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Jeff Bezos having $100bn is no more political than me having $20. Where you draw the line is completely arbitrary. Bezos didn't acquire his fortune by stealin
by rukittenme 9y ago
Jeff Bezos having $100bn is no more political than me having $20. Where you draw the line is completely arbitrary. Bezos didn't acquire his fortune by stealing from people. He made it by providing goods at a lower cost than his competitors. Which means everyone that helped make Bezos wealthy are wealthier as a result of that interaction.
- cityzen 9y agoI do not know how reliable this is but it looks legit. If it is true, Amazon spending almost $10 million on lobbying and is the 15th highest spender when it comes to spending. Top issue? Taxes. How is Bezos so f’ing rich? Amazon doesn’t pay any real taxes, prob less than 1%. I’m sorry but your $20 is not the same as his $100 billion http://www.opensecrets.org/lobby/clientsum.php?id=D000023883 http://www.opensecrets.org/lobby/clientsum.php?id=D000023883
- rukittenme 9y agoYou got me there. I hate the income tax and the morons who write the tax code. We're in good company on that front... https://twitter.com/realDonaldTrump/status/897763049226084352?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fwww.foxbusiness.com%2Fmarkets%2F2017%2F09%2F19%2Fwhy-amazons-tax-bill-is-puny-compared-to-rivals.html https://twitter.com/realDonaldTrump/status/89776304922608435...
- edanm 9y agoWhile you may be completely right about Amazon and tax lobbying, this is only a part of the story of how he's so rich. Parent comment was right in the way that matters, IMO: Jeff Bezos being rich is mostly not at the expense of anyone else, quite the opposite - it's as a result of the value he's created. Even if he's paid less in taxes than he "should have", those taxes would've been 0 if he hadn't created the value and therefore wealth that he's created.