Jeff Bezos is up to 190 billion.

[Kblaze8855]

His ex is at 65 billion. She’s gonna pass Warren Buffet in a few months at this rate and he will cross 200.

He’s within 30 years of being able to create an actual mcduck money pit of gold:

https://thumbs.gfycat.com/WindyGlossyIcelandicsheepdog-size_restricted.gif



My question is this. Given such absurd resources what is your passion project?

Your limitless resources “The world needs this” project? Just giving it away to charity like the Red Cross or whatever it would vanish into the bottomless pit and be barely noticed long term. 200 billion is a lot. But how much is it if you’re trying to do something impossible like eliminate hunger? It wouldn’t cover the infrastructure needed to do that.


So....what could you do to make a tangible difference you want to see if you actually liquidate most of that and get to work?

Where do you even start?

[warriorfan]

Honestly? Depopulation.

[~primetime~]

Also noteworthy Elon Musk surpassed Warren Buffett and Tesla stock has been absolutely exploding recently.

[Norcaliblunt]

I would just stop making money off amazon. Pay the workers a lot more and reduce the price of everything. Running it on a loss I could eat.

[tpols]

@ 1:14


https://www.youtube.com/watch?v=6Ver9ARyA88

[~primetime~]

Ending world hunger I've seen estimated at $11 billion per year...Bezos could actually do that... he has that LIQUID even.

But feeding people isn't the cure...


If you teach a man to fish vs give a man a fish

[Norcaliblunt]

You know how much food is wasted? I never believed we could feed everyone until I worked in the organic farming and produce industry. 2/3 of the produce you see on supermarket shelves gets thrown away.

[tpols]

Ending world hunger I've seen estimated at $11 billion per year...Bezos could actually do that... he has that LIQUID even.

But feeding people isn't the cure...


If you teach a man to fish vs give a man a fish

just looked it up...not that its a surprise. most of the starving countries in the world are in africa. They also still have like 10 kids a piece out there. Thats the problem. instead of building society theyre just ****ing.

[Nanners]

My question is this. Given such absurd resources what is your passion project?


If I was Jeff Bezos - first I would unleash a fake pandemic created by the scientists at the lab I am funding in wuhan, then I would pay the media to crank up the fear surrounding the virus until people were begging to be locked in their homes, then I would tell the politicians I own to shut down all small businesses because of the virus (but let my website stay open obviously), then I would tell my media cronies to crank the fear up to 11 whenever any state dares to not shut down all businesses that compete with Amazon, then I would develop a drug that sterilizes folks and distribute it to the world under the guise of being a vaccine for the virus my lab created, then I would have my allies in the govt and media do the virus fearmonger routine during cold/flu season every single year until all brick and mortar business has ceased to exist, then I would retire to Epsteins pedophile island and spend the rest of my life worshipping owls and wearing creepy masks.

[Shooter]

I would just stop making money off amazon. Pay the workers a lot more and reduce the price of everything. Running it on a loss I could eat.

:lol Someone skipped Business Class 101

[Shogon]

Jeff Bezos isn't dick.


https://www.youtube.com/watch?v=XqUwr-Nkq9g

[tpols]

my current occupation is to literally order shit off amazon. im a buyer at a company and amazon is my vendor. i sit at home buying all types of tools and technology for other employees at the company to use. it's crazy how big they are.

[Patrick Chewing]

Dude started off flipping burgers at McDonald's. The true American Dream.


:applause:

[Shooter]

If I was Jeff Bezos - first I would unleash a fake pandemic created by the scientists at the lab I am funding in wuhan, then I would pay the media to crank up the fear surrounding the virus until people were begging to be locked in their homes, then I would tell the politicians I own to shut down all small businesses because of the virus (but let my website stay open obviously), then I would tell my media cronies to crank the fear up to 11 whenever any state dares to not shut down all businesses that compete with Amazon, then I would develop a drug that sterilizes folks and distribute it to the world under the guise of being a vaccine for the virus my lab created, then I would have my allies in the govt and media do the virus fearmonger routine during cold/flu season every single year until all brick and mortar business has ceased to exist, then I would retire to Epsteins pedophile island and spend the rest of my life worshipping owls and wearing creepy masks.

😯😯😯

[Nanners]

������

is that not what tech billionaires are supposed to do?

[warriorfan]

If I was Jeff Bezos - first I would unleash a fake pandemic created by the scientists at the lab I am funding in wuhan, then I would pay the media to crank up the fear surrounding the virus until people were begging to be locked in their homes, then I would tell the politicians I own to shut down all small businesses because of the virus (but let my website stay open obviously), then I would tell my media cronies to crank the fear up to 11 whenever any state dares not shut down all businesses that compete with Amazon, then I would develop a drug that sterilizes folks and distribute it to the world under the guise of being a vaccine for the virus my lab created, then I would have my allies in the govt and media do the virus fearmonger during cold/flu season every single year until all brick and mortar business has ceased to exist, then I would retire to Epsteins pedophile island and spend the rest of my life worshipping owls and wearing creepy masks.

:roll: :roll: :roll:

[Norcaliblunt]

:lol Someone skipped Business Class 101

Lol.

[Norcaliblunt]

is that not what tech billionaires are supposed to do?

Business 101

[tpols]

most people would say nanners post is some tin foil shit, but a lot of people underestimate the ambition of guys like bezos. To get that big, as big as he is, you have to have an unreal hustle game. constantly thinking about how to acquire more money and power. you don't just... stop once you hit the top. He still has that same drive and will until the day he dies.

https://78.media.tumblr.com/240541be735e5a4f01a0816aef10f7ac/tumblr_oyufp9tpMj1wzypxlo1_500.gif

[RRR3]

It’s indeed possible there is some conspiracy as to how coronavirus got out but saying it’s fake is just ignoring reality. Nanners has been listening to Alex Jones again.

[Shooter]

most people would say nanners post is some tin foil shit, but a lot of people underestimate the ambition of guys like bezos. To get that big, as big as he is, you have to have an unreal hustle game. constantly thinking about how to acquire more money and power. you don't just... stop once you hit the top. He still has that same drive and will until the day he dies.

https://78.media.tumblr.com/240541be735e5a4f01a0816aef10f7ac/tumblr_oyufp9tpMj1wzypxlo1_500.gif
It's true in the sense that guys who worked that hard to get to the top top aren't the type to just randomly stop.

People always ask why didn't he stop at 50 million or 100?!

My response: A guy that could even get to 190 billion was never stopping. At any point. Clearly. Just built differently.

[~primetime~]

What's really crazy is that Bezos lifestyle and quality of living isn't any different than someone like LeBron who doesn't even have 1/2 a billion

[Shooter]

Lol.

Amazon has a created a wealth of jobs, value for consumers/end users, and inspires competiton which means we all win. But you wanna change that system because Bezos worked too hard and created too much value?

[Nanners]

most people would say nanners post is some tin foil shit, but a lot of people underestimate the ambition of guys like bezos. To get that big, as big as he is, you have to have an unreal hustle game. constantly thinking about how to acquire more money and power. you don't just... stop once you hit the top. He still has that same drive and will until the day he dies.



It’s indeed possible there is some conspiracy as to how coronavirus got out but saying it’s fake is just ignoring reality. Nanners has been listening to Alex Jones again.



For the record, I was just joking... no doubt we can all agree that no tech billionaire would ever dream of doing the things I am joking around about.

In reality, if I was a tech billionaire I would mostly use my money to lobby congress and run vaccine trials on tribal girls in India and Africa

[Shooter]

What's really crazy is that Bezos lifestyle and quality of living isn't any different than someone like LeBron who doesn't even have 1/2 a billion

100000%

Studies show it actually decreases around 100k or so.

[warriorfan]

What's really crazy is that Bezos lifestyle and quality of living isn't any different than someone like LeBron who doesn't even have 1/2 a billion

The highest comfort of living was a priority that was accomplished long long ago for guys like that. At that point it becomes a game based on accumulating as much wealth as possible. It’s their version of “check my $tats” if going along with the LeBron comparison.

[AlternativeAcc.]

Bezos is the greatest CEO in world history. He doesn't have any flaws as a business man. The guy is absurdly smart and passionate. He's the GOAT.

[msbutthurt]

I would just stop making money off amazon. Pay the workers a lot more and reduce the price of everything. Running it on a loss I could eat.


This is only the second post I've seen from you, but I'm just going to assume your blood has turned into cannabis oil and that you're a weedeterian/weedgan. I'm pretty sure your brain is now a plant that's sprouting buds. To say the stuff you do, you must just be high 24/7.

[msbutthurt]

just looked it up...not that its a surprise. most of the starving countries in the world are in africa. They also still have like 10 kids a piece out there. Thats the problem. instead of building society theyre just ****ing.


It would also help if they didn't kill white Christian farmers. The steal the farm land only to run the farm land into the ground because they don't know how to farm.

[AlternativeAcc.]

You don't get as rich as Bezos or Musk by chasing Money. These guys don't chase money, they're genuinely trying to change the world. If bezos was just in it for money he wouldn't be funding a space company that likely won't be profitable in his lifetime.

Money is a factor for all humans but guys like musk and bezos are trying to create things that change the world forever. I dont think many people can relate to that mindset

Holding on to wealth and chasing wealth are two different things. Of course these guys will hold onto their wealth. They earned it.

[Shooter]

This is only the second post I've seen from you, but I'm just going to assume your blood has turned into cannabis oil and that you're a weedeterian/weedgan. I'm pretty sure your brain is now a plant that's sprouting buds. To say the stuff you do, you must just be high 24/7.

:lol

The funny thing is, he is VERY LIKELY benefitting off of the great system Amazon/Bezos created such as increased competition, fast shipping, highly accessible products, more money in pocket due to savings, shop from home, audible, video streaming, but he wants to tear it down and make it worse. Makes no sense.

[msbutthurt]

Amazon has a created a wealth of jobs, value for consumers/end users, and inspires competiton which means we all win. But you wanna change that system because Bezos worked too hard and created too much value?


To be honest, Jeff Bezos probably works for the CIA. As well as Zuckerberg. Just like Walt Disney.

[msbutthurt]

:lol

The funny thing is, he is VERY LIKELY benefitting off of the great system Amazon/Bezos created such as increased competition, fast shipping, highly accessible products, more money in pocket due to savings, shop from home, audible, video streaming, but he wants to tear it down and make it worse. Makes no sense.


Definitely. As you said, it's created a ton of jobs. It gives people access to things quickly and usually as cheap as possible without leaving the house. It's a great benefit to people trying to save time and money so they don't have to the store(s) and search for all of the stuff they need.

[RRR3]

This is only the second post I've seen from you, but I'm just going to assume your blood has turned into cannabis oil and that you're a weedeterian/weedgan. I'm pretty sure your brain is now a plant that's sprouting buds. To say the stuff you do, you must just be high 24/7.
Weed is amazing, gtfoh

[Norcaliblunt]

Amazon has a created a wealth of jobs, value for consumers/end users, and inspires competiton which means we all win. But you wanna change that system because Bezos worked too hard and created too much value?

What?

I said “I” would pay the workers more, reduce prices, and eat the loss out of my own money. This thread is a hypothetical what would you do with 200 billion dollars? Jeff can do whatever he wants. Lol.

[Shogon]

most people would say nanners post is some tin foil shit, but a lot of people underestimate the ambition of guys like bezos. To get that big, as big as he is, you have to have an unreal hustle game. constantly thinking about how to acquire more money and power. you don't just... stop once you hit the top. He still has that same drive and will until the day he dies.

https://78.media.tumblr.com/240541be735e5a4f01a0816aef10f7ac/tumblr_oyufp9tpMj1wzypxlo1_500.gif




It's true in the sense that guys who worked that hard to get to the top top aren't the type to just randomly stop.

People always ask why didn't he stop at 50 million or 100?!

My response: A guy that could even get to 190 billion was never stopping. At any point. Clearly. Just built differently.

Yeah except your idea is bullshit and Bill Gates is an obvious example of why your theory doesn't hold water.

Bill Gates just... stopped. He was the richest person on Earth at one point and he definitely stopped gunning for it a long, long time ago.

Unless you believe that he's into vaccinations and the bio/viral fields to enslave humanity. There are thousands of other things he could have started to get into in order to increase his wealth but he just kinda stopped.

Eh.

[Shooter]

You don't get as rich as Bezos or Musk by chasing Money. These guys don't chase money, they're genuinely trying to change the world. If bezos was just in it for money he wouldn't be funding a space company that likely won't be profitable in his lifetime.

Money is a factor for all humans but guys like musk and bezos are trying to create things that change the world forever. I dont think many people can relate to that mindset

Nah bruh let's just eliminate the years of effort to drastically improve quality of life worldwide just to pay some warehouse packers more money and operate at a loss so we have less capital to reinvest.

Why reward a man for improving quality of life worldwide?!
:lol

[AlternativeAcc.]

What?

I said “I” would pay the workers more, reduce prices, and eat the loss out of my own money. This thread is a hypothetical what would you do with 200 billion dollars? Jeff can do whatever he wants. Lol.

You would drive Amazon into the ground because you're a retard.

His salary is 80,000. The majority of his net worth is tied to his Amazon stock.

Let me guess. You'd give that away to employees right? God you're an idiot lol

[msbutthurt]

Weed is amazing, gtfoh


It's alright. But when your username is based on smoking cali blunts and you claim if you had billions of dollars you'd just take a loss every year.... well, we don't have to worry about that person every having a billion dollars. It's highly unlikely they even have a thousand dollars in their bank account with comments like that. Going to end up like Antoine Walker and Allen Iverson only they never made money to lose like Walker and Iverson, forever broke.

[Shooter]

Yeah except your idea is bullshit and Bill Gates is an obvious example of why your theory doesn't hold water.

