by Jimmy Dore say's Jeff Bezos net worth is 2 billion, and owns the Washington Post, hangs out with the Pentagon and the CIA, and has all your data and spy stuff, so what could wrong, he asks, when he can see Jeff Bezos stroking a cat with a diamond studded collar, sitting on a dolphin skin covered chair, you know, like Goldfinger or Dr No.Amazon paid no tax in 2017, but it turns out that the government owes Amazon £137 million instead. A capitalism success story, while all the other retailers who do pay tax go out of business. While Amazon's employees are on welfare food stamps. They paid the lowest wages but get offered stock options instead which gives Amazon further tax discounts. If in the end all sales go through Amazon and they pay rock bottom wages will Amazon eventual lose its
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Amazon paid no tax in 2017, but it turns out that the government owes Amazon £137 million instead. A capitalism success story, while all the other retailers who do pay tax go out of business. While Amazon's employees are on welfare food stamps. They paid the lowest wages but get offered stock options instead which gives Amazon further tax discounts.
If in the end all sales go through Amazon and they pay rock bottom wages will Amazon eventual lose its sales and go under? But what does it matter when it has extracted most of the wealth out of Americans while the military-industrial complex extracts the rest and so the elite can make off with the money and be mega rich forever. I guess Jeff Bezos will be up for a basic income to keep sales up, but he won't be paying any taxes towards it. It can't work.
This shows how capitalism and societies eventually destroy themselves unless we regulate capitalism. Large companies need to be broken up and maybe we will need to put punitive taxes on the rich to reduce their political power and influence. In this way modern societies can survive and the rich will still have a great society in which to live comfortably in happiness. They will still be at the top but without power.
Now you might ask, if we limit wealth at the top we will destroy innovation, and why would Bill Gates keep on working after he has become rich, and of course, the wealthy would emigrate? Well, if we can't sort it out, our civilisation will crumble just like all the Chinese ones did.