Posted on 01/01/2021 12:58:33 PM PST by Onthebrink
Amazon CEO and founder Jeff Bezos and the heirs to Walmart have made approximately $116 billion during the pandemic even as their employees have made a fraction of that in hazard pay, according to a Brookings Institution report.
Jeff Bezos and the Walmart heirs, the Walton family, have made 35 times the amount their companies gave to more than 2.5 million workers in pandemic-related hazard pay, according to the December Brookings Institution report. Amazon and Walmart have given significantly less than competitors such as Best Buy, Target and Costco.
(Excerpt) Read more at dailycaller.com ...
They didn’t really make anything. They still own the same percentage of their companies that they owned before, but the stock market now considers their share more valuable than previously.
However, if they tried to sell their shares, the stock market would quickly change its mind.
Uh, it’s good to be the boss. How about warn buffet? The Koch brother. The guy that runs ‘goodwill’? 💸💸💸
Yet the employees have a job and don’t have to wait on line for food or toilet paper. They can move to Venezuela if they don’t like it.
Not if Bezos only sells one share per day, thus avoiding any scrutiny. See that? I'm always thinking! ...
This is a so what issue. Corporation owners always make more money than their employees. If you want to make more money, own your own business or have skills other companies need and cannot get.
If we truly had a free market instead of the corporate crony s—t we have now among government, select corporations, and China, Amazon and Walmart would be just a pair of businesses in what would be a competitive marketplace in which goods and services are produced by Americans.
You got that right about their wealth. That is why laws such as this are so stupid
https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB2088
This law will tax the worldwide wealth of anyone who has been in California more than 60 days in the past ten years (Yes, it will be retroactive.). These people act under the delusion that Bezos’ wealth is in cash or easily liquidated.
We're basically there now. What do you think the lockdowns and the fear porn over COVID accomplished? They destroyed small businesses. You don't see Gov Whitmer locking down Walmarts do you?
Annnnnd? Your point is? Not aware of anything other than crony capitalism stopping any of the employees from starting the next great retailer, so if you have the idea, get after it! If not, be glad you have a job, and a warm house, and food, and stop complaining cause someone else has more.
We will be a socialist utopia soon if this crap continues.
Its funny, there are people who villian-ize these people for building systems that made the distribution of products so efficient that almost everyone uses them.
People bitching about them are jealous. Jealousy is a horrible thing.
If they put you out of business, then your business was clearly not serving your customers’ needs.
There are a lot of people who want to “limit” the amount of money these people make. So... Bezos is supposed to STOP developing and selling services in Mid January because “he’s made enough?”
How many people does THAT put out of business?
He just sold a couple Billion last quarter. And he made it back in about a week. LOL.
And they have all the risk if it goes belly up.
Well Cantanacci - you invent a website that sells stuff everybody wants and a store that everybody shops at....and YOU TOO can make a billion dollars.
I’m sick to death of ppl that resent the success of others who had a good idea and worked hard.
A BIDEN WIN WOULD BE AN AWARD TO CHINA FOR INVADING US USING COVID 19
Every time an American looked at an item for where it was made in it came from China. Now China’s reliance making everything was being threatened by a change in leadership in America which was a major consumer of those products. When Americans hailed their leaders decision to make many of them in their country US. Their politburo worried.
Worse yet opponents to the Chinese regime in power had its citizens protesting its policies , as in Hong Kong, since that change in American leadership wave the American flag and present Trump’s name when doing so. All of which presented those in power the need to destroy that leader Donald Trump.
Would a runaway plague created by a nation which could threaten populations of an enemy cause them to react by demanding extreme restriction of movement by its population to prevent its spread ? Thus wind up fragmenting its economy and create defeat for that leader’s upcoming election.
Americans better WISE UP/
Key swamp demons were making fortunes when they allowed US companies in a number of industries including pharma, computer; and electrical as well metal fabrication components even bicycles relocate their factories in China . To the point where China was our sole supplier. The money the CCP has now comes from US .If we play our Chinese checkers right we can really turn things around for the better not only here but in China as well.Check out this recent posting in Free Republic.com which the MSM and social venues will spike; http://www.freerepublic.com/focus/f-chat/3890312/posts. will be stopped by Biden and hailed by Walmart http://www.freerepublic.com/focus/f-bloggers/3920123/posts
There’s disparities in wealth we’re supposed to hate, and there’s disparities in wealth we’re supposed to be ok with.
If only regular people could own shares of stock......
What is to prevent these assholes from requiring everyone to get that woohu flu vaccine or they cant work there?
Then they will hire illegals to take the place of those who refuse to comply?
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