@@kihbjcjdjd7022 You are right, he deserves a lot more. Just the way he treats the employees is enough to really dislike and yes, hate the man. No one should have to piss in a bottle just to save their job. and if you have a warehouse in any state of the Union, it should have AC, people should have breakrooms that they don't need taxis to get to and should be able to join a union without the pinkertons spying on, threatening or harassing you. and that is just not all of it is it.
The local Amazon delivery guy here in Guwahati, Assam, India, still delivers on a cycle and the company doesn't even offer him a motorcycle. While he was sick with Covid, Amazon didn't give him pay.
That probably becasue he is a contractor . He is paid extra comared to normal employees but he does not sick leave or employee benifits because he is self employed . He actually is supposed to have his own motorcycle. Bit he gets paid extra for that
@@brahmaputramoskva1215 In the US at least, everyone is hiring and everyone is paying higher wages. Even in poverty, it makes sense to quit a job you hate. Given, you should already have another job lined up so that you don’t have to go a few weeks without pay. But, if that’s not an option, govt welfare during covid is pretty good. Not great, but better than nothing. At least right now, employers are so desperate for new employees, they’re often willing to schedule weird hour interviews or phone interviews, so not having time for an interview isn’t an excuse. Feeling trapped and actually being trapped are two different things. So poverty shouldn’t cause any issues, again, in the US. I can’t speak for other countries because I don’t live in them, so maybe it’s different in India or elsewhere.
@@bluecomet1109 while it is strategic, when your CEO is hated by everyone inside and outside the company, shuffling who sits in the hot seat is a pr move known as optics. Adjusting how it looks adjusts how the company is perceived. Adjusting optics is a strategy. So while you are correct your optics make you look like a smug wanker. See how optics work?
@@bluecomet1109 Not sure what you're talking about. Optics and strategy aren't mutually exclusive. Optics is all about how something looks to some relevant public, which can be part of a strategy.
You present this as a problem with tax codes, and yet fail to mention the $3 billion spent on lobbying in 2020 alone. It's not just that Bezos is smart enough to use the loopholes -- he gets to make the loopholes.
His maternal grandfather was a regional director in a government energy agency and owned a 25,000 acre ranch in Texas, and his adoptive stepfather was a petroleum engineer. They were certifiably rich once Jeff turned like 10, and I find it incredibly hard to believe that the maternal grandfather (whom was quite close to Jeff and his mother) didn’t provide financial assistance prior to that
@@Upharius That's how most tech startups work though, they run at a loss to focus on growth while being backed by investors. His parents did invest $100k+ (which still comes from a place of privilege of course) but nowhere near enough to keep the whole Amazon operation alive.
@@coffle1 For years though? With competition (ebay) that had a better model? I find this hard to believe as I have seen many small business die and the owners lose their minds.
Yeah, I have no idea how you think you can understand complicated family circumstances but I have a friend whose maternal grandfather was rich as well, but his mother wasn't because if she wanted money from him she had to listen to exactly what he tells her to do, so even though his grandfather was rich, when his mother was trying to start her own business she had to rely on loans and her own money.
This reminds me how there's no Amazon Switzerland because Switzerland won't let Amazon stay without paying taxes. Edit: Holy shit, I did NOT expect this much likes and comments
Enlighten me pls, but isn't Switzerland known as a tax haven? Like where most billionaires put their money in Swiss banks so they won't have to pay any taxes or very little taxes?
let's do it. What would it take to stop ppl from buying? from what I see, it's the same day/1-day free delivery. Only if ppl had a little patience and order in from different platform
Not included in this video: Miguel Bezos (Jeff's adopted father) worked for ExxonMobil for 3 decades as an engineer and held management positions... they married in 1968... and Jeff was born in 63 so he was 5 when that financial stability kicked in. The 25,000 acre ranch he grew up working on was his maternal grandmother's (the famous George Strait line of the family)... I'm sure his life wasn't super easy, but it is also true that Jeff isn't exactly the total rags-to-riches self made man one might think. I honestly think his adopted father has the more impressive story. Jeff's background appears to be broadly middle class. In 1995, his parents loaned him $300,000 to help get Amazon off the ground. That's about a half million in today's money (and probably much more than that in next week's money 😉). This is not to minimize his accomplishments. I just think we should push past the PR and look at the facts in context. Bezos certainly had opportunities not available to everyone (but fewer than some) and he made the most of the hand he was delt.
I remember when Amazon was an online book seller and competed with Barnes & Noble. Then they became an online store and people started buying everything from them especially during the pandemic. People like to hate on Bezos but who is buying all of these products from Amazon. Who is causing all of these workers to fill orders? It's crazy how a man creates a service that at least 80% of the public uses and gets hate for becoming wealthy. Does the creator of Alibaba get the same hate?
The tax issue isn't Bezo’s fault. It is the system of tax laws. Those who hate Bezo would take the risk that he took. What do the haters want? Bezo or change in the tax system?
@@ellamaeloftus3493 Welll ... it actually kinda may be his fault: "$3 billion spent [by Jeff B.] on lobbying in 2020 alone" (credit: Nikita Kiriy - next comment on my YT)
@@SDsc0rch Definition of fascism 1 often capitalized : a political philosophy, movement, or regime (such as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition 2 : a tendency toward or actual exercise of strong autocratic or dictatorial control
I've been working night shift for amazon for the past 7 and a half years and I can attest to the bad working conditions, however I work in Scotland and it was eye opening listening to how much worse American amazon workers have it. The amount of shit I've gotten away with? If it was an American FC I would have been out the door in a few weeks max.
@@hossel1079 That's a fantastic question and one I ask myself often. I hope some people take note of this exchange we've had because there are far better ways to spend your 20's.
@@musicaccount8349 I was tier 1 the entire time, yes. It probably varies from FC to FC but the management and HR dept in mine (EDI4) are all about hiring yes men and their friends. No one gets tier 3 / 4 on merit of hard work and competence.
@@HKFunster yes. Exactly. Govt should let billionaires roam free as long as they are useful. Elon , gates and Bezos are really useful if you look at their progress in environment. Elon , no fuel cars, mars.. gates has done more for climate change than US govt. Bezos connected earth. Not to mention starlink.
@@bloodcarnage8285 I think you may have missed my point or are unaware of the history of the internet. Without Govt funding, the building blocks of the internet upon which E Musk and J Bezos built their fortunes would not exist. There is a role for public, private participation. .
