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(CNBC)   Here's why it would be a huge mistake to inconvenience rich people and companies. By Jeff Bezos   (cnbc.com) divider line
    More: Followup, Tax, United States, Jeff Bezos, President Joe Biden, Amazon founder Jeff Bezos, Taxation in the United States, Joe Biden, Barack Obama  
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3053 clicks; posted to Politics » on 16 May 2022 at 6:42 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-05-15 11:25:50 PM  
It's time for a windfall tax.
 
2022-05-16 3:04:19 AM  
pbs.twimg.comView Full Size
 
2022-05-16 3:50:39 AM  

Joe USer: It's time for a windfall tax.


And a wealth tax for the obscenely wealthy.

And maybe a penis rocket tax.
 
2022-05-16 3:52:34 AM  
Well, Amazon has recently taken on a huge fleet of delivery vehicles, gas powered.
 
2022-05-16 6:47:11 AM  
He would rather build a giant phallic rocket into space than solve problems here on Earth.
 
2022-05-16 6:48:10 AM  
Hard cap of one billion dollars for personal wealth. Try to have a billion and one dollars and we cut off your farking head.
 
2022-05-16 6:51:10 AM  
you could argue that the most hurtful thing to low and middle income finance is housing / real estate.  And Jeff Bezos set the course for a crash that may help fix that.
 
2022-05-16 6:54:08 AM  
So he is cutting profits?
 
2022-05-16 6:56:00 AM  
Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?
 
2022-05-16 6:56:41 AM  
Comment on Fark:  "Wow Bezos is a piece of sh#t"

Next time I log in at Amazon:  "Suggested For You:  10 piece Toilet Repair Kit, World of Warcraft (WoW) Bathroom Tissue, Jeff Bezos Halloween Costume"


/ethics
 
2022-05-16 7:05:25 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?


The part where he pretended to care about poor people.
 
2022-05-16 7:06:12 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?


You act like people actually read the articles. Welcome to Fark!
 
2022-05-16 7:15:21 AM  

Farking Clown Shoes: Joe USer: It's time for a windfall tax.

And a wealth tax for the obscenely wealthy.

And maybe a penis rocket tax.


Fark user imageView Full Size
 
2022-05-16 7:16:25 AM  
Lower the price of prime you maniac!!
 
2022-05-16 7:18:12 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?


"the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,"

The idea that the President has a lever on his desk labeled "Inflation" which selects from Lo to Hi, that's what's wrong here. Those who propagate such a message do so to acclimate us to the idea of One Leader well is responsible for everything.
 
2022-05-16 7:18:36 AM  

No1farker: So he is cutting profits?


Fark user imageView Full Size
 
2022-05-16 7:21:13 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?


As the bank raise interest rates to fight inflation, so do the payments increase to pay for our 30 trillion in debt.

What killed Argentina and Greece and gave Italy a heartache in the past decades were the interest payments from debt.

We need to increase taxes to pay off the debt and pay interest. The U.S. has been living off a credit card binge the last couple of decades, now we need to pay the piper.
 
2022-05-16 7:22:38 AM  

Marcos P: Lower the price of prime you maniac!!


Fark user imageView Full Size
 
2022-05-16 7:22:43 AM  

BestUnfarkYourself: "the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,"

The idea that the President has a lever on his desk labeled "Inflation" which selects from Lo to Hi, that's what's wrong here. Those who propagate such a message do so to acclimate us to the idea of One Leader well is responsible for everything.


The only one who read that out of a clear reference to BBB, is you.
 
2022-05-16 7:23:54 AM  

fruit flies like a banana: covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?

The part where he pretended to care about poor people.


Fark user imageView Full Size
 
2022-05-16 7:26:31 AM  

Ivo Shandor: [pbs.twimg.com image 425x216]


I heard Moloch must die.
 
2022-05-16 7:31:53 AM  

Nana's Vibrator: you could argue that the most hurtful thing to low and middle income finance is housing / real estate.  And Jeff Bezos set the course for a crash that may help fix that.


Health care will take any property that the bottom 50% try to cling to.
We already pay way more than what health care costs, government spending is already at levels required to provide free high quality health care, outcomes would be way better under single payer, and your average wage worker would earn some $5000 to $10,000 more per year in theory if the benefits savings were converted into wage increases.  Even if not, the elimination of medical debt bankruptcy would be huge.
The only way to get these is through collective bargaining as part of a union.  Congress is made up of the aristocracy and they don't think Americans deserve living wages or good health care.
 
