Jeff Bezo's Net Worth Grew By 24 Billion In 3 Months How's Your Paycheck Holding Up?

[TheBlondBomber]

Maybe millions of people watch child porn. Don't pretend what people do is the bar for what's good for society.

So a guy makes his money entering into voluntary transactions with people for their mutual benefit and now you want to tell him what to do with his money. Sounds like you hate freedom.

 

[Gandhi]

Big fan of the amazon model.

I always thought wasting acres and acres of space and hours of time to sell stuff in retail brick and mortar establishments was something that could go away somewhow (no value add).

But just as I choose to buy form amazon I can also choose to vote to tax his ass. There is no absolute right to wealth obtained via a government enforced market economy.

 

[Mark Hunts FIST]

Big fan of the amazon model.

I always thought wasting acres and acres of space and hours of time to sell stuff in retail brick and mortar establishments was something that could go away somewhow (no value add).

But just as I choose to buy form amazon I can also choose to vote to tax his ass. There is no absolute right to wealth obtained via a government enforced market economy.

Flip side. Amazon Fullfillment centers are massive and they're popping up everywhere.
That's how they manage 1 day deliveries

For ex: Baltimore has a 23 acre fullfillment center.

 

[Gandhi]

Flip side. Amazon Fullfillment centers are massive and they're popping up everywhere.
That's how they manage 1 day deliveries

For ex: Baltimore has a 23 acre fullfillment center.

For sure but massive fulfillment centers at the edge of town to acumulate stuff before it comes to my door seems like a real distribution solution.

A million competing stores in the middle of town with tons of employees always seemed like a questionable model (with bulk stores at the edge of town being a middle ground).

Not saying I predicted amazon, but the whole concept of many aspects of old retail just seemed like it was ripe for “disruption”. Advances in transport automation will only take it further.

 

[Orgasmo]

I have friends that worked at Amazon. Apparently the corporate culture is pretty cut throat. You're either a rock star or your disposable garbage. It takes a hyper competitive mindset and a touch of sociopathy to advance in that company.

 

[Rational Poster]

For sure but massive fulfillment centers at the edge of town to acumulate stuff before it comes to my door seems like a real distribution solution.

A million competing stores in the middle of town with tons of employees always seemed like a questionable model (with bulk stores at the edge of town being a middle ground).

Not saying I predicted amazon, but the whole concept of many aspects of old retail just seemed like it was ripe for “disruption”. Advances in transport automation will only take it further.

Unfortunately most DCs pay shit to their workers and Amazon isn't unique in that approach either.

So while the retail model was certainly inefficient it provided many well paying jobs in every town.

 

[EradiatedHaggis]

We have to make the things he sells.. Or all of our money will disappear out of the economy and go to a few lucky people. Was Jeff smart for selling books online, and then allowing the infrastructure that created to expand? Yeah. Was it some major contribution to the world and genius invention? No. We can't let the money flow to the top without making any stops to keep the people that actually buy things, healthy. It even hurts most other rich people.

This is just...

1. What was the world like before Amazon? People made the items other people sold, you have to go back to before the industrial revolution 100s of years ago to be in a time when YOU, made the product YOU sold...and you did not sell many of them because YOU could not make ANYTHING in mass and YOU were POOR because of it.

2. Communist have been using the "Money is going to go to a few people" fear tactic since its invention by Marx over 150 years ago. It isnt happening nor will it because THEY need CONSUMERS to make money which means they NEED MONEY TO BE AVAILABLE to othres.

3. Amazon was a genius invention...just look at how many others have gone out of business because he had come up with an idea that served the needs of MORE people. Amazon almost single-handedly created a new type of business and forced everyone to CHANGE and EVOLVE.

 

[M3t4tr0n]

Amazon treats its employees like shit

I do use it though

 

[Not A Theist]

Amazon treats its employees like shit

I do use it though

This is the reality for a lot of people. We don't like global warming, but we continually create far more demand for oil than we need to and feel justified in doing so. We abhor labour practices in many parts of the world, but we constantly vote with our wallets for products which create demand for those labour practices, oftentimes eschewing options which do not utilize such practices. We protest against the brutal conditions of factory farming, but we go out and have chicken wings with the guys without thinking about it twice, creating demand for that practice to continue. We constantly blame the producers for the bad things going on in the world, while justifying our own complicity in it since the producers only produce because we keep on, effectively, asking them to do so with our consumer habits...

