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Of course it's not normal that's why it's news, but I don't see anything wrong with this. As long as he pays his fair share of taxes and Amazon pays it's proper

• mikeyouse 6y ago
  Of course the problem lies in that the rich and powerful have an immense amount of sway in what is defined as the "fair share of taxes" they have to pay.
  • davidandgoliath 6y ago
    Edit: Nevermind, not getting into this today. Have a great weekend! :)
    • mikeyouse 6y ago
      I'm suggesting that Amazon is insanely aggressive about corporate tax minimization and that if we held them to a minimum rate, Bezos's net worth would be substantially lower since it's all in Amazon's stock which is priced based on the future expectation of cash flow to equity holders. The chipping away of effective corporate tax rates is one of the big untold stories of inequality, especially now that most most cash to equity holders comes in the form of buybacks which are untaxed and most shares are owned in tax havens so the presumed capital gains upon selling can be readily avoided as well. https://itep.org/corporate-tax-avoidance-in-the-first-year-of-the-trump-tax-law/ https://itep.org/corporate-tax-avoidance-in-the-first-year-o... Just saw your edit - you too. I don't really care about Jeff Bezos's wealth, he's just going to blow it on more mansions and boats, but I think it's worth thinking about the virtuous cycle of wealthy people having so much political influence to determine how wealthy they can be.