@UltraJeed yeah but google voice recognition can work offline. so it doesn't need to send all what you say to a server. Unlike Amazon. Plus side is also that it is that way faster than Alexa answering questions because it doesn't has to rely on fast or slow internet
@UltraJeed what if you dont have a phone because you are sick of all the bs? Like what happened to me? Plus i am saving some good dosh in the process, and you are not going to believe it... i even socialise in real life. :D.
He still is the Executive Chairman of Amazon therefore he still is practically the boss of Amazon. Him resigning from his position of C.E.O. means nothing...
To my knowledge. It means he can dump his personal Amazon stocks whenever he wants with no warning to the public. As the CEO you need to notify your investors. Conspiracy I believe. Even if you resign from your position. You still control everything. You just don't have the official and legal title. Til today I still believe Bill Gates secretly runs Microsoft.
@@kendall9758 bezos dumping his stocks would lose him most of his wealth, cuz it would create too much supply, and therefore decreasing the price. He will be fine with his current money
The space flight thing is just the straw that broke the camel's back for me. It's the anti-union practices and $0 tax payments through gaming the system that make me hate Jeff Bezos. He may be a case of the little guy rising up to become huge, but... he sure as hell ain't looking out for the little guy now he's powerful.
@@nusskernmischung5428 I can understand most of reasons people hate him for but I've never seen anything wrong with the bridge being dismantled in Rotterdam. It has been done many times in the past to let newly built ships pass through besides the government always gets paid for dismantling and reinstalling that bridge. The only reason people had a problem with it this time was because it was Bezos's yacht passing through that route
Billionaires wouldn't be making so much from space technology right now if we'd supported funding Nasa. Space tech stagnated for years when we should already be mining on asteroids to reduce polluting oceans with rare eath materials. 🤷♀️
@@violet-trash but that’s really the government’s fault. They didn’t find it, they didn’t consider it a top priority. So now we have billionaires overtaking nasa in terms of some tech and production capabilities. But I have to argue and say that the things spacex had done are incredible.
They're hated because they steal tax money from the middle class to inflate their stocks while paying very little if any tax into the economy. During covid the government printed billions of dollars and pumped it into the stock market essentially giving existing billionaires even more billions directly from the middle class taxes.
I hate elon more than jeff Elon tries to brand himself as a cool memer dude who’s just like everyone else and is a nerd Whereas Jeff more like owns it “yeah My employees work 12 hours a day without breaks but you like that one day delivery don’t you” It’s horrible Ik 🤷♂️ but what can we do
@@saline6244 well more or less after the end of the cold war people lost the interest in space travel thus see it as a waste of public money, then more tragedies like Columbia Shuttle happen and nailed the coffin
He might not have been born with a silver spoon but his parents were able to give him 300k in initial funding, it’s a bit misleading to leave that out. Making him sound poor.
Also forgetting that he went to college with a job at Mc Ds and started a company in his garage in the 90s. That is primo generational luck. Not good or bad, but if he ignores how good he had it and goes with the "Heratio Algier" story, he is showing his narcissism.
"Amazon is against unions". I'm not sure if this is an issue exclusive to Amazon. I worked for a large retailer whom I won't name and they showed us anti-union training videos.
Basically all the US and UK are, except when it comes to police unions. Which are exactly all the things people say about unions, except they constantly fight for people entrusted with public safety to not be accountable in any way
He just wanted to provide best consumption experience and he nailed it. I shop a lot on Amazon because it's far better than anything else. I don't like that they avoid paying taxes but then again all large ecommerce platforms of similar sorts do exactly the same - if you don't do it competition will eat you. We need laws fixed instead of picking a scapegoat.
You were smart to say that and I'm sure folks don't want to hear. Thanks for the rational. Keep that good space between your ears my friend!! Be positive!!
@@mozart116 keep subjective and don't believe what you hear!! Just ask yourself, when is the last time you ordered something off of Amazon? If you want to make a difference, boycott Amazon. Keep your high ground
2:05 That was so kind of them. Nowadays, colleges and universities just drain students of their money like how they didn't lower fees last year even though everyone was doing online classes.
@@garybrown2039 In most countries it's the employer that pays for social and medical security, or it's either divided between you and the employer. Personal income tax usually doesn't exist below a specific bracket...hence, people that barely earn enough to have 2 weeks of vacation a year, don't pay any income tax. But this changes from country to country. We're not getting screwed in the long run...even if we really paid 40% of our income in taxes. We earn enough, and we're certain that medical or financial emergencies won't make us bankrupt.
@@garybrown2039 At least we don't need to avoid calling an ambulance because we would have to pay for it. To me, this is insane, especially for a developed country. It's not like the money gets stolen from us, we get something in return.
@@uchennanwogu2142 There’s a guy in this comment section who did and described it as slavery. Many other employees and ex employees say similar. Eventually you have to realize not that many people are willing to tell a lie when they have nothing to gain from it
And then 2 years, the owner of company, his wealth will have doubled due to less to no OPEX keeping almost all profits, but at the end of 2nd year amazon sells will drop significantly as unemployment will be high, a few consumer....automation can comeback and bite the creator if they are not careful.
Workers are better than robots, because Amazon can use them as a leverage when negotiating with cities to get better tax schemes. if it wans't for their monopsony, there will be no worker.
@@huesenpaul1394 he's referring to the scene in TDK with Morgan Freeman and all those monitors. And he's linking them to the "Echo" system discussed in the video here
The problem with Jeff Bezos is that he has publicly walked on the people who got him where he is today. I have always said there are two kinds of bosses in the world. The ones who take staff with them and the ones who walk all over their staff. Jeff is the latter. Does he give bonuses to his staff for good productivity? Does he give Christmas bonuses? This is just one example of why he is publicly perceived the way he is.
So basically… what you are telling me… is… I should start a company, grow it, use the tax law to my advantage, start a trust to pass to my kids, and hire (through my companies) a team of lawyers and CPAs to help me pay nothing in taxes? Okay got it. Will do. Thanks :)
@@alw2839 I have a small business I run that makes me like $15K a month. That’s my full time job actually. Even at that small scale, I can write off everything from travel to cars, to food, to entertainment, etc… Still not big enough to do what Bezos does. But, there are a shit ton of benefits. Eventually I’m going to need to start more businesses and then that’s when things get interesting. I can legally move money from one company to another to legally manipulate how much profit (and taxes I pay) I make… I’m not there yet though. What people don’t realize is AMAZON isn’t a single company. It’s a lot of companies.
@@Matanumi Yes. Well some of us don’t have enough revenue to funnel into legal and set up all that. In the next 5 years I’ll probably start doing that. Depends on how well we do.
