On Thursday, Amazon scrapped plans to build a regional headquarters in Queens, N.Y, Jack Hough writes in this week’s edition of Barron’s. In polls, most New Yorkers said they wanted the company and its 25,000 promised jobs, but protesters objected over tax concessions, rising rents, crowded schools, and more, and Amazon decided that local politics were stacked against it, the author notes. Amazon spent its first two decades seemingly disinterested in profits, but it can’t avoid them now, and New York’s protestors should have more carefully considered the math, Barron’s adds, pointing out that New York’s governor commissioned a study that found that the tax subsidies would be returned ninefold over 25 years in state and city tax revenues from Amazon and its new army of workers.
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