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      Construction is underway at Amazon's second headquarters in Arlington, Virginia on June 10, 2019.

      'We Were Right,' Says AOC as Amazon Suspends HQ2 Construction in Virginia

      The Democrat said those who opposed the company's project in Queens protected New Yorkers "from a scam deal to drain public dollars from schools and infrastructure in exchange for empty promises" of jobs.

      Jessica Corbett
      Mar 03, 2023

      After Amazon on Friday confirmed plans to pause construction on its second headquarters near Washington, D.C., Congresswoman Alexandria Ocasio-Cortez expressed vindication over her 2018 opposition to the tech giant's initial plan to build part of HQ2 in New York City.

      Following political leaders across the country engaging in what critics called "corporate bribery," offering Amazon tax breaks and other incentives to build in their communities, the company chose to split the project between Arlington, Virginia, and the Long Island City neighborhood of Queens. However, Amazon halted plans for the NYC campus in response to local backlash.

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      Amazon.com
      Jeff Bezos and Lauren Sanchez are seen leaving the White House Tavern on December 29, 2022 in Aspen, Colorado.

      So You Wanna Reduce the Debt? Tax the Wealthy Like We Used To

      Here's what most people don't know: The wealthy used to pay higher taxes to the government. Now the government pays the wealthy interest on their loans to finance a swelling debt that’s been caused largely by lower taxes on the wealthy.

      Robert Reich
      Jan 31, 2023

      The dire warnings of fiscal hawks are once again darkening the skies of official Washington, demanding that the $31 trillion federal debt be reduced and government spending curtailed (thereby giving cover to Republican efforts to hold America hostage by refusing to raise the debt ceiling).

      It’s always the same when Republicans take over a chamber of Congress or the presidency. Horrors! The debt is out of control! Federal spending must be cut!

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      Opinion
      tax the rich
      White Porsche 911 parked in front of Versace retail store

      2022 Was a Bad Year for Billionaires—But Not Nearly Bad Enough

      No one alive today needs fortunes worth dozens of billions to live astoundingly large. Here's to a world without billionaires.

      Sam Pizzigati
      Jan 22, 2023

      Sometimes the daily news about our billionaires just doesn’t seem to make any sense.

      Last year, for instance, ended with a torrent of news stories about how poorly the world’s billionaires fared in 2022. Bloombergtagged the 12 months that had just gone past “a year to forget,” with almost $1.5 trillion “wiped from the fortunes of the richest 500 alone.”

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      Opinion
      billionaires
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