Boots & Sabers

The blogging will continue until morale improves...

Owen

Everything but tech support.
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1741, 06 Apr 21

Bezos Supports Higher Barriers to Entry for Competitors

Heh

Amazon boss Jeff Bezos has said he supports raising taxes on US companies.

The comments by the world’s richest man come as US President Joe Biden is pushing to raise the corporate rate from 21% to 28%.

In case it was unclear, let me help explain this. Bezos and Amazon are very rich and operate on a global scale. They have legions of lawyers and accountants to shift money around the globe to minimize their tax burden. Emerging competitors do not have that scale or capacity. Higher taxes eat into an emerging competitor’s profit and ability to grow, innovate, and acquire. Bezos supports higher taxes because he knows that he won’t pay them, but many of his competitors will.

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1741, 06 April 2021

3 Comments

  1. Jason

    He is also very much against making it easier for his employees to vote to unionize … which is bipolar from his stance on voting in a presidential election. Hypocritical to the bone he is.

  2. steveegg

    If Bezos were a bit older, I’d say he was a hippiecrite.

  3. Kevin Scheunemann

    Liberals are awful. Just awful.

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