Bill Gates just... stopped. He was the richest person on Earth at one point and he definitely stopped gunning for it a long, long time ago.

Unless you believe that he's into vaccinations and the bio/viral fields to enslave humanity. There are thousands of other things he could have started to get into in order to increase his wealth but he just kinda stopped.

Eh.

Theory? I mean...It's facts, right? People that get to 50 billion or so don't have a lot of 'quit' in them. Don't take it too literal, you get the concept

[Norcaliblunt]

:lol

The funny thing is, he is VERY LIKELY benefitting off of the great system Amazon/Bezos created such as increased competition, fast shipping, highly accessible products, more money in pocket due to savings, shop from home, audible, video streaming, but he wants to tear it down and make it worse. Makes no sense.

If anything I’d be creating more wealth and competition doing what I said. Tear it down? Wtf you talking about?

[msbutthurt]

Weed is amazing, gtfoh

By the way... you're the one that loves communism, so why would I get out? I wonder how much weed is being produced and smoked in communist countries. Go visit, come back and let us know. I'm sure North Korea, China, Venezuela, Russia etc. are full of citizens smoking the pot.

[AlternativeAcc.]

Theory? I mean...It's facts, right? People that get to 50 billion or so don't have a lot of 'quit' in them. Don't take it too literal, you get the concept

Bill Gates worked insane hours early on and was very demanding on employees... same with Jobs...

You're right.. these guys have a mixture of intelligence and drive that most people can't even comprehend.

And a lot of them aren't primarily driven by money. That's why bill gates 'stopping' isn't surprising. He's now doing other shit that costs him money for the sake of trying to help humanity. Its not like he just lays in bed all day. He's still working his ass off in other areas.

[Norcaliblunt]

You would drive Amazon into the ground because you're a retard.

His salary is 80,000. The majority of his net worth is tied to his Amazon stock.

Let me guess. You'd give that away to employees right? God you're an idiot lol

OK I’m sorry I’d start a foundation and “donate” half my wealth to charity. You happy now?

[tpols]

You don't get as rich as Bezos or Musk by chasing Money. These guys don't chase money, they're genuinely trying to change the world. If bezos was just in it for money he wouldn't be funding a space company that likely won't be profitable in his lifetime.

Money is a factor for all humans but guys like musk and bezos are trying to create things that change the world forever. I dont think many people can relate to that mindset

Holding on to wealth and chasing wealth are two different things. Of course these guys will hold onto their wealth. They earned it.

Money is just the derivative of power. the more people you have under you, and in the right circumstance, the more money you will make.

Bezos isn't some intrinsic saint trying to benefit mankind... he's the individual embodiment of human beings taking over the world. but it wont last forever... humans are going to burn themselves out way faster than the dinosaurs or other species of life did.

[RRR3]

By the way... you're the one that loves communism, so why would I get out? I wonder how much weed is being produced and smoked in communist countries. Go visit, come back and let us know. I'm sure North Korea, China, Venezuela, Russia etc. are full of citizens smoking the pot.
Neither Venezuela nor Russia are Communist, you moron :lol

[BigKobeFan]

Dude started off flipping burgers at McDonald's. The true American Dream.


:applause:

White privilege

[msbutthurt]

Neither Venezuela nor Russia are Communist, you moron :lol

And Antifa aren't anti-fascist. You clearly don't understand that calling something one thing, clearly doesn't mean that's what it is. If Bernie was voted in as president for the Democratic president, would you say he is a democrat? If so, proves how gulling and brainwashed you are. Then again, we already knew that. You need one man that you want to have gay sex with to have full control over you and tell you what to think and do. I feel sorry for you. Keep smoking drugs and living off your parents, you're gonna go far kid. No go over to a communist s*** hole and dance f'er dance. You deserved to be born in North Korea.

[AlternativeAcc.]

Money is just the derivative of power. the more people you have under you, and in the right circumstance, the more money you will make.

Bezos isn't some intrinsic saint trying to benefit mankind... he's the individual embodiment of human beings taking over the world. but it wont last forever... humans are going to burn themselves out way faster than the dinosaurs or other species of life did.
I didn't imply he was a Saint. Every human is inherently selfish.

The point is that guys like bezos and musk have a deeper meaning than just accumilating money and power. Theyre passionate about changing the world and being remembered for it. It goes much deeper than money.

[Shooter]

If anything I’d be creating more wealth and competition doing what I said. Tear it down? Wtf you talking about?

Amazon breeds innovation and competition by pushing the envelope. By always wanting 'more' and thus more money for bad man Bezos. If they did not work to push themselves perhaps we never would have gotten to where we already are to begin with. Perhaps under the NorCaliBlunt Amazon model you would have 'shut it down' as soon as you took out Borders and we never would have gotten Amazon Prime or Global distribution on the scale we currently enjoy. Amazon helps the economy. A lot. It creates jobs, breeds competition, and stretches the value of your dollar with lower priced items.

[Nanners]

Bill Gates just... stopped. He was the richest person on Earth at one point and he definitely stopped gunning for it a long, long time ago.


Bill Gates was worth $53b when he announced his charity pledge in 2010... 10 years later in 2020 and Dr Bill is still the second wealthiest person on the planet with a net worth of 110b.

When exactly did he stop gunning for it?

[tpols]

I didn't imply he was a Saint. Every human is inherently selfish.

The point is that guys like bezos and musk have a deeper meaning than just accumilating money and power. Theyre passionate about changing the world and being remembered for it. It goes much deeper than money.

There's nobody in the history of earth that will be remembered forever.

In 500 years... people of that day wont know who michael jordan was. and unless bezos becomes some world emperor, same thing.

It's a fleeting pursuit when you consider the scale of time.

[AlternativeAcc.]

There's nobody in the history of earth that will be remembered forever. In 500 years... people of that day wont know who michael jordan was. It's a fleeting pursuit.

Survival mechanisms are deeply embedded in us. Every pursuit is fleeting because life if fleeting. Doesnt mean we'll stop trying - that literally would be going against nature

Humans will survive very long because we will merge with technology and travel to other planets. Guys like musk and bezos are actually helping to prolong the species with innovations. Money is a tool for them that they are using for the species own good. That is what is happening whether you like it or not.

[tpols]

Bill Gates was worth $53b when he announced his charity pledge in 2010... 10 years later in 2020 and Dr Bill is still the second wealthiest person on the planet with a net worth of 110b.

When exactly did he stop gunning for it?

that fella just has a knack for being contrarian towards me. it might go both ways. either way, bill gates work game for power hasn't weened in the slightest.

[Shooter]

Survival mechanisms are deeply embedded in us. Every pursuit is fleeting because life if fleeting. Doesnt mean we'll stop trying - that literally would be going against nature

Humans will survive very long because we will merge with technology and travel to other planets. Guys like musk and bezos are actually helping to prolong the species with innovations. Money is a tool for them that they are using for the species own good. That is what is happening whether you like it or not.

+1

That is the reason why Elon Musk priced his Model S so high at the beginning. Not because he was an evil man that wanted all the monies, but because he knew he had to generate a ton of cash in order to have enough to reinvest and venture into other avenues.

If he sold the Model S for far less then he would not have been able to make the Model 3, Cyber Truck, Space X, etc. People like us get it, but the average public consumer doesn't have a clue.

"wHy iS tHe tEsLa moDeL S sO muCh, sHouLd bE fReE!"

These people don't get it.

[Shogon]

Bill Gates was worth $53b when he announced his charity pledge in 2010... 10 years later in 2020 and Dr Bill is still the second wealthiest person on the planet with a net worth of 110b.

When exactly did he stop gunning for it?

He hit over 100 billion in net worth in 1999.

You're conflating him gunning for increased wealth with stock market fluctuations.

Where are all these new projects and new ventures he's gotten into, in terms of the goal being monetary gain if he's still gunning for wealth specifically?

On a side note, unrelated to you specifically... by the way, if you guys can't figure out that the stock market is a direct indicator of the amount of inflation of the USD we're seeing, then you guys are asleep in terms of monetary policy. Not that I didn't already know that. Asset prices have skyrocketed including the market. That's not truly increased wealth and value. It's the USD going to shit.

[tpols]

He hit over 100 billion in net worth in 1999.

You're conflating him gunning for increased wealth with stock market fluctuations.

Where are all these new projects and new ventures he's gotten into, in terms of monetary gain if he's still gunning for wealth specifically?

On a side note, unrelated to you specifically... by the way, if you guys can't figure out that the stock market is a direct indicator of the amount of inflation of the USD we're seeing, then you guys are asleep in terms of monetary policy. Not that I didn't already know that. Asset prices have skyrocketed including the market. That's not truly increased wealth and value. It's the USD going to shit.

Power.

Once you make enough money it turns into purely that.

Because you've exceeded the basic threshold for the highest standard of living, one thousand fold.

Bill Gates isn't sitting at home eating ice cream all day and watching movies. He's still at work.

[AlternativeAcc.]

+1

That is the reason why Elon Musk priced his Model S so high at the beginning. Not because he was an evil man that wanted all the monies, but because he knew he had to generate a ton of cash in order to have enough to reinvest and venture into other avenues.

If he sold the Model S for far less then he would not have been able to make the Model 3, Cyber Truck, Space X, etc. People like us get it, but the average public consumer doesn't have a clue.

"wHy iS tHe tEsLa moDeL S sO muCh, sHouLd bE fReE!"

These people don't get it.

Exactly.

If he was simply just motivated by money he would've stopped after making 150million in the PayPal deal.

Instead he invested most of his networth into space x and tesla. He barely had money for rent.

People solely motivated by money become stock brokers and real estate agents.

People passionate about technology and changing the world become billionaires.

Its a paradox, because if they were just chasing money they would've made significantly less.

Obviously they are motivated by something much deeper than money, but I guess the average ISH user can't comprehend that.

[Shooter]

Power.

Once you make enough money it turns into purely that.

Because you've exceeded the basic threshold for the highest standard of living, one thousand fold.

Bill Gates isn't sitting at home eating ice cream all day and watching movies. He's still at work.

He is definitely focused on power, no doubt about it.

[Patrick Chewing]

Neither Venezuela nor Russia are Communist, you moron :lol

Jeff Bezos Net Worth: $190 Billion


RRR3 Net Worth: $0.00 + WoW & Magic Card Collection

[Nanners]

He hit over 100 billion in net worth in 1999.

You're conflating him gunning for increased wealth with stock market fluctuations.

Where are all these new projects and new ventures he's gotten into, in terms of the goal being monetary gain if he's still gunning for wealth specifically?

On a side note, unrelated to you specifically... by the way, if you guys can't figure out that the stock market is a direct indicator of the amount of inflation of the USD we're seeing, then you guys are asleep in terms of monetary policy. Not that I didn't already know that. Asset prices have skyrocketed including the market. That's not truly increased wealth and value. It's the USD going to shit.

I would agree that stock market fluctuations play a huge role in Dr Bills wealth, but not many billionaires had their net worth increase by more than double over the past decade... if they had, Bill Gates wouldnt be the second wealthiest person on the planet right now.

The only way anyone comes into posession of tens of billions of dollars is through inheritance (fairly rare but there are some examples - walton family), or running a major company like a total sociopath. People like Gates and Beezos who relentless seek wealth are mentally deranged... for them wealth is just a competition, and whoever gets the highest score is the greatest player.

[kabar]

Exactly.

If he was simply just motivated by money he would've stopped after making 150million in the PayPal deal.

Instead he invested most of his networth into space x and tesla. He barely had money for rent.

People solely motivated by money become stock brokers and real estate agents.

People passionate about technology and changing the world become billionaires.

Its a paradox, because if they were just chasing money they would've made significantly less.

Obviously they are motivated by something much deeper than money, but I guess the average ISH user can't comprehend that.

Yep, the people who end up really rich are the nerds tinkering with their breadboards and raspberry pi's, finding a need and engineering a solution after their 9 to 5.

[Nanners]

Jeff Bezos Net Worth: $190 Billion


RRR3 Net Worth: $0.00 + WoW & Magic Card Collection

considering what magic cards are going for these days, rrr3 might not actually be that far off from bezos if he has been collecting for a decade or two

[tpols]

Yep, the people who end up really rich are the nerds tinkering with their breadboards and raspberry pi's, finding a need and engineering a solution after their 9 to 5.

The Nikola Tesla's of the modern world.

from what i've studied on tesla, he was the opposite of a money grubbing, power hungry CEO. Other dudes used to steal off him constantly.

He was simply brilliant and passionate about his scientific work. Not even close to the fellas were talking about now in terms of disposition.

[Patrick Chewing]

considering what magic cards are going for these days, rrr3 might not actually be that far off from bezos if he has been collecting for a decade or two

damn it

[kabar]

from what i've studied on tesla, he was the opposite of a money grubbing, power hungry CEO. Other dudes used to steal off him constantly.

He was simply brilliant and passionate about his scientific work. Not even close to the fellas were talking about now in terms of disposition.

That's why I edited it. Tesla was poor and eccentric, the point of my post was delivering technology to the masses is the fastest way to get to the top.

[Shogon]

It doesn't take a genius to see that someone like Elon Musk is motivated by more than money.

The level of drive in guys like Musk & Bezos basically translated to the fact that they will never truly be happy. Well, Elon might be happy if we reach Mars on his watch... maybe.

That level of drive is a deeply unhealthy thing on a personal level. The rest of us may benefit immensely, but for them personally? Beyond deeply unhealthy. It does make you wonder if they were born with it or if environmental factors contributed heavily to the drive... or both. One may never know for sure.

[Nanners]

Elon might be a psycho, but my god does he make a phenomenal vehicle. I wouldnt trade my model 3p for anything else on the road (other than something that was vastly more valuable, which I would immediately sell and use some of the profits to buy another model 3 performance)

Its not a fluke that Teslas stock is doing what its been doing, they are lapping their competition right now. Kind of reminds me of apple when they came out with the ipod (RIP Zune)... the "competitors" just seem kind of silly in comparison.

