, 6 tweets, 2 min read Read on Twitter
I watched 'AOC' on a TV interview last night. On it she was celebrating Amazon's cancellation of its New York HQ. She said that the $3 billion that Amazon were getting (in tax benefits) could now be spent on education and subway upgrades. She is that financially illiterate.
A well meaning idiot like AOC thinks that the tax breaks that will now not happen, on the cash that will now not be generated at all (in NY), will now somehow magically produce 3 billion of cash from thin air to pay for public services. The stupidity is mind numbing.
Remarkably, the journalist doing the interview didn't ask the question about where this 3 billion would now come from as the only place it was going to be generated was within Amazon. Would Amazon just send 3 billion to New York because AOC & pals frustrated Amazon's plans?
To belabour the point. If NY were to grant company X a tax break worth a hundred billion dollars over the next 10 yrs & then X didn't proceed with the project. NY won't have an extra hundred billion to spend. That this needs to be explained to AOC makes one worry for democracy.
And then there's this. How much does Boston University get paid for an economics degree? What on earth are they teaching? 'Ocasio-Cortez, 28, graduated from the College of Arts & Sciences in 2011, with a degree in economics and international relations.'
Points to what worthless gunk so many 'university degrees' are now. Some institutions are spewing out fools with bits of paper & a photo in academic gown & the fools think they know something. Might as well start giving pilots licences to 4 year olds than can make plane noises
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