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As 'Corporate Bribery' Lands Amazon HQ2 in Queens, Ocasio-Cortez Says 'Outrage' Best Describes Community Response

#1

As 'Corporate Bribery' Lands Amazon HQ2 in Queens, Ocasio-Cortez Says 'Outrage' Best Describes Community Response

Jake Johnson, staff writer

After a year-long race-to-the-bottom competition to determine which city and state lawmakers would most subserviently grovel at its feet and offer the most generous taxpayer-funded gifts, Amazon on Monday reportedly chose Queens, New York and the Northern Virginia suburb of Crystal City as the split locations for its second headquarters, sparking anger among those who believe the online

#2

The right wing smear against Ocasio-Cortez begins in 3-2-1…“she is being paid under the table to bring Amazon to Queens”.

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#3

It should be a crime to own a business and not pay living wages. How much profit would Mr. Bezos receive if warehouse workers didn’t fill orders?

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#4

Excellent question–I’d love to find out.

This, of course, isn’t new. Taxpayers have been burdened with building private sports stadiums and airports for decades, something I never understood.

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#5

The Cato institute, in 2002, placed the value of corporate “welfare” subsidies at over $92 BILLION annually.
Good Jobs First, in 2014, placed that number up to $110 BILLION annually.

“Conservatives” and “Liberals” have more in common than the established system will allow them to realize, or admit.
They are distracted by often trivial, menial differences, whilst ignoring their commonalities.

The largest institutional shareholders of Amazon include:
Vanguard
BlackRock
State Street
Fidelity
Invesco
T Rowe Price
JP Morgan
Morgan Stanley
And other of the largest money-management firm, whom operate collaboratively, forming virtual monopolies amongst the largest “competing” corporations, via large share holdings, in most every single industry.
(source = morningstar.com)

Vanguard, BlackRock and State Street (the “Big Three”) alone hold over $16 TRILLION of a total $90 trillion in U.S. markets capitalization.
That over 17 percent, held by just three firms.

Combine that with the other largest firms, and you have some 40-50 percent of the markets controlled by a couple handfulls of firms.
Combine that with a few individual billionaire shareholders, and some 90 percent of the market is most wholly owned & thus controlled by the .001 percent.

These are among the same firms that largely own Apple, Alphabet, Facebook, Twitter, IBM, Microsoft, Ebay, Kroger, Walmart, Netflix, the largest “competing” defense contractors, the largest “competing” banks, the largest “competing” insurance co’s the largest “competing” pharmaceutical co’s, the largest “competing” media corps, the largest “competing” firms in most every single industry.

• Corporations owned by these firms are among the largest political campaign donors, to politicians from both the “left” and “right” (even their “fringe” elements like the “Libertarians” and “Progressives”).

• Corporations owned by these firms are among the largest spenders on lobbying activities, to politicians & bureaucrats of both the “left” and “right”.

• Not surprisingly, corporations owned by these firms are also among the largest recipients of the over $110 BILLION given away ANNUALLY by the government in the form of corporate subsidies.

Whereas the ultra-wealthy like Bezos, Gates, Zuckerberg, Musk, etc. are the billionaire CEO’s of these politically corrupting companies, they still answer to their largest shareholders.
They exist to drive as much profit back to the institutions that hold the shares, influence and/or voting power to replace Executives and Boards.

Much of their wealth has been made via, and is thus dependent upon these large money-management firms, via IPO’s and these stock holdings of their companies.
This is the true hierarchy, and collaboration of power and wealth in America.

Corporations owned by these firms are among Bernie Sanders’ largest campaign donors (Apple, Alphabet, Microsoft, IBM, etc.).

The WTID wealth inequality index is at its HIGHEST level EVER in U.S. history.

The .001 percent are not only receiving large tax breaks for themselves and their corporations, but also receiving BILLIONS in additional TAXPAYER monies.

Yet followers of the “left” and “right” are kept busily distracted, blaming & fighting each other over which side is to blame, and which sides “leaders” are most corrupt.

Guess what? The whole corporate-political establishment shares equal responsibility & blame.

This is the manipulation of the human instinct of “Dichotomous Thinking”.
Garnering more support for one’s side by identifying a common enemy.
Playing each side off the divisions of each.
It’s propagandist instilled legitimacy for the establishment.

This is one of the constructs of the New American Planned Market Economy, that is “capitalism” only for the .001 percent.
This is the basis of neo-feudalism in America.

Regardless whether “Dem” or “GOP” (or the "fringe offshoots, like “Progressives” or “Libertarians”), the same ultra-wealthy continue to gain ever-more wealth, the same ultra-powerful gain ever-more power.
Meanwhile, the rest of us continue to lose pace to highly under-reported inflation, as we continue to lose ever more rights, freedoms, liberties, and justice.

“The last thing abandoned by a party is its phraseology, because among political parties, as elsewhere, the vulgar make the language, and the vulgar abandon more easily the ideas that have been instilled into it than the words that it has learnt.”

“A democratic government is the only one in which those who vote for a tax can escape the obligation to pay it.”

“n cities [true democracies] men cannot be prevented from concerting together, and from awakening a mutual excitement which prompts sudden and passionate resolutions. Cities may be looked upon as large assemblies, of which all the inhabitants are members; their populace exercises a prodigious influence upon the magistrates, and frequently executes its own wishes without their intervention.”