[Shooter]

from what i've studied on tesla, he was the opposite of a money grubbing, power hungry CEO. Other dudes used to steal off him constantly.

He was simply brilliant and passionate about his scientific work. Not even close to the fellas were talking about now in terms of disposition.

Tesla was unprofitable in 2015, 2016, 2017, 2018, 2019, and still unprofitable (thus far) in 2020.

TESLA - Net Profit Margin
2015: -22.0%
2016: -9.6%
2017: -16.7%
2018: -4.5%
2019: -3.5%
2020: -0.6%

[Shooter]

considering what magic cards are going for these days, rrr3 might not actually be that far off from bezos if he has been collecting for a decade or two


damn it


Cha-ching

https://i.postimg.cc/t4gC5LF6/value.png

[tpols]

Tesla was unprofitable in 2015, 2016, 2017, 2018, 2019, and still unprofitable (thus far) in 2020.

TESLA - Net Profit Margin
2015: -22.0%
2016: -9.6%
2017: -16.7%
2018: -4.5%
2019: -3.5%
2020: -0.6%

jeez man... im talking about nikola. :facepalm

[Patrick Chewing]

Cha-ching

https://i.postimg.cc/t4gC5LF6/value.png

Nah he ain't that smart.

[Nanners]

Tesla was unprofitable in 2015, 2016, 2017, 2018, 2019, and still unprofitable (thus far) in 2020.

TESLA - Net Profit Margin
2015: -22.0%
2016: -9.6%
2017: -16.7%
2018: -4.5%
2019: -3.5%
2020: -0.6%

Who cares?

Amazon took 10 years to report their first profit (and they were mainly just selling books online at that point, not building ****ing cars)... yet now they own the world

[Shogon]

Yeah the short sellers of tsla are morons. I tried to convince my entire family to get in under 300, and none of them did.

The only real uncertainties with tsla at the moment are Elon Musk not dying and the US/global economies not completely collapsing, which is a valid concern, but not that much of one when you realize that if that happens, none of it matters anyways.

[Norcaliblunt]

Amazon breeds innovation and competition by pushing the envelope. By always wanting 'more' and thus more money for bad man Bezos. If they did not work to push themselves perhaps we never would have gotten to where we already are to begin with. Perhaps under the NorCaliBlunt Amazon model you would have 'shut it down' as soon as you took out Borders and we never would have gotten Amazon Prime or Global distribution on the scale we currently enjoy. Amazon helps the economy. A lot. It creates jobs, breeds competition, and stretches the value of your dollar with lower priced items.

The question what was what would you do if you were Bezos level? 200 billion. Lol. What part of that don’t you understand?

But my bad I’m sorry for offending you. I’d start a foundation and “donate” half my wealth to help fight climate change.

[tpols]

Tesla claimed that he worked from 3 a.m. to 11 p.m., no Sundays or holidays excepted. He was "mortified when [his] father made light of [those] hard won honors." After his father's death in 1879, Tesla found a package of letters from his professors to his father, warning that unless he were removed from the school, Tesla would die through overwork.

this shit is incredible. I do believe ambition is genetic and circumstantial.

[Norcaliblunt]

Tesla was unprofitable in 2015, 2016, 2017, 2018, 2019, and still unprofitable (thus far) in 2020.

TESLA - Net Profit Margin
2015: -22.0%
2016: -9.6%
2017: -16.7%
2018: -4.5%
2019: -3.5%
2020: -0.6%

So Telsa is doing what I said? What? Lol.

[tpols]

Yeah the short sellers of tsla are morons. I tried to convince my entire family to get in under 300, and none of them did.

The only real uncertainties with tsla at the moment are Elon Musk not dying and the US/global economies not completely collapsing, which is a valid concern, but not that much of one when you realize that if that happens, none of it matters anyways.

i know we're all ****ed but can you explain the specific mechanism for how the total global economy collapses in the near future?

[Shooter]

Who cares?

Amazon took 10 years to report their first profit (and they were mainly just selling books online at that point, not building ****ing cars)... yet now they own the world

That's the point we are making in this thread. They don't care about money as much they care about improving the world and obviously increasing market share and discouraging competition from trying to compete.

[Shooter]

So Telsa is doing what I said? What? Lol.

No...They are reinvesting

[imdaman99]

https://thumbs.gfycat.com/WindyGlossyIcelandicsheepdog-size_restricted.gif

Swimming in coins hurts! And you stink afterwards. Is that a safe assumption :lol

[warriorfan]

By the way... you're the one that loves communism, so why would I get out? I wonder how much weed is being produced and smoked in communist countries. Go visit, come back and let us know. I'm sure North Korea, China, Venezuela, Russia etc. are full of citizens smoking the pot.

:roll:

“This time it’s going to be different. I’m going to have money, food, and weed”

[Shogon]

That's the point we are making in this thread. They don't care about money as much they care about improving the world and obviously increasing market share and discouraging competition from trying to compete.

The second half of that second sentence is false. Elon has stated many times his goal with Tesla is to push the entire automotive industry to move to electric.

[bladefd]

First trillionaire is probably going to be Bezos or Musk. Musk will skyrocket in net worth to Bezos level once SpaceX, his tunnel boring company and the AI company he has stakes in all go public. Currently they are private companies not on the stock market

[warriorfan]

Elon + Gates + Benzos combined don’t hold a candle to Jonas Salk. He saved countless millions of lives with his polio vaccine and gave it away for free.

[Patrick Chewing]

I'm curious to know how much guys like Bezos and Musk spend on themselves on a yearly basis. You know, for like groceries and every day items and such.

And also, do you think they look at items such as a new TV they want to buy, but hesitate on buying it cause they think they saw it elsewhere for a better price? You know, like what we do.

[Norcaliblunt]

No...They are reinvesting

And one could reinvest by hooking their employees up while also reducing the cost of products. You wouldn’t even have to stop innovating or take a loss. You could just take the money you’d normally give to “charity” or put into a foundation and then give it to the workers and subsidize the cost on some of the products. That’s creating wealth and helping the world.

[bladefd]

I'm curious to know how much guys like Bezos and Musk spend on themselves on a yearly basis. You know, for like groceries and every day items and such.

And also, do you think they look at items such as a new TV they want to buy, but hesitate on buying it cause they think they saw it elsewhere for a better price? You know, like what we do.

They probably tell their assistant: go buy me a nice new 80" tv. Take what money you need out of my account and I want the tv by Monday in that corner over there with the controller on a new sofa that would fit the room. Goodbye, cya. That's it lol. No discussion of money or anything

[Horatio33]

Always amazes me how people who have virtually nothing compared to Bezos defend him and his company exploiting workers. He laughs at normal people like us and wouldn't give us the steam off his piss but people worship someone who makes people in the same economic situation worse off.

[AlternativeAcc.]

Always amazes me how people who have virtually nothing compared to Bezos defend him and his company exploiting workers. He laughs at normal people like us and wouldn't give us the steam off his piss but people worship someone who makes people in the same economic situation worse off.
Yet you'll order your shampoo on Amazon prime and be happy when it arrives at your door the next day.

People who work at Amazon know what they're signing ufor. Most of them are rejects with no credentials yet get paid double the minimum wage for unskilled work.

Its always hilarious to see people like you worship athletes that make it to the top of their field but label people who succeed in the business world as evil and bad for society.

God forbid someone creates a business that makes people's lives more convenient. those poor poor high school dropout warehouse workers :(

[Patrick Chewing]

Those Amazon delivery drivers look happy as **** to me.

[RRR3]

Yet you'll order your shampoo on Amazon prime and be happy when it arrives at your door the next day.

People who work at Amazon know what they're signing ufor. Most of them are rejects with no credentials yet get paid double the minimum wage for unskilled work.

Its always hilarious to see people like you worship athletes that make it to the top of their field but label people who succeed in the business world as evil and bad for society.

God forbid someone creates a business that makes people's lives more convenient. those poor poor high school dropout warehouse workers :(
Considering how capitalism works, this isn’t really the “gotcha!” statement you think it is. It’s impossible to be an ethical consumer under our system.

[Norcaliblunt]

So what would you rather have a mega rich person do? Save Africa, save the polar bears, or hook up your fellow Americans with a little more?

[AlternativeAcc.]

Considering how capitalism works, this isn’t really the “gotcha!” statement you think it is. It’s impossible to be an ethical consumer under our system.

I didn't think it was a gotcha statment, just pointing out that he's a hypocrite who supports Amazon, enjoys their services, but cries about Bezos supposedly treating his employees like shit. (even though bezos doesn't deal with any lower level employees or control any aspect of their jobs and probably hasn't for a decade)

He's an idiot and a hypocrite.

[Norcaliblunt]

I agree people vote with their dollars. If all the people who bitch about large corporations just didn’t support them buy giving them their money they could leverage some power back.

[RRR3]

I didn't think it was a gotcha statment, just pointing out that he's a hypocrite who supports Amazon, enjoys their services, but cries about Bezos supposedly treating his employees like shit. (even though bezos doesn't deal with any lower level employees or control any aspect of their jobs and probably hasn't for a decade)

He's an idiot and a hypocrite.
I disagree. Refusing to buy goods from companies you don’t like can limit your ability to get your desired goods, and in the case of massive corporations like amazon, is a hollow symbolic gesture done mainly for the person to feel good about themselves in many cases. Boycotting Amazon doesn’t fix the root problem here which is the vast disparity in income amongst American citizens. Bezos isn’t the cause of the problem, but he is a symptom of it.

[Shooter]

Yet you'll order your shampoo on Amazon prime and be happy when it arrives at your door the next day.

People who work at Amazon know what they're signing ufor. Most of them are rejects with no credentials yet get paid double the minimum wage for unskilled work.

Its always hilarious to see people like you worship athletes that make it to the top of their field but label people who succeed in the business world as evil and bad for society.

God forbid someone creates a business that makes people's lives more convenient. those poor poor high school dropout warehouse workers :(

Ouch. Murder scene :lol

[Norcaliblunt]

Unless you’re buying from a brick and mortar business they own and don’t realize it, racing to the bottom for low prices, or buying an item you can’t find anywhere like a specific book or novelty item it’s easy to not fck with Amazon. It’s people who do buy shit like shampoo from them who are bitches salting up the game. First off fck shampoo you can wash your hair with lemon juice and your hair would be better and you’d stop supporting chemical companies as well, but if you are gonna buy it go to the ****ing store you lazy bitch.

[KD7]

People in this thread throwing temper tantrums because someone is way more successful than them :lol

He started off in the same position as everyone else .

[Shooter]

Unless you’re buying from a brick and mortar business they own and don’t realize it, racing to the bottom for low prices, or buying an item you can’t find anywhere like a specific book or novelty item it’s easy to not fck with Amazon. It’s people who do buy shit like shampoo from them who are bitches salting up the game. First off fck shampoo you can wash your hair with lemon juice and your hair would be better and you’d stop supporting chemical companies as well, but if you are gonna buy it go to the ****ing store you lazy bitch.

I see. One of those.

[Norcaliblunt]

People in this thread throwing temper tantrums because someone is way more successful than them :lol

He started off in the same position as everyone else .


People are throwing temper tantrums over me saying I’d pay workers more instead of starting a foundation and trying to “save the planet”. Big LOL.

[Nanners]

People in this thread throwing temper tantrums because someone is way more successful than them :lol

He started off in the same position as everyone else .

Yeah, everyone starts life in a wealthy family and has grandparents who own a 290,000 acre texas ranch... bezos truly started out just like everyone else :oldlol:

http://republicranches.com/wp-content/uploads/2015/03/2015-Texas-Ten.pdf

[msbutthurt]

https://www.youtube.com/watch?v=PeihcfYft9w

[Nanners]

get your hand off my *****!

[AlternativeAcc.]

I disagree. Refusing to buy goods from companies you don’t like can limit your ability to get your desired goods, and in the case of massive corporations like amazon, is a hollow symbolic gesture done mainly for the person to feel good about themselves in many cases. Boycotting Amazon doesn’t fix the root problem here which is the vast disparity in income amongst American citizens. Bezos isn’t the cause of the problem, but he is a symptom of it.

If that's the problem, what's the solution?


Why are people like... wait whats his name? Why are people like the guy we're talking about ok with athletes making a shit ton of money for throwing balls in baskets but think guys who creates jobs for millions of americans, and make life more convenient for many more millions of americans evil and shouldn't be talked about in a positive light? It's ok to talk about actors, athletes, and other celebrities in a positive light but the people who actually are attempting to change the world in a positive way are just flatout evil because they have more money than anyone else.

Succeeding at business is looked down upon by people like him and I fail to see why... If you think our system is ass backwards than blame the system. Fine. But why blame a guy for playing the game better than anyone else because of absurd intelligence levels and hard work? I just don't understand the logic.

[Norcaliblunt]

Why hasn’t anyone answered the OP? Lol.

[Nanners]

Why hasn’t anyone answered the OP? Lol.

I answered in detail, with a multi-step plan...

[Norcaliblunt]

I answered in detail, with a multi-step plan...

And you answered it quite well I must admit.

[AlternativeAcc.]

Yeah, everyone starts life in a wealthy family and has grandparents who own a 290,000 acre texas ranch... bezos truly started out just like everyone else :oldlol:

http://republicranches.com/wp-content/uploads/2015/03/2015-Texas-Ten.pdf

His family was middle class

They did loan him like 300k(their life savings at that point) to help fund Amazon though. So he did have more resources than most I guess...


still doesn't explain his fascination with computers and rockets, and him achieving a 4.2 GPA in Electrical Engineering at Princeton. And becoming a VP of a successful hedge fund at age 30... and him quitting that well paying job to start Amazon from his garage

None of that is normal no matter what situation you grow up in. And he grew up middle class, so again, not sure what point you were trying to make


EDIT: oh, I see you misread and thought Bezos grandparents owned a 290,000 acre ranch...lol. Bezos bought that land after he became rich for Blue Origin operations.

