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Pretty great analysis of why AOC is an idiot
Poast new message in this thread
Date: April 9th, 2019 1:07 PM Author: Autistic church building coffee pot https://www.oaktreecapital.com/docs/default-source/memos/growing-the-pie.pdf (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062508) |
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Date: April 9th, 2019 11:04 PM Author: Boyish associate she's a congresswoman in her 20's. what do you do? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065455) |
Date: April 9th, 2019 1:08 PM Author: indigo location Cackle. I like to call that Trumped up trickle down. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062515) |
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Date: April 9th, 2019 1:10 PM Author: amber electric headpube Will she be reelected? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062528) |
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Date: April 9th, 2019 1:12 PM Author: Chocolate razzmatazz piazza She entirely misses the point. There was no $3 billion sitting in a city bank account, waiting to be spent on either subsidies for Amazon or enhanced services for New Yorkers. The $3 billion going to Amazon wouldn’t have represented a diversion of resources from other potential uses. It consisted entirely of contingent future payments: the part that would be kicked back to Amazon from the taxes it would pay, the balance of which could be used to support infrastructure or services. No Amazon, no $3 billion paid out (and no $24 billion of net taxes received by the city and state). Ocasio-Cortez either (a) completely misunderstood the deal she was criticizing or (b) overlooked the facts in favor of rhetoric calculated to play on resentment and scare up votes. Which explanation would you consider preferable? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062550) |
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Date: April 9th, 2019 1:18 PM Author: shivering contagious alpha voyeur Libs? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062576) |
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Date: April 9th, 2019 1:20 PM Author: Autistic church building coffee pot A lot of readers enjoyed the story in my January memo about the ten men who drank beer in a bar every night, with each paying according to his ability. (It was included as an appendix. Nancy missed it the first time through; I hope you didn’t.) When the grateful bar owner took 20% off their collective tab, the ten disagreed over how the reduction should be divided up, since most of it appeared likely to go to the richest man (who’d been paying most of the bill). In their anger, the other nine men beat up the tenth. He didn’t come back after that, leaving the nine unable to afford their daily beer. They sure showed him! (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062593) |
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Date: April 9th, 2019 2:59 PM Author: razzle-dazzle center useless brakes And then an endangered bald eagle landed atop the bar (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063101) |
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Date: April 9th, 2019 7:58 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38064567) |
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Date: April 9th, 2019 9:54 PM Author: apoplectic rigpig The eagle’s name? Albert Einstein. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065096) |
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Date: April 10th, 2019 7:55 AM Author: bateful home (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066564) |
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Date: April 9th, 2019 10:26 PM Author: Glittery Public Bath (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065254) |
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Date: April 10th, 2019 7:39 AM Author: stimulating space (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066548) |
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Date: April 10th, 2019 7:55 AM Author: bateful home (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066563) |
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Date: April 9th, 2019 1:20 PM Author: Motley Property Dog Poop (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062589) |
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Date: April 9th, 2019 1:22 PM Author: Mentally impaired base she's young and learning on the job but her head and heart are in the right place and she's no dummy despite Trumpmos wishing she was low IQ (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062607) |
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Date: April 9th, 2019 1:24 PM Author: spectacular disturbing generalized bond set Ok Paulie (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062622) |
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Date: April 9th, 2019 1:25 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062628) |
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Date: April 9th, 2019 1:28 PM Author: Cracking Locus ROW IQ! ROW IQ! (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062648) |
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Date: April 9th, 2019 1:38 PM Author: navy parlor lmao (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062712) |
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Date: April 9th, 2019 1:39 PM Author: Ultramarine Dopamine What evidence is there that AOC is smart? She is a good self-promoter and has pretty good political skills, but if we are talking about raw IQ, she is average. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062718) |
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Date: April 9th, 2019 1:42 PM Author: smoky angry meetinghouse She's got a good 4 inches on you, so there's that. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062736) |
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Date: April 9th, 2019 2:34 PM Author: Tantric medicated area striped hyena That's right. She traded away thousand of jobs in her district based on her "woke" misunderstanding of a laughably simple concept, but her head and heart are in the right place. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063012) |
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Date: April 9th, 2019 3:00 PM Author: razzle-dazzle center useless brakes yea cuz NYC needs more crowding and UMC transplants filling up already scarce apartments. as if anyone already in the area was going to take those jobs (without leaving another nearby job which would then be filled by an UMC transplant). (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063113) |