2022-05-16 7:33:27 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?



I think they're both wrong.  Bezos made a lot of loaded comments such as calling inflation a tax when it's clearly no such thing.  That implies the government is benefiting from inflation and the opposite is obviously true.

But Biden's claim that corporate taxation will lower inflation is also suspect. When have we known corporations to refrain from passing ANY increased cost down to the consumer?  The argument is constantly made that raising taxes will raise prices. Biden's claim isn't 100% false since it COULD prove true given an agile application and some wangling to keep businesses from needing to raise prices, but that's TBD.  Large infusions of cash into the demand side of an economy where corporations just took a profit plunge seems like it's almost asking for MORE inflation.

However the REAL underlying reason for this at the level Bezos occupies is people like Bezos himself who garner HUGE and increasing profits at the expense of everyone else, and then cite inflation as the reason prices keep rising.

That's why this is bollocks.
 
2022-05-16 7:33:36 AM  
It's like mansplaining with a head-pat to poor ignorant Americans to trust in the rich to do the right thing for them?  Billionairesplaining? Twatsplaining?
 
2022-05-16 7:36:14 AM  

Ehre: covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?

As the bank raise interest rates to fight inflation, so do the payments increase to pay for our 30 trillion in debt.

What killed Argentina and Greece and gave Italy a heartache in the past decades were the interest payments from debt.

We need to increase taxes to pay off the debt and pay interest. The U.S. has been living off a credit card binge the last couple of decades, now we need to pay the piper.


Thank you.
 
2022-05-16 7:36:25 AM  

Northern: Nana's Vibrator: you could argue that the most hurtful thing to low and middle income finance is housing / real estate.  And Jeff Bezos set the course for a crash that may help fix that.

Health care will take any property that the bottom 50% try to cling to.
We already pay way more than what health care costs, government spending is already at levels required to provide free high quality health care, outcomes would be way better under single payer, and your average wage worker would earn some $5000 to $10,000 more per year in theory if the benefits savings were converted into wage increases.  Even if not, the elimination of medical debt bankruptcy would be huge.
The only way to get these is through collective bargaining as part of a union.  Congress is made up of the aristocracy and they don't think Americans deserve living wages or good health care.


But what about the profits of the healthcare industry?
 
2022-05-16 7:36:35 AM  

covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?


The fact that he claims it was a $600 check to the unemployed that caused inflation, despite the fact that this has been thoroughly debunked by economists the world over. Countries that didn't inject any stimulus funds into the money supply or that had far lower total stimulus payments are having the exact same inflationary problems we are.

Bezos isn't wrong that corporate taxes and inflation aren't linked, and that Biden was conflating the two to make an emotional argument. Bezos is a jackass because he blames inflation on the poor rather than on a combination of supply chain issues and twenty years of zero interest rate policies.
 
2022-05-16 7:37:40 AM  

Ehre: covalesj: Someone spell out exactly what bezos said that is incorrect. Inflation isn't linked to corporate taxes. And inflation harms the poor the most. And taxing corporations is fine.  That's what he stated.  Where's the issue?

As the bank raise interest rates to fight inflation, so do the payments increase to pay for our 30 trillion in debt.

What killed Argentina and Greece and gave Italy a heartache in the past decades were the interest payments from debt.

We need to increase taxes to pay off the debt and pay interest. The U.S. has been living off a credit card binge the last couple of decades, now we need to pay the piper.


The US did a tax cut for the surplus Clinton left, instead of using it to pay down debt. There is no 'surplus' if there's debt. Not really.

The republicans sold it with their idiot understanding of econ and budgets. Telling Americans that it was their money. That the economy would grow from returning it.

But the economy didn't grow and using the surplus for a tax cut, instead of debt payments, merely passed more of the boomer debt to the next generations.
 
2022-05-16 7:38:28 AM  
It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?
 
2022-05-16 7:38:44 AM  

Armchair_Invective: It's like mansplaining with a head-pat to poor ignorant Americans to trust in the rich to do the right thing for them?  Billionairesplaining? Twatsplaining?


"Trickle-down theory" is just a disingenuous corporatist rephrasing of "pissing down your back and telling you it's raining".
 
2022-05-16 7:42:46 AM  

Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?


He's using Hunter Biden laptops to mine crypto and  then exchanging it for newly printed dollars.
 
2022-05-16 7:44:21 AM  

Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?