[Kblaze8855]

Always amazes me how people who have virtually nothing compared to Bezos defend him and his company exploiting workers. He laughs at normal people like us and wouldn't give us the steam off his piss but people worship someone who makes people in the same economic situation worse off.


Serious question and I’m hoping you may have an answer since you seem interested in the subject.....


Does any large retailer pay it’s unskilled workers better?

I know Target went to a 15 dollar minimum recently.

Anyone other than amazon beating that out on a large scale for something other than factory line work? BMW here starts around 20 an hour but not for the warehouse and receiving guys. They are at 17.

[Nanners]

EDIT: oh, I see you misread and thought Bezos grandparents owned a 290,000 acre ranch...lol. Bezos bought that land after he became rich for Blue Origin operations.


thanks for catching that, it seems that bezos grandfathers ranch was a pathetic 25,000 acres

https://www.agweb.com/article/worlds-richest-man-learned-work-ethic-as-a-kid-on-a-cattle-ranch-

anyway bezos is def middle class, no doubt every middle class kid gets a 300,000 loan from their family

[KD7]

thanks for catching that, bezos grandfathers ranch was a pathetic 25,000 acres

https://www.agweb.com/article/worlds-richest-man-learned-work-ethic-as-a-kid-on-a-cattle-ranch-
He went from flipping burgers to becoming CEO of one of the biggest companies on the planet

If Bezos can do it anyone can. People need to stop whining about income disparity like it's impossible to go from poor to rich

[AlternativeAcc.]

thanks for catching that, it seems that bezos grandfathers ranch was a pathetic 25,000 acres

https://www.agweb.com/article/worlds-richest-man-learned-work-ethic-as-a-kid-on-a-cattle-ranch-

anyway, no doubt bezos is middle class, after all every middle class kid gets a 300,000 loan from their family

That loan was given to him when he was in his 30's and a proven winner. His family trusted him so they gave him their life savings.

It's obvious Bezos had more help than most (not financially, but having role models in his youth teaching him to be resourceful)

But he still grew up middle class and earned his way with mostly hard work and intelligence. Which I guess works against the point you're trying to make by implying Bezos only made it where he is because he grew up wealthy.

[RRR3]

Why should anyone get paid more than anyone else? It doesn’t matter if there are rare instances of poor people becoming rich, the vast majority of people in poverty are stuck there because of the system we have.

[msbutthurt]

I would try to find multiple countries that would sell out their people and let me be their leader because I'm rich. I would keep their military but cut a deal with the U.S. left and the UK left to trade our citizens for Trump/Brexit supporters, that way the left gets the diversity they want and Trump/Brexit supporters can live in a land of the free with sane people. Countries filled responsible gun owners. People responsibly having sex, so they don't need a doctor to murder their baby. Countries where people know their gender. With newly acquired countries made up of Trump/Brexit supporters, walls would be built around the countries. As the countries flourish, continue the process of making more deals with countries to sell out their people and swap them out with Trump/Brexit supporters. Basically, just keep taking over countries until there are a bunch of conservative Trump-esque countries leaving the U.S. with zero Trump supporters. U.S. progressive dream come true. No conservatives and melting pot of every country, made up of 300 million people that speak 100 different languages. What could possibly go wrong? Please press 58 to hear your electric bill in klingon. Trump can freely live in any country of his choice since the U.S. would be totally messed up with and he definitely wouldn't want to stay there.

The world is now a better place.... multiple free capitalist countries and armies modeled after the U.S. And all of the crazy leftist and extremists from around the world can be stuck in the U.S. together. Of course before Trump and all the conservative military leave to join the new countries, they slowly dismantle the military and take away weapons as to not leave the crazy progressives with weapons. Odds are they would accidentally shoot each other. Or get angry about liking cats over dogs, so they start shooting each other. There wouldn't be anymore conservatives to blame, so they would turn each other. Maybe leave them the military and guns afterall.... they will just drop bombs on each other if they can't get the person they disagreed with fired or kicked off the air.

The world would be better if there were multiple USA's made up solely of Trump/Brexit conservatives and all of the crazy progressives were all thrown into the USA. The other USA's can reclaim the original USA after the progressives eat their own and blow themselves up.

[KD7]

Why should anyone get paid more than anyone else? It doesn’t matter if there are rare instances of poor people becoming rich, the vast majority of people in poverty are stuck there because of the system we have.
There is no such thing as being "stuck" in poverty tho

They're plenty of examples of people coming from poor working class families and becoming multi millionaires you just have to work hard for it or get lucky

If someone offers more to society then that should reflect in how much they earn. Why should someone that flips burgers make the same amount as a lawyer :oldlol:

[Nanners]

And you answered it quite well I must admit.

glad you enjoyed it :oldlol:

[msbutthurt]

Why should anyone get paid more than anyone else? It doesn’t matter if there are rare instances of poor people becoming rich, the vast majority of people in poverty are stuck there because of the system we have.

Because anyone can be a janitor or make sub sammiches. Not everybody is capable of being an engineer or a programmer or a doctor.

Plus, people that created businesses weren't guaranteed to be successful. They have to put a lot of money into getting everything setup to run a business and they take the risk year in, year out. Supplies required for construction > supplies required for stocking shelves with items someone else paid for at the risk of losing money if they don't sell them. All the person stocking shelves did was show up to put it on a shelf, they get guaranteed paid and aren't at risk to lose money.

Sounds like now that everything has been built by other, you feel like you deserve to just automatically get an equal piece of all of it.... so who owns sports teams in this society? Does every fan get to be 1/1000000millionth of a vote on how to sign?

Communism/Socialism sucks. It makes no sense.

I guess cross your fingers if you break the law you get one of the top lawyers and not one of the worst lawyers since they'll get paid the same regardless of their ability to be a good lawyer.

[AlternativeAcc.]

Why should anyone get paid more than anyone else? It doesn’t matter if there are rare instances of poor people becoming rich, the vast majority of people in poverty are stuck there because of the system we have.

Because if nobody gets paid more, we don't have engineers, doctors, or innovators. We don't even have a country.

[Nanners]

That loan was given to him when he was in his 30's and a proven winner. His family trusted him so they gave him their life savings.

It's obvious Bezos had more help than most (not financially, but having role models in his youth teaching him to be resourceful)

But he still grew up middle class and earned his way with mostly hard work and intelligence. Which I guess works against the point you're trying to make by implying Bezos only made it where he is because he grew up wealthy.

Nah, I think ultimately Bezos fortune is almost entirely due to his hard work, intelligence, and his endless sociopathic lust for more and more money.

The point I was trying to make is that most "middle class" families dont own 25k acre ranches or have an extra $300,000 to throw around...

[AlternativeAcc.]

Nah, I think ultimately Bezos fortune is almost entirely due to his hard work, intelligence, and his endless sociopathic lust for more and more money.

The point I was trying to make is that most "middle class" families dont own 25k acre ranches or have an extra $300,000 to throw around...
Well I guess we mostly agree then lol.

I just don't have the same disdain for billionaire innovators like you do, which is fine. To each their own. :cheers:

[Nanners]

Well I guess we mostly agree then lol.

I just don't have the same disdain for billionaire innovators like you do, which is fine. To each their own. :cheers:

I dont hate all billionaires... I respect Elon Musk (thanks for the awesome car) and that young Kardarshian broad (the one who goes by Jenner)... and theres no question that Donald Trump is a bad ass

Considering your respect for billionaire innovators, I imagine we are on the same page about these 3 inspiring figures :cheers:

edit: I forgot to mention Kanye, a billionaire who is arguably the most innovative human of all time (he would argue it at least)

[Horatio33]

Serious question and I’m hoping you may have an answer since you seem interested in the subject.....


Does any large retailer pay it’s unskilled workers better?

I know Target went to a 15 dollar minimum recently.

Anyone other than amazon beating that out on a large scale for something other than factory line work? BMW here starts around 20 an hour but not for the warehouse and receiving guys. They are at 17.

Its not just the pay its the working conditions. Here in the UK Amazon warehouse staff are so worried about losing their jobs they don't take toilet breaks and pee in bottles in the warehouse so they don't lose time that they have to fill orders. One woman gave birth at work because she was frightened that if she took the time off to have the baby should would lose her job. Other workers walk round with flu and pass it on to others as they don't want to take time off and lose the job. Those warehouses are breeding grounds for illness.

This lack of respect for workers is creeping in and becoming normal in workplaces across the world where profit matters over everything and the workers are expendable.

[Norcaliblunt]

It’s not just the warehouse workers. You could pay everyone more. Funny how you all assume it’s only the unskilled labor. But everyone in middle management and on up can receive some of this charity that isn’t going to the foundation.

[KD7]

It’s not just the warehouse workers. You could pay everyone more. Funny how you all assume it’s only the unskilled labor. But everyone in middle management and on up can receive some of this charity that isn’t going to the foundation.
But why as a owner would you pay your workers more money when you have people willing to work at the amount that you're currently paying them.

That makes zero sense from a business perspective

[Shooter]

It’s not just the warehouse workers. You could pay everyone more. Funny how you all assume it’s only the unskilled labor. But everyone in middle management and on up can receive some of this charity that isn’t going to the foundation.

Their profit margins fall under that sweet spot of 30-40% which is typical for a 'well run' company (think Apple, Coke, Samsung, etc). Do you think that the pay structures Amazon has set in place is part of why they are so successful?

[Shooter]

Why should anyone get paid more than anyone else? It doesn’t matter if there are rare instances of poor people becoming rich, the vast majority of people in poverty are stuck there because of the system we have.

What? :lol

[msbutthurt]

But why as a owner would you pay your workers more money when you have people willing to work at the amount that you're currently paying them.

That makes zero sense from a business perspective



I think he prefers inflation and the belief that people are being paid more money. What actually happens is candy bars now cost 5 dollars. Movie theater tickets will be like 30 dollars and a bucket of popcorn will be 20 dollars. In the 90's full size sized candy bars were only 25 cents. Then 50 cents. then 75... that's how inflation works.

[Nanners]

I think he prefers inflation and the belief that people are being paid more money. What actually happens is candy bars now cost 5 dollars. Movie theater tickets will be like 30 dollars and a bucket of popcorn will be 20 dollars. In the 90's full size sized candy bars were only 25 cents. Then 50 cents. then 75... that's how inflation works.

Where the hell did you grow up? full sized candy from the movie theatre in the 90s cost like $2+ in my town... not that I ever paid those absurd prices, my parents taught me the importance of sneaking food into the theatre at a very young age

[KD7]

What? :lol
He's a communist

he wants a society where Janitors make the same amount of money as doctors :facepalm

[KD7]

I think he prefers inflation and the belief that people are being paid more money. What actually happens is candy bars now cost 5 dollars. Movie theater tickets will be like 30 dollars and a bucket of popcorn will be 20 dollars. In the 90's full size sized candy bars were only 25 cents. Then 50 cents. then 75... that's how inflation works.

Exactly, a universal increase in wages would just lead inflation

[JEFFERSON MONEY]

Nah, I think ultimately Bezos fortune is almost entirely due to his hard work, intelligence, and his endless sociopathic lust for more and more money..

That's incorrect.

[msbutthurt]

Where the hell did you grow up? full sized candy from the movie theatre in the 90s cost like $2+ in my town... not that I ever paid those absurd prices, my parents taught me the importance of sneaking food into the theatre at a very young age



I meant at the gas station and grocery stores. The movie thing was separate. Because movie tickets and snacks are like double if not triple the price of what it was in the 90's. Wages increase but so do prices of items, so it balances itself out and people aren't actually coming out ahead just because they make more. If it you have to pay factory workers more money, then the item being produced will cost more to pay their wage increase. It's a circle.

[Nanners]

I meant at the gas station and grocery stores. The movie thing was separate. Because movie tickets and snacks are like double if not triple the price of what it was in the 90's. Wages increase but so do prices of items, so it balances itself out and people aren't actually coming out ahead just because they make more. If it you have to pay factory workers more money, then the item being produced will cost more to pay their wage increase. It's a circle.

someone is definitely coming out ahead... me, and my pile of cheap candy

[Norcaliblunt]

But why as a owner would you pay your workers more money when you have people willing to work at the amount that you're currently paying them.

That makes zero sense from a business perspective


The thread is about charity, a passion project, helping humanity not business.

Why use your money to try to save the world which isn’t going to happen when you can pay your workers more and make a real difference?

[Norcaliblunt]

Wtf is wrong with you guys? The thread about is about taking your money and doing something with it. Wtf is so bad about someone spending their money on their employees instead of giving it to charity? Really? Lol. You would have a problem if whatever corporation you work for did this?

[Nanners]

Wtf is wrong with you guys? The thread about is about taking your money and doing something with it. Wtf is so bad about someone spending their money on their employees instead of giving it to charity? Really? Lol. You would have a problem if whatever corporation you work for did this?

What kind of stupid asshole capitalist spends their money trying to help their employees when they could use that money to buy a bigger yacht or another private plane? Your rhetoric about helping people is blatantly anti-american...

[RRR3]

Wtf is wrong with you guys? The thread about is about taking your money and doing something with it. Wtf is so bad about someone spending their money on their employees instead of giving it to charity? Really? Lol. You would have a problem if whatever corporation you work for did this?
Why are you trying to reason with bootlickers?

[Shogon]

What kind of stupid asshole capitalist spends their money trying to help their employees when they could use that money to buy a bigger yacht or another private plane? Your rhetoric about helping people is blatantly anti-american...