 

[Rod1]

We have to make the things he sells.. Or all of our money will disappear out of the economy and go to a few lucky people. Was Jeff smart for selling books online, and then allowing the infrastructure that created to expand? Yeah. Was it some major contribution to the world and genius invention? No. We can't let the money flow to the top without making any stops to keep the people that actually buy things, healthy. It even hurts most other rich people.

I know, but on the other hand "white genocide" so keep voting for the party of the rich or the white race will disappear.

 

[Rod1]

Why do poor people care about what rich people spend their money on?

Because of lobbying.

Why is there no VAT in the USA?

 

[Gandhi]

Unfortunately most DCs pay shit to their workers and Amazon isn't unique in that approach either.

So while the retail model was certainly inefficient it provided many well paying jobs in every town.

Not a good reason to keep a business model going. I don’t need a presentable retail staff person to help me choose a product in a small store three blocks from me, I need a schlob to pack a box once I have researched and chosen the product online and another guy to drive it to me. Amassing > Costco > Walmart > overpriced specialty shop.

Let the market work and tax it, again I’m all for Bezos putting up some of that cheddar to pay for a NSWF or a UBI. I am all for paying taxes myself.

 

[Ophydian]

We should probably give him a huge tax break so that he can devote more money into robotics and space exploration.

 

[Rational Poster]

Not a good reason to keep a business model going. I don’t need a presentable retail staff person to help me choose a product in a small store three blocks from me, I need a schlob to pack a box once I have researched and chosen the product online and another guy to drive it to me. Amassing > Costco > Walmart > overpriced specialty shop.

Let the market work and tax it, again I’m all for Bezos putting up some of that cheddar to pay for a NSWF or a UBI. I am all for paying taxes myself.

I didn't mean to imply that it should be maintained.

But the destruction of those markets have been going on for so long and there is no relief in sight.

Just more tax cuts for the beneficiaries.

I don't think taxing them more is the only solution. Amazon and other major DC oriented companies should just pay more. They're making ridiculous money.

 

[TheBlondBomber]

Walmart on steroids

 

[Ophydian]

I won’t buy clothes online. Fuck that returning shit. I don’t think the process is anymore streamlined when you take returns into account. The Amazon model allows introverts from feeling pressure to buy something.

 

[JonesBones]

TS you do know that some of the biggest advances in all realms such as medicine, etc, we all enjoy came from science like Bezo's is pursuing such as NASA's push into space, right?

Just asking.

So what advances has Bezos made again? I like Bezos but this point is simply stupid. You just made him into a healer. He has taken far more than he has given.

 

[Ophydian]

Honestly the only thing I buy online are fancy shoes, music, games and PED.

 

[JonesBones]

When this guy dies, his legacy will be to have been at the center of a fundamental shift in the consumer landscape, one which consumers have jumped on board with wholeheartedly because they really like the service he is offering. Just to be clear, he is rich because so many people loved what he was doing that they decided, of their own free will, to use his product extensively. While I think we should be sensitive to making sure he doesn't become a veritable Scrooge McDuck and things don't only flow up, I have a bit of trouble getting outraged over how rich he is when I choose to make him more rich, willingly, with some frequency, and I get something out of it that I place significant value on. I suspect the same will be true for a lot of people who will be outraged in this thread.

Beside that, this is all beside money he does put into developing technology and infrastructure. Again, when he dies, he will have changed the world, and arguably for the better if we judge "the better" by a standard of "providing more things that more people want."

I love how we worship Gods even before they become Gods. "He aint a god now, but will be in the future"

How is his home base of Seattle doing? No wealth inequality there at all.

 

[Not A Theist]

I love how we worship Gods even before they become Gods. "He aint a god now, but will be in the future"

How is his home base of Seattle doing? No wealth inequality there at all.

Some of us are not theists who lament that we live in a time that will always find another god to worship, even after the death of God. Predicting who such gods will be is a fun way to wile away the years before oblivion.