Nothing.  It's the GOP repackaging "Thanks, Obama" into "I did that".
 
2022-05-16 7:45:41 AM  

Wobambo: Hard cap of one billion dollars for personal wealth. Try to have a billion and one dollars and we cut off your farking head.


Adding that I think the person who collects the greedy billionaire's head should inherit all the billionaire's wealth upon positive identification of retinas, fingerprints, etc.

I should probably watch those Purge movies for more ideas... freeze the assets, public alert that Gates/Musk/Bezos is no longer protected by the law since they decided to hoard wealth like some kind of evil dragon, and needs to therefore be slain for the good of society.

/now that's reality TV programming Iwant to see
 
2022-05-16 7:45:57 AM  
Canada is already pushing forward with a wealth tax.

The fifties, the Republicans wish we could go back to had a 90% tax on wealth. And still people did okay.

It makes absolutely no sense to let people hoard more wealth than they can ever spend while expecting everybody else to subsist on crumbs.

8 billion people versus 641 billionaires. Heed the course of history.

Fark user imageView Full Size
 
2022-05-16 7:47:10 AM  

Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?


He's a Democrat. Duh. Don't you know that inflation is caused by Democrats, but economic prosperity is caused by Republicans?
 
2022-05-16 7:47:17 AM  

Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?


people are buying the Fox News bull and it's a game of misdirecting people's anger so people won't look at the real cause: greedflation.
 
2022-05-16 7:49:20 AM  

lordjupiter: Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?

Nothing.  It's the GOP repackaging "Thanks, Obama" into "I did that".


That's the most I can figure, but I've seen surveys (too lazy to look them up rn) that show the belief goes well beyond the GQP's core 30-35 percent of knuckledraggers, and if my imprecise understanding is accurate, it roughly tracks with Biden's depressed approval rating.

The talking point has taken hold too widely, and in 2022, when we all carry supercomputers in our pockets, lots of people just blindly eat it up.
 
2022-05-16 7:53:35 AM  

Lusiphur: Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?

He's a Democrat. Duh. Don't you know that inflation is caused by Democrats, but economic prosperity is caused by Republicans?


Democrats would give a billion dollars to a million poor people, who would just spend it and it would all be gone a week later.
Republicans would give a billion dollars to one billionaire, who would turn it into 1.01 billion dollars.  Now, isn't that so much better, making more money like that instead of just spending it?  That's why Republicans should have all they money - because they make money!

And that's what my relatives believe.
 
2022-05-16 7:55:33 AM  
Ehre:    We need to increase taxes to pay off the debt and pay interest.


Hahahahahahahahahahaha, Ahhhh hahahahahahahahahahahahahahahaha.  That's so cute, you're adorable.

Now. Pay attention.

The United States Government spends every single penny it collects, plus as much as it can borrow.  Every.  Single. Time.

Any and all tax increases get spent.  Every. Single. Time. There is no paying down the debt.

Everyone know this.  That's never going to change.  The government will continue to spend every single
penny then can beg borrow or steal.  Until they can't and the system collapses.  Then we reset the board.

Republicans are doing everything they can to stave off the collapse and keep things going.

The Democrats are doing everything they can to increase spending, and accelerate the collapse. Only then
can we save the children, the  planet, the people and usher in a new age of prosperity.

Pick a side and stop the silliness.  Increase taxes to pay off the debt?  Hahahahahahahahahahahaha
 
2022-05-16 7:56:43 AM  

Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?


The reason Republicans think so is because he has a (D) next to his name.

You thinking he is blameless for the same reason isn't much less silly.
 
2022-05-16 7:57:52 AM  

Boondock3806: lordjupiter: Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?

Nothing.  It's the GOP repackaging "Thanks, Obama" into "I did that".

That's the most I can figure, but I've seen surveys (too lazy to look them up rn) that show the belief goes well beyond the GQP's core 30-35 percent of knuckledraggers, and if my imprecise understanding is accurate, it roughly tracks with Biden's depressed approval rating.

The talking point has taken hold too widely, and in 2022, when we all carry supercomputers in our pockets, lots of people just blindly eat it up.


For 3 years, technically 4, the "doomsayers" have been predicting the next crash (which is like predicting it will rain somewhere in Colorado in September), and were branded as haters and losers.

But that it happens now, with 4 years of built up bullshiat is proof that Biden should have used Obama's time machine, and Orange Leader would have averted it, somehow.
 