Obviously you're being sarcastic but this may be the single biggest failure of large corporations. The companies would be far healthier and have a far better outlook if they actually reinvested in their employees.

Here's what happens, generally speaking, in a nutshell.

A corporation gets to be gigantic by wiping out competition because when they were originally founded, the owner had a vision... or someone else came along after the owner that had a vision, and it was to deliver a great customer experience in whatever medium that looks like.

Well, the owner or that person dies off or retires... and some asshole in a suit that only cares about short term profitability bleeds the company for every last ounce of blood... because at the end of the day, they don't care about the long term health of the company and they certainly don't care about the employees. It's tried and true. As sure as the sun setting.

How many corporations have maintained for 50+ years and kept offering the same service they once did, treating their employees as good as they once did? Few and far between. Very, very few.

[Kblaze8855]

Wtf is wrong with you guys? The thread about is about taking your money and doing something with it. Wtf is so bad about someone spending their money on their employees instead of giving it to charity? Really? Lol. You would have a problem if whatever corporation you work for did this?



Thinking about it from a selfish point of view of course what anyone would want is their job to pay them more. But when you are talking money on this level.....and solving problems? Thats not gonna do very much. Bezos is gonna be alive for like 20-30 years. Say he raises employee pay at the expense of the stock price so his value drops(or more likely...just raises slower). You get happier maybe more productive employees. Great.

Then you die....the board or whoever follows you does what most big companies do eventually....realize they can cut pay for the same job and still have people lined up to apply.

So you help people for a decade or three. Then the company does whatever it wants to boost profit.

How does that compare to say.....development of large scale desalination and the infrastructure needed to run buried pipes across landmasses to get clean water to sickly populations? We can pipe oil thousands of miles. Whats stopping us from similar pipes being used to carry the water from massive purification machines from the coast to people far inland so every community can have clean water in walking distance? I assume......the money and the will to do it.

THe machines exist just not on a large enough scale. Thats a lifes work thing that would carry on helping long after youre gone.

Im not saying either is the way to go....im saying....raising pay is only till someone decides its smarter to pay less. There are things you could do to help more people....for much longer. Im just not sure what.

Especially with quite a few people thinking the world needs less people not more so maybe they dont want to solve problems on that scale.

[Norcaliblunt]

Thinking about it from a selfish point of view of course what anyone would want is their job to pay them more. But when you are talking money on this level.....and solving problems? Thats not gonna do very much. Bezos is gonna be alive for like 20-30 years. Say he raises employee pay at the expense of the stock price so his value drops(or more likely...just raises slower). You get happier maybe more productive employees. Great.

Then you die....the board or whoever follows you does what most big companies do eventually....realize they can cut pay for the same job and still have people lined up to apply.

So you help people for a decade or three. Then the company does whatever it wants to boost profit.

How does that compare to say.....development of large scale desalination and the infrastructure needed to run buried pipes across landmasses to get clean water to sickly populations? We can pipe oil thousands of miles. Whats stopping us from similar pipes being used to carry the water from massive purification machines from the coast to people far inland so every community can have clean water in walking distance? I assume......the money and the will to do it.

THe machines exist just not on a large enough scale. Thats a lifes work thing that would carry on helping long after youre gone.

Im not saying either is the way to go....im saying....raising pay is only till someone decides its smarter to pay less. There are things you could do to help more people....for much longer. Im just not sure what.

Especially with quite a few people thinking the world needs less people not more so maybe they dont want to solve problems on that scale.

Yeah but you could be setting an example for other billionaires and their companies to follow suit. Just to compete. Remember I also mentioned reducing prices drastically. Also Amazon doesn’t have to be the only one you do it with. You could start a number of smaller companies like restaurants or whatever and run them on very little profit. Enough to put back in to expand and do what you need to do, but not pocket millions. Have contacts that require once you’re gone it must maintain this model.

That’s interesting you bring up infrastructure projects like desalination and water pipelines because that was my first thought. Being from California it’s an issue you’re forced to think about. That would totally be a passion project I would be on board with if I was a billionaire, but the politics involved in such a massive project is crazy. The environmental crap, the private property situation, on and on. The engineering would be the easy part.

[~primetime~]

Tesla stock up 14% today...it is now the 10th biggest US stock by value

Elon swimming in money


who would have thought that Tesla would have it's best year during a pandemic

[Shogon]

Thinking about it from a selfish point of view of course what anyone would want is their job to pay them more. But when you are talking money on this level.....and solving problems? Thats not gonna do very much. Bezos is gonna be alive for like 20-30 years. Say he raises employee pay at the expense of the stock price so his value drops(or more likely...just raises slower). You get happier maybe more productive employees. Great.

Then you die....the board or whoever follows you does what most big companies do eventually....realize they can cut pay for the same job and still have people lined up to apply.

So you help people for a decade or three. Then the company does whatever it wants to boost profit.

How does that compare to say.....development of large scale desalination and the infrastructure needed to run buried pipes across landmasses to get clean water to sickly populations? We can pipe oil thousands of miles. Whats stopping us from similar pipes being used to carry the water from massive purification machines from the coast to people far inland so every community can have clean water in walking distance? I assume......the money and the will to do it.

THe machines exist just not on a large enough scale. Thats a lifes work thing that would carry on helping long after youre gone.

Im not saying either is the way to go....im saying....raising pay is only till someone decides its smarter to pay less. There are things you could do to help more people....for much longer. Im just not sure what.

Especially with quite a few people thinking the world needs less people not more so maybe they dont want to solve problems on that scale.

Someone deciding that it's "smarter" to pay less doesn't mean it's actually smarter for the company to pay less. It's just that it typically takes years if not decades for that "smarter" to decision to become readily apparent to your average schmuck that wakes up one day and realizes the company they once loved is now gone and they're not even sure what happened.

[Norcaliblunt]

I’d start a show called Charity Tank. Just like Shark Tank but I would give out the money to entrepreneurs and not expect any return. Help stimulate everyone else’s passion projects.

[GOBB]

He worked at mcdonalds like some teenagers in america did. How is that any source of inspiration, encouragement? You're limited to jobs as is when you're 16. Why is that being celebrated again? It would be more fascinating if he were sitting in his room playing with legos and building boxes. And had this dream of taking over the world with all those boxes he made and was delivering. Shit is as laughable at the Bill Gates dropped out of college.

Everyone should get raises at Amazon.

[Shogon]

He worked at mcdonalds like some teenagers in america did. How is that any source of inspiration, encouragement? You're limited to jobs as is when you're 16. Why is that being celebrated again? It would be more fascinating if he were sitting in his room playing with legos and building boxes. And had this dream of taking over the world with all those boxes he made and was delivering. Shit is as laughable at the Bill Gates dropped out of college.

Everyone should get raises at Amazon.

https://media1.tenor.com/images/267ef62290bc2f3b6abba9ec22d1076d/tenor.gif

[CelticBaller]

dont care, none of my business

[Shooter]

Just a quick reminder. When companies are profitable with substantial cash flows it allows them to venture into other projects, it allows them to continue to increase quality of life as a whole by offering newer/better products for less, and it allows them to continue to push envelope to achieve more such as video streaming, at-home grocery delivery, PRIME, Audible, competitively priced items, etc.

Without profits to venture into these projects we would be stuck with a bunch of "above average "companies potentially unwilling to take the next step, or willing to take the next step but one misstep causes the project to end prematurely.

Let their successful decision be rewarded and allow them to venture further. Stop crying about factory workers needing raises. Jesus...

[bladefd]

Just a quick reminder. When companies are profitable with substantial cash flows it allows them to venture into other projects, it allows them to continue to increase quality of life as a whole by offering newer/better products for less, and it allows them to continue to push envelope to achieve more such as video streaming, at-home grocery delivery, PRIME, Audible, competitively priced items, etc.

Without profits to venture into these projects we would be stuck with a bunch of "above average "companies potentially unwilling to take the next step, or willing to take the next step but one misstep causes the project to end prematurely.

Let their successful decision be rewarded and allow them to venture further. Stop crying about factory workers needing raises. Jesus...

So essentially it allows them to become a monopoly and take every small business out of business. And we get closer and closer towards corporatism, where a few corporations run everything until eventually that coalesces into one super-corporation ala Mr Robot

[Shooter]

So essentially it allows them to become a monopoly and take every small business out of business. And we get closer and closer towards corporatism, where a few corporations run everything until eventually that coalesces into one super-corporation ala Mr Robot

It breeds innovation. Forces it. Innovate or die.

Innovation = Better quality of life for mankind

[Shooter]

It always blows my mind to hear people crying about "monopolies" (that don't hardly exist as opposed to oligopolies) from their shiny new smart phones, using their highspeed internet service provider, likely wearing their Nike shoes. Shit is HILARIOUS.

[nightlight]

It always blows my mind to hear people crying about "monopolies" (that don't hardly exist as opposed to oligopolies) from their shiny new smart phones, using their highspeed internet service provider, likely wearing their Nike shoes. Shit is HILARIOUS.

Someone took their first economics class at the community college:roll:

[Vino24]

Cant hate Jeff. Went from flipping burgers to ceo of insidehoops and amazon

[TheCorporation]

Someone took their first economics class at the community college:roll:

Oh yeah? Congrats to you. Tell us more about your education :lol

[Smook A.]

I can't even fathom what it'd be like to have that amount of money. He could buy every team in the NBA and still have over a $100 billion leftover. ****ing unreal

[Patrick Chewing]

I can't even fathom what it'd be like to have that amount of money. He could buy every team in the NBA and still have over a $100 billion leftover. ****ing unreal

It actually amazes me that he hasn't pushed to bring the Sonics back.

[Kblaze8855]

So AMC(worlds largest chain of theaters) is going bankrupt and there are reports Bezos might just buy it.

Presumably he could add a movie subscription service to prime and use the chain to bring in better people for their films division. The only reason top people don’t usually do streaming platforms as a first option is they don’t get wide releases. Wouldn’t you pick Prime video over Netflix for your movie if Amazon had 11,000 physical theaters to show it in?

Only problem is an anti trust ruling from the 40s saying a film studio can’t own a theater chain of its own. But many have wanted to get rid of that for years. I’m sure he’s got the money to make it happen. At least once his rival is out of office.

Give it 20 years Amazon will probably own the movies and half of America’s dead malls will be Amazon stores with space to lease to its local small vendors and shit. Put Amazons original products in the empty sears buildings and come for Walmart and Best Buy’s brick and mortar advantage.

They aren’t gonna stop. They will be making Prime branded toilet paper one day.

[CelticBaller]

I can't even fathom what it'd be like to have that amount of money. He could buy every team in the NBA and still have over a $100 billion leftover. ****ing unreal

Do you guys realize that he doesn’t have 190 million in hard cash right? Most of his worth comes from his assets, if he wishes to buy an NBA team he will have to sell a lot of shares of Amazon to do so.

It’s like having a $500k house, just of that asset you could say you’re worth $500k, but that doesn’t mean you can simply buy a $50k car on a whim

[CelticBaller]

So AMC(worlds largest chain of theaters) is going bankrupt and there are reports Bezos might just buy it.

Presumably he could add a movie subscription service to prime and use the chain to bring in better people for their films division. The only reason top people don’t usually do streaming platforms as a first option is they don’t get wide releases. Wouldn’t you pick Prime video over Netflix for your movie if Amazon had 11,000 physical theaters to show it in?

Only problem is an anti trust ruling from the 40s saying a film studio can’t own a theater chain of its own. But many have wanted to get rid of that for years. I’m sure he’s got the money to make it happen. At least once his rival is out of office.

Give it 20 years Amazon will probably own the movies and half of America’s dead malls will be Amazon stores with space to lease to its local small vendors and shit. Put Amazons original products in the empty sears buildings and come for Walmart and Best Buy’s brick and mortar advantage.

They aren’t gonna stop. They will be making Prime branded toilet paper one day.


Eventually anti monopoly laws will force amazon to break up, making the shareholders the most richest men in the world

[June]

I think Jeff deserves all you gained, but I'm also a bit scared by the power of Amazon in the world.
This is one of the reason I like Nike which left Amazon. Maybe the only company in the world so strong to do this.

[bladefd]

I think Jeff deserves all you gained, but I'm also a bit scared by the power of Amazon in the world.
This is one of the reason I like Nike which left Amazon. Maybe the only company in the world so strong to do this.

Nike has its share of issues too. They have been using sweatshops for decades with people working in horrendous conditions for long hours and very little pay with no regard for the environment or anyone.

Amazon and Walmart are down the same path unfortunately. Doing anything and everything to keep the cost down

[Nanners]

Nike is great... You cant deny how brave and woke they are for deciding to use Chinese concentration camp labor to manufacture their latest batch of Kapernick merch

[June]

I'm not saying that Nike is good or bad, but they can make the same bad things + improving Amazon power. Lets say "they are bad, but they could be worse" :)
I'm just glad that there is someone who still have the strenght to "fight" against amazon

[~primetime~]

They aren’t gonna stop. They will be making Prime branded toilet paper one day.

^^^ that is the entire Bezos philosophy...never stop

Bezos at the LAST earnings reprt:

“If you’re a shareowner in Amazon, you may want to take a seat, because we’re not thinking small,”

In his head, he's just NOW getting started...and that will probably be his mindset in 10 years, he's just NOW getting started


Every quarter Bezos reinvests ALL of Amazon's profits back into the company...he takes home none for himself...his net worth is Amazon stock (which he sells off all the time)

It is never too late to invest in Amazon...do it now if you haven't yet...he doesn't want just the US, he wants the globe

[~primetime~]

Eventually anti monopoly laws will force amazon to break up, making the shareholders the most richest men in the world

What exactly does Amazon have a monopoly on?...convenience?

