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I would say wealthy people have added disproportionately to society. Amazon, Walmart, and Microsoft have added tremendous value to the world.
by l33t2328 5y ago
I would say wealthy people have added disproportionately to society.
Amazon, Walmart, and Microsoft have added tremendous value to the world.
- kazen44 5y agodid they? does jeff bezos spend his wealth efficiently by launching himself into space for a billionare popularity contest? all that money could have been invested into people who actually spend it in the economy, instead of hoarding all that excess wealth.
- rscoots 5y agoLol where do you think the vast majority of the money went to? American aerospace engineers' paychecks. Although I think they should probably be taxed more, those hyper billionaires tend to give huge amounts to charity too. And it's not always for shamefully self-serving/partisan purposes such as Bezos propping up the Washington Post.
- l33t2328 5y agoI’m not sure why you believe the money needs to be spent “efficiently” By creating Amazon, Bezos added tremendous value to our world, and he deserves his profits from it.
- chasebro 5y agoBezos is no more “Amazon” than the president is “the United States”. We’d still have all those companies if their executives had to pay more in taxes.
- adolph 5y agoThe parent comment didn't mention Bezos. Since the majority of individual wealth created by Amazon is reflected in the price of Amazon stock, then taxing executive salary would have the likely effect of shifting more compensation to stock grants, etc.