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50
Robert Reich is an economic professor who served in 4 POTUS administrations and he thinks Jeff Bezos has $180b sitting in a bank he can take out and just give to people (archive.is)
posted 5 years ago by YesMovement 5 years ago by YesMovement +50 / -0
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Comments (22)
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▲ 31 ▼
– deleted 31 points 5 years ago +31 / -0
▲ 18 ▼
– ButterBadger 18 points 5 years ago +18 / -0

Given that he's one of the ones doing the misleading, I think we can safely assume malicious intent on his part.

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▲ 10 ▼
– deleted 10 points 5 years ago +10 / -0
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– almond_activator 6 points 5 years ago +6 / -0

All other things being equal, malice requires more assumptions than stupidity.

A pattern of malicious behavior, clear motive for malicious behavior, and indications that stupidity is unlikely all break the leading clause.

Ironically, I think people are just too stupid in general to remember to evaluate actions in context... because they've been deliberately misled by the malicious.

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▲ 4 ▼
– Soup_Navy_Admiral 4 points 5 years ago +4 / -0

They've said for years that we should never attribute to malice what stupidity will adequately explain. Well I'm pretty well done with that. The end result remains the same.

Of course, then you got that Jungian(?) bit of analysis that Jordan Peterson sometimes mentions: If you can't determine the motive for a person's actions, assume it was to produce the outcome that occurred and work backwards.

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▲ 29 ▼
– Lurker404 29 points 5 years ago +29 / -0

Ironically the same leftists who want to redistribute wealth from the rich to the poor are doing the exact opposite with the lockdowns. They're killing small businesses and funneling all that money to Amazon & co.

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▲ 21 ▼
– M1919A2 21 points 5 years ago +21 / -0

Today's Small Business Saturday right? Well went by the old fashion independent toy store that had classic toys...out of business. Went by the independent dog bakery to pick up some treats for the dog...out of business. I wonder how many more places we haven't been to in a while that this will happen today.

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▲ 13 ▼
– deleted 13 points 5 years ago +13 / -0
▲ 12 ▼
– Lurker404 12 points 5 years ago +12 / -0

I fucking hate the left but I don't think anyone can say they're dumb at what they do.

Depends. The politicians who live off corporate donations? They're not dumb, just evil. The average useful-idiot lefty? They're as dumb as it gets. They're emotionally driven, immature children who can't see they're being taken advantage of.

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▲ 22 ▼
– deleted 22 points 5 years ago +22 / -0
▲ 11 ▼
– Lurker404 11 points 5 years ago +11 / -0

But we NEEEEEED another committee on diversity, inclusion and racism with 100 full-time positions! Or else the Nazis win!

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▲ 15 ▼
– Knife-TotingRat 15 points 5 years ago +15 / -0

The no sick leave part does suck, though.

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▲ 22 ▼
– YesMovement [S] 22 points 5 years ago +22 / -0

Oh agreed. Bezos is 100% an asshole who overworks and underpays his employees.

But he simply can't give his 1m employees 100k cheques as he doesn't have 1b of cash on hand.

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▲ 15 ▼
– Knife-TotingRat 15 points 5 years ago +15 / -0

Well, of course. Rich people don't roll like that. Most of their money is actually on paper, tied up in their companies, real estate, etc. And they pay themselves a salary of a dollar a year.

Cash is for the little people, and apparently, just some stepping stone between barter in the feudalism days, and whatever the hell "digital currency" they have planned next.

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▲ 12 ▼
– M1919A2 12 points 5 years ago +12 / -0

Yes and no. We keep a lot more liquidity on hand than most because we spent so many years farming and it takes cash to run those operations when you're buying fuel 10,000 gallons at a time or seed or fertilizer or repairs we cycled through more cash in a year than most people will see in their entire lives. So we keep almost 20% of the estate in short term treasury funds that we can write checks on.

And now that we lease the land my father's income is 12x his living expenses and our ours is about 5x our living expenses. And with the market reaching 1929 levels of valuation, or overvaluation, we've just been putting the excess into those money market/short term treasury funds because something is going to give and it's going to make 2007/8 look like a blip.

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▲ 3 ▼
– donaldthrow 3 points 5 years ago +3 / -0

Cash is for the little people,

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

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▲ 3 ▼
– lgbtqwtfbbq 3 points 5 years ago +3 / -0

This is a good video on the topic. TL;DW: lines of credit on relatively safe assets at very low rates given the high dollar value of the assets. You don't pay income tax because it's a loan not "income", and if your assets don't pay dividends you don't have regular taxable events on the assets themselves.

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▲ 6 ▼
– deleted 6 points 5 years ago +6 / -0
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– YesMovement [S] 4 points 5 years ago +4 / -0

Yes but he doesn't have 1b COH either.

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▲ 9 ▼
– Gizortnik 9 points 5 years ago +9 / -0

The US government literally has exceptions to it's bribery laws because American companies are not allowed to bribe foreign governments... unless they basically register the funds and let the US gov't know about it.

That isn't even an evil idea. You literally can't do business in some places without bribing bureaucrats and officials on a regular basis.

It would not at all surprise me if Bezos did have accounts specifically devoted to bribery.

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▲ 9 ▼
– TentElephant 9 points 5 years ago +9 / -0

Bezos can pay his employees whatever they are willing to work for. The Bezos family deserves to be expropriated for funding terrorists, as does Soros and Gates and...

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– the_nybbler 5 points 5 years ago +5 / -0

Despite the fascist name, Robert Reich is a Marxist with all that implies.

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