The first trillionaire.

[Insidious Von]

It's being projected that Jeff Bezos will become the planet's first trillionaire by 2026 - what does that mean for us common schmoes?

https://www.businessinsider.com/jeff-bezos-on-track-to-become-trillionaire-by-2026-2020-5

I don't see anything good to come from it. Central Banks cannot print money forever and the traditional consumer society is under threat. Destruction of habitat, expansion of disruptive species and accelerated contagion could run consumer capitalism aground. On a personal level I got a nasty shock from my latest Enbridge Bill, it went up 80%. They are using production slowdown and the carbon tax as an excuse - they probably need the money to build the Keystone Pipeline. I expect cut-throat Reliance to do the same. Will the plutocracy hoard ever more wealth while the great unwashed become ditch pigs?

 

[Frankfooter]

Obviously the solution to that problem is to lower the taxes for billionaires so they have a chance to catch up to Bezos, cut services and benefits to 'essential workers' and eliminate all health care to help pay for it.

 

[Zoot Allures]

I think we are stuck with billionaires. If they are taxed heavily they will move their monies offshore and pay no taxes

They have the best tax accountants on their side and control congress

Trump has made them richer and the common Joe foots the bill

As far as his claim he made America great again it was Obama that did that as he brought the country back from recession and it took him 8 years to do it then Trump claims he did it

WORSE. PRESIDENT. EVER.

 

[Insidious Von]

Most plutocrats don't pay taxes and nothing actually came of the Panama Papers. David Cameron lost his job because he's an arrogant moron.

 

[Insidious Von]

Warren Buffett said his secretary pays more in taxes than he does.

 

[Phil C. McNasty]

Instead of slagging billionaires you should focus on trying to become rich yourself

 

[thirdcup]

Warren Buffett said his secretary pays more in taxes than he does.

Yes. He said his secretary pays a higher percent of her income in taxes than he does.

It's a case of the golden rule- whoever has the gold, makes the rules.

 

[Frankfooter]

Instead of slagging billionaires you should focus on trying to become rich yourself

Not if the billionaires have gamed the system.
Then you need to harness the power of the popular vote to fix it.

 

[decoy2673]

Absolute fake news click bait article/headline. Do some research before you post man. This is how misinformation spreads and you/genpop become even more dumb.

He owns roughly 11% shares of Amazon, that is the majority of his net worth, a 1.2 trillion dollar company. It would have to reach a 10 trillion dollar valuation approximately for him to become a nrillionaire which will likely not happen for an extremely long time if ever. Think about how fucking massive Amazon is, then to go roughly 10x that? It's ridiculous. Their biggest profit driver is AWS and it already dominates the market share, they can't grow much bigger in that. There biggest competitor is Azure which is Microsoft another mammoth of a company that is eating up their market share and we all know they aren't going anywhere. Google is also facing an antitrust probe, as MSFT did in 2000 and if Amazon isn't already in investigation they likely would have a huge target on their backs if they got even bigger than their behemoth size now.

Misinformed article, absolute no basis in reality. Might as well have posted an article from the onion.

 

[Smallcock]

https://www.vox.com/recode/2020/5/14/21259443/jeff-bezos-amazon-trillionaire-comparisun-study

 

[fall]

It's being projected that Jeff Bezos will become the planet's first trillionaire by 2026 - what does that mean for us common schmoes?

https://www.businessinsider.com/jeff-bezos-on-track-to-become-trillionaire-by-2026-2020-5

I don't see anything good to come from it. Central Banks cannot print money forever and the traditional consumer society is under threat. Destruction of habitat, expansion of disruptive species and accelerated contagion could run consumer capitalism aground. On a personal level I got a nasty shock from my latest Enbridge Bill, it went up 80%. They are using production slowdown and the carbon tax as an excuse - they probably need the money to build the Keystone Pipeline. I expect cut-throat Reliance to do the same. Will the plutocracy hoard ever more wealth while the great unwashed become ditch pigs?

It is very good for middle class in long run: money concentrated in one hands instead of being dispersed to poor allows to avoid high inflation (more saving/investment instead of consumption)

 

[Insidious Von]

It is very good for middle class in long run: money concentrated in one hands instead of being dispersed to poor allows to avoid high inflation (more saving/investment instead of consumption)

I wish I was a typhoon like my buddy Phil.

Unfortunately I'm in a tax bracket where the bank and the government work against me. The bank wants me in debt so they offer me unlimited credit and the government thinks I need a notice of assessment because I'm swimming in ink. That's why I pay for a top disheveled accountant as my security blanket. Some inflation and I'd be laughing.