I think you missed the cardinal sin, where his company turns around and lobbies for regulations he couldn’t have survived himself coming up. It’s so boomerific… 😞
@@BasedContrarianLive do you understand what "investing" is... Amazon didn't show a profit because they reinvested every dollar into improving their business. You're able to get free 2 day delivery of every item in the world because of those investments and innovations
@@BasedContrarianLive Amazon made plenty of money. They just completely reinvested every cent into the company to continue expanding into the monster that they are today. edit: Having investors doesn't change the fact that they still made a profit, they just reinvested on top of the money from investors.
@@BasedContrarianLive my guy, I've worked for big tech companies. I'm not defending all of their shady practices. But certain things can't be denied. The fact that these tech companies don't show a profit for the first decade of existence has nothing to do with taxes and everything to do with growth. I also think you honestly have no idea what you're talking about with AWS. I literally use it everyday for dev. It's an amazing product and alot goes into making it work reliably (there's a reason people use it over competitors)
This boomer vs snowflake thing is a real distraction. Focus on what people control. Not their birthdate, looks, race and so on. It won't go well for you if you hate entire population groups on basis of immutable criteria.
This reminds me of Wal Mart. I think that companies that focus on the make the most out of less inadvertently place all that pressure on workers. However, I think that it's us, the consumers, that still keep shopping there although we know that those low prices are there at a cost others had to pay.
I think we see this kind behavior at most companies regardless of how people get treated. People with seniority or tenure usually put in less effort once they know they have job security. But these jobs aren't supposed to be the kind of job where people do them for more than 5 years or so, they are starter jobs hard work yes, but the kind of hard work that makes people respect a good job or the ability to go into a career where they enjoy working. But this is just my opinion, i know not everyone sees it this way. My very first job was in a factory that sold curtains, I would spend hours inside of a huge box cramming as many curtains as possible into that box. I lasted about 2 months. After that I never worked in a factory/shipping environment again. But when i was there i met some people who had been doing that job for over 15 years and they loved it. So all I'm saying is everyone is different and working at a place like that can do 2 things. Either create a long term drone, or someone who goes on to find something they enjoy doing like the design work i do now.
@@chellefell1331 No, ever. Capitalism as a system requires a permanent underclass. There always has to be someone on the bottom, often millions, so that the people that get rich and "make their money work for them" can...well...be rich. That's how the economy works. I'm not a hardcore anticapitalist btw before people blow up my notifs for the "hot take," I'm just willing to acknowledge the cons of the system.
One people ambassador voiced concerns and stood up in a Canadian Warehouse once. He was demoted and asked to leave the company soon after. This is how Amazon works.
@@marshmallowcello7528 After having had conversations with a few libertarians, i'm convinced that the vast majority of them must have some level of psychopathy or sociopathy. There's just no other way to support their ideas and opinions. It's basically just survival of the fittest, where the strongest and most brutal filter to the top and are allowed to leverage their strength and brutality against everyone else who has to be stuck under their boot. Anyone who doesn't have what it takes to get to the top at all costs is seen as worthless and expendable, only alive to serve the purposes of the people at the top and to be discarded when they've outlived their usefulness. It's pure dystopian nightmare fuel.
Jared Bryant If it is then a large portion of corporations are breaking the law. That kind of enforcement is rather common among non-unionized businesses.
If you hate him boycott Amazon who is stopping you. You want goods at very low prices and then then Amazon provides it to you and then also you complaint..
@@N7_YES because Amazon has driven out of business most of the local places that I would normally buy my products from. Remember radio shack? Yeah I can't find a local electronics component supplier anymore. Radio shack sucked but at least they had something. Nowadays, it's either amazon, or some Chinese website. Thanks bezos.
@@Opethfeldt yeah they literally pay $15/hour AND give healthinsurance. How anyone can complain about that is beyond me. If the working conditions suck compared to the wage, fine, find another job. No one is forcing you to stay there. Especially when there are literally millions of unfilled job positions at the moment.
noa tyrant regime is more accurate. And I am not kidding. And how people actually use devices as Alexia is absurd. They trust their voices and images to be storage in Bezo's cloud.. that´s pretty naive. nobody really knows (except for Bezos) how much data they collect and how they use it and how that can be used agaisnt you in the future.
Nah, when I heard how he told “the world” that he thanked the customers and workers of his companies he was genuinely not aware how this would sound for us mere mortals. Just give each brain enough time and it will 100% disconnect from reality. He is the best example so far and luckily he doesn’t wield this power like(for example) a hitler did. It doesn’t matter how “good” an individual is, it’s simply not evolved enough yet to be mature enough to wield such power
Stedman: He want to concentrate on his spacey project Blue Origin. Now he gets to play while he keeps making $8.5 Million an hour. Oh and by the way he is NOT much of a philanthropist from what I have heard....
@@sanjupatel5925 it’s literally everything though. Almost every good on the shelves has been made using some form of exploitation. Also we act “high and mighty” as they’re necessities in the modern world. Although we are all bad buying these goods we are no where near the level of evil as the likes of Bezos
This was a brave documentary ColdFusion. Great work as usual and Impeccable quality of Journalism TY for existing Dagogo and also TY for existing Dagogo's father who instilled this clear quality of annotation in you.
But he does pay millions in taxes with write offs like property taxes on his multiple properties, sales taxes, etc... But if you say that he needs to pay more, that, I would agree with you.
Yeah, too much exploits in the taxing system also play at fault here. If billionaires "legally" don't have to pay taxes as much as they should, maybe the system should be revised to make it no longer "legal".
@@28ebdh3udnav Yeah but he's still not paying a fair share. If I make 50K a year I get taxed on that 50K. If Amazon stock increases 100% in 4 years Jeff's wealth goes from 100B to 200B meaning he made 25B per year. Most of that 25B is tax free because he barely sells stock. Instead he takes out a secured loan (25B as collateral) and he lives off the loan. Meaning he can technically use his money without selling his stock and only paying like 2% interest for his loan. This is clearly a cheat for the rich. They get to accumulate wealth tax free because 99% of their income is awarded in stock. This bypasses income tax. Then whenever they need cash they take out loans against their stock, bypassing capital gains tax, and use the loan as spending money. Meanwhile an average Joe like me can't do that. First most of my wealth is awarded as paycheck. Even if I wanted 100% of my check in stock my employer wouldn't allow it. I can put a fraction of my income in a tax free 401K but that's it just a fraction. The government limits how much you can put in a 401K because if it was unlimited we would all be avoiding taxes just like bezos.
@@felixf4378 the idea behind this is to incentivise Joes to build cie instead of living of somebody else's. You know the be a man build your own shit...
Amazon stole 61.7 Million dollars between 2016-2019 from it's Amazon Flex drivers by taking their delivery tips! My question is, who at Amazon goes to jail!?
