Amazon Really Made 611 Billion In 5 Years And Pays No Income Tax Screwage On A Grand Scale

[RAAD2]

On 2-16-2014 Amazon's stock price was $362 per share. It is now $1607. The price went up $1245 per share, times 491 million outstanding shares, equals Amazon "owners" accumulated $611 billion in "wealth".

It's not about "earnings" it's all market cap.

You can spend your profits building a company and have no earnings, and pay no dividends, but your stockholders can sell and take their profits any time.

No one even looks at how much Amazon really makes in the race to the bottom.

Please rec. Many are getting flack about why they are not happy with New York saying ENOUGH CORPORATE RAPE Of TAXPAYERS.

[dalton99a]

1. Kick

[CountAllVotes]

2. This is SO sickening!

I cannot bring myself to even read it!

Headline tells me all I need to know!

America for the rich and for the rich ONLY!

& recommend.

[Loki Liesmith]

3. Makes me glad for those Amazon shares in my portfolio

[RAAD2]

6. Great Stock Pick 5 Years Ago Congradulations

Many regular Americans own stocks. I am not attacking anyone just pointing out how your wealth increased partly because of a zero tax advantage Amazon and their friends have.

Great luck in 2019!

[MineralMan]

4. Who owns those stocks? Are they all greedy, money-grubbing oligarchs?

I doubt that. I suspect that a lot of those shares are part of people's 401(k) portfolios, and part of funds those portfolios contain.

Those are the retirement funds of people who work.

Do I like Amazon? Well...I don't know. I buy things from Amazon from time to time. Most people do, really.

[RAAD2]

7. Lots Of People And Foreigners Own Amazon Stock

We are all looking to get ahead. Nothing wrong with that. That's why we work so damn hard.

Amazon has huge advantages and can basically crush competition, and don't pay much into the kitty.

It's not fair for my, a competitor to a degree. I can't ship something to you the same day.

I think the tax rate should be based on your market cap. The bigger you are, the easier it is to manipulate markets legally or illegally.

Give the advantage to the little guy instead.

New York, give small businesses the 3 billion and watch twice as many jobs be created, instead of enriching the Bezos' of the world.

[MineralMan]

10. So, as a competitor to Amazon,

you are frustrated by that company's success. I get that. However, Amazon is not going away. So, you'll need to find a way to enhance your company's offerings in some way to help you sell more products.

One of my clients finally started selling its products on Amazon. By working on ways to reduce prices, it was able to increase sales dramatically by selling on Amazon. Not every company can do that, of course.

Amazon is a a reality in today's retail marketing environment.

You might want to see Amazon shut down. That will not happen. So, you're going to need to find a way to exist in a world where Amazon is a competitor. Is that possible? It is, but how you do that will depend on what products you sell, and to whom.

Meanwhile, Amazon keeps finding ways to compete better for the consumer's dollar. It's a real dilemma, isn't it?

[comradebillyboy]

11. And unions won't be making a comeback no matter what Amazon does.

[MineralMan]

13. Well, that's not necessarily true. Unions are probably going to have

to come up with new ideas, I think, if they are going to survive. As a solo entrepreneur, that isn't something that I have ever had to deal with, frankly. Unions need a new pattern if they are going to be able to organize workers successfully. I don't know what will work and what will not.

I'm sure Amazon is concerned about its own workers organizing into unions. I don't know what that company plans to do with regard to that.

I do know that Amazon's business model appears to be working, since it has successfully grown so much. That doesn't mean that it will always be a good business model, though. Perhaps a new one will be developed that can compete and win against Amazon. I won't be the one to develop it, though. I'm too old and far too unambitious.

In the meantime, Amazon is hugely successful and isn't going anywhere. In fact, it's still in its growth phase. We're all going to have to deal with Amazon in one way or another.

[RAAD2]

15. See Teddy Roosevelt

He knew.

[comradebillyboy]

19. I agree, but unions aren't exactly know for fresh ideas.

As a former union member myself, new ideas were the last thing I would have expected from my union. They had a permanent 1950s mindset.

[MineralMan]

21. Well, if they don't come up with those ideas, they'll just fade away.

It's not the 50s anymore, or the 30s. The world is what it is. It's going to be necessary to work within the current environment. Those who don't will fail, I'm afraid.

Do I like it? Nope. Can I change it? Also nope.

[marybourg]

5. Stock price is irrelevant. Corporate earnings

are what corporations are taxed(or not) on.

[RAAD2]

9. Yes And That Is Part Of The Problem

And I agree with most write offs. Not all. The write offs are determined by political prostitutes unfortunately. The prostitutes need campaign $$$ and getting corporate help is the easiest way to get re-elected.

I'm glad we are at least talking about it for once.

[ProfessorGAC]

18. Huh?

If a company is publicly traded, the company does not, by definition, hold that equity!
So, you're suggesting the company pay taxes on shares it doesn't hold?
And you want millions of small investors with 5, 10, 50 shares for retirement to be taxed on gains they won't realize for 10, 20, 30 years?
I don't think you thought this rant through!

[dlk]

8. Serious Changes to the Tax Code Are Long Overdue!

There’s no excuse for this level of mooching off taxpayers.

[RAAD2]

14. We Just Had One A Real Bad One

Most people opposed.

We really arent a democracy.

Sorry.

[empedocles]

12. 'We can have democracy . . . or we can have great wealth concentrated . . .

but we cannot have both.' - Justice Brandeis

[A great Justice]

[WeekiWater]

16. Amazon is not the problem.

Legislators are.

[uppityperson]

17. CNN article on it

https://www.cnn.com/2019/02/15/tech/amazon-federal-income-tax/index.html

[Ferrets are Cool]

20. And some are getting their undies in a twist

because they weren't able to extort 3B from New York. Fuck Amazon and their extortion tactics.