[Shooter]

^^^ that is the entire Bezos philosophy...never stop

Bezos at the LAST earnings reprt:

“If you’re a shareowner in Amazon, you may want to take a seat, because we’re not thinking small,”

In his head, he's just NOW getting started...and that will probably be his mindset in 10 years, he's just NOW getting started


Every quarter Bezos reinvests ALL of Amazon's profits back into the company...he takes home none for himself...his net worth is Amazon stock (which he sells off all the time)

It is never too late to invest in Amazon...do it now if you haven't yet...he doesn't want just the US, he wants the globe

Nope. Needs to pay his factory workers more and give all the products away for free! Operate at a loss :lol

[Charlie Sheen]

What exactly does Amazon have a monopoly on?...convenience?

Would you start a business in any market where amazon was a competitor?

[~primetime~]

Would you start a business in any market where amazon was a competitor?

Okay but how could Amazon ever be ruled a monopoly?...they don't even make a product. I mean they DO make products, but their products are not what makes them a monopoly.

So what do they have a monopoly on?...shipping?...nope, plenty of businesses ship things. In fact that is probably what forces Amazon to ship for cheap.

[tpols]

Okay but how could Amazon ever be ruled a monopoly?...they don't even make a product. I mean they DO make products, but their products are not what makes them a monopoly.

So what do they have a monopoly on?...shipping?...nope, plenty of businesses ship things. In fact that is probably what forces Amazon to ship for cheap.

In the same way the phone companies got split up. AT&T offered a service... a subscription. Same as Amazon. And they broke them up into multiple companies.

[Nanners]

Okay but how could Amazon ever be ruled a monopoly?...they don't even make a product. I mean they DO make products, but their products are not what makes them a monopoly.

So what do they have a monopoly on?...shipping?...nope, plenty of businesses ship things. In fact that is probably what forces Amazon to ship for cheap.

Being a monopoly has nothing to do with whether or not you make products... its about how you interact with your competition. If Amazon is conducting itself in an anticompetitive way - for example, using their dominance/control of the internet via AWS to funnel retail transactions away from competitors and toward amazon.com, thats when they could be found in violation of antitrust laws.

[~primetime~]

A monopoly is being the ONLY company to provide a specific good or service thus the company can charge what it wants because there is no competition...that isn't what is happening with Amazon

[Charlie Sheen]

Amazon's economic power to prohibit competitors from entering the market is why they're viewed as a monopoly. It's not about any specific good or service.

[~primetime~]

Amazon's economic power to prohibit competitors from entering the market is why they're viewed as a monopoly. It's not about any specific good or service.

they're not viewed that way though :confusedshrug:

[Charlie Sheen]

they're not viewed that way though :confusedshrug:

Huh?

[Nanners]

A monopoly is being the ONLY company to provide a specific good or service thus the company can charge what it wants because there is no competition...that isn't what is happening with Amazon

Well there arent any laws against being a "monopoly" (whatever you think that means) or whatever... but there are definitely antitrust laws, and these laws have been used to break up some of the most powerful companies this country has ever seen

https://en.wikipedia.org/wiki/United_States_antitrust_law

[Norcaliblunt]

It’s more weird when they own and control companies unrelated to the online e-commerce stuff. When corporations have their tentacles spread out into other industries they are not known for and you have no clue about it.

[~primetime~]

Huh?

Im saying Amazon is NOT viewed as a monopoly

[~primetime~]

The way Ive always viewed a monopoly is similar to venues charging $8 for a bottled water at concerts or sporting events. Everyone has to pay that $8...or they arent drinking water, they have no choice. The venue has a monopoly on water at that point in time.

Amazon is actually UNDER pricing everyone. They are getting our needs to our front door quickly and CHEAPLY. In theory we consumers wpuld never want to discourage that...its the result of a free market.

I know it's more complex than that... but imo that's the gist of why it's difficult to rule Amazon a monopoly.

[Nanners]

The way Ive always viewed a monopoly is similar to venues charging $8 for a bottled water at concerts or sporting events. Everyone has to pay that $8...or they arent drinking water, they have no choice. The venue has a monopoly on water at that point in time.

Amazon is actually UNDER pricing everyone. They are getting our needs to our front door quickly and CHEAPLY. In theory we consumers wpuld never want to discourage that...its the result of a free market.

I know it's more complex than that... but imo that's the gist of why it's difficult to rule Amazon a monopoly.

If you're ever interested in learning about the legal basis for this stuff, heres a decent place to start - https://en.wikipedia.org/wiki/United_States_antitrust_law

[~primetime~]

Maybe eventually they'll be found in violation of something, but I dont think it will be monopolizing.

[Nanners]

Maybe eventually they'll be found in violation of something, but I dont think it will be monopolizing.

My guess is that we're gonna find Jeff Bezos in violation of the law prohibiting lizard people from becoming billionaires... a law that ultimately will no doubt be responsible taking down most of the pedophile billionaires who run this place (rip lizardguy zuckerberg)

[tpols]

Amazon's economic power to prohibit competitors from entering the market is why they're viewed as a monopoly. It's not about any specific good or service.

Yup... they are setting the barriers for entry way too high and not allowing for standard free market competition. Eventually they'll be so powerful and have such a negotiating leverage with the labor force that we'll see sweatshop conditions everywhere. Do you know how much it sucks to be an amazon warehouse worker or distributor? They work you to the bone for chump change. And if there's little where else to work outside other shitty jobs, everybody will be at their mercy.

[tpols]

A monopoly is being the ONLY company to provide a specific good or service thus the company can charge what it wants because there is no competition...that isn't what is happening with Amazon

this isn't true at all. there were plenty of other smaller phone service providers when AT&T got split up. They were far from the ONLY provider of that specific service.

[Charlie Sheen]

Im saying Amazon is NOT viewed as a monopoly

The discussion really picked up once they acquired whole foods. Since that time Amazon has taken even more control over the supply chain with prime delivery pushing fedex out. I think you're in the minority here if you think Amazon hasn't been looked at as a monopoly.

[Norcaliblunt]

Amazon will one day turn into the state and we will be living in some weird technocratic communism system. They will own all the means of production and distribution and you will be forced to work for them.

[tpols]

Amazon will one day turn into the state and we will be living in some weird technocratic communism system. They will own all the means of production and distribution and you will be forced to work for them.

people will laugh at this but it's pretty funny. Apparently if you just own 90% of everything you're not a monopoly... but if you own 100% of one niche category you are.

Bezos found the loophole!

[bladefd]

The way Ive always viewed a monopoly is similar to venues charging $8 for a bottled water at concerts or sporting events. Everyone has to pay that $8...or they arent drinking water, they have no choice. The venue has a monopoly on water at that point in time.

Amazon is actually UNDER pricing everyone. They are getting our needs to our front door quickly and CHEAPLY. In theory we consumers wpuld never want to discourage that...its the result of a free market.

I know it's more complex than that... but imo that's the gist of why it's difficult to rule Amazon a monopoly.

If one is truly for completely free market, they would support corporatism with one company controlling everything with complete monopoly. That's the extreme end of the economics scale on the right (extreme end on the left is communism).

A middle-ground is to supervise/legislate the market and not allow a corporation to completely control an industry (commerce sector for Amazon). Essentially don't be for completely free market, but also don't be for government controlling everything. You want a center balance between corporations owning everything and government owning everything (avoid both extremes because both are dangerous ends). Economics is basically a tug of war between the two extremes. In the past several decades, we have been going towards the right end of the extreme.

Amazon is getting close to monopoly level, at least for commerce. It's not there though - not yet. There is still plenty of competition for Amazon - Walmart, Costco, Target, BJs, ShopRite, etc. Unfortunately it's dwindling down so I would be very much concerned.

[Kblaze8855]

Its tough to define them really.

The Bell(at&T) company owned like 90% of all phone lines and everyones house phone was from them. Every house phone I saw as a kid was Bell. And if you wanted a different phone you had to send it tothem first to make it work on their system. You literally couldnt make calls without their phone. They were making it almost impossible to work around them.

Plenty of people never made an amazon order. Nobody 30 years ago had never seen a Bell phone or used one and that was after they were broken up. Amazon seems to want to own part of everything because you cant own all of anything on line. If they play it right it will be hard to stop. Amazons tradition business is just selling other peoples shit in one place like Walmart. Plus at some point I gotta imagine the political influence grows. Its there now but im talking more widespread direct lobbying NRA and big tobacco style.


They will have some powerful friends in the right places.

[coin24]

I don't think amazon took off here like it has in other places..
What makes it better than eBay or other retailers?

[Shogon]

I don't think amazon took off here like it has in other places..
What makes it better than eBay or other retailers?

What makes Amazon better than eBay and other retailers?

Have you never used Amazon?

Their search algorithm for products is so far and away superior to anywhere and everywhere else that it's basically impossible not to recognize that they're better. This can't be understated. If you go to literally any other website and search for a product, chances are really good that it's not going to be nearly as effective as Amazon in suggesting relevant and accurate search results. Target and Wal-Mart's search algorithms are so laughably bad with you having to enter exactly perfect key words in many instances for their site to be able to figure out what you're searching for, that the damn sites might as well not even exist in comparison to Amazon. As far as eBay goes... eBay has very limited inventory listings in comparison to Amazon, because that is the nature of being an auction site, rather than a "big box" retailer.

Their logistics process is on point compared to basically everyone else, with you often times being able to get same day delivery if you live close enough to a distribution center. Basically anywhere in the country can, with most products, get their order in 2 days. And if you have Prime or if you meet a certain $ threshold, said shipping is free.

Their page layout, structure and aesthetics blows away the other retailers also, offering far more relevant information in a cleaner format. People also participate and give relevant feedback on Amazon via reviews, unlike most of the other retailers.

Although I will say... reviews everywhere are starting to mean less and less because people have figured out that good reviews = good for business and bad reviews = bad for business and online reviews are starting to become the biggest way people discover your business for the first time and they will often jump to conclusions based on said reviews, good or bad. The reviews products and businesses used to have online were almost completely organic, so they were almost always an accurate reflection of the service you were going to get. As I said, people have figured out how to game this system, so they incentivize people to give them good reviews via free products or discounts, and thus the reviews are starting to mean less and less.

But I digress...

Amazon offers, objectively speaking, not even an opinion... objectively speaking, the best online shopping experience, and there are many more reasons that I didn't even get into.

[Overdrive]

Technically monopoly is the wrong term, because there's significant competition for most categories they sell, but there's absolutely no competion on the broad scale of retail they do.

There's no company where you can buy a Gibson guitar, parts for your motorcycle, a surfboard, videogames, etc. They sell everything and you don't have to leave your house to get your stuff. Nobody comes close.

[Proctor]

What makes Amazon better than eBay and other retailers?

Have you never used Amazon?

Their search algorithm for products is so far and away superior to anywhere and everywhere else that it's basically impossible not to recognize that they're better. This can't be understated. If you go to literally any other website and search for a product, chances are really good that it's not going to be nearly as effective as Amazon in suggesting relevant and accurate search results. Target and Wal-Mart's search algorithms are so laughably bad with you having to enter exactly perfect key words in many instances for their site to be able to figure out what you're searching for, that the damn sites might as well not even exist in comparison to Amazon. As far as eBay goes... eBay has very limited inventory listings in comparison to Amazon, because that is the nature of being an auction site, rather than a "big box" retailer.

Their logistics process is on point compared to basically everyone else, with you often times being able to get same day delivery if you live close enough to a distribution center. Basically anywhere in the country can, with most products, get their order in 2 days. And if you have Prime or if you meet a certain $ threshold, said shipping is free.

Their page layout, structure and aesthetics blows away the other retailers also, offering far more relevant information in a cleaner format. People also participate and give relevant feedback on Amazon via reviews, unlike most of the other retailers.

Although I will say... reviews everywhere are starting to mean less and less because people have figured out that good reviews = good for business and bad reviews = bad for business and online reviews are starting to become the biggest way people discover your business for the first time and they will often jump to conclusions based on said reviews, good or bad. The reviews products and businesses used to have online were almost completely organic, so they were almost always an accurate reflection of the service you were going to get. As I said, people have figured out how to game this system, so they incentivize people to give them good reviews via free products or discounts, and thus the reviews are starting to mean less and less.

But I digress...

Amazon offers, objectively speaking, not even an opinion... objectively speaking, the best online shopping experience, and there are many more reasons that I didn't even get into.
This used to be true but it's hardly a runaway anymore. Idiotic algorithm's and bots gone haywire have completely ruined Amazon's search function. It was beautiful about ten years ago. Now it's diluted by egregious amounts of sponsored ads that aren't even loosely related to the product you're looking for, and short of using an identifier like a UPC code or model number, you're lucky to even find the exact product you're looking for. It's great if you're a dumb, naive shopper looking to just impulse buy what is thrown in your face...which half of America is.

[coin24]

Correct I havnt used it. Pretty sure it's only been here a couple of years if that.

I usually only look online to buy a specific item at the best price. Not really interested in an algorithm finding me useless crap I don't want..
So it has a flawed review system and shipping times vary? Sounds like the same shit as eBay tbh..

[~primetime~]

About a year ago I ordered a rare bag of coffee from Amazon.

Literally 2 hours later that same day it arrived at my front door...it blew my mind realizing that in some huge warehouse that obscure bag of coffee I wanted has been sitting in Dallas waiting for someone to order it so it can get to them QUICKLY.

https://media.glassdoor.com/l/c9/2d/06/7e/amazon-warehouse.jpg

I don't think most people really grasp how nuts that is...for there to be huge warehouses that attempt to hold virtually ALL items you can order.

THIS is what makes Amazon who they are...they can get you what you want very quickly, and very cheaply.

