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

Aug 26, 2020 · 9:01 PM UTC

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That point came and went ages ago when Congress failed to identify spectacular antitrust violations because Congress has no understanding of online commerce.
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Replying to @marwilliamson
He could single-handedly solve a huge number of global existential issues. His progeny could not spend this money in centuries. Yet he just has that oily smile and does nothing for anyone.
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Replying to @marwilliamson
It is really bad for the economy for wealth to be highly concentrated and stagnant in few hands. We need money to flow throughout the economy through as many hands as possible as it encourages action, innovation, problem solving, etc.
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Replying to @marwilliamson
Yes, obviously. There should be no billionaires. No one needs more than 999 million dollars. No one.
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Replying to @marwilliamson
the crazy old lady with 4000 egg cartons is far less dangerous than the guy with $200 billion
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Replying to @marwilliamson
It's not like he has $200 billion just sitting in the bank... it's tied up in stocks. As Amazon stock price increases, so does his net wealth. It's that simple.
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Replying to @marwilliamson
Yeah, like 199.9 billion dollars ago
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Replying to @marwilliamson
Dont worry folks, the golden showers will come soon enough you just have to believe in trickle down economics hard enough!!
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Replying to @marwilliamson
Money is the lifeblood of the economy. The real economy where people live. Hoarding money drains the lifeblood from the economy. From 1951-63, America's boom years, the top marginal tax rate was 91-92%. Bezos pays 0%. He sucks the lifeblood from the economy. The real economy.
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Replying to @marwilliamson
It was roughly $199.9 billion ago.
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