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susurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
Loc: SW US
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26470645 - 02/05/20 04:34 PM (3 years, 11 months ago) |
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DO.... YOU.....CONFESS?!
Frrrrrreeeeeeeeeeeeeeedooooooooooom!
-------------------- "If it doesn't work, you can always hit him with it."
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Ahab McBathsalts
OTD Windmill Administrator




Registered: 11/25/02
Posts: 35,107
Loc: Wind Turbine, AB
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: qman]
#26470663 - 02/05/20 04:43 PM (3 years, 11 months ago) |
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Quote:
qman said:
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Ahab McBathsalts said:
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The Influence said: So if all these billionaires paid people more money no one thinks that would devalue the dollar and or drive prices up...leaving blue collar workers in the same position as before?
I only took a semester of college macroeconomics so maybe I'm not the most intelligent on the subject. But my basic understanding of inflation as well as supply and demand tell me that's the way it would be 
Billionaires are the most mobile people in the world. If they don't like the tax laws in a country they can easily get citizenship in any other country of their choosing. Or lobby a more friendly country. They can relocate their corporate headquarters and never look back. Like Roman Polanski, but with more monies.
Peter Schiff doesn't even have that much money and he moved to Puerto Rico for it's easy tax laws. You don't even have to leave the USA to not pay any taxes on investment income, you can just move to hurricane alley for 182 days a year.
It's a silly argument, the rich are never going to leave the US and the protection it provides for their assets. Where are they going to go? China, Russia, Germany, Mexico? I don't think so.
Their assets are where they've always been, Switzerland, Panama and the Cayman Islands. The best reason to not leave their home country would be that it would trigger a capital gain when you become a permanent resident of another country usually. Like hundreds of millions of dollars in tax, but they wouldn't do that, because it would be fucking retarded.
https://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_billionaires
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Niffla



