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It's not fetishizing the rich it's acknowledging that they are entitled to the spend the money they've earned in the way that they want. Bezos wants to build a
by muaytimbo 5y ago
It's not fetishizing the rich it's acknowledging that they are entitled to the spend the money they've earned in the way that they want. Bezos wants to build a space company.
I'd like you both to pay the same tax rate too, 0%. You should feel entitled to keep all the money you've earned, so should he.
Bezos doesn't pay the rate you do because his income is lower than yours. It was about 90K/year. His has paper riches, stock. Which is worth nothing until you find a buyer and agree on a price.
It's surprising you mentioned companies not reinvesting in the context of Amazon, which is almost the perfect example of a company reinvesting all of their profits in pursuit of a long term vision. That's why Amazon never posts a profit, they just expand.