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Date: April 9th, 2019 3:33 PM Author: Cracking Locus yep, NYC doesn't need any more rent paying employed people living in apartment space normally taken up by welfare leeches. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063311) |
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Date: April 10th, 2019 7:23 AM Author: bateful home Libs waving illegals in with one hand and then complaining about overcrowding and overuse of public resources. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066535) |
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Date: April 9th, 2019 5:01 PM Author: charismatic pearl crackhouse twinkling uncleanness Paulie, she wouldn't give you the time of day. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063801) |
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Date: April 9th, 2019 8:18 PM Author: twinkling ape den Stfu Pauline (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38064647) |
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Date: April 9th, 2019 10:27 PM Author: Glittery Public Bath lol (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065259) |
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Date: April 9th, 2019 1:25 PM Author: cruel-hearted 180 azn Yea corporate tax giveaways are clearly socially optimal generally (retard) (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062630) |
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Date: April 9th, 2019 1:30 PM Author: Autistic church building coffee pot Right. We could use the money to fix the subway! (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062660) |
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Date: April 9th, 2019 1:33 PM Author: cruel-hearted 180 azn the point is that cities shouldn't be competing to put together low tax packages because yes indeed, cities need to pay for subways among other things, you fucking idiot. new york "lost out" but it's basically a classic prisoner's dilemma where it's best if no one bids. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062675) |
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Date: April 9th, 2019 1:36 PM Author: Chocolate razzmatazz piazza Lots and lots of cities completely disagree with your opinion of what’s in their best interest. Seems like they’re in a better position to make that decision. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062698) |
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Date: April 9th, 2019 1:38 PM Author: cruel-hearted 180 azn you know what a prisoner's dilemma is, right? if aoc and bernie say "cities don't play that sucker's game because it's collectively self-defeating in the long run," that doesn't make them stupid. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062707) |
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Date: April 9th, 2019 1:45 PM Author: Chocolate razzmatazz piazza But does it mean the cities are stupid for determining that bidding against other cities is nonetheless in their best interest? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062751) |
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Date: April 9th, 2019 1:59 PM Author: cruel-hearted 180 azn making the case that doing so is actually contrary to the short-term self-interest of an individual city is difficult. i don't know how many actually try. what i hear more generally is that we shouldn't be in the business of trying to bribe companies with tax breaks (again, because it's collectively self-defeating in the long term) (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062843) |
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Date: April 9th, 2019 2:07 PM Author: Chocolate razzmatazz piazza I get that and I don’t disagree. But the argument that we shouldn’t bid seems like blinking away reality. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062881) |
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Date: April 9th, 2019 2:05 PM Author: High-end house-broken tanning salon You are 100% correct. Unless there is an enforceable, all encompassing agreement between the cities to not-compete, yes, it absolutely is stupid to not play the game. Believing otherwise is the height of 110 iq Reddit stupidity. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062875) |
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Date: April 9th, 2019 2:13 PM Author: olive really tough guy locale (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062910) |
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Date: April 9th, 2019 1:35 PM Author: fiercely-loyal queen of the night Maybe that's a good investment, or maybe it's not. The article doesn't give us a framework to evaluate your question. It's the same old right-wing boomer pablum that equates any questioning of our system and demands for reform as support for the Mao or the USSR. It's silly. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062688) |
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Date: April 9th, 2019 1:38 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062711) |
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Date: April 9th, 2019 1:44 PM Author: Chocolate razzmatazz piazza It does though. Amazon was never going to contribute money to the fix the subways fund. The question is whether the benefits of having Amazon in town outweigh what NY had to give up in tax revenue from Amazon to get the company to move there. The subways thing is totally unrelated. If AOC said “this is a shit deal” that would be intellectually honest. By saying “we could use this money on subways” she shows that she doesn’t understand the deal at all or is willing to make up fake arguments to quash it. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062746) |
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Date: April 9th, 2019 1:56 PM Author: Stubborn awkward mood I agree with this cheesy boomer about Amazon but virtually nothing else in his dumb memo
He did himself a disservice by dressing up the pro-Amazon argument with retarded shit about how a janitor should aspire to drive a Rolls Royce someday instead of fighting against cuts to the estate tax |
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Date: April 9th, 2019 2:00 PM Author: cruel-hearted 180 azn he is ultimately politically retarded. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062850) |
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Date: April 9th, 2019 2:08 PM Author: Chocolate razzmatazz piazza I really like Marks memos, but maybe I’m turning into a cheesey boomer.