Registered: 06/09/08
Posts: 46,483
Loc: Texas
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Ahab McBathsalts] 2
#26470750 - 02/05/20 05:20 PM (3 years, 11 months ago) |
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Can't even imagine having that much money.
You probably have a squadron of servants around you every second. Need a bottle of water? Probably water taken out of a spring in a mountain cave in the Himalayas by the way -- send your designated water attendant. Need someone to call your weed guy? You have a guy for that. The phone dial guy. Of course you're going to have a driver. And a helicopter pilot. Private jet pilot. Wanna listen to Celine Dion? Bezos seems like a Celine Dion guy -- you don't bring up your phone playlist for her, or ask Alexa, you fly her in and have her sing in front of you live. You probably have someone who brushes your teeth for you. Actually you probably got your own dentist office in the southeast wing of your two hundred and fifty thousand square foot luxury compound. Your own barber. Your own bar with a bartender. Of course your own chef. Maybe even your favorite restaurant chains in your house. Like maybe Jeff likes TGI Friday's and Chili's. Neighbors too loud with their football watch parties on Sundays? Buy them out and demolish their property. Well shoot while you're at it you may as well buy out the entire neighborhood, have it bulldozed and fenced. You can put a fully operational zoo in the backyard. A water park.
And that's just Monday.
Jeezus. Shit's absurd.
--------------------
HAIL OUR NEW OTD KING
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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador] 3
#26470775 - 02/05/20 05:32 PM (3 years, 11 months ago) |
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OK, check this out:
In the United States, workers work among the longest, most extreme, and most irregular hours; have no guarantee to paid sick days, paid vacation, or paid family leave; and pay more for health insurance, yet are sicker and more stressed out than workers in other advanced economies. U.S. companies fret about rising health care costs—health spending per capita in the U.S. increased nearly 29 fold in the past 40 years, outpacing the growth of the economy—and institute wellness programs like lunchtime yoga, meditation, anti-smoking, or obesity prevention.
But Jeffrey Pfeffer, a professor of organizational behavior at Stanford Graduate School of Business, says companies are completely missing the point. Offering lunchtime yoga to stressed-out workers ignores the real reason why workers are so stressed out in the first place—management practices like long work hours, unpredictable schedules, toxic bosses, and after-hours emails. It’s not individual workers making bad choices about their health that’s making them so sick. It’s the way corporate America expects workers to work. And in his 2018 book, Dying for a Paycheck, he argues that the costs have become so great that it’s time for companies and the government to take responsibility and create real change.
Brigid Schulte: In your new book, you maintain that the workplace has become “shockingly inhumane” for everyone—white-collar workers, blue-collar workers, low-wage workers, managers. How so?
Jeffrey Pfeffer: My colleagues and I looked at 10 different workplace exposures and their effects on health—things like economic insecurity, work-family conflict, long work hours, absence of job control. We found that they account for about 120,000 excess deaths a year in the United States, which would make the workplace the fifth leading cause of death and costs about $190 billion dollars in excess health costs a year. So many of these workplace practices, like work-family conflict and long work hours, are as harmful to health as secondhand smoke, a known and regulated carcinogen. I chose the title of the book intentionally. We are literally killing people. People are dying for a paycheck. And I think it’s unconscionable.
https://getpocket.com/explore/item/the-way-we-work-is-killing-us?utm_source=pocket-newtab
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TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: tyrannicalrex] 1
#26471260 - 02/05/20 11:19 PM (3 years, 11 months ago) |
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Quote:
tyrannicalrex said: OK, check this out:
In the United States, workers work among the longest, most extreme, and most irregular hours; have no guarantee to paid sick days, paid vacation, or paid family leave; and pay more for health insurance, yet are sicker and more stressed out than workers in other advanced economies. U.S. companies fret about rising health care costs—health spending per capita in the U.S. increased nearly 29 fold in the past 40 years, outpacing the growth of the economy—and institute wellness programs like lunchtime yoga, meditation, anti-smoking, or obesity prevention.
But Jeffrey Pfeffer, a professor of organizational behavior at Stanford Graduate School of Business, says companies are completely missing the point. Offering lunchtime yoga to stressed-out workers ignores the real reason why workers are so stressed out in the first place—management practices like long work hours, unpredictable schedules, toxic bosses, and after-hours emails. It’s not individual workers making bad choices about their health that’s making them so sick. It’s the way corporate America expects workers to work. And in his 2018 book, Dying for a Paycheck, he argues that the costs have become so great that it’s time for companies and the government to take responsibility and create real change.
Brigid Schulte: In your new book, you maintain that the workplace has become “shockingly inhumane” for everyone—white-collar workers, blue-collar workers, low-wage workers, managers. How so?
Jeffrey Pfeffer: My colleagues and I looked at 10 different workplace exposures and their effects on health—things like economic insecurity, work-family conflict, long work hours, absence of job control. We found that they account for about 120,000 excess deaths a year in the United States, which would make the workplace the fifth leading cause of death and costs about $190 billion dollars in excess health costs a year. So many of these workplace practices, like work-family conflict and long work hours, are as harmful to health as secondhand smoke, a known and regulated carcinogen. I chose the title of the book intentionally. We are literally killing people. People are dying for a paycheck. And I think it’s unconscionable.
https://getpocket.com/explore/item/the-way-we-work-is-killing-us?utm_source=pocket-newtab
Good post.
It’s fucked up the stupid shit Americans are brainwashed into accepting as normal.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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susurrador
Psychedelic Cowboy


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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: TheFakeSunRa]
#26471292 - 02/05/20 11:51 PM (3 years, 11 months ago) |
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That.
Is.
Nonsense.
The guy is selling a book. Let's not read too far into this.
-------------------- "If it doesn't work, you can always hit him with it."
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LogicaL Chaos
Ascension Energy & Alien UFOs




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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: morrowasted] 1
#26471440 - 02/06/20 04:29 AM (3 years, 11 months ago) |
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Looks like Jeff Bezos might be in trouble for selling counterfiet products: https://www.washingtonpost.com/business/2020/02/05/white-house-adviser-accuses-amazons-jeff-bezos-backing-out-meeting-fake-products/
No wonder he has billions of dollars, hes been selling phoney high end goods! The bastard!
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1234go
Ban Lotto Champion


