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Call an Amazon Truce, Top Economists Tell Cities Vying for HQ2

  • Giveaways in the billions could prove wasteful, they say
  • Florida, Moretti, Sachs, Furman, Glaeser and Krueger all sign
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These Cities Won't Be Home to Amazon's HQ2

Some of America’s top economists are none too pleased with the tax benefits and other perks Amazon.com Inc. stands to reap as cities bid for its second headquarters, dubbed HQ2.

That’s clear from the list of names under a Change.org petition urging cities to band together and agree to stop offering the company massive incentives. Signatories include Harvard University’s Edward Glaeser and Robert Putnam, University of Toronto’s Richard Florida, University of California at Berkeley’s Enrico Moretti, Columbia University’s Jeff Sachs, Princeton University’s Alan Krueger and former White House Council of Economic Advisers chair Jason Furman.