Jeff Bezos is the richest man in the world, worth over $108 billion dollars. He and Bill Gates general pass that particular baton back and forth, seeming to feel no shame at all about hoarding so much wealth. Amazon is worth $800 billion, according to CNBC, and in 2018 the company received a tax refund of $129 million with tax credits and deductions.
Both Gates, Bezos, and other billionaires often give money to charity to assuage their consciences or for PR buzz. They also dodge paying their fair share of taxes, which means middle class and lower-income people get hit harder, and public services fail because they’re improperly funded.
That’s why we even need all these charities! But we’ve reached a point in history where people are sick of it. Bezos announced that he’d be distributing $98.5 million to 32 organizations through his Bezos Day One Fund, to 23 states helping homeless families. The donations would range from $1.25 million to $5 million, according to Forbes. This is about what he gives every year. This year, however, folks quickly pointed out what was wrong with this picture:
If you made $50,000 per year this is the equivalent of giving away $45. pic.twitter.com/yBAeL7ExRV— Eat The Rich (@EatTheRichPod) November 23, 2019
Not to mention what he gave away is a FRACTION of what he makes off of interest alone from his wealth.— Eat The Rich (@EatTheRichPod) November 23, 2019
And if Bezos paid an appropriate amount in taxes, that money could go towards subsidized housing, mental health services, and treatment for drug addiction. A million dollars in a state is a band-aid on a gushing wound.
Buried Lede: He donated $98.5 million TO HIS OWN CHARITY. https://t.co/NsMGYDk6de— Rewhan (@_Rewhan) November 23, 2019
lol check out the details of Jeff Bezos's homelessness charity initiative. philanthropy is a scam https://t.co/ECfQA9Rosf— Rob (@robrousseau) November 24, 2019
Jeff Bezos could buy a $150,000 house for every homeless person in America and still have almost $20 BILLION in personal wealth
— Carl Gibson (@crgibs) November 23, 2019
A whopping .09% of his net worth. Thanks so much Jeff.
— punkassbamboo (@punkassbamboo) November 22, 2019
1% tax he’d owe 1.5B
— procint – solidarity #YPJ #YPG (@therepubliccan1) November 23, 2019
this is too generous to bezos. because of diminishing utility $45 means much more to you than 100 million means to him. it's more like the equivalent of you giving away nothing. https://t.co/LV87qDlPHf— Current Affairs (@curaffairs) November 25, 2019
We need to understand better just HOW MUCH money a billion dollars is. It is a THOUSAND MILLION. So divide this equation by 1,000. Let's imagine our generous donor has a billion. That would be like a person with a million dollars giving away 98 dollars. Still impressed? https://t.co/UYLoK8NrJm— Abigail Disney (@abigaildisney) November 24, 2019
Weirdly, there are always people defending Jeff Bezos, even though he doesn’t think or care about them, they will never be friends, and if they had a job at an Amazon warehouse they wouldn’t be allowed pee breaks:
The perpetually outraged will always have an axe to grind— Great and Unmatched Wisdom (@grego119) November 24, 2019
Oh boy here come the "He's a JOB CREATOR!" defenders.— Kass Fireborn (@KassFireborn) November 23, 2019
It's the money his workers make and he takes because of their labour.— Pete Olympian (@PeteOlympian) November 24, 2019
And did you give away 45?— Rudhran Narayanan (@Ripwolf_Leumas) November 24, 2019
Stop talking shit and blaming "the rich". https://t.co/14nkyyhi1M
Maybe folks think they’re a day away from becoming the next Bezos, and they don’t want anyone to criticize how they spend their hypothetical billions. Well, let me clear that up for you: you will never see even a fraction of the wealth that Bezos spends every year on take-out.