Verge: Jeff Bezos bought the most expensive property in LA with an eighth of a percent of his net worth

M-M

Member
Oct 27, 2017
140
It makes me really sad that I probably won't live to see his fortune forcefully taken and redistributed to help those currently living in poverty.
 

Thrill_house

Banned
Oct 27, 2017
6,211
User banned (duration pending): advocating violence
We need to start killing these men and taking their wealth. I'll take a ban for it but it fucking needs to be said.

I drove by a local church over the weekend and poor folk were huddled up for warmth just trying to survive under an awning out front and this man can blow cash on a extravagance unlike anything ever seen. How are people ok with this?
 
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Wulfric

Member
Oct 25, 2017
4,382
that's messed up

That house should be a public gardens and event center for the city
 

minus_me

Member
Oct 27, 2017
611
I’ll never understand how someone with that much wealth wouldn’t want to be remembered as one of the world’s greatest heroes for all time. He could solve student debt, fund public schools, aid Flint’s water crisis, etc etc w/o breaking a sweat.
That's what their philanthropy is for. It obviously doesn't do all that much in the end.

It did do wonders for Alfred Nobel though.
 

Z-Beat

Member
Oct 25, 2017
19,120
That's cartoonish in its decadence

As for those of you who say you'd never do something like this, the "Post Your Gaming Setup" threads make me doubt your resolve
 

phonicjoy

Member
Jun 19, 2018
2,411
As a future billionaire myself, I have to protect the billionaire class here and make one small revision.

article byline is: "If you make $60,000 a year, that’s like spending $75 on a house"

Jeff Bezos does not make $131b (his net worth) in a year. It's kind of tough to calculate what he actually makes in a year because his net worth is all based on his ownership stake in his company, Amazon which is valuable partly because of his ownership stake in it. I'd imagine he doesn't take much regular pay from Amazon, and lives off of dividends, right? As a future billionaire I have to figure out how the payment model works.
Hes ridiculously and unjustifiably rich, but yeah the headline is wrong.
 

Guddha

Member
Sep 5, 2019
212
We need to start killing these men and taking their wealth. I'll take a ban for it but it fucking needs to be said.
The impending climate men like this have engineered have all but guaranteed that this will happen. It won't surprise me if the billionaires who've bought large tracts in New Zealand and other "safe" places eventually get dragged out and executed by the locals once things go to shit.
 
Oct 25, 2017
3,299
As a future billionaire myself, I have to protect the billionaire class here and make one small revision.

article byline is: "If you make $60,000 a year, that’s like spending $75 on a house"

Jeff Bezos does not make $131b (his net worth) in a year. It's kind of tough to calculate what he actually makes in a year because his net worth is all based on his ownership stake in his company, Amazon which is valuable partly because of his ownership stake in it. I'd imagine he doesn't take much regular pay from Amazon, and lives off of dividends, right? As a future billionaire I have to figure out how the payment model works.

There's not enough written about Jeff Bezos' crazy eye.





He definitely works harder than me. I spent a non trivial amount of time today arguing about the character motivations of John Marston in a 10 year old videogame.
Bezos is paid about $80k in base salary. The rest is in stock vestments.
 

Jiraiya

Member
Oct 27, 2017
4,473
Isn't the tax breaks companies like Apple and Amazon get worse than bezos being rich because his company is so successful.

I mean...apple has more actual cash just sitting overseas than bezos has from his ownership in Amazon.
 

Eeyore

Member
Dec 13, 2019
1,419
Isn't the tax breaks companies like Apple and Amazon get worse than bezos being rich because his company is so successful.

I mean...apple has more actual cash just sitting overseas than bezos has from his ownership in Amazon.
Apple sucks but I'm not sure why that gives Bezos a pass.
 

low-G

Member
Oct 25, 2017
6,900
We need to start killing these men and taking their wealth. I'll take a ban for it but it fucking needs to be said.

I drove by a local church over the weekend and poor folk were huddled up for warmth just trying to survive under an awning out front and this man can blow cash on a extravagance unlike anything ever seen. How are people ok with this?
Wouldn't be the first time such a thing was done.
 

Violence Jack

Member
Oct 25, 2017
11,951
With all that money he could've bought up a bunch of areas to set up as homeless shelters with doctors, job placement specialists, hired people to help run the places, along with free room & board and it still would've barely been 1% of his income. This is just greed for the sake of greed.

Getting Gordon Gekko flashbacks all of a sudden.
 

Eeyore

Member
Dec 13, 2019
1,419
Most of the time the business is wealthier than the person. It's not a pass...it's a realization that actually taxing businesses will do more than killing bezos.
I'm not sure why both options are equally weighted but I do feel we can do both (tax individuals and corporations). Hell Eisenhower taxed rich individuals high after WW2.
 

