Bezos will not pay taxes, as he will borrow against his stock, at 1.8%, versus sell it. The average tax rate on big tech is now 12%. Coincidentally, the Congressional Budget Office this weekgovernment expenditures of $4.5 trillion and tax revenues of $3.5 trillion … yielding a deficit of almost $1 trillion. Deficits aren't necessarily bad, since investments can spur growth. Each of these is a bet, similar to a CEO deciding where to best allocate capital.
What is our trillion-dollar bet — where are we spending the trillion our kids will be saddled with? Simple: rich people. Lower tax rates on the wealthy and corporations were supposed to inspire growth and investment. They haven't. If it feels as if there is a connection between idolatry of innovators, monopoly power, tax avoidance, Jeff Bezos being worth more than the GDP of Morocco, and your indebted grandkids … trust your instincts. We. Have. Lost. The. Script.
profgalloway 👏👏👏👏👏
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon's marketplace business boomed during the holidays - Business InsiderOne of Amazon's most overlooked business just crushed another stellar quarter, and helped pump up profit margins Tesla just crushed their quarterly earnings too. I didn’t realize business insider is paywalled now or I’m missing something. I think this is a bad move. I would politely recommend they focus on volume and repetitive growth over margin given their relative market position as perceived by me
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon's third-party seller business is bigger, more profitable than AWS - Business InsiderAmazon's cloud-computing businesses gets lots of attention. But people are missing a key part of its retail business. 👌 Bezos is just trying to hype his stock. So what is his special sauce worth. He doesn't care about earnings so can't value the stock on that. This valuation is so high that it already discounts many great jams tomorrow. When you are as big as Amazon it is hard to deliver growth. Someone please sign up to the website and summarize the article for us.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wuhan coronavirus: Apple, Google, others close China offices, halt flights - Business InsiderWuhan coronavirus leads Google, Apple, Facebook, Amazon, and Microsoft to close China locations and suspend employee travel unless 'business critical'
Source: BusinessInsider - 🏆 729. / 51 Read more »
LIVE: Microsoft earnings - Business InsiderAnalysts are watching for continued growth in Microsoft's cloud business, particular after the company scored a $10 billion Pentagon cloud contract.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Microsoft Windows just had its best quarter in years - Business InsiderMicrosoft ended support for its Windows 7 operating system and encouraged users to buy Windows 10 or new PCs – and it was a big boon to the business.
Source: BusinessInsider - 🏆 729. / 51 Read more »