Amazon's HQ2 is a 'money losing investment for taxpayers,' warns top Fed official
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Arguments

• agsr Premium Member 851 Pts

  February 2018

  It's an attractive proposition for any city to be the host of Amazon HQ with 50,000 employees.  It's like winning a bid for hosting Olympic, but better.  However, the winning city will have to offer Bezos deep concessions that maynot be worth it. Amazon, in it's tradition of undercutting any industry by lowest prices is doing it again.  All the cities bidding for Amazon business are essentially bidding in a reverse auction - the winner? Amazon. The loser: the winning city that will be greediest to get Amazon HQ.  
  It's a well stuidied economic phenomenon - the winners curse.

  Live Long and Prosper

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• billpassed Premium Member 146 Pts

  February 2018

  Cities may have to give Amazon tax cuts, reduced prices, etc. to get Amazon to build their HQ2 in that city.

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• love2debate 182 Pts

  February 2018

  @billpassed, I doubt that cities will avoid some level of deep subsidies to lure Amazon HQ.  Amazon has created a highly competitive environment where they will need to bid against each other.  I am sure that there are heavy negotiations behind the scenes.

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