I can attest from personal experience and as a former employee of Amazon. It's not a great company at all not only do they work you in bad conditions and make unreasonable expectations in productivity they also have a shitty HR department but they also work against you
The people he have in place at amazon will continue. If people didn’t show up to work for one day any company would be crippled and some jobs needed, certificates and degrees and training so they would not fire everyone . Money keeps the rich in power we could take some of our power back if we cut back on spending, grow some of our own food. people believe that if they don’t go along they will loose their jobs, most of us will loose our jobs anyway as we have for years to machines.
I don't think he can crash instantly, the company with so little profit margins and big real assets (warehouses etc) will rather slowly bleed money and trying to attract more and more capital. "Too big to fail".
@@luddity Indeed; corporations are the true rulers of America, the politicians are only there to give the people the illusion that their votes have any influence on things.
@@joesterling4299 - they might want to look at their 401K or IRA mutual fund holdings too --- chances they are benefitting from Amazon stock in those mutual funds.
Small businesses are mostly trashy and extremely limit what the customer can buy. You're talking about going to the middle ages. I'd rather have everything I want to buy at the click of a button.
ohh! ya like that would solve all the problems. it would just make 1 million people he employed go unemployed. Just because the CEO implements bad policies you dont go to destroy the company instead you should try to fix it. Cancel culture is shit.
Amazon made a lot of small business successful as well. Most of them sell straight through Amazon and it actually made it much easier for them. Hating bitch
@Siberian_Psycho We pay the exact same but our taxes go on the nhs and our services, Yours goes on whatever the hell it goes to haha. so probably why it's free for us.
For some reason I was thinking you said the first episode and I was wondering what this had to do with forcing a politician to have sexual intercourse with a pig 🐷
Seriously though, to get around people opting out for privacy by saying some else consented in your area is genius. The more that blindly accept, the more your privacy is deteriated.
Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today. Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
That's the thing, it's totally compatible with the god of 'democracy' as well ... the **herd** is the only entity that gets choice, the little guy who wants to opt-out and claim his/her fundamental rights is ignored, or demonized when they attempt to fight the status quo. No wonder Bezos decided to buy a major news outlet in DC ... even if he runs it at a loss, he knows it can be used as a lethal weapon against political dissent against his power and influence, and a cultural battering ram to deflect attention away from the real problem with the west; globalist, multinational, tax-dodging, subversive, small business killing, billionaires who owe no allegiance to anybody except themselves.
Well apparently our governments are that dumb or this is a setup... U know how many agencies i have on my ass if i even miss a dollar on a payment. If its true the irs could just tax the money back for every package delivered. And apparently The new amazon game is breaking peoples videocards...You dont hear anything about this from this internanny.
It looks like we may all have to give up our right to privacy and try to get it back later, some people are getting away with hiding from the internet and taking advantage of the rest of us
@@mandelbro777 Second I heard he bought that paper I had to take it as overt propaganda ever on. Nobody that rich gets into news for benevolent purposes
You all are money thieving Marxist, jealous of his successes's.just like all Marxist you party, waste money on booze travel and play all envy a person works hard, takes all the risks for years, then you all wonder how he did it.
@@raavellar bro I'm a full blown capitalist but they way Amazon can forget about taxes is not a fair playfield for the market, most small companies pay taxes and keep growing, amazon doesn't and it murders its competition with unethical practices, today's monopolies not only have money but control information and our privacy in inaceptable ways, Amazon can keep having success without doing that
There’s a great irony in hating the company for what the government does with their tech, then asking the government to stop them from doing the other no-no things they do. This isn’t to insult an ideology, it’s just ironic to me. The powers that are supposed to balance each other out instead work together
That's because the overwhelming ideology in USA can be described as some form of individual capitalism. There is no irony in this regard. The system and the underwhelming ideology is the root problem. USA has not always been like this. There has been a major change towards the right since the 80s. If Ronald Reagan was around today he would probably be labelled a socialist.
@@probusexcogitatoris736 I see that and if JFK was alive, he would be labeled as a right wing extremist. The linear political ideology scale has expanded greatly in the US. The radicals on the far ends have the loudest voice and are the ones who define the whole group. Then there’s the extremist who don’t speak up or take action. They just keep to themselves, which is fine by me as long as they don’t weaponize government against the other side or they don’t harm another individual/ individual property.
@@probusexcogitatoris736 is the best we have, the last time we claimed equality people died of hunger while an authoritarian government took their fair share of corruption money
@@eriottomakurashi What is the best we have? Crony capitalism? I beg to differ. I am of course biased, but in Europe we have countries with much more equality and much less corruption. I don't know what you are referring to. But, I know that Americans often are horribly ignorant of the rest of the world. They seem to think it's either American capitalism or communism. They don't seem to realize that there are many other alternatives in between. This polarized view of the world is ripping USA apart.
7:00 - A little bit was gone into with the whole "loans avoid taxes" thing, but the biggest problem I find is that people don't understand that net worth IS NOT bank account balance. It only means something if they sell their stock in the company they own - in other words, net worth means "what their companies are worth, if someone bought them". It's like saying that your precious dish collection is worth $10k. It isn't worth anywhere near that much if nobody is willing to (or in the Net Worth case - even able to) pay that much for it. Avoiding taxes through loans is not great, and could use some reform I'm sure. But really, people need to quit mixing up net worth with some idea of a bank account balance (this "dollars per minute" stuff).
@@FalconFour “Just so everyone knows, Bezos’ wealth is not even in hundred dollar bills. This is something many people will be surprised to hear. I am very smart.” That’s you. That’s what you sound like.
Turnover at Amazon and their parent companies is high due to the employees being overworked and underpaid. Not getting raises even when they excel in their positions.
@@jaredbryant8297 looking at comments like this looks so weird. In my country the minimum monthly wage is 600 USD for 120 hours of work. People would do so much here to work for Amazon in the warehouses.
@@MegaJimbob125 100 Czech Crowns/hour seems more logical to me. Nice round number. As for why these employees work under Gulag-like conditions, the answer is simple: they want to. If you don't like that, then don't work for Amazon, and, most importantly, don't buy anything from Amazon. They practice price gouging. I was looking to buy an excavator a few years ago and was looking at offers from Amazon, and by sheer coincidence I did the same exact search for the same exact excavator at my friend's house on his machine to show him, and was shocked that the prices he was being offered were about half the ones I was seeing. Then I did some digging and found that this was part of Amazon's strategy: to have different prices for different customers based on their profiles. After that, I never bought anything from them ever again.