PopsMaellard

The Fallen
Oct 27, 2017
2,022
Isn't the tax breaks companies like Apple and Amazon get worse than bezos being rich because his company is so successful.

I mean...apple has more actual cash just sitting overseas than bezos has from his ownership in Amazon.
While also disgusting, an entire corporation sitting on piles of cash is a bit (and I emphasize a bit) less disturbing than a singular person controlling so much wealth.
 

Wok

Avenger
Oct 26, 2017
2,808
France
Imagine having to take care of the property. How many people do you need to employ to keep the garden in its current state?
 

Molecule

Member
Nov 2, 2017
875
Honest question: why is Amazon not paying certain taxes always pointed out? The ones at fault is the politicians making the laws that allows Amazon to do this in the first place? Obviously there's lobbying so they are both to blame and now I feel dumb even asking.
 

MiHighGator

Member
Nov 8, 2018
581
I'd magine he doesn't take much regular pay from Amazon, and lives off of dividends, right? As a future billionaire I have to figure out how the payment model works.
Amazon stock itself doesn't pay a dividend, but he undoubtedly generates millions of dollars every calendar quarter from other dividend and interest-generating holdings. He's also virtually always liquidating his Amazon shares. You can find how much and when in publicly filled documents with the SEC. For example, this was what he did just this past week:
On Tuesday, filings with the Securities and Exchange Commission disclosed that the Amazon founder and CEO had sold 905,456 shares on Friday and Monday for a total of $1.84 billion. According to new SEC filings Thursday, Bezos sold an additional 810,912 shares Tuesday and Wednesday for around $1.65 billion. That brings his nearly weeklong total to more than 1.7 million shares sold for about $3.49 billion.
 
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Oct 27, 2017
3,436
Rich people of the world: solve some fucking problems instead of making more of them.

You can do that, you know. You have the means...
 

Nothing Loud

Member
Oct 25, 2017
3,970
I’m sorry but eat the fucking rich. This is insane. No human should be this wealthy when there are so many homeless people in America. He’s just doing this to get richer, he’s not going to ever live at all the properties he owns for a reasonable amount of time. Tax him at 99.9 goddam % and call it a day. Fix most of America’s socioeconomic problems over night by taxing people like him.
 

Eeyore

Member
Dec 13, 2019
1,419
Honest question: why is Amazon not paying certain taxes always pointed out? The ones at fault is the politicians making the laws that allows Amazon to do this in the first place? Obviously there's lobbying so they are both to blame and now I feel dumb even asking.
Because while the politicians are useless, Amazon is the one taking advantage of it. Amazon is consistently doing things to get out of paying taxes while also taking advantage of providing service in these countries. You're using Trumpian language to defend this. Is that your intention?
 

Jiraiya

Member
Oct 27, 2017
4,473
I'm not sure why both options are equally weighted but I do feel we can do both (tax individuals and corporations). Hell Eisenhower taxed rich individuals high after WW2.
Because of the vitriol towards bezos in this thread when the article also states how much his company saved in taxes on their profits.

While also disgusting, an entire corporation sitting on piles of cash is a bit (and I emphasize a bit) less disturbing than a singular person controlling so much wealth.
Bezos wealth fluctuates with his company. 200 billion in cash is 200 BILLION dollars cash just sitting overseas not getting taxed at all.

I believe that amount of cash would do better than bezos owning stock.
 

Arcade55

Member
Oct 27, 2017
2,672
If I had that money, I would be building $200k-$300k homes for many without a roof.
Would you then pay the taxes and upkeep expenses on those 300k houses for all those people who didn't have the means to support themselves before but would somehow magically have their life fixed now?

Charity is a great thing, but statements like this aren't based in reality.
 

Garlador

Member
Oct 30, 2017
8,847
And to think, I saw a house the other day my wife and I determined it's so far out of our price range that I should consider getting a new job to hopefully one day afford it after lots of saving and good luck. She then chided me for my $11 Amazon purchase of a Dragon Ball Z figure.

Eh, must be nice to be rich.
 

Eeyore

Member
Dec 13, 2019
1,419
Because of the vitriol towards bezos in this thread when the article also states how much his company saved in taxes on their profits.
Bezos is Amazon essentially. His wealth is related to Amazon. The company taking advantage of loopholes and Bezos doing so with his personal wealth is a distinction that I don't feel is meritous. Sure people are vitriolic towards him in this thread but check out a thread about Amazon's taxes and you'll see similar language around the company. It's just how the OP and article are stated.