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Amazon is a legally fictitious straw man created as a mechanism for millions of shareholders to employ thousands of workers to deliver goods and services to pay
by philwelch 6y ago
Amazon is a legally fictitious straw man created as a mechanism for millions of shareholders to employ thousands of workers to deliver goods and services to paying customers. Every Amazon shareholder and employee who makes enough money through this arrangement pays income taxes, or perhaps capital gains taxes.
If you want to uphold the principle that Jeff Bezos should pay more taxes than Grandma, don’t tax Jeff Bezos and Grandma’s pension fund at the same rate. That’s what corporate taxes effectively do.
- arcticbull 6y agoThing is capital gains literally never have to be realized. You can borrow against your equity position on margin (currently 0.75% for large withdrawals) and pay off the interest with dividends. Source: i do this.
- philwelch 6y agoThat seems like a much fairer and easier loophole to fix than trying to tax unprofitable corporations to penalize them for reinvesting in themselves.
- arcticbull 6y agoGood luck passing a wealth tax, but I'm all for it.