He looks more like Gold Member... "I love gooooldd." I'm sure he can afford to pay Beyonce to stand in the background, 24/7, just to say, "solid gold."
To show losses, amazon workers were asked to destroy brand new electronic products in warehouses in UK. These cost a few hundred million dollars. Imagine if real-life Lex Luther had decided to donate it instead.
No where in the articles I read about this did it say it was to show losses. The Washington Post article states they believe it’s due to excess product stored in the warehouses by third party companies.
If you expect stockholders to pay taxes when the stock price goes up, do you expect government to pay stockholders when the price goes DOWN?? And don't forget that everyone with a 401K or a pension is a stockholder.
Worked for the company for a few months. Walked upwards of 14 miles a day. Nails on my little toes became infected and eventually fell off, and I trapped a nerve in my back, which was pretty excruciating. Being on a zero-hours contract, got paid nothing over the two weeks it took to recover. Worked hard, but was still laid off at the drop of a hat in early January, as the volume of work dropped off following the Christmas peak and final exit from the EU.
Although I wasn't aware of Jeff's upbringing, I feel it was an oversight to not include that his startup was nearly entirely funded with his parents wealth
Definitely felt like he purposely excluded this info to paint Jeff in a better light. How do you research a video on Bezos and not know that he was given $245,000 in 1995 money, which back then was an insane amount of cash. Perhaps the creator received a large amount of money to start up his channel and self reflecting on advantages one is given is often painful for those that want to think of themselves as "self made" and that bought into the meritocracy myth.
@@itemushmush Amusing how haters try to take away from people who succeed. $300k from his parents. His Dad was an immigrant who came here, got his degree and worked for Exxon. Still Bezos had to package delieveries... Literally... on his knees and hands until he could afford a table so he could stand and package delivereries. He did this over 12 hours every day. Here come people like you (who didn't believe in his dreams when he started or even know he existed) to conveniently ignore context and focus on whatever to justify your absurd hate/judgment for people like him as if you are denied the same opportunities. Elon seems to be the next victim on this ignorant crusade 🤦🏾 smh. I am not going to read any response as it's more of the same passive aggressive hate garbage.
Why should he? He worked his ass off and achieved amazing success. He knows he played the game to win, and very well. What an army of malcontents may shout at him means nothing.
@@joesterling4299 "Working his ass off" doesn't quite justify his over-the-top arrogance. Playing the game to win... you mean abusing the laws just to avoid paying nearly any taxes? And the "army of malcontents"... you mean the 1000s of Amazon employees that are worn to the ground, just to satisfy Bezos wallet? But I guess you're one of those brown-nosed fanboys - so you're a quite different plane than us in reality world ;-)
Child labor used to be seen as fine by the law. Why should expecting to fire your workers and squeeze them until they are no good to you anymore as something different?
@AJ Thomas Jeff Bezos, the richest man on the planet who runs a trillion dollar for-profit company is a communist? I think you are confusing neo liberal with communism
@@clarifyingquestions Not like they have much of a choice when Amazon shoves it's products in your face for free while other companies have to pay to be on the #2 spot
@@clarifyingquestions This is a classic boomer argument and fails to consider that amazon has created a business climate that no one else can succeed in other than them.
@@MadBroStudio Walmart is who is Amazon's competition is booming. Gen z, Gen X, Boomer pick any generation you want to disparage but if you use your brains you will win at life. Kudos to Bezo and the Walmart CEO and the Costco CEO and all the twentysonethings that are crushing it as youtubers. Let s go Harry Potter grab a brain and get to work!! You can do it. God Bless.
No. Being obscenely rich while your tens of thousands of workers struggle to make ends meet , IS A FUCKING PROBLEM! How much is enough for these people? HOW MUCH!?
@@bogdanb.g.1652 lol get another job. Amazon deliberately refuses to give the bulk of their workers employee status so they can chew them up and throw in the next bunch. The money is higher than minimum wage but the labour and expectations far more than what is paid to them. However, no rights, no cases to bring. And you get everyone virtue signalling but nobody wants to stop using Amazon because they're now so reliant on them.
Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today. Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
Isn't that true for every single company in existence? The workers finance the boss they are working for, in this case Bezos. The comment may be rude, but any single rich individual who owns a company could've said it. I believe that is the pettiest reason to hate him. The echo devices and terrible working conditions are far bigger reasons.
i guess ur the type of person who goes on twitter to argue and cant fact check ur info. he said that in a good way to show that his workers helped him to get there. and he also donated 200mil$ as soon as he returned. just stop arguing that someone is evil just cause he is rich and successful. in fact, u could use that time to make ur life better
Amazon's work culture is easily the worst and most toxic among big tech. A friend who's in a better position in AWS development team fixed a vulnerability, for which he was promised a spot award. But the actual award he got was very bizzare. They told him that that real result of the fix would be visible 2 years down the line, so he was granted the award, but it will be fully credited after 2 years, if he stays that long. So so toxic I can't even begin.
@@RepEvox Except it’s not a restricted stock. It’s a spot bonus. Usually that kind of vulnerability fixes/optimizations/improvements are rewarded with instruments of immediate monetary value, not a promise on a future date. They serve a different purpose compared to restricted stock units which incentivize staying longer at a company. Literally every other tech firm rewards such things with gifts like ipads, playstations, or vouchers, even bonus payments. I do not need to say more about poor work life balance of Amazon’s tech employees, horrible engg. culture, cut-throat competition etc. The world knows it all, and even if you didn’t just go to any review site, and look at reviews of Amazon’s software engineering jobs.
You can't say "it's the system, not the billionaires!” because the billionaires have so much money that the pressure they bring to bear on politicians is inescapable. Their money gives them massive influence, so they keep the system this way.
Actual Communism had pretty much failed as an experiment decades back, because of what the goddamn wealthy tyrants of their time partly did; they made disasters on and rose too far above the overwhelming majorities of their peoples, some of whom are all dirt poor to this very day.
Its easy to blame a couple dozen people for the woes of the world, but there is also the hundreds of thousands of people that didnt rebelle, that didnt stand up, that didnt speak up who contributed to the world we live in. Its easy to blame someone who want more power than they need, yet we ignore those who find security in beeing powerless, and both of these extremes are equally unhealthy.
@@liamberthou-lochet6880 well then, seems your mission is to chorale the masses without being assassinated, paid off, blackmailed, killed in an "accident", used as political fodder. You see where this is going right? The age of surveillance capitalism is so powerful that anyone who tries to stand up are snuffed out immediately and the news and tv are purpose made to make us less likely to rebel.
10:43 "That's just the way the law is." Then change the law. That's why laws have to be updated and changed since it's obvious that the old laws aren't doing their job right which is to ensure fairness and equality.
