Amazon facing attacks on multiple fronts from Congress

It took a lot of hard work, a lot of luck, and some help from the government for Amazon

to become the technological marvel it has morphed into over the past two and a half decades.

Help from the government is probably the least discussed aspect of Silicone Valley's ascension since the start of the new millennium.

But Tesla  (TSLA) - Get Tesla Inc Report, Amazon and other success stories from the Bay Area owe a lot of their gains

to the boosterism of state governments as well as the federal government.

Amazon has received at least $4.28 billion in direct subsidies from state governments where it operates.

That number pales in comparison to the money the company saves in tax payments.

Amazon is worth more than double that amount currently and could soon be worth significantly more than that.


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