I agree that dismissing any social program as communist USSR is flimsy and hurts his overall arguments. |
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Date: April 9th, 2019 2:02 PM Author: fiercely-loyal queen of the night I'm not defending AOC. I actually favored the Amazon NYC project. My problem with this article is that it takes shots at AOC's statements on Amazon and on Mao China and declares that our system is great and not in need of reform. It's a dumb broadside. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062867) |
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Date: April 9th, 2019 2:04 PM Author: cruel-hearted 180 azn it's not even a particularly good or effective critique of aoc. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062872) |
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Date: April 9th, 2019 1:30 PM Author: thirsty elastic band hominid She seems to have recognized her natural aptitudes for handling the currency of rhetoric. Rhetoric need not be logical, or even intelligible, to be effective, because it involves ethos which opens the door to personality cult, and since AOC is highly phuckable, she has chosen to play a game in which she naturally has the leg up, no pun intended. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062659) |
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Date: April 9th, 2019 1:30 PM Author: fiercely-loyal queen of the night Reads like tea-party literature circa 2012. Mao's China and pea-brain AOC. Some mighty big targets she felled! (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062664) |
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Date: April 9th, 2019 1:31 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062671) |
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Date: April 9th, 2019 1:42 PM Author: appetizing chapel therapy Meatpuppets running in circles (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062734) |
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Date: April 9th, 2019 3:36 PM Author: Cracking Locus oh look it's the guy who talks out of his ass all the time (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063328) |
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Date: April 9th, 2019 10:25 PM Author: self-centered national security agency hall (broken clock) (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065246) |
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Date: April 9th, 2019 1:33 PM Author: appetizing chapel therapy Trumpcucks STILL don't understand that the oligarchs are the ackshual problem. Retarded puppet politicians (ie all politicians) are there to enforce their agendas and catch flak. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062676) |
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Date: April 9th, 2019 1:42 PM Author: Talking Forum Hissy Fit LJL at how low this boart has fallen when it points to some billionaire's 5th-grade reading level screed about how capitalism = good; socialism = bad as "great analysis". (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062737) |
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Date: April 9th, 2019 2:00 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062855) |
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Date: April 9th, 2019 2:10 PM Author: Cobalt wonderful plaza uh excuse me point to one just ONE country that has been successful with socialist policies. i'll wait. just ONE (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062894) |
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Date: April 9th, 2019 2:20 PM Author: cruel-hearted 180 azn how many countries have been successful with swedish style social democracy? a few. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062932) |
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Date: April 9th, 2019 2:30 PM Author: Cobalt wonderful plaza nice try commie (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062983) |
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Date: April 9th, 2019 3:35 PM Author: Cracking Locus nope (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063323) |
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Date: April 9th, 2019 4:46 PM Author: Purple kitty cat What are your metrics for success?
GDP growth? Or various measures of quality of life across all classes of society?
If the latter, plenty of socialist countries have been successful. |
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Date: April 9th, 2019 4:47 PM Author: vigorous lodge he is mocking dumb shitcons (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063740) |
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Date: April 9th, 2019 4:57 PM Author: Purple kitty cat I'm so used to dumb shitcons and Trumpmos on this board that I took it seriously. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063780) |
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Date: April 9th, 2019 7:59 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38064568) |
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Date: April 9th, 2019 4:57 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063781) |
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Date: April 9th, 2019 2:33 PM Author: domesticated coldplay fan imagine actually attempting to seriously engage with AOC's stated "ideas" and not just treating her as an accelerationist clown world cartoon character and chaturbate whore sex object (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38062997) |
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Date: April 9th, 2019 11:03 PM Author: rusted multi-colored temple nibblets (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065451) |
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Date: April 9th, 2019 3:03 PM Author: khaki exciting native If Amazon wanted or needed a NYC HQ they’d have one. The HQ was never anything more than a trophy for media and Wall Street to oooo and ahhh over. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063129) |
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Date: April 9th, 2019 4:22 PM Author: geriatric free-loading tattoo Say there is a Russian billionaire who wants to live in the United States. He says he will move, but won't unless his income will only be taxed at 10%. Is it so simple as to say that the U.S. should let him in and receive $10mm in tax revenues vs 0, or might this be more complicated than the fwd:fwd:fwd: is making it out to be? (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063598) |
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Date: April 9th, 2019 4:30 PM Author: Chocolate razzmatazz piazza Wouldn’t the appropriate response to this be “we don’t need this guy in our country and even though we’ll miss out on the taxes he’d pay, we’ll be better off without him” instead of falsely arguing that if we deny him admission we could spend his full tax payment that he won’t be making on things the audience likes. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38063656) |
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Date: April 9th, 2019 4:53 PM Author: geriatric free-loading tattoo Yeah don't get me wrong, AOC is an idiot and has shown several times she doesn't understand basic things. But I also think its disingenuous when people say "the government wasn't giving Amazon anything it was just tax breaks and now they'll getting no taxes."