Hard to do when these rich corporations "privately" fund politician's campaigns and then the politician just makes laws that benefit the company that the rich donor owns.
The tax situation in USA never cease to amaze me, American people are presumably the most free democratic people you guys have great power and you can make your voice heard, despite this the people seem helpless and overwhelmed by the power of the corporate sector and big businesses and you allow them to do whatever they want, there must be something Americans can do
Not really. The popular vote doesn’t matter, and anything we try to do to restore the wealth balance (GME incident, etc) gets shut down by the corporations and lawmakers that the corporations pay for. Capitalism is an amazing thing, but lobbying is just legal bribery and the numbers the corporations can put up so vastly outweigh what the public can, that the US is effectively a corporatocracy
The picture with the woman holding the sign " we are not robots " is really sad because jeff plans to replace them with robots anyway so she is just reinforcing his vision
That's good, we won't have to work in blue-collar jobs anymore and can focus on our own hobbies or careers until we reach the singularity and the AI merges our conciousnesses with its expanded hive mind and turns all of us into one entity.
He is Dr. Evil incarnate. His spacesuit should have been modeled accordingly. His space pod should have been modeled after a JB Big Boy statue. THAT is how it should have gone down.
@@alessiodelcastillo1613 Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today. Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
As he ascended in his rocket and the entire humanity slowly comes into view beneath his feet. He was pleased with what he has achieved and "it was good".
@@mutha-moses His shares in amazon - increase in value (so called) at that rate thanks to government fed monetary policy and low interest rates - plus covid relief money printing. Who buys and bids up the shares? and why? and where did the money come from?... amazon plus all the top tech stocks are just a symptom of failed money printing policies by government (left or right doesnt make much difference).. Looking at bezos is missing the bigger picture
There was also a whole thing with amazon paying fake warehouse employees to make comments about how great the working conditions are and also some drama about them hiring people to make an AI that could detect anyone favorable to unions.
_The answer starts with:_ "He looks and behaves like "Daddy Warbucks", treating the bulk of his workers like "turnaround slaves" and could end poverty but avoids taxes..." _It ends with:_ "...who's company is actively expediting an age of technocratic feudalism and surveillance state dystopia."
Sounds like working for Amazon is pretty dreadful. As a hobby author, I also hate him for crushing book prices - authors get nothing now and very little of any worth is published.
After watching an Amazon documentary it would appear that Bezos has a pretty ruthless anti competitive business streak. Also when it comes to his Amazon Fulfillment Centre employees it seems he works them pretty hard to the point that they actually don't like working for Amazon and his comments about them paying for Blue Origin is simply gaslighting. They certainly don't' feel apart of this accomplishment. Unlike the janitor at NASA that felt apart of Apollo program, even though his part was small, he still felt apart of the NASA family.
@@lelouchvibritannia1788 He started off by selling books out of his warehouse, so that Amazon became the dominant buyer from publishers, so he then drove prices down. Look at the prices they charge now compared with the publisher’s usual price. It has crushed margins for publishers, who have been unable to pay authors much. End result is the torrent of rubbish in the book trade as it is simply not worth the effort for authors.
@@davidhollins870 publishers price was outrageous anyways, and I’d say they are mainly lower due to material big price difference between physical copy and digital
I'll be interested to see what you guys think of this one. Thanks to Morning Brew for Sponsoring - sign up for free here cen.yt/mbcoldfusion10
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Yooooo :) so early its not even in the video tab yet!
Great video! 6:46 "$142,000 per hour minute", everything else is fantastic
He doesn't deserve so much hate
@@kihbjcjdjd7022 You are right, he deserves a lot more.
Just the way he treats the employees is enough to really dislike and yes, hate the man.
No one should have to piss in a bottle just to save their job.
and if you have a warehouse in any state of the Union, it should have AC, people should have breakrooms that they don't need taxis to get to and should be able to join a union without the pinkertons spying on, threatening or harassing you.
and that is just not all of it is it.
All these interconnected Amazon devices brings new meaning to the old phrase "In Soviet Russia you don't listen to radio, radio listens to you."
In this case it maybe your neighbors radio that's listening to you and sending your whereabouts as you quietly go about your business.
In soviet russia goverment bugs your house. In capitalist USA you bug your house.
@@ALC100percent willingly and legally
@@ALC100percent Holy shit, this sentence is perfect. Well said, sir.
Including all smart phones.
The local Amazon delivery guy here in Guwahati, Assam, India, still delivers on a cycle and the company doesn't even offer him a motorcycle. While he was sick with Covid, Amazon didn't give him pay.
That probably becasue he is a contractor .
He is paid extra comared to normal employees but he does not sick leave or employee benifits because he is self employed . He actually is supposed to have his own motorcycle. Bit he gets paid extra for that
nobody force him to work for amazon
@@uzzyonline poverty does
@@brahmaputramoskva1215 In the US at least, everyone is hiring and everyone is paying higher wages. Even in poverty, it makes sense to quit a job you hate. Given, you should already have another job lined up so that you don’t have to go a few weeks without pay. But, if that’s not an option, govt welfare during covid is pretty good. Not great, but better than nothing.
At least right now, employers are so desperate for new employees, they’re often willing to schedule weird hour interviews or phone interviews, so not having time for an interview isn’t an excuse. Feeling trapped and actually being trapped are two different things. So poverty shouldn’t cause any issues, again, in the US.
I can’t speak for other countries because I don’t live in them, so maybe it’s different in India or elsewhere.
I doubt Jeff will lose any sleep over being hated when money is working for him and talk is cheap.
He didn’t leave the company. He promoted a new CEO while maintaining the controlling share of the company. It is purely an optics move.
Strategy* not optics
@@bluecomet1109 while it is strategic, when your CEO is hated by everyone inside and outside the company, shuffling who sits in the hot seat is a pr move known as optics. Adjusting how it looks adjusts how the company is perceived. Adjusting optics is a strategy. So while you are correct your optics make you look like a smug wanker. See how optics work?
@@lexdemonica you are just spewing stuff you know nothing about
There is a saying that goes: Own nothing, and control everything.
@@bluecomet1109 Not sure what you're talking about. Optics and strategy aren't mutually exclusive. Optics is all about how something looks to some relevant public, which can be part of a strategy.
You present this as a problem with tax codes, and yet fail to mention the $3 billion spent on lobbying in 2020 alone. It's not just that Bezos is smart enough to use the loopholes -- he gets to make the loopholes.
Exactly.
The tax laws favor the rich because the rich lobbied the government to make those laws.
