At a certain point isn’t this economic hoarding?
Jeff Bezos’ net worth just hit $200 billion

Aug 26, 2020 · 9:01 PM UTC

231
439
39
3,353
Replying to @marwilliamson
I believe that the incessant lust for more wealth is a sickness. If Bozo had a button he could push to double his wealth, how many times would he push it? I think he would go farther insane.
Replying to @marwilliamson
No, cause a share of $200 billion is used in investing. Also people are making the number grow thru voluntary transactions so I don’t think hoarding is the right word.
2
Replying to @marwilliamson
Jealous? Know it’s earning a living. Can he pay it forward? Donate. Yes yes he does
Replying to @marwilliamson
We can (and should) raise capital gains, whenever Bezos liquidates any of his stock, but unless you plan on nationalizing Amazon, how do you even propose taking his stock away from him? That is to say, you have to redefine property in the US to pull that off.
Replying to @marwilliamson
When you enrich the lives of everyone in society by bringing huge innovations and accessibility to the marketplace... your net worth will continue to rise. When you are ONLY a consumer who does not also bring value... your net worth will continue to fall.
1
Replying to @marwilliamson
We should not characterize it as him “earning this money”. He is actually pulling this money out of the system. Money that could go towards health care, education, infrastructure, etc.
2
Replying to @marwilliamson
Passed that point long ago. No one needs that much. There should be a cap on personal wealth with a use it or lose it obligation.
1
2
Replying to @marwilliamson
What point is that? Is there a point where we should have said "Hey Jeff, stop being so smart and building the best company in the world."?
1
Replying to @marwilliamson
It was many billions ago
1