The Amazon Sweepstakes

Jacobin | R Scoble

Information is slowly trickling out about the 238 bids officially submitted, each story more outrageous than the last. Chicago, for example, is reportedly offering over $2 billion in tax breaks and other incentives. That’s 40 percent of the estimated $5 billion that Amazon estimates it will cost to build its second headquarters. Not to be outdone, the state of New Jersey and the city of Newark are putting up a combined $7 billion in incentives — more than the value of the initial investment and well over $100,000 for each one of the 50,000 jobs Amazon says it will create.

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