If they make the tax higher, they'll just make more loopholes cuz it's worth it to not lose half ur money lol
“Screw the rules, I have money!”
@@Snadzies and the rich are government
Add to that most of the congress, is dominated by millionaires.
His maternal grandfather was a regional director in a government energy agency and owned a 25,000 acre ranch in Texas, and his adoptive stepfather was a petroleum engineer. They were certifiably rich once Jeff turned like 10, and I find it incredibly hard to believe that the maternal grandfather (whom was quite close to Jeff and his mother) didn’t provide financial assistance prior to that
I knew something was missing as amazon was running at a loss for years.
@@Upharius That's how most tech startups work though, they run at a loss to focus on growth while being backed by investors. His parents did invest $100k+ (which still comes from a place of privilege of course) but nowhere near enough to keep the whole Amazon operation alive.
@@coffle1 For years though? With competition (ebay) that had a better model? I find this hard to believe as I have seen many small business die and the owners lose their minds.
Yeah, I have no idea how you think you can understand complicated family circumstances but I have a friend whose maternal grandfather was rich as well, but his mother wasn't because if she wanted money from him she had to listen to exactly what he tells her to do, so even though his grandfather was rich, when his mother was trying to start her own business she had to rely on loans and her own money.
@@Upharius tech startups do investment rounds to get funding when operating at a loss. Provided usage is high investors keep providing.
This reminds me how there's no Amazon Switzerland because Switzerland won't let Amazon stay without paying taxes.
Edit: Holy shit, I did NOT expect this much likes and comments
Enlighten me pls, but isn't Switzerland known as a tax haven? Like where most billionaires put their money in Swiss banks so they won't have to pay any taxes or very little taxes?
@@huh8b7b27 Those are personal taxes bound to a person, not a whole company.
Smart Swiss
@@huh8b7b27 It's a win win.
@@huh8b7b27 for that u have to put ur money in Swiss bank dude . Not do business in Switzerland.
People don’t hate him enough to stop shopping at Amazon
let's do it. What would it take to stop ppl from buying? from what I see, it's the same day/1-day free delivery. Only if ppl had a little patience and order in from different platform
I did 😁 but it's because I value privacy more
When Amazon asked for my SSN as verification I left them completely
Or working.
@@codeman99-dev it's not about money. It's showing them what happens to the company if customers boycott.
@@rejvaik00 Or you just give them a different SSN....
Not included in this video: Miguel Bezos (Jeff's adopted father) worked for ExxonMobil for 3 decades as an engineer and held management positions... they married in 1968... and Jeff was born in 63 so he was 5 when that financial stability kicked in. The 25,000 acre ranch he grew up working on was his maternal grandmother's (the famous George Strait line of the family)...
I'm sure his life wasn't super easy, but it is also true that Jeff isn't exactly the total rags-to-riches self made man one might think. I honestly think his adopted father has the more impressive story.
Jeff's background appears to be broadly middle class. In 1995, his parents loaned him $300,000 to help get Amazon off the ground. That's about a half million in today's money (and probably much more than that in next week's money 😉).
This is not to minimize his accomplishments. I just think we should push past the PR and look at the facts in context. Bezos certainly had opportunities not available to everyone (but fewer than some) and he made the most of the hand he was delt.
Musk is a similar kind of situation.
I remember when Amazon was an online book seller and competed with Barnes & Noble. Then they became an online store and people started buying everything from them especially during the pandemic. People like to hate on Bezos but who is buying all of these products from Amazon. Who is causing all of these workers to fill orders? It's crazy how a man creates a service that at least 80% of the public uses and gets hate for becoming wealthy. Does the creator of Alibaba get the same hate?
so what your saying here Jeff Bazos is potentially a really good country singer correct?
The tax issue isn't Bezo’s fault. It is the system of tax laws. Those who hate Bezo would take the risk that he took. What do the haters want? Bezo or change in the tax system?
@@ellamaeloftus3493 Welll ... it actually kinda may be his fault: "$3 billion spent [by Jeff B.] on lobbying in 2020 alone" (credit: Nikita Kiriy - next comment on my YT)
If he was a billionaire villian in a Hollywood movie, his next logical step would be to create some kind of crazy space ship … oh, wait.
Elon Musk : I would be the hero , right ?
@@kihbjcjdjd7022 elon musk has children mining cobalt for him he's not better than bezos
He does look a bit like Dr Evil.
@YouareIandIAMYou a bad one
I guess the next step is an autonomous biological weapon with a hive mind.
Most corporations have close government ties like Google, Microsoft, Etc.
well duh they're very power and drive the economy basically
oh... so the LITERAL DEFINITION of fascism
nice
@@SDsc0rch Uh, no. Fascism is more complicated. It could more easily hint at corporatocracy.
@@SDsc0rch
Definition of fascism
1 often capitalized : a political philosophy, movement, or regime (such as that of the Fascisti) that exalts nation and often race above the individual and that stands for a centralized autocratic government headed by a dictatorial leader, severe economic and social regimentation, and forcible suppression of opposition
2 : a tendency toward or actual exercise of strong autocratic or dictatorial control
@@SDsc0rch No, not the literal definition of fascism. You've been smoking too much crack and forgot how to read a dictionary.
“The measure of a man is what he does with power. “ Plato
And the powerless, and powerlessness.
Power changes people. That's what you don't realize
@@marcoAKAjoe power exposes,not change
@@ameera.abubakr lol nah. Some people start humble, then change once they achieve power
@@marcoAKAjoe Without power you're forced to be humble.
I've been working night shift for amazon for the past 7 and a half years and I can attest to the bad working conditions, however I work in Scotland and it was eye opening listening to how much worse American amazon workers have it. The amount of shit I've gotten away with? If it was an American FC I would have been out the door in a few weeks max.
Why would you continue working somewhere for nearly 8 years in bad working conditions?
@@hossel1079 That's a fantastic question and one I ask myself often. I hope some people take note of this exchange we've had because there are far better ways to spend your 20's.
If you don’t mind me asking, have you been working as a tier 1 throughout those 7 1/2 years?
@@musicaccount8349 I was tier 1 the entire time, yes. It probably varies from FC to FC but the management and HR dept in mine (EDI4) are all about hiring yes men and their friends. No one gets tier 3 / 4 on merit of hard work and competence.
@@hossel1079 money, which can be exchanged for various products and services
Someone should tell CNN, MSNBC and Fox News that this is how you do actual journalism.
Dude they’re all owned by the same corporate,
@@chillitsjustahodogking4118 wrong.
