Even if you reduce it to upper-middle/upper class (suddenly we're away from 'anyone else'), most peoples parents don't have $250,000 kicking around to give them for a start up in 1995. Median net household worth isn't that high.
Jeff Bezos "needs to spend roughly $28 million a day just to keep from accumulating more wealth"
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Even if you reduce it to upper-middle/upper class (suddenly we're away from 'anyone else'), most peoples parents don't have $250,000 kicking around to give them for a start up in 1995. Median net household worth isn't that high.
Even if he doesn't want to give much to charities, research, startups to help the future, etc, the least he could do is make Amazon a more desirable place to work for lower level employees. How about longer than 6 minute timed restroom breaks and a higher salary? Has 28 million to burn everyday.
Not everyone has a family or safety net of some kind to rely on and quitting would mean they or their child can't eat or they lose the shitty apartment they can afford.
Fuck outta here.
True. It's just crazy to think of Amazon selling everything and it mostly being all automated. Damn crazy, man....
I agree he should do more but the fact he might only have $3bn in accessible liquid assets rather than $150bn in cash does matter, relatively. But yeah he, with Amazon, should do more for their employees.
A bloody proletariat revolution isn't going to happen.
Making $28m per day is in reference to Amazon share prices, not how much actual cash he is earning per day.
I kinda say "doubt" here. Surely he put in work but you can never work hard enough for 150 billion, cash or stock.
Surely, once he can cut workers he doesn't have to fear anything anymore and can make more money will everybody else starves to death.
The article mentions that his salary is extra low to avoid taxes... .
I doubt Amazon can die outside of a government crushing it. Once companies are of a certain size it is difficult for them to die as long as there is no idiot involved.
A few posters in this thread make this argument. "Bootstraps" /s
Some posters believe it should be that way, they will probably worship the company even more once no human works there anymore and Bezos sits on his golden throne at the top while the black number races higher by the second.
Oh please... . Once you cross a certain threshold it is difficult to fail.
Your worship is disgusting, how can a human be that blind.
Doubt that how it works or should work. But I am not expecting much from your posts going by the things you said in this thread.
Most don't have the change or the opportunity to do that. Basic Income could make that possible but then Amazon would loose workers, which they don't want just yet. ;)
How you can be so naive and blind is something I don't understand.
I disagree but I doubt we could have a good discussion here. You are saying he deserves all the wealth despite using a modern slave/serfdom system to actually get anything done. If all workers would stop tomorrow then Amazon would collapse no matter how hard Bezos would work.
Naive, Naive to the maximum.
You casually calling everybody outside Bezos lazy, wow... .
He won't ever give anything back, he will hoard it more and more as the quotes in the article say.
Also, he doesn't deserve this amount of wealth. No amount of work is worth that much money, no character/personality is worth that much money.
You will probably kiss and worship the ground of Bezos when he replaces his workforce and can save more money while sucking more money out of everybody. Because that is the only thing I can read in all your posts, naivety, blindness and probably someone really young.
Going by the posters in this thread they are just cogs or meat slaps in a machine to funnel wealth to God-King Bezos so he can hoard more money. Disposable tools and nothing more... .
Honestly, I quoted a lot but I am so tired and simply fed up to try to make legitimate points against people that are blind, naive and possibly childish. Some seem to not understand that wealthy people should be held to higher standards due to their wealth.
The year is 2043, an amazon drone just dropped off my weekly ration behind my prison tent in the Sahara desert where I dig up raw material to be used in the construction of digger drones that will soon replace me.
I know, but I doubt he has 0 dollars in cash, would make little sense for him being such a genius as people say in this thread. But I guess he probably knows or gets warnings to sell off everything in case Amazon does fail, like some nice under the table information.
He is the CEO of Amazon, he could invest the money he makes into different things. But he chooses not to but rather keeps it, let it sit or uses it on things that aren't beneficial to others.
You seem to underestimate people. You don't need much as we have seen with Trump for people to rally behind someone with Charisma.
In any case, eventually the matter has to be addressed or society will crumble. If only Amazon is left then something has to happen from either side.
No one has said he has 0 dollars in cash.
What under the table information could he possibly have? If he knows Amazon is suddenly about to crash before the public and sells all his shares then that is illegal insider trading.
He has made many investments into different things. His investments are very diversified. In terms of charitable donations he's gave over $100m to a single cancer research organization iirc, like $30m to an immigrant scholarship fund, as well as other charities and has indicated he's going to lean into strategical philanthropic endeavors more after this summer. The $150bn figure makes it seem like he's sitting on it because something like $120bn of that is shares, that then leaves like $30bn of his worth for all his other companies/investments/personal wealth.
But again I'll say I agree with your general idea that yes he should be do far more philanthropically. He's one of the very few uber billionaires that isn't in The Pledge.
The closest the US got to in modern times was the Occupy movement, and if you want to mention Trump if there hasn't been a revolution against him there won't be one against 'rich people'. I don't think society is about to crumble but there is rampant inequality that needs to be addressed.
In any case we agree in the overarching sense of things. Inequality is a problem, Government needs to intervene, rich people need to be more accountable and philanthropic.