Registered: 07/08/09
Posts: 53,843
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: LogicaL Chaos]
#26471667 - 02/06/20 08:21 AM (3 years, 11 months ago) |
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I've definitely noticed in the last few years that the quality of some products have gone down that used to be very reliable. It's apparent in the reviews, too.
Hey, but that's just business...lol.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26471714 - 02/06/20 09:05 AM (3 years, 11 months ago) |
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feldman114 said:
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Tripsurfer said: How so? He smoked weed and shares dropped like 10% or something. Most expensive puff of smoke ever
In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million. Before its sale, Musk, who was the company's largest shareholder, owned 11.7% of PayPal's shares.
Bezos could sell any time. As long as it’s announced ahead of time. Like so: https://www.cnbc.com/2020/02/04/jeff-bezos-sells-1point8-billion-worth-of-amazon-stock.html
But what do facts know, you’re the expert stock owner here
Where have I said that he cannot sell shares? Im just saying owning shares is not the same as having an equal amount of spendable money. There are certain rules that the shareholders have agreed upon. Him announcing ahead of time is apparently one of them.
Also 1,8 billion worth of stocks is a very small amount of the total. Its very common practice that there is a certain majority vote in agreement on who will buy the shares, especially when the percentage of shares will buy a new shareholder (majority) voting rights. All these sort of things are documented in the shareholders agreement.
Im sticking to my point that having shares is not equal to having that amount in your bank account
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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Tripsurfer
Bring Back Asante!



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Posts: 7,129
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26471722 - 02/06/20 09:12 AM (3 years, 11 months ago) |
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Also, you all can be hating on Bezos but you should wonder why Amazon is such a succes
They sell regular products you can buy at a lot of other places as well. They are cheap though, usually the cheapest even.
People dont want to spend a few extra bucks at that small privately owned shop. People want the cheapest shit they can find.
Im the same. You always hear: "Buy local, help that small shop owner put his kids through college"
Well, fuck that guy and his kids. I'm buying cheap so I can put my own kids through college
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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feldman114
Stragler


Registered: 09/06/19
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26471729 - 02/06/20 09:18 AM (3 years, 11 months ago) |
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Umm...read the article dude. He quietly sold off over a billion dollars’ worth of stock.
Of course he won’t sell it all - what would he do with all that money? Invest in his community? Create a legacy of philanthropy like Bill Gates?
Nawww
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susurrador
Psychedelic Cowboy


Registered: 03/31/19
Posts: 1,432
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: LogicaL Chaos]
#26471748 - 02/06/20 09:35 AM (3 years, 11 months ago) |
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Quote:
LogicaL Chaos said: Looks like Jeff Bezos might be in trouble for selling counterfiet products: https://www.washingtonpost.com/business/2020/02/05/white-house-adviser-accuses-amazons-jeff-bezos-backing-out-meeting-fake-products/
No wonder he has billions of dollars, hes been selling phoney high end goods! The bastard!
Now THAT is some fucked up shit.
Edit** (Fucked up shit being the frauds, not the backing out of a meeting. People back out of meetings all the time for all kinds of reasons.) **End Edit
I used to deal with that issue almost a decade ago when I worked in tech for a cell phone company. We'd get these people who would call in at their wit's end trying to get their new iphone to connect to the network. Usually it would be a really long call because when a person says they have a brand new iphone, the last thing that came to mind (initially before these calls started coming in regularly) was that the device that says Iphone all over the box is actually just a wicked-cheap look alike and often the devices were completely unable to connect to data services. Only voice if at all.
The worst cases are when the people paid full new iphone price and didn't even get a deal on it... at the time it was mind-boggling that there were businesses out there doing this with devices as complicated as a phone. I've seen the fake Rolex and Oakley's when I went to NYC as a kid... but never tech items being duplicated.
A few years later after that started happening my buddy calls me about this crazy deal he got on a surround sound system for his livingroom from some random dudes in a parking lot. They approached him at a gas station and said they work for an electronics installer or dealer or some shit and they had an extra high-end system that was mistakenly ordered and the boss told them to dump it at cost and get to the next job in a hurry. Always beware if someone trying to sell you something is in a hurry.
The song and dance was extensive and of course a parking lot isn't a good place to test out the system.. so the main demonstration was taking one of the small satellite speakers out and handing it to my buddy to feel the weight. The guy says a heavy speaker is a good one blah blah and it was sure heavy!
So my buddy plunked down like 3 or 400 on what was sposdly a $2 or 3k system. It looked pretty sharp and sleek. But when I saw the brand name it was close sounding to a big electronics name, but not quite. Seeing the system and hearing the name... it almost rings a bell... but not quite. He gets it home and sets it up and it barely gets louder than listening to music on a cell phone and there is a rattling noise coming from the speakers... He opened one of the speakers up to find big chunks of concrete that has been cut to fit the speaker box.
Holy shit. This means that the scam was already written PRIOR to manufacturing these things. It is not a system that has had the internals swapped out. It was literally designed to deceive, not to play music.
Just a PSA in case you all haven't heard of this... they call them white van speaker men and will approach you in parking lots of places like Best Buy, Home Depot, and similar stores. There are several bogus brands that they use but it always seems to be speakers and surround sound systems. Do not buy this trash. It will look good and the price will be too good to be true. They may or may not be in white vans.
The deception is totally fucked. And when the deceptive items are being made in a foreign country, it proves extremely difficult to get these items off the market.
Doesn't help that the US is a hungry hungry hippo for cheap shit as it is.
Our products are being cut just like drugs. Let's stop being the sucker.
Thanks for posting that, LogicaL. Nice contribution to the discussion.
-------------------- "If it doesn't work, you can always hit him with it."
Edited by susurrador (02/06/20 09:38 AM)
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christopera
Stranger