[Shogon]

This used to be true but it's hardly a runaway anymore. Idiotic algorithm's and bots gone haywire have completely ruined Amazon's search function. It was beautiful about ten years ago. Now it's diluted by egregious amounts of sponsored ads that aren't even loosely related to the product you're looking for, and short of using an identifier like a UPC code or model number, you're lucky to even find the exact product you're looking for. It's great if you're a dumb, naive shopper looking to just impulse buy what is thrown in your face...which half of America is.

You think so eh? There's some truth to what you're saying... but...

Have you ever used walmart.com or target.com or homedepot.com or lowes.com? LOL.

Regardless of comparing Amazon to its' past self, the difference between Amazon today and everyone else today is actually crazy. It is runaway.

[rawimpact]

Amazon is so much above all other online retailers it's not even a competition. Their own logistic infrastructure is bar none. Their customer service is amazing. Their return policy is the best.

Lets not forget about their music, video and grocery services.

With all that said, sure their shipping is delayed two to three times what i would expect for a service I pay a premium for, but i understand that this is a new world we're living in.

Ebay opted not to invest in logistics, whereas Amazon's building airports, hiring third party delivery drivers etc.

[imdaman99]

I hate how much I rely on Amazon. But it is what it is. Even though I agree with proctor that it's littered with crappy ads. Right now I'm searching basketball sneakers and halfway down the page they already switched to running/ cross training sneakers. You're telling me you don't have a million basketball sneakers to show me? Of course you do.

[Proctor]

You think so eh? There's some truth to what you're saying... but...

Have you ever used walmart.com or target.com or homedepot.com or lowes.com? LOL.

Regardless of comparing Amazon to its' past self, the difference between Amazon today and everyone else today is actually crazy. It is runaway.
I agree. And it's sad because Amazon's search function is so pathetic compared to what it used to be that it shouldn't be anywhere near a runaway.

I would love to see a retailer implement a marketplace like Amazon with the "catalogue" format that Amazon is known for (built up over the years with customer/seller contributions, almost like a Wikipedia). No other site has given a valiant effort whatsoever and they are all total shitshows. (Excluding eBay, which has its own purpose as you outlined before, and is an entirely different machine.)

[June]

I hate how much I rely on Amazon. But it is what it is. Even though I agree with proctor that it's littered with crappy ads. Right now I'm searching basketball sneakers and halfway down the page they already switched to running/ cross training sneakers. You're telling me you don't have a million basketball sneakers to show me? Of course you do.

I heard that Nike left Amazon, is there any non-nike shoes worth bying? :D

[Jasper]

OP I don't consider this a joke at all.
My mom died from Parkinson disease / my father law died from Lewy body disease.
Step son has a mental illness.
Those three illnesses I would work on.

If any money left over arthritis

[KennyPowers]

Bezo's wife is a horse face

[Patrick Chewing]

Bezo's wife is a horse face

I've been trying to connect with his ex-wife, but she's not replying back to my e-mails.

[KennyPowers]

I've been trying to connect with his ex-wife, but she's not replying back to my e-mails.

Good point.


I'd probably put muh wiener in a horse for 60 billion dollars.


I think she's just giving away Bezo's money though. We should come up with some useless non-profit marxist organization so we can pocket 1.7 billion dollars also.

[Patrick Chewing]

Good point.


I'd probably put muh wiener in a horse for 60 billion dollars.


I think she's just giving away Bezo's money though. We should come up with some useless non-profit marxist organization so we can pocket 1.7 billion dollars also.

Just think, all it takes is one drunken night with her and if you get lucky enough to go all the way and impregnate her, you're set for life. I am on a mission!

[KennyPowers]

Just think, all it takes is one drunken night with her and if you get lucky enough to go all the way and impregnate her, you're set for life. I am on a mission!

I think menopause might have beat us.


She turned 50 in April.


Bezos did it wrong. Flip the 5 upside down to a 2, and now we're talking.

[Draz]

Yeah I'm not gonna stop using Amazon.

You want people to stop, come up with methods to reward small businesses to compete with Amazon or come up with the services and products yourself.

[Kblaze8855]

First to 200. He’s at about 205 right now. Crazy that he owns so little of Amazon now. Well it’s a lot obviously compared to others but it’s “just” 11 percent. To have started it it could be much higher is all I’m saying.

[Shogon]

First to 200. He’s at about 205 right now. Crazy that he owns so little of Amazon now. Well it’s a lot obviously compared to others but it’s “just” 11 percent. To have started it it could be much higher is all I’m saying.

First documented* to 200.

[~primetime~]

Bezos ex-wife McKenzie Scott is now the 2nd richest woman alive, behind only the L'Oreal hieress.

Think about that...Bezos hit 200 B even AFTER a wife took a huge chunk.

Also Elon Musk hit 100B

[Nanners]

To all the mostly peaceful protesters out there - if you truly want to change things, try directing your protests at people who actually have power and influence

[ItsMillerTime]

To all the mostly peaceful protesters out there - if you truly want to change things, try directing your protests at people who actually have power and influence

How do you suggest they protest those in power? Legitimately curious your thoughts.

[Nanners]

How do you suggest they protest those in power? Legitimately curious your thoughts.

some kind of strike or boycot that targeted at the companies and individuals that wield the most political power in the US.

rather than "protesting" (aka rioting) at night when nothing meaningful can be accomplished. IMO the protesters could try a protest where they peacefully block off the road in/out of their neighborhood.

[insidehoops]

When Jeff Bezos goes to Chipotle and they tell him that guacamole costs extra, he still gets it.

[FromDowntown]

When Jeff Bezos goes to Chipotle and they tell him that guacamole costs extra, he still gets it.

Jeff when are you gonna get Bezos money so that when they say 100x100 avatars cost extra you still get it for us? :(

[starface]

some kind of strike or boycot that targeted at the companies and individuals that wield the most political power in the US.

rather than "protesting" (aka rioting) at night when nothing meaningful can be accomplished. IMO the protesters could try a protest where they peacefully block off the road in/out of their neighborhood.

Whenever I pop into an Amazon Whole Foods to use the bathroom or get a 99 cent bottle of water, I see tons of typical “omg capitalism, pay teh fair share, bernie will save us” types shopping and eating etc, giving their money to the 200 Billion Dollar Man and Im always just like.... :lol

Everyone talks the talk, nobody walks the walk.

[FromDowntown]

Whenever I pop into an Amazon Whole Foods to use the bathroom or get a 99 cent bottle of water, I see tons of typical “omg capitalism, pay teh fair share, bernie will save us” types shopping and eating etc, giving their money to the 200 Billion Dollar Man and Im always just like.... :lol

Everyone talks the talk, nobody walks the walk.

:lol Right? :lol

[SaltyMeatballs]

About $170 billion of it is in his amazon stock

[GOBB]

THIS is what makes Amazon who they are...they can get you what you want very quickly, and very cheaply.

Then workers should be compensated more.

[Lil-Shrimp]

Rich get richer

[~primetime~]

Then workers should be compensated more.

GOBB sighting!

I don't disagree necessarily, but you could look at from this angle...Bezos has never taken any profit from Amazon, none...100% of Amazon's profits actually DO go to the workers and not him. It's just that instead of compensating his existing workers more, he instead hires more workers...so more jobs created.

[~primetime~]

also after the recent tech crash...doubt the thread title is true any more...Amazon has gone from $3,500 a share to $2,900 a share...and his stake in Amazon is the bulk of Bezo's net worth.

[Nanners]

GOBB sighting!

I don't disagree necessarily, but you could look at from this angle...Bezos has never taken any profit from Amazon, none...100% of Amazon's profits actually DO go to the workers and not him. It's just that instead of compensating his existing workers more, he instead hires more workers...so more jobs created.

:oldlol:

Why the should anyone look at the situation from an angle that ignores the fact that Bezos has become the wealthiest man on the planet on the backs of underpaid labor working long and hard hours in harsh conditions?

No shit Amazon profits dont go to Bezos, because thats not how businesses compensate their executives (especially not public ones). Bezos gets his spending cash from selling billions of dollars worth of Amazon stock every year, and hes made enough cash off his stock sales to afford about a dozen mansions, the entire washington post (250m), and his own private aerospace company. Bezos most recent real estate acquisition was a $165m mansion in Beverly Hills (the #2 most expensive home sale in all of US real estate history)... impressive purchase for a guy who "doesnt take profit" from the trillion dollar company he founded.

[hold this L]

GOBB sighting!

I don't disagree necessarily, but you could look at from this angle...Bezos has never taken any profit from Amazon, none...100% of Amazon's profits actually DO go to the workers and not him. It's just that instead of compensating his existing workers more, he instead hires more workers...so more jobs created.

Nothing is killing more jobs and businesses right now than Amazon. No matter how many jobs he creates with Amazon, he's killing many times that number of mid to small tier businesses.

[Shogon]

Nothing is killing more jobs and businesses right now than Amazon. No matter how many jobs he creates with Amazon, he's killing many times that number of mid to small tier businesses.

Honestly, who cares?

A lot of people need to die. They shouldn't exist and we need them to leave.

We aren't in balance with nature and a lot of people only exist because of the inflationary, shell game, pyramid scheme that is referred to as central banking.

[~primetime~]

I'm NOT saying Amazon shouldn't compensate their employees more...they probably should. I'm just pointing out that Bezos takes no profit, it all goes back into Amazon...other humans get their profit.

Bezos wealth is his stock in the company...he could sell it off his ownership in Amazon and give it to his workers, but that is hardly being realistic and if that became common practice he'd eventually end up owning none of the company.

[Nanners]

I'm NOT saying Amazon shouldn't compensate their employees more...they probably should. I'm just pointing out that Bezos takes no profit, it all goes back into Amazon...other humans get their profit.

Bezos wealth is his stock in the company...he could sell it off his ownership in Amazon and give it to his workers, but that is hardly being realistic and if that became common practice he'd eventually end up owning none of the company.

The only reason its "unrealistic" for an ultra wealthy ceo to give money/equity to their employees is because its virtually impossible for someone to reach Bezos level of wealth without being a complete sociopath.

Bezos has about a million employees. He could give every single one of those 1 million employees $100k of his personal amazon stock holdings, and he would still be one of the top 5 wealthiest men on the planet with a remaining net worth of ~84b.

[~primetime~]

I've always told myself I'm 'done' at $10M...I do think there is something wrong with people who go beyond $100M...in his case $100B

I just think some people have the misinterpretation that Bezos is sitting there hording all of Amazon's profits while his workers struggle...But it's more about him choosing to create more jobs rather than compensate his existing employees

[Nanners]

I've always told myself I'm 'done' at $10M...I do think there is something wrong with people who go beyond $100M...in his case $100B

I just think some people have the misinterpretation that Bezos is sitting there hording all of Amazon's profits while his workers struggle...But it's more about him choosing to create more jobs rather than compensate his existing employees

Creating jobs and compensating your employees is not mutually exclusive... Bezos could give every one of his 1,000,000 employees $100k in amazon stock out of his personal holdings and it wouldnt influence the companies ability to hire more employees in any way (and he would still be one of the top 5 wealthiest men on the planet).

Anyway, I agree that there is something wrong with people go pursue wealth beyond 100m. I would probably stop around 10m too... if not earlier.

[Kblaze8855]

How would you stop exactly? If your company is worth 10 million what do you do? Sell it to someone for that and then they run it without you and make more money anyway? Poor people given a company aren’t trying to cap their wealth like you would. Simply shut it down and have your employees lose their jobs? Give it to the employees who would themselves try to push it to make more money?

And what do you do with your cash anyway? Put it in an account or under a mattress where it gradually becomes less valuable?

Where do you place it where it wouldn’t grow?

What’s the plan when your business hits 10 or whatever million in value? What’s the exit strategy?


I guess you could stay on and grow it and give all the extra to charity or something.

[starface]

I've always told myself I'm 'done' at $10M...I do think there is something wrong with people who go beyond $100M...in his case $100B

I just think some people have the misinterpretation that Bezos is sitting there hording all of Amazon's profits while his workers struggle...But it's more about him choosing to create more jobs rather than compensate his existing employees


He's not even doing it because he needs/wants more money, he's doing it because it's his job description.

The job of the CEO is to raise the value of the company. That's why they're given that position. You can't come to work and be like "guys, lets take a step back from profits because I'm feeling a bit guilty today." That isn't how publicly owned businesses work. There are hundreds of thousands of shareholders who aren't concerned with the moral reservations of one of the executives.

Bezos is NOT ALLOWED to unnecessarily throw money around at the expense of the company's value. That means he can't pay workers more than they're actually worth to the business. It's not his fault that many positions at Amazon can be handled by the laziest, most apathetic, least educated humans whose only qualifications are a pair of functioning arms and hands. That's the hand in play. If those folks had a stronger bargaining position, the company would have to pay them more. But they dont, so Amazon won't. It's not Bezos' personal decision. It's how business works. Many warehouse workers do no financial research, have no skills, exercise no political effort, can barely be bothered to tie their own shoes. They make no effort toward ANYTHING for their own sake. If they did they'd have more power. Amazon just 'owes' them a fabulous life? Yeah right.

You don't ask great athletes to quit their sport because theyre too good and they should let other people have some winning. You tell other players and teams to work on getting better, and COMPETE. You don't reign in talent so that weakness can thrive. You let nature take its course. Get better or get GONE. That's the reality.

Society has changed to become more cerebrally demanding, and the only thing that will stop the separation of power is a correction in the AVERAGE level of aptitude. A big chunk of the bottom is LUCKY to have a 10 dollar an hour job provided by Amazon, because realistically, they're barely above the level of neanderthals. Theyre not built for life in the 21st century. The idea that talented people are gonna carry million and millions of shlubs to a good life is silly and not gonna happen.