Don't want the secret out that they season their beef with salt and ketchup and nothing else.
Yeah you clearly never got the nuance in my argument. Thanks for joining the discussion.
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Why are some of you mad at Bezos for having all that wealth? He's a smart guy, tooks risks, risks paid off, now filthy rich. He deserved it for playing the game very well.
People only start hating people once they get rich. Then it becomes lots of whining like "he doesn't deserve that!" "What can you even do with that money?" Bezos probably has absolutely no concern of "inequality". It doesn't even cross his mind. People like him just aren't wired like that
People only start hating people once they get rich. Then it becomes lots of whining like "he doesn't deserve that!" "What can you even do with that money?" Bezos probably has absolutely no concern of "inequality". It doesn't even cross his mind. People like him just aren't wired like that
I think its mostly to do with the fact that he built that wealth on fucking people over like his workers. Horrible working conditions, he gets all the wealth, they get pennies.
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People that rich definitely are aware of profits and what his employees are / are not getting. He's also no doubt aware of things like political contributions as thus knows he has the ability to donate money to other possibly more philanthropic causes.
Because to get that wealth he had to exploit hundreds of thousands of people's labour by giving them awful pay and terrible working conditions. All while paying virtually nothing in taxes and lobbying governments around the world to worsen conditions for people so he can continue to make money he can't use fast enough.
There are probably some people that don't like him because he is rich, but really I don't see a lot of people saying these kinds of things about Bill Gates because he is also philanthropic while being rich. Meanwhile, there isn't a day that goes by without hearing how terrible Amazon working conditions are for people.
I doubt treatment of its workers, good or ill, had anything to do with Amazon's success. Amazon succeeded because it had a good business model and continually innovated.
There's a storm coming, Mr. Bezos. You and your friends better battendown the hatches, because when it hits, you're all gonna wonder how you ever thought you could live so large and leave so little for the rest of us.
People are mad at him because he made that much by paying his workers less than half a peanut. People are mad at him because while he is making that much, his workers are living in their car, pissing in bottles, and are unable to live a basic life. People are mad at him because he could have paid his workers a living wage and he would still have enough money to not work a single day in his entire life, but he doesn't.
No one is mad at him because he's rich.
Sorry for not automatically worshipping another rich man for exploiting his workers.
If you have to worship a rich man for being rich, here is one you could look at:
https://www.huffingtonpost.com/entry/dan-price-minimum-wage_us_5afd3d8ee4b06a3fb50dcf28
But you know what's better, don't worship because someone is rich. Praise them when they do things right, and criticise them when they do wrong, like one would anyone else.
Bezosbulb's coffers are filled with the life force of us, his loyal subjects. In return, he shall continue his river of goods and services from the depths and is working to expand his empire so all may share in his gifts. Some who are not yet his subjects worry for the health of his minions. He understands their concerns and says all shall be revealed once his empire has finished its needful expansion. All shall soon be under his domain.
Praise our Dark Lord and may his drones soon darken our skies.
Praise our Dark Lord and may his drones soon darken our skies.
Could Amazon be a successful business if it paid its workers more and paid tax? Potentially, yes.
Would it and Bezos be this successful? No.
Bezos would be just as rich if every worker was happy. Amazon didn't just succeed by pinching pennies.
The ludicrous stuff I'd be into would probably cost me about fifty million for the rest of my life and that includes a private island. I don't want a vehicle I don't personally drive or a house I can't navigate in the event page blackout.
Art? I prefer to travel and see it.
Cars. Sure a fancy SUV (Audi rather than Bentley) a practical sedan and maybe a Caterham 7 for effing around.
I'm already vastly better off than I was in childhood.
And I'm not a libertarian.
But that fifty million would be ludicrous luxury.
So two days of being Bezos!
Art? I prefer to travel and see it.
Cars. Sure a fancy SUV (Audi rather than Bentley) a practical sedan and maybe a Caterham 7 for effing around.
I'm already vastly better off than I was in childhood.
And I'm not a libertarian.
But that fifty million would be ludicrous luxury.
So two days of being Bezos!
No one needs 28 million dollars to live comfortably in America. How hard he may or may not have worked is beside the point.
Look if you really believe this, then why doesn't he just do that? Do you think he enjoys making people suffer or something? Is he a sadist? If the worker's happiness isn't a factor in the company's profitability, why don't they make Amazon a paradise to work at and ensure amazing PR and super productive, loyal employees?
Because in reality to make the workers happy you'd need to increase their wages and improve working conditions, both of which increase labour costs for Amazon. And if they had to do that, and actually pay tax they'd be less profitable.
You don't think paying every worker more would have an impact on Amazon's EPS and therefore sharevalue which is where the majority of his wealth is?
Amazon has around half a million employees. If everyone made just $1000 more a year it would be half a billion dollars off of profit. That would absolutely reduce amazon's stock value.
And after this life changing raise for his workers he'd still have.....150 billion dollars.
Also lmao at people who are two degrees from actually worshiping this guy...have some self-respect, smh