The government was giving Amazon special privileges not granted to other businesses. If this was to get Amazon to move to West Virginia - maybe you make that gift and roll the dice. But I think people in NYC were right to be mad because LIC certainly did not need Amazon and its easy to make the case that most of the people who live in LIC would end up worse off. |
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Date: April 9th, 2019 5:09 PM Author: Autistic church building coffee pot I was definitely shocked that NYC made a competitive bid and that Amazon accepted it for the reasons in your post. I definitely thought it would make more sense for both sides in a state with low cost of living, sufficient infrastructure to accommodate a big company, and available inexpensive middle income housing to accommodate an influx of people. Somewhere that was big before, but with a dwindling population made sense to me. Maybe Detroit (though I don’t know Detroit well enough to be sure).
It seems like people are arguing with my post because they think Amazon was a shitty deal. But that’s not inconsistent with my post and I wouldn’t gripe with that. I just thought the analysis of AOC’s arguments was spot on. |
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Date: April 9th, 2019 7:53 PM Author: titillating brunch haunted graveyard She's the liberal version of Trump. An idiot, but not wrong. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38064544) |
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Date: April 9th, 2019 9:37 PM Author: big sneaky criminal church This is a horrible point and I've heard it everywhere from talk radio to legit proles on Facebook. Its laughable thats she pretends like this screed is unique or insightful. Yes, you can use economic sorcery to justify accounting tricks. Did Ray Dailo beat her to that point to?
AOC knows full-well that HQ2 would probably be a benefit for NY's balance sheet. But fuck Amazon. What has Amazon done to deserve this, as opposed to, literally any other fucking business that wants to move to NYC? How many residents from Queens work at Amazon? What about the bodegas in Brooklyn, how are they doing from Amazon? Is unemployment in NYC even a problem--and if it is, are we sure more ancillary Seamless, SweetGreen, and Uber jobs are going to help? What about all the millennial residents who have been waiting, and waiting to buy a house? Who would benefit from rising real estate prices in NYC? Not you or me.
So fuck Amazon. Here's an idea: If we really need the extra tax juice in the state coffers, maybe we shouldn't have let Amazon get away scott-free on sales tax for a decade. And if they really want to come here, they can rebuild the L and F lines themselves.
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Date: April 9th, 2019 10:08 PM Author: cruel-hearted 180 azn (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065170) |
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Date: April 9th, 2019 11:00 PM Author: Lime Filthpig AOC's argument was different though. Something about spending non-existent $3 billion on teachers (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38065431) |
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Date: April 10th, 2019 7:36 AM Author: arousing harsh site Cr. We should pass a constitutional amendment that outlaws this shit with forced liquidation of any corp that engages in chrony capitalism. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066544) |
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Date: April 10th, 2019 7:40 AM Author: stimulating space As usual, she's right about everything. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066549) |
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Date: April 10th, 2019 7:41 AM Author: cocky candlestick maker stage The real problem with freebies to Amazon is you are picking a winner. A bazillion bros had the same idea as Jeff Bezos -- selling shit on the internet. There was nothing genius or unique about Amazon. Once upon a time in 1996 there were a million online retailers. Bezos had the finance connection from DE Shaw and his rich as fuck family to obliterate all his competition and now he stands alone on top of the hill, but that doesnt mean that giving him a billion dollar tax credit that no other business in NYC is getting isnt picking winners. ARE society is based on fairness and shit. Small businesses should not be assfucked to help Amazon. (http://www.autoadmit.com/thread.php?thread_id=4238104&forum_id=2#38066551) |