Registered: 10/13/17
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26471754 - 02/06/20 09:40 AM (3 years, 11 months ago) |
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Quote:
Tripsurfer said: Also, you all can be hating on Bezos but you should wonder why Amazon is such a succes
They sell regular products you can buy at a lot of other places as well. They are cheap though, usually the cheapest even.
People dont want to spend a few extra bucks at that small privately owned shop. People want the cheapest shit they can find.
Im the same. You always hear: "Buy local, help that small shop owner put his kids through college"
Well, fuck that guy and his kids. I'm buying cheap so I can put my own kids through college
You should do more price checking. There's a lot of stuff that's incredibly expensive on Amazon. You ever try to buy paper towels on there? One of the popular topics around here is the price of coir, it's fantastically expensive on Amazon when compared to shopping at local pet stores or grow stores. The list goes on and on.
I run the IT department for three company's at my day job. When I am in a pinch I buy local, that means Best Buy. Amazon is so large that Best Buy is the little guy now. Crazy to think that, but without Best Buy there wouldn't be a single store to buy electronics in my Metro area. They've all gone out of business.
Amazon needs less customers, because at some point they will be so large that if they swing their weight around we are all fucked.
-------------------- Enjoy the process of your search without succumbing to the pressure of the result. A Dorito is pizza, change my mind. Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things I’m sorry it had to be me.
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susurrador
Psychedelic Cowboy


Registered: 03/31/19
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26471760 - 02/06/20 09:45 AM (3 years, 11 months ago) |
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feldman114 said: Umm...read the article dude. He quietly sold off over a billion dollars’ worth of stock.
Of course he won’t sell it all - what would he do with all that money? Invest in his community? Create a legacy of philanthropy like Bill Gates?
Nawww
Hey Feldman, did you see this earlier in the discush?
https://www.shroomery.org/forums/showflat.php/Number/26470238#26470238
-------------------- "If it doesn't work, you can always hit him with it."
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feldman114
Stragler


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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador] 1
#26471777 - 02/06/20 10:01 AM (3 years, 11 months ago) |
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Quote:
susurrador said:
Quote:
feldman114 said: Umm...read the article dude. He quietly sold off over a billion dollars’ worth of stock.
Of course he won’t sell it all - what would he do with all that money? Invest in his community? Create a legacy of philanthropy like Bill Gates?
Nawww
Hey Feldman, did you see this earlier in the discush?
https://www.shroomery.org/forums/showflat.php/Number/26470238#26470238
Look, you are trolling. Maybe you’re not a troll, but you’re doing that in this thread.
As YOU WERE TOLD Bezos donated just enough to write off 100% of his company’s taxes. It’s not even 2% of his income. Wanna know how much Bill Gates spends on charity? https://www.google.com/amp/s/www.businessinsider.com/bill-gates-reveals-why-hes-giving-away-his-90-billion-fortune-2018-2%3Famp
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qman
Stranger

