I looked it up not that long ago and I'm pretty sure Amazon nets about a billion in less than a day. Not Bezos, but Amazon. And that's net, not gross.
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Idk it's pretty gross if you ask me
He could have given each of these employees a million dollars and still had 13,000,000,000 left over.
amazon has a habit of shedding 10s of thousands of employees after hiring them, for tax breaks. almost right after, usually it only targeted the "low skilled workers" now its the higher skilled people too.
He’s not worth $257 billion, that’s just what he’s been allowed to hoard.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
Financial obesity is a great term.
His tax rate isn't related to his net worth, though. He didn't get a check for $59b.
You don't pay taxes on unrealized gains from investment vehicles, which is a good thing for the average person. Imagine having to pay a (mostly) perpetually increasing income tax on your 401k every year.
What needs to happen is the loans that banks give them against their non-liquid assets should be taxed as income.
Nah, let’s tax them as realized gains, because if you are using your unrealized gains as collateral, is that not a form of realizing their value?
I don’t care TBH, whichever one costs them more.
That's basically the same as taxing the loans as income, but I'm down to double tax them.
I don't think so. Just trigger a tax event on anything used as collateral for a loan.
That doesn’t work. Houses are already taxed to hell, even unrealized gains on a house is taxed. So triple taxing when you use a house as collateral would hurt small business owners.
If only there was a way to make sure the tax isn't levied on normal people... Oh well.
The problem with taxing unrealized gains is that the value is always changing. It's not real money.
You'd have to pick a point in time to capture the stock/asset value, and the wealthy would just tank the value right before.
How about the moment they use it as collateral for personal loans they use as income?
You’d have to pick a point in time to capture the stock/asset value
You mean like the bank does when they loan the money?
The loan shouldn't be able to be disbursed without realized gains/capital behind it, and they can't tank the value without impacting their loan.
Portfolio loans need to be taxed. Absolutely. You can pay 1% interest on a loan vs ~30% on income taxes. Something will need to be done about shell corporations holding personal assets as well. His yacht isn’t in his name.
We absolutely pay taxes on unrealized gains. Property tax is the tax of unrealized gains. We do it for houses why can’t we do it for stocks? He’s getting dividend checks worth moillions every quarter.
Just tax wealth at twice the rate of inflation above 500 million dollars.
Above 2 million, maybe. Hell, make it 10 million for fun but holy shit do not let someone with 400 million pretend they aren’t disgustingly rich parasites.
The difference between someone worth 100 million and someone worth 100 billion is about 100 billion. But yeah finding a good point to set a limit is hard.
The rich don't pay taxes on unrealized gains. The poor do. You haven't realized any gains on your house by owning it, but the taxes go up every single time it is re-assessed in value.
The top 0.1% of 'earners' should be guillotined. No exceptions.
The new next top 1% have the choice to share until or be guillotined. They can still be rich, but not so disgustingly so.
This carries on until £50 million is the most anyone person/entity can hold. No offshore accounts. Shell companies etc etc etc. one account per person or company
Let's face it, if £50 million isn't enough then they deserve the guillotine.
Two accounts = guillotine.
Hide money = guillotine.
Put money in to your another person's/child's account then you have access, or use it yourself = guillotine.
Forgotten account? = guillotine.
Try to loophole it at all = guillotine.
Fuck the rich.
Edit:
Edited the percentage.
£50 million puts a person in the top 0.1% in the US. Someone with $15 million net worth is already a 1 percenter in the US and world wide probably a $1 million in net worth puts you in the 1% of the world
Yes We must take action
Luigi them all.
Batman was a superhero because he was rich. Lex Luthor was a supervillian because he was rich. Bezos made his choice and should be treated like the villian he is.
Had Batman used the money spent on his batcave and bat-gadgets into social services, the criminality in Gotham would probably have gone down more than by punching some guys in the face.
I’m all for fucking Bezos up but he’s not the CEO of Amazon anymore. Hasn’t been for a while now.
Most of his net worth is still in Amazon stocks.
Being a CEO doesn’t come into it
Nice, I finally canceled my membership with them, uninstalled the app and this post makes me feel even better. I made sure to fill out their survey after saying fuck billionaires, they don't deserve my money, and that Amazon has ruined small local business. Probably doesn't mater but every little bit helps. I just wish I had done it sooner.
Is it that hard not to buy stuff from Amazon? I don't think I ever bought anything ever from Amazon and I make all kinds of online purchases almost every week.
It is hard if you're lazy and you've conditioned yourself not to shop anywhere else. It's pretty easy if you care about the impact your purchasing habits have on the world. We all know where most people fall on that spectrum.
How do you even get a ring to cost $5M it sounds like a strategic nightmare? The most expensive gem that isn't radioactive that being the red diamond is still only ~$1M a Gram the rock would be a literal rock at that point.
Easy, set the price as $5mil. That’s literally it. The entire basis of a morally just, logical, and predictable way to set prices has been a lie for a very long time.
They are thieves, criminals, slavers and psychopaths. They will kill all of us for more power and for some fucked up reason we still let billionaires exist.
I always wonder what a modern day Robin Hood might look like in relation to people like this. How would such a person target a billionaire, and redistribute even some of that wealth to people who actually need it?
In particular, how would you do that at a billionaire's scale, in such a way that financial institutions don't or can't immediately claw it back?
Unfortunately, there are no folk heroes to save us. The fact of the matter is that we need to vote in all countries, and we need to vote not for “safe” centrists but for those who will actually push us towards more progressive policies. No “but this time is different, like the other twenty times, because of the scary right-wing!”, it’s do or die.
That’s really it. Robin Hood in this day and age is the IRS and whatever equivalents. Fund them, and give them the powers we need without fear.
That trickle feels warm...
Preface: Fuck Bezos and how he treats the workers.
Her costume ring is only $20K though