[starface]

Creating jobs and compensating your employees is not mutually exclusive... Bezos could give every one of his 1,000,000 employees $100k in amazon stock out of his personal holdings and it wouldnt influence the companies ability to hire more employees in any way (and he would still be one of the top 5 wealthiest men on the planet).

Anyway, I agree that there is something wrong with people go pursue wealth beyond 100m. I would probably stop around 10m too... if not earlier.


How many of the people at the lower level who receive that 100k do you think are showing up for work the next Monday?

[Norcaliblunt]

How many of the people at the lower level who receive that 100k do you think are showing up for work the next Monday?

That’s why you add it into their salary. If they work they get the money.

[Kblaze8855]

A big chunk of the bottom is LUCKY to have a 10 dollar an hour job provided by Amazon


Even the temps at Amazon make at least 15 an hour. That was apparently acceptable pay until they started paying it. I don’t know what the right number is now. More than double the minimum wage isn’t. What is? Triple?

Is there a realistic number that makes it fair compensation?

[starface]

That’s why you add it into their salary. If they work they get the money.

That would still be very complicated because it would have to come from Bezos personally, not Amazon itself. Which means he can't guarantee it as part of the workers' actual wage agreement. They would just have to 'trust' that he throws in that charity on top of their paycheck. How would that work from an HR standpoint? That Bezos is giving a million people an additional amount of charity based on the number of hours they work. Someone would actually have to monitor that for a million people and distribute it accordingly. Do you know what kind of turnover there is at Amazon? Countless people start and quit within days, weeks, months, etc.

Sure he could given an annual bonus to factory floor employees every time they reach a year of work service... but again, many of them would take that 100k and just quit, and live off it or invest it etc. And then shareholders would be asking why he's incentivizing employees to leave Amazon. It would obviously entice SOME employees to stay year after year and get more bonuses... but the majority? You might not be familiar with what the AVERAGE Amazon warehouse employee is like. A lot of them are really, really basic humans. They're more valuable to Amazon as quantity, than as quality. Those with quality will move up anyway. You can't give the rest more reasons to quit.

[~primetime~]

How would you stop exactly? If your company is worth 10 million what do you do? Sell it to someone for that and then they run it without you and make more money anyway? Poor people given a company aren’t trying to cap their wealth like you would. Simply shut it down and have your employees lose their jobs? Give it to the employees who would themselves try to push it to make more money?

And what do you do with your cash anyway? Put it in an account or under a mattress where it gradually becomes less valuable?

Where do you place it where it wouldn’t grow?

What’s the plan when your business hits 10 or whatever million in value? What’s the exit strategy?


I guess you could stay on and grow it and give all the extra to charity or something.

for me personally?....the plan is to retire, travel the world, spend time with family vs work, etc...invest the $10m, spend the earnings...leave it for my kids when I die.

but I don't own a even a small business, so point made the exit for them isn't as simple for others

[Nanners]

How would you stop exactly? If your company is worth 10 million what do you do? Sell it to someone for that and then they run it without you and make more money anyway? Poor people given a company aren’t trying to cap their wealth like you would. Simply shut it down and have your employees lose their jobs? Give it to the employees who would themselves try to push it to make more money?

And what do you do with your cash anyway? Put it in an account or under a mattress where it gradually becomes less valuable?

Where do you place it where it wouldn’t grow?

What’s the plan when your business hits 10 or whatever million in value? What’s the exit strategy?


I guess you could stay on and grow it and give all the extra to charity or something.

:oldlol:

Did you really ask this question? Its not like there is a law prohibiting the founder of a company from giving their equity to their employees...

Just how retarded are you exactly?

[Kblaze8855]

How many of the people at the lower level who receive that 100k do you think are showing up for work the next Monday?

Salary? So raise the price of boxing goods or driving a forklift to 2000 a week when it’s for amazon. And when the people doing that for 12an hour down the road hear of this what happens? What do they say about the small business that can’t pay even a 5th of that?

[starface]

for me personally?....the plan is to retire, travel the world, spend time with family vs work, etc...invest the $10m, spend the earnings...leave it for my kids when I die.

but I don't own a even a small business, so point made the exit for them isn't as simple for others


Yep, and this is fair enough and reasonable for a lot of people. But CEO's tend to have different motivations than most. They often dont want to retire because they want to continue to have accomplishments, success, status. The money is secondary to most of them, frankly. They have talent and they want to use it, which is natural. Who wants to throw away their ability rather than maximize it?

For your typical ho-hum... it's not much of an option anyway. Of course if you shovel coal for a living you wanna retire as soon as possible. If you have a corner office in a high rise with a million people kissing your ass for paychecks... a bit harder to say goodbye to, I would imagine.

[nightlight]

:oldlol:

Did you really ask this question? Its not like there is a law prohibiting the founder of a company from giving their equity to their employees...

Just how retarded are you exactly?

How dare you! Have you ever bought your cousin 2 car lots or put all the fatherless kids in your neighborhood through college?

[Kblaze8855]

:oldlol:

Did you really ask this question? Its not like there is a law prohibiting the founder of a company from giving their equity to their employees...

Just how retarded are you exactly?


I realize you have a base coat of useless hostility to get through before getting to the meat of your arguments so I’ll ask once more since I actually do want to know....

You.

Not Bezos.

You personally.

You start a whatever company....build it to the point you have your 10 million.

What do you do then? End the business? Give it away to the employees? What?

[Nanners]

How many of the people at the lower level who receive that 100k do you think are showing up for work the next Monday?

I dunno... I would think that most people would continue to show up for a job after learning that their billionaire boss is willing to give his employees enormous amounts of his own personal wealth, and I doubt it would be very hard to find replacements for anyone who decided to stop showing up. Its not like Amazon has trouble hiring people right now, despite the fact that there is currently zero expectation that Bezos will ever give a penny out of his own pocket to his labor.

[Norcaliblunt]

That would still be very complicated because it would have to come from Bezos personally, not Amazon itself. Which means he can't guarantee it as part of the workers' actual wage agreement. They would just have to 'trust' that he throws in that charity on top of their paycheck. How would that work from an HR standpoint? That Bezos is giving a million people an additional amount of charity based on the number of hours they work. Someone would actually have to monitor that for a million people and distribute it accordingly. Do you know what kind of turnover there is at Amazon? Countless people start and quit within days, weeks, months, etc.

Sure he could given an annual bonus to factory floor employees every time they reach a year of work service... but again, many of them would take that 100k and just quit, and live off it or invest it etc. And then shareholders would be asking why he's incentivizing employees to leave Amazon. It would obviously entice SOME employees to stay year after year and get more bonuses... but the majority? You might not be familiar with what the AVERAGE Amazon warehouse employee is like. A lot of them are really, really basic humans. They're more valuable to Amazon as quantity, than as quality. Those with quality will move up anyway. You can't give the rest more reasons to quit.

This thread is about a passion project for someone who has unlimited resources. If saving the polar bears from climate change, vaccinating all of Africa, and ending famine around the world seem feasible I don’t see why this wouldn’t be.

And the employees would spend the money that’s why they would stay and work. Its not like they’re gonna figure out a way to live off only 100k for the rest of their life. Lol.

[Nanners]

I realize you have a base coat of useless hostility to get through before getting to the meat of your arguments so I’ll ask once more since I actually do want to know....

You.

Not Bezos.

You personally.

You start a whatever company....build it to the point you have your 10 million.

What do you do then? End the business? Give it away to the employees? What?

Yeah I guess I have a base coat of hostility to idiots, sorry about that.

Obviously I wouldnt end the business... I would do something along the lines of setting up a trust to hold most of my equity and distribute the shares to my workers over time.

[starface]

This thread is about a passion project for someone who has unlimited resources. If saving the polar bears from climate change, vaccinating all of Africa, and ending famine around the world seem feasible I don’t why this wouldn’t.

And the employees would spend the money that’s why they would stay and work. Its not like they’re gonna figure out a way to live of only 100k for the rest of their life. Lol.


Bro Amazon warehouse employees to begin with are low motivation, low education, and in some cases, just genuinely low genetic aptitude. Say Bezos starts feein em real good, so that they have EVEN LESS desire to develop any sort of personal skill set or drive.

Then let's say Bezos is killed in a snorkeling accident, and his kids or whoever inherits his money and job title, are less generous. Then what?

You know what happens to ducks when you feed em, right? They dont become ducks anymore. They become even weaker than ducks naturally are to begin with.

You're living in a fantasy world that, in your mind, isn't derived from competition evolutionary factors.

In your mind, things that dont actually work long term... magically can work, because if you believe it hard enough, your emotions are pacified.

You should watch some nature vids on Youtube, my guy. The old Nat Geo ones they used to show on cable television when we were growing up show you the PG-13 version of nature.

But if go online nowadays you can find the true reflections of life on the Blue Planet.

And those are rated X af.

[Norcaliblunt]

Bro Amazon warehouse employees to begin with are low motivation, low education, and in some cases, just genuinely low genetic aptitude. Say Bezos starts feein em real good, so that they have EVEN LESS desire to develop any sort of personal skill set or drive.

Then let's say Bezos is killed in a snorkeling accident, and his kids or whoever inherits his money and job title, are less generous. Then what?

You know what happens to ducks when you feed em, right? They dont become ducks anymore. They become even weaker than ducks naturally are to begin with.

You're living in a fantasy world that, in your mind, isn't derived from competition evolutionary factors.

In your mind, things that dont actually work long term... magically can work, because if you believe it hard enough, your emotions are pacified.

You should watch some nature vids on Youtube, my guy. The old Nat Geo ones they used to show on cable television when we were growing up show you the PG-13 version of nature.

But if go online nowadays you can find the true reflections of life on the Blue Planet.

And those are rated X.


This thread is a fantasy exercise doe. Lol.

[Kblaze8855]

Here’s the thing....

When you’re worth 10 million as the owner of a company how much do you really think is floating around to establish trusts for employees? You don’t even need many employees to have that kinda money. It’s rich...but it’s not the kinda rich where you can do widespread good. You could absolutely change the lives of the small number of people you can touch. But isn’t it likely the bigger you get the more good you could do?

Would you say it’s better to be the 100 billion dollar man with lots of decently paid employees giving away dozens of billions like Gates or a 20 million dollar man with fewer but well paid employees?

I guess it comes down to if you feel like doing world changing shit or life changing individual shit.

I suspect a lot of these people justify their growth with the greater things they can do. Bezos for one seems to be into space. I suspect he tells himself the greater good lies in making humanity invulnerable to planetary issues by making the first steps to colonize other places.

Small picture useless....big picture salvation of all mankind. I can’t argue if the line of thinking is “What use is 22 dollars an hour instead of 15 when it’s possible the only life in the galaxy is wiped out by an asteroid?”.

I may or may not agree but I can see how someone who has the means sets his sights on huge things like that.

Things out of the reach of a 10 million dollar man.

I don’t know what the problems are that I’d set out to solve given those resources. I originally made this topic to ask other people. Whatever they are...you can’t even start if you cap yourself at 10-20 million.

Eventually you die and your successors just do what they want anyway. Hell maybe before that. You’re talking shares. Meaning going public I assume. You could end up out of power pretty fast.

[starface]

Just think of all the low IQs who bought into the covid nonsense. Many of them are standing at the door of their employer, enforcing covid policies... meanwhile the inflation caused by this charade is gonna shit all over their wage earnings. And meanwhile these dupes are like, getting upset with you if you dont aid and abet their own demise.

“SIR, please make sure the mask COVERS YOUR NOSE. I dont wanna have to ask you to LEAVE.”

:roll:

I mean what can you do with these people? They literally dont even know what inflation IS. They know nothing. Their education is zero, despite ample avenues these days for anyone to educate themselves if they care. Many folks are order takers and thats it. They have no higher capability.

You cant protect them forever. People will always find ways to squeeze them. Jeff Bezos cannot stop human reality with some handouts.

It IS what it IS..

[Nanners]

Kblaze are you completely unaware of how a company works? Or are you just being intentionally obtuse?

While Bezos has a net worth of nearly ~200b today, he currently owns a much smaller % of his company than he did back when his net worth was ~10m. For the trust scenario I laid out earlier, the dollar amount of the equity in the trust upon its creation is irrelevant... what matters is the % of equity contained in the trust and the rate at which this equity is distributed to the employees.

If you really think that people like Bill Gates and Bezos are hoarding wealth for "the greater good"... would you care to buy a bridge? Bill Gates net worth has more than doubled since he came out with his so-called giving pledge (its tripled if you include the ~40 billion in assets he controls through his "charity")... amazing that one of the greediest men of the past century has fooled so many people into thinking he is some kind of humanitarian because he has promised to donate his fortune to himself :oldlol:

[Kblaze8855]

I’m sure they don’t wanna have to ask you to leave though. How many videos have we seen of some old guy cussing out some kid who has nothing to do with policy for doing what her jobs says to do?

It rarely looks fun.

What is a 17 year old on her first job supposed to do about like....Lowe’s corporate policy or local law?

[Nanners]

Just think of all the low IQs who bought into the covid nonsense. Many of them are standing at the door of their employer, enforcing covid policies... meanwhile the inflation caused by this charade is gonna shit all over their wage earnings. And meanwhile these dupes are like, getting upset with you if you dont aid and abet their own demise.

“SIR, please make sure the mask COVERS YOUR NOSE. I dont wanna have to ask you to LEAVE.”

:roll:

I mean what can you do with these people? They literally dont even know what inflation IS. They know nothing. Their education is zero, despite ample avenues these days for anyone to educate themselves if they care. Many folks are order takers and thats it. They have no higher capability.

You cant protect them forever. People will always find ways to squeeze them. Jeff Bezos cannot stop human reality with some handouts.

It IS what it IS..

Bezos is one of the people pushing this covid idiocy... Amazon stock has nearly doubled since the lockdowns began 6 months ago, covid is the greatest thing to ever happen to that company