“From Alexandria Ocasio-Cortez to Donald J. Trump, our political class is profoundly ignorant of basic economics”

THE AMERICAN INTEREST
A Failure of Pedagogy
by Irwin Stelzer
February 21, 2019

…We have Alexandria Ocasio-Cortez announcing her pleasure at defeating “Amazon’s corporate greed”…The congresswoman is delighted that she and her progressive colleagues will now have $3 billion to spend on infrastructure. Where is this $3 billion? The bulk of it is the portion of the $27.5 billion in state and local revenue that Amazon would have generated over 25 years by creating 25,000 jobs over the next decade, with an average salary of $150,000 per year. No Amazon, no jobs, no $27.5 billion in taxes, no $3 billion rebate for Amazon, or for AOC. One bad mark for the Boston University economics department, unless AOC never darkened the classroom doors of its able professors to avail herself of this basic math. READ MORE

This entry was posted in Politics and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.