-Alexis de Tocqueville-

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#6

You may be right, but I was actually expecting a left-wing smear. From Andrew Cuomo, obviously, but from colleagues in the House as well saying this is none of her business, she isn’t an ombudsman for her district, her response proves her political naivety, if cities had done things her way, they would be even worse. . .

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#7

Don’t think he didn’t do this on purpose to make look bad.

#8

Break them up, break them all up. These huge conglomerates are tooo big to exist. We need to enforce the laws on the books, tighten up those laws and bring back competition and small business and main street.

We are becoming a country of, by and for the rich. We the people don’t matter to these sycophants to want to rule the world.

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#9

Soon, every road will be choked off and housing affordable only to the rich. Tech has DESTROYED the Bay Area. You think homelessness is bad now?

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#10

It’s in our hands. Bypass Amazon and order directly from retailers. Use sites like Alibris to find independent booksellers.

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#11

Have you ever worked in politics?
Ever personally dealt with Lobbyists?
Ever worked in stock markets?
I’ve done each, with intimate insider knowledge of each, including the highly-intertwined relationships between each.

Do you realize Bernie Sanders’ largest campaign donors are owned by the same largest institutional shareholders that own Amazon? Tesla?
These large shareholders exercise their influence over their corporate assets (as per William McNabb of Vanguard).

These firms control tens of trillions of dollars.
The .001 percent control some 90 percent of the ENTIRE U.S. markets.

These firms own corporate America, and as such, politics, and thus the U.S. government.

I’m neither “left” nor “right”. Both are mere sheepish followers of the establishments highly manipulated & controlled system.

Money is power.
These firms are those with the massive amounts of capital, influence and political clout, to make or break the careers of ANY politician (I’ve personally seen it).
ANY politician that doesn’t cater to the whims, or becomes a true threat to their power base and wealth, will be systematically destroyed.

Read about the relationships between the Lords and Vassals of medieval feudalism.
Same goes in the U.S. today.
Corporatocracy is the established system in the U.S.

Read “A Republic No More” by Jay Cost.
Start researching the vast holdings of firms like Vanguard, BlackRock, State Street, Invesco, Fidelity, JP Morgan, etc.
They are among the true architects of the “economic recovery”. As such, they have the power to cause extreme disruptions to the American economy, should their power be disrupted.

Their concentrated control of stocks has led to the market rise (supply/demand).
Their consolidated corporate holdings (virtual monopolies) have allowed for greater profit (by eliminating true competition).

EVERYONE has a hand in this mess.
Voters and citizens themselves are most to blame, for patronizing the mega-corporations that further enrich the neo-feudal Lords.

People need & crave their gadgets, technology, trinkets, and pop-culture.
They need their corporate created entertainment-stylized news.

U.S. citizens have created the conditions of their own servitude to the .001 percent.

“I know of no country in which there is so little independence of mind and real freedom of discussion as in America.”

“He who seeks freedom for anything but freedom’s self is made to be a slave.”

“I know of no country, indeed, where the love of money has taken stronger hold on the affections of men”
-Alexis de Tocqueville-

My theory of improbable probabilities:
If it is possible (not excluded by physical or natural law), then regardless of it’s improbability, it can happen.

People need to learn to keep their “own” parties and “sides” accountable first and foremost.
Corruption happens, when people get too distracted identifying and criticizing the malfeasance of the “other” side, whilst ignoring the same of their own.

“Actions are held to be good or bad, not on their own merits, but according to who does them, and there is almost no kind of outrage — torture, the use of hostages, forced labour, mass deportations, imprisonment without trial, forgery, assassination, the bombing of civilians — which does not change its moral colour when it is committed by ‘our’ side.”
-George Orwell- Notes on Nationalism

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#12

Yes. The things that Rs and Ds argue about publicly, noisily and incessantly are nowhere near as important as what they quietly agree on behind closed doors.

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#13

Seems I read once that Alexander Hamilton authored the first tax rebate. We will need a constitutional amendment to stop this practice; it is so ingrained. Yes, it is bribery.

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#14

Don’t blame Amazon, blame De Blasio and all the other politicians who bent over backwards to court Bezos.

No one held a gun to their heads and said “You have to give us corporate welfare”. De Blasio and other politicians were so taken with the notion of “we can become the new home of Amazon” that they were willing to sell out their supposed constituents.

It’s the same this as with sports teams. Cities choose to screw over the citizens to get bragging rights.

The bribe offerer is at least as bad, if not worse, than the bribe accepter.

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#15

Oh, little Jeffy has also done a nice job of ruining downtown Seattle. He is a scourge.

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#16

That’s just the tip of the iceberg. Cities–mainly led by progressives who are now complaining–were lined up across the country to whore themselves out to get selected.

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#17

Please provide documentation that ‘dichotomous thinking’ is scientifically regarded as a human “instinct”.
There would be a marked difference in response from an “instinct” and that of a propensity that is highly influenced by an advertising/media driven social context - the ‘zero sum game’ as being fomented.
I submit Dichotomous Thinking Leads to Entity Theories of Human Ability

That said, your theory of improbable probabilities strikes me as elegant in its simplicity.

#18

This is repulsive. Maybe Nancy Pelosi will do something. Or her corporate hack democrat comrade - Cuomo.

#19

Yea, no money for schools but will help you build a billion dollar stadium.

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#20

As long as I’m still watching, I will demand proof of any accusation made against a politician. In this case, you state that these large financial behemoths are Bernie Sander’s largest campaign contributors. I will understandably disregard any statements made against Mr. Sanders unless you can provide the proof of your accusation.

Thank You.

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