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Headline is completely inaccurate. This piece says nothing about "accounting". All it seems to say is that Bezos is rich due to capital gains and then claims (
by massysett 10y ago
Headline is completely inaccurate. This piece says nothing about "accounting". All it seems to say is that Bezos is rich due to capital gains and then claims (with absolutely no evidence) that Bezos' motivation is reducing his taxes and, therefore, he is doing something (piece does not say what) to transform taxable profit to untaxable capital gains.
Piece also seems to equate being a big business with having a big market cap, which makes no sense as plenty of big corps with big revenues have small market caps.
- econwoman 10y agoThis is all about accounting tricks. The evidence is that they don't record any NET INCOME - are you blind or you just don't get it? Check out the chart. Don't mean to be rude but your claim about accounting makes no sense.
- candiodari 10y agoYou're right, but these are the incentives created by the system. It would be really hard to change this. What you call net income isn't. It's a fictional valuation metric for current possessions. It's like when you own a house, and the house goes up in value. Should that value increase be counted as income ? Because it would force a lot of people to sell and certainly wouldn't be a good thing for middle America.