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I don’t understand humans with this anti business mania that has become popular these days. Local shops sell products multiple times more expensive than Amazon

by aborsy 5y ago

I don’t understand humans with this anti business mania that has become popular these days. Local shops sell products multiple times more expensive than Amazon does, so low quality that you have to replace them frequently, limited selection, bad customer service, bad return terms, expensive delivery … Amazon has been a blessing to customers, and innovated a lot in this space. I am not sure if I recall this explanation for existence of ultra rich people from PG. Today, a small group of software engineers can build valuable products that scale to millions or billions customers. The return to education and skills is all time high. They become rich, but also make most others better off too. I don’t think we should politicize it, become Luddites, throw eggs, or prefer a lose-lose outcome. ———————- I see strange comments in this post that don’t make sense. As for the quality of Amazon services, someone comments it’s poor. Fine, it’s an option, you may ignore it. The worth of companies is set by markets, others that apparently find it useful, hence the usage and valuation. As for taxes, every person or small business I know hires accountants to minimize taxes legally. Tax evasion is illegal, and will be severely punished. There are nation states checking every aspect these big businesses to ensure they operate legally. Modify your tax code if you want (and be prepared for changes in businesses). I think it’s well known that FAANG’s salaries are amongst highest in the market. These companies are careful, as poor treatment of people will be immediately all over media. Finally, there is a comment: let’s tax the hell out of successful businesses anyways! Bizarre. Pure jealousy. It will not stop at ultra rich, will eventually engulf everyone and hamper innovation.

FDSGSG 5y ago
It's 2022, jealousy is fashionable. You're supposed to hate those who have more than you.
- mkdirp 5y ago
  Here is an idea. How about we have dislike for those that hoard wealth, while the majority of the people live in poverty, and died of it. How about we dislike those that avoid taxes like the plague, and yet, use all our services to their fullest extent. How about we dislike those that exploit workers, turned a blind eye, and give a middle finger to most of their workers, and the people? It's got nothing to do with jealousy, and everything to do with how horrible of a company Amazon is, and how its founder, and until recently its CEO, have let it become a horrible in the name of money. I don't under people defending the ultra rich. The likelihood of the average joe getting to Bezos' wealth is next to zero. It's ridiculous to defend him despite all the bad he does. Before you say he adds to society by donating money or whatnot (e.g. Bill Gates), you know what works better? A good welfare system for those that need. One that would otherwise be funded partially by the rich's tax money that they love to avoid.
  - rosndo 5y ago
    > How about we have dislike for those that hoard wealth, while the majority of the people live in poverty, and died of it. What about those that create wealth? It’s not a zero sum game.
    - scollet 5y ago
      Bezos does not create wealth though.
    - mkdirp 5y ago
      Ah right. The wealth that Bezos creates. The one whose workers are living pay cheque to pay cheque and barely scraping by. The one whose workers are peeing in bottles because they can't afford to be fired for taking a break. It's not zero sum game because the wealth they create favours the investors. Not the population. The aim of a company is to create wealth for the investors. Not for anyone else. I'm not sure why it is you're defending the rich in this thread, but your arguments have been overplayed for years.
1_player 5y ago
It's not anti business. It's anti ultra rich. Business and the economy can function without incredible amounts of wealth concentrated into the hands of a few filthy rich people.
onion2k 5y ago
Whenever I search for anything on Amazon I get strange, unknown brands of things that look like counterfeit copies of the product I searched for. I bought my partner a new pair of binoculars for her birthday and I literally couldn't get them from Amazon even if I wanted to as the listings were just close-but-not-quite knockoffs, even when I searched for a brand name and product sku. That's what Amazon is now. It's a market for copies. I don't consider that a blessing.
iqanq 5y ago
It's envy. He can afford to buy a yacht, I can't.
AussieWog93 5y ago
I think you've hit the nail on the head. Everyone loves shopping at Amazon, but it annoys them that it makes Jeff Bezos rich.
- scollet 5y ago
  The workers who produce the wealth could benefit in folds. This is the contention.
  - darawk 5y ago
    Amazon pays its workers more than most other comparable jobs. Amazon's primary employment business is already not particularly profitable. Amazon is worth what it is because shareholders value it highly, not because it's extracting fat margins off its employee's efforts.
    - scollet 5y ago
      Maybe the ground workers should be primary shareholders then? I don't see how Bezos adds any value, I legitimately don't.
      - AussieWog93 5y ago
        >I don't see how Bezos adds any value, I legitimately don't. Back when he was in charge of the company's day-to-day operations, he made a series of decisions that customers really appreciated, even if the employees didn't. These decisions lead Amazon to achieve dominance in many markets around the world. In our customer-focused economy, rightly or wrongly, this is the definition "adding value". I'm completely on-board with the "work reform" argument that we should incentivise or legislate better conditions for employees (I only employ one person myself, but she is paid very well!), but the idea that good management is worthless and all value comes from labour is laughable.
      - darawk 5y ago
        Did you know that coops are perfectly legal in the US? You can start a competitor to Amazon that is employee owned. If Bezos isn't adding any value, you should easily out-compete Amazon, given how loyal the employees will be.
scollet 5y ago
You're either Luthor or you're not. That's the precedent that is set. I don't understand the imperative defense, but I can guarantee you, it sees you as a stone breaker. That's how sociopaths work.
doovd 5y ago
Lol - all this at a cost of what? Do you understand that the reason Amazon is low cost is because of exploiting it's workers? It's simple maths