2022-05-16 7:59:17 AM  

Zeb Hesselgresser: Ehre:    We need to increase taxes to pay off the debt and pay interest.


Hahahahahahahahahahaha, Ahhhh hahahahahahahahahahahahahahahaha.  That's so cute, you're adorable.

Now. Pay attention.

The United States Government spends every single penny it collects, plus as much as it can borrow.  Every.  Single. Time.

Any and all tax increases get spent.  Every. Single. Time. There is no paying down the debt.

Everyone know this.  That's never going to change.  The government will continue to spend every single
penny then can beg borrow or steal.  Until they can't and the system collapses.  Then we reset the board.

Republicans are doing everything they can to stave off the collapse and keep things going.

The Democrats are doing everything they can to increase spending, and accelerate the collapse. Only then
can we save the children, the  planet, the people and usher in a new age of prosperity.

Pick a side and stop the silliness.  Increase taxes to pay off the debt?  Hahahahahahahahahahahaha


We could start by reducing the military budget by 50%, restarting the taxes on corporate capital gains and requiring the top 5% of the income range actually start paying taxes.
 
2022-05-16 7:59:41 AM  
It's true.  Inflation is like a hidden tax and really hurts the poor.  But I did not see Bezos offering any solutions.
 
2022-05-16 7:59:50 AM  

Ehre: We need to increase taxes to pay off the debt and pay interest. The U.S. has been living off a credit card binge the last couple of decades, now we need to pay the piper.


Can't we just wait a little longer, for the next generation to settle the bill? I'm on a fixed income!
 
2022-05-16 8:00:22 AM  

Zeb Hesselgresser: Republicans are doing everything they can to stave off the collapse and keep things going.


You're so full of shiat it's leaking out of your ears.

The fascist plan: give rich people money for nothing and chicks for free, steal money from blue states to prop up red sponge states, intentionally exacerbate supply chain issues and then blame Biden.

Get the fark out of here Putin's knob blower.
 
2022-05-16 8:01:07 AM  

Joe USer: It's time for a windfall tax.


That'll show em!
 
2022-05-16 8:02:38 AM  

BMFPitt: Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?

The reason Republicans think so is because he has a (D) next to his name.

You thinking he is blameless for the same reason isn't much less silly.


Holy crap. One of the worst BSABs I've seen around here all month. What is it about all the real-world examples I pointed to that boil down to "because he's a dem?"
 
2022-05-16 8:03:12 AM  
The problem is that while a lot of people complain about everyone relying on the government, corporations are in complete control of people's future.  If you have a 401k, your financial future lives and dies on the vagaries and whims of the stock market.  The current baby formula "crisis" boils down to three companies controlling ALL the manufacturing, and they have gotten laws passed to prevent competition from other countries, even in the face of their gross incompetence.  Multiply this across dozens of sectors of the economy and you'll get an idea of the scope of who's really in charge.

We'd be better off if we could vote for the Board of Directors of Amazon and Google than for the House and Senate.
 
2022-05-16 8:04:24 AM  

AppleOptionEsc: Boondock3806: lordjupiter: Boondock3806: It's a broadly-believed idea that Biden is responsible for inflation, but no one can point to what he did to cause it.

BBB got carved to shiat and still couldn't pass. His $1.9 trillion Covid package accounts for ~40% of approved Covid relief, supply chain constrains are a global issue that predates him, and the global shock to oil and wheat markets caused by Russia is way out of his hands.

So honest question. What the fark is it about the Biden administration that makes people think inflation is his fault? What am I missing?

Nothing.  It's the GOP repackaging "Thanks, Obama" into "I did that".

That's the most I can figure, but I've seen surveys (too lazy to look them up rn) that show the belief goes well beyond the GQP's core 30-35 percent of knuckledraggers, and if my imprecise understanding is accurate, it roughly tracks with Biden's depressed approval rating.

The talking point has taken hold too widely, and in 2022, when we all carry supercomputers in our pockets, lots of people just blindly eat it up.

For 3 years, technically 4, the "doomsayers" have been predicting the next crash (which is like predicting it will rain somewhere in Colorado in September), and were branded as haters and losers.

But that it happens now, with 4 years of built up bullshiat is proof that Biden should have used Obama's time machine, and Orange Leader would have averted it, somehow.


Orange Julius is 100% blameless for any of this.  He personally eschews money and the trappings of wealth.
 
2022-05-16 8:04:50 AM  

Zeb Hesselgresser: Republicans are doing everything they can to stave off the collapse and keep things going.


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