For the richest man in the world, $13 billion is just one day’s profit – a day’s profit that happens to be more than the entire GDP of 77 countries across the world. In one single day, Jeff Bezos makes more money than he could ever hope to spend in one lifetime and became one step closer to becoming the world’s first trillionaire.
Even if Congress passed a temporary billionaires’ tax that only taxed profits made since early March, Jeff Bezos would still be the richest man in the world, and the US would have over $560 billion to fight the corona virus. (Julia Conley)
My comment: I don’t envy Bezos; I buy from him, sometimes two or three times a week. His company is extremely well run, and I admire the way he has built it, relatively quickly, into a behemoth. But with riches come responsibilities. Decency requires him to pay decent wages. It also requires him to contribute to the country that gave him his opportunity, and he can do that, firstly, by insisting on a tax rate that would help the country out of the appalling mess that it’s leaders have gotten it into. Secondly, by actively giving to non-profits who help the poor, the sick, the jobless and the under- educated. The need is huge; and yet, what he gave he would never miss (at least I can’t imagine why he would).