by aborsy 5y ago

FDSGSG 5y ago

It's 2022, jealousy is fashionable. You're supposed to hate those who have more than you.

mkdirp 5y ago
Here is an idea. How about we have dislike for those that hoard wealth, while the majority of the people live in poverty, and died of it. How about we dislike those that avoid taxes like the plague, and yet, use all our services to their fullest extent. How about we dislike those that exploit workers, turned a blind eye, and give a middle finger to most of their workers, and the people? It's got nothing to do with jealousy, and everything to do with how horrible of a company Amazon is, and how its founder, and until recently its CEO, have let it become a horrible in the name of money. I don't under people defending the ultra rich. The likelihood of the average joe getting to Bezos' wealth is next to zero. It's ridiculous to defend him despite all the bad he does. Before you say he adds to society by donating money or whatnot (e.g. Bill Gates), you know what works better? A good welfare system for those that need. One that would otherwise be funded partially by the rich's tax money that they love to avoid.
- rosndo 5y ago
  > How about we have dislike for those that hoard wealth, while the majority of the people live in poverty, and died of it. What about those that create wealth? It’s not a zero sum game.
  - scollet 5y ago
    Bezos does not create wealth though.
  - mkdirp 5y ago
    Ah right. The wealth that Bezos creates. The one whose workers are living pay cheque to pay cheque and barely scraping by. The one whose workers are peeing in bottles because they can't afford to be fired for taking a break. It's not zero sum game because the wealth they create favours the investors. Not the population. The aim of a company is to create wealth for the investors. Not for anyone else. I'm not sure why it is you're defending the rich in this thread, but your arguments have been overplayed for years.

1_player 5y ago

It's not anti business. It's anti ultra rich. Business and the economy can function without incredible amounts of wealth concentrated into the hands of a few filthy rich people.

onion2k 5y ago

Whenever I search for anything on Amazon I get strange, unknown brands of things that look like counterfeit copies of the product I searched for. I bought my partner a new pair of binoculars for her birthday and I literally couldn't get them from Amazon even if I wanted to as the listings were just close-but-not-quite knockoffs, even when I searched for a brand name and product sku. That's what Amazon is now. It's a market for copies. I don't consider that a blessing.

iqanq 5y ago

It's envy. He can afford to buy a yacht, I can't.

AussieWog93 5y ago

I think you've hit the nail on the head. Everyone loves shopping at Amazon, but it annoys them that it makes Jeff Bezos rich.

scollet 5y ago
The workers who produce the wealth could benefit in folds. This is the contention.
- darawk 5y ago
  Amazon pays its workers more than most other comparable jobs. Amazon's primary employment business is already not particularly profitable. Amazon is worth what it is because shareholders value it highly, not because it's extracting fat margins off its employee's efforts.
  - scollet 5y ago
    Maybe the ground workers should be primary shareholders then? I don't see how Bezos adds any value, I legitimately don't.
    - AussieWog93 5y ago
      >I don't see how Bezos adds any value, I legitimately don't. Back when he was in charge of the company's day-to-day operations, he made a series of decisions that customers really appreciated, even if the employees didn't. These decisions lead Amazon to achieve dominance in many markets around the world. In our customer-focused economy, rightly or wrongly, this is the definition "adding value". I'm completely on-board with the "work reform" argument that we should incentivise or legislate better conditions for employees (I only employ one person myself, but she is paid very well!), but the idea that good management is worthless and all value comes from labour is laughable.
    - darawk 5y ago
      Did you know that coops are perfectly legal in the US? You can start a competitor to Amazon that is employee owned. If Bezos isn't adding any value, you should easily out-compete Amazon, given how loyal the employees will be.

scollet 5y ago

You're either Luthor or you're not. That's the precedent that is set. I don't understand the imperative defense, but I can guarantee you, it sees you as a stone breaker. That's how sociopaths work.

doovd 5y ago

Lol - all this at a cost of what? Do you understand that the reason Amazon is low cost is because of exploiting it's workers? It's simple maths