour why Amazon/Apple/Google/Facebook kill competition.
Aside from all the other shit like not paying full tax and therefore not filling the pot their employees who DO pay full tax need (roads/schools don't fund themselves). It is of course legal, but it is also piss boiling.