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Yes he did, he took the risks, not them. He quit his high paying job and risked his financial future by opting to start Amazon. He sacrificed endless amounts of
by eloff 6y ago
Yes he did, he took the risks, not them. He quit his high paying job and risked his financial future by opting to start Amazon. He sacrificed endless amounts of free time and sanity to build an empire. That's why he owns a large piece of it.
You could argue that maybe the employees should have a greater share in the company, and that could be correct. Many of the early employees no doubt did. But at the end of the day, they choose to work at Amazon over somewhere else. But they didn't take the risk, if it hadn't worked out they would've moved on to the next thing without batting an eye.
A good economic system must reward successful risk taking, otherwise nobody would do it, and nobody would have jobs. Whether it needs to reward it this much is another question entirely.
We do have a mechanism for redistributing wealth to maintain to a fair society, called taxes. It just doesn't work at all if you don't earn income, but instead accumulate wealth via capital growth like Jeff Bezos.
Some countries have a small tax on wealth, e.g. 0.5% of total wealth, per year. I'm not sure how well that works.
- dingaling 6y ago> if it hadn't worked out they would've moved on to the next thing without batting an eye. As would Mr Bezos; that's the point of a limited-liability corporation, he's only liable for the amount of money that he invested.