Amazon does invest most of their profits back into the business, that is why they were operating with basically no profit. They still paid plenty of taxes though, like payroll taxes, that aren’t based on profit.
Then apply income tax or something on loans against stock over a certain amount, but I’m guessing that isn’t enough for you? I’m guessing like everyone else here the only solution is to tax them so much they aren’t a billionaire anymore, forcefully taking their company away from them in the process.
I’m fine with stopping new tax exemptions, but the ones we already gave were just have to live with. It’s not right to ask for it all back.
Yes, it is reinvestment, new ideas aren’t free, they cost startup money, it costs money to develop new products and ideas, it’s literally reinvestment of profits back into the company.
This doesn’t happen with financial assets though, at least not that I’ve heard of. Can you name an example of " we are going to give you a break on these taxes or fees" then that turns into “you did nothing wrong, but we are going to want those 20 years of unpaid taxes/fees that we told you that you didn’t need to pay, we changed our minds”.
Amazon does invest most of their profits back into the business, that is why they were operating with basically no profit. They still paid plenty of taxes though, like payroll taxes, that aren’t based on profit.
Then apply income tax or something on loans against stock over a certain amount, but I’m guessing that isn’t enough for you? I’m guessing like everyone else here the only solution is to tax them so much they aren’t a billionaire anymore, forcefully taking their company away from them in the process.
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I’m fine with stopping new tax exemptions, but the ones we already gave were just have to live with. It’s not right to ask for it all back.
Yes, it is reinvestment, new ideas aren’t free, they cost startup money, it costs money to develop new products and ideas, it’s literally reinvestment of profits back into the company.
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It was given and received, there are no take backs. If you want to complain, complain to the ones who allowed it in the first place.
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Where does the law say we can take it all away and require back pay when the other party didn’t break any rules?
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This doesn’t happen with financial assets though, at least not that I’ve heard of. Can you name an example of " we are going to give you a break on these taxes or fees" then that turns into “you did nothing wrong, but we are going to want those 20 years of unpaid taxes/fees that we told you that you didn’t need to pay, we changed our minds”.
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And? His wealth is tied directly to your much Amazon is worth, and it’s worth more of it is successful in reinvesting into itself