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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26471804 - 02/06/20 10:26 AM (3 years, 11 months ago) |
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Tripsurfer said: And what do you think happens to the value when Bezos starts dumping shares on the market?
Over time, absolutely nothing. Amazon isn't trading at a "premium" because of who owns the shares. The market decides the value.
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qman
Stranger

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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: susurrador] 3
#26471812 - 02/06/20 10:31 AM (3 years, 11 months ago) |
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susurrador said: Minimizing taxes is like Viagra for businesses. Lower taxes and great business will explode with growth because the entity is confident in investing in growth and hiring and expanding. All good things for everyone.
Tax the fuck out of them and growth shrinks. No?
You're really out the loop dude. Companies haven't been reinvesting their profits back onto the company or economy for a very LONG time. They used ultra low interest rates to borrow money to buy back their shares, that's all.
You haven't been paying attention at all, you're spewing the old trickle down economics model. That's ancient history.
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Tripsurfer
Bring Back Asante!



Registered: 08/01/12
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: feldman114]
#26471831 - 02/06/20 11:05 AM (3 years, 11 months ago) |
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Quote:
feldman114 said: Umm...read the article dude. He quietly sold off over a billion dollars’ worth of stock.
Of course he won’t sell it all - what would he do with all that money? Invest in his community? Create a legacy of philanthropy like Bill Gates?
Nawww
I did read the article:
The series of sales began on Jan. 31, the filings show, and continued through Feb. 3, and were executed under a pre-arranged trading plan. In total, Bezos sold 905,456 shares in the company for $1.84 billion, according to the filings.
pre-arranged trading plan
-------------------- Ach en wee ben ik de klos, met mijn boog schoot ik een albatros... A philosopher is a person who knows less and less about more and more, until he knows nothing about everything.

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tyrannicalrex
Strange R



Registered: 04/24/03
Posts: 38,323
Loc: subtropics
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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: qman]
#26471838 - 02/06/20 11:13 AM (3 years, 11 months ago) |
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Quote:
qman said:
Quote:
susurrador said: Minimizing taxes is like Viagra for businesses. Lower taxes and great business will explode with growth because the entity is confident in investing in growth and hiring and expanding. All good things for everyone.
Tax the fuck out of them and growth shrinks. No?
You're really out the loop dude. Companies haven't been reinvesting their profits back onto the company or economy for a very LONG time. They used ultra low interest rates to borrow money to buy back their shares, that's all.
You haven't been paying attention at all, you're spewing the old trickle down economics model. That's ancient history.
ditto, called it earlier, you and I are on the same page here, love it!
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feldman114
Stragler


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Re: Jeff Bezos' estimated personal wealth, as of this morning, is about $129,500,000,000.00 [Re: Tripsurfer]
#26471851 - 02/06/20 11:24 AM (3 years, 11 months ago) |
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Quote:
Tripsurfer said:
Quote:
feldman114 said: Umm...read the article dude. He quietly sold off over a billion dollars’ worth of stock.
Of course he won’t sell it all - what would he do with all that money? Invest in his community? Create a legacy of philanthropy like Bill Gates?
Nawww
I did read the article:
The series of sales began on Jan. 31, the filings show, and continued through Feb. 3, and were executed under a pre-arranged trading plan. In total, Bezos sold 905,456 shares in the company for $1.84 billion, according to the filings.
pre-arranged trading plan
So you actually believe he can’t sell his shares? Even though he sold 2B worth while we were debating? Pre-arranges planning is an arbitrary term, Probably used here to save face so other shareholders don’t panic. Even if not, it’s not like you can go to the bank and withdraw $1.8billion!!! Stocks are liquid, by any standard.
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