Socialism Killed Amazon NYC Deal

Amazon.com Inc., the well-known, mostly online retailer that dominates the industry, recently decided against building a second partial headquarter in New York City that would have provided more than 25,000 high paying jobs.

New York was able to offer enough incentives to win the Amazon (AMZN) deal, beating out more than 20 other serious bidders.

To win, both the city and the state had to come up with incentives that were greater than the other bidding cities. The final package included more than $3 billion in incentives. A small portion of that…