@@bloodcarnage8285 In fairness to the Govt, Amazon would not exist if not for the Govt investment in DARPA
@@HKFunster yes. Exactly. Govt should let billionaires roam free as long as they are useful. Elon , gates and Bezos are really useful if you look at their progress in environment. Elon , no fuel cars, mars.. gates has done more for climate change than US govt. Bezos connected earth. Not to mention starlink.
@@bloodcarnage8285 I think you may have missed my point or are unaware of the history of the internet. Without Govt funding, the building blocks of the internet upon which E Musk and J Bezos built their fortunes would not exist. There is a role for public, private participation. .
China: we installed the surveillance cameras everywhere
US (via Amazon): you were doing it wrong, we just made the peasants buy them
🤫
@@coltonlundgren9455 well google home is the same as an android phone. echo and Siri also listen at all times.
@UltraJeed Existence is surveillance 😭
@UltraJeed yeah but google voice recognition can work offline. so it doesn't need to send all what you say to a server. Unlike Amazon. Plus side is also that it is that way faster than Alexa answering questions because it doesn't has to rely on fast or slow internet
@UltraJeed what if you dont have a phone because you are sick of all the bs? Like what happened to me? Plus i am saving some good dosh in the process, and you are not going to believe it... i even socialise in real life. :D.
He still is the Executive Chairman of Amazon therefore he still is practically the boss of Amazon. Him resigning from his position of C.E.O. means nothing...
To my knowledge. It means he can dump his personal Amazon stocks whenever he wants with no warning to the public. As the CEO you need to notify your investors.
Conspiracy I believe. Even if you resign from your position. You still control everything. You just don't have the official and legal title. Til today I still believe Bill Gates secretly runs Microsoft.
@@kendall9758 Word
@@kendall9758 bezos dumping his stocks would lose him most of his wealth, cuz it would create too much supply, and therefore decreasing the price. He will be fine with his current money
@@ssnful123 just dump them slowly over time
@@kendall9758 like any other stockholder he should have a say...
The space flight thing is just the straw that broke the camel's back for me. It's the anti-union practices and $0 tax payments through gaming the system that make me hate Jeff Bezos. He may be a case of the little guy rising up to become huge, but... he sure as hell ain't looking out for the little guy now he's powerful.
How about the dismantling of the historic Bridge in Rotterdam so his yacht can pass? :DDDDD
He's never been "a little guy" his parents gave him 300k to invest in Amazon... His rags to riches story is just a pr fantasy
why should he lol
@@nusskernmischung5428 I can understand most of reasons people hate him for but I've never seen anything wrong with the bridge being dismantled in Rotterdam. It has been done many times in the past to let newly built ships pass through besides the government always gets paid for dismantling and reinstalling that bridge. The only reason people had a problem with it this time was because it was Bezos's yacht passing through that route
why is he hated? because he is rich and has billions and gives amazon workers bad conditions, even elon is hated but jeff is a whole different thing
Billionaires wouldn't be making so much from space technology right now if we'd supported funding Nasa.
Space tech stagnated for years when we should already be mining on asteroids to reduce polluting oceans with rare eath materials. 🤷♀️
@@violet-trash but that’s really the government’s fault. They didn’t find it, they didn’t consider it a top priority. So now we have billionaires overtaking nasa in terms of some tech and production capabilities. But I have to argue and say that the things spacex had done are incredible.
They're hated because they steal tax money from the middle class to inflate their stocks while paying very little if any tax into the economy. During covid the government printed billions of dollars and pumped it into the stock market essentially giving existing billionaires even more billions directly from the middle class taxes.
I hate elon more than jeff
Elon tries to brand himself as a cool memer dude who’s just like everyone else and is a nerd
Whereas Jeff more like owns it “yeah My employees work 12 hours a day without breaks but you like that one day delivery don’t you”
It’s horrible Ik 🤷♂️ but what can we do
@@saline6244 well more or less after the end of the cold war people lost the interest in space travel thus see it as a waste of public money, then more tragedies like Columbia Shuttle happen and nailed the coffin
He might not have been born with a silver spoon but his parents were able to give him 300k in initial funding, it’s a bit misleading to leave that out. Making him sound poor.
Can you post a link about this claim? I would like to read it please
Also forgetting that he went to college with a job at Mc Ds and started a company in his garage in the 90s. That is primo generational luck. Not good or bad, but if he ignores how good he had it and goes with the "Heratio Algier" story, he is showing his narcissism.
@@artemismoonbow2475 Jeff repeatedly says he won the lottery, so I think he acknowledges it
At least his ex-wife is not like that, she remarried a school teacher and they are planning charity work in different fields.
Growing 300k to a Million is already a daunting challenge mate
"Amazon is against unions". I'm not sure if this is an issue exclusive to Amazon. I worked for a large retailer whom I won't name and they showed us anti-union training videos.
Every workplace in the world is against unions idk what these guys are on about
Should not be afraid to name and shame
@@randalllewis6309 You know what? Fuck it. It's Staples. I hate that company.
I'm sorry you worked at a place that tried to indoctrinate you against humanity
Basically all the US and UK are, except when it comes to police unions. Which are exactly all the things people say about unions, except they constantly fight for people entrusted with public safety to not be accountable in any way
one of the things that angers me the most about Bezos is the fact that he’s arguably the most powerful man on the planet but is still bald
So is lex luthor
Mussolini and Khrushchev too.
What about Joe Biden hes bald and holds on to scraps?
@@nathanyoung7587 biden actually has to listen to other people make decisions, presidency ≠ dictatorship. Jeff on the other hand…
@@nathanyoung7587 Biden's not that powerful. He is basically Jerald Ford all over again.
America's addiction to over consumption created a "Jeff Bezos" and he was smart enough to provide that.
He just wanted to provide best consumption experience and he nailed it. I shop a lot on Amazon because it's far better than anything else. I don't like that they avoid paying taxes but then again all large ecommerce platforms of similar sorts do exactly the same - if you don't do it competition will eat you. We need laws fixed instead of picking a scapegoat.
Your statement should get more likes
Woow, aren't you a clever "anti-consumerist", typing this on a device delivered to you through capitalism and consumerism.
You were smart to say that and I'm sure folks don't want to hear. Thanks for the rational. Keep that good space between your ears my friend!! Be positive!!
@@mozart116 keep subjective and don't believe what you hear!!
Just ask yourself, when is the last time you ordered something off of Amazon? If you want to make a difference, boycott Amazon.
Keep your high ground
No no, a lot of us absolutely hate, “water is not a right,” nestle. I refuse to buy anything connected to that company.
Same can be said for all the other corporations, I think the point was that for Amazon in-perticular there's mass general public outrage
@@Walker998 theyre the ones w the lex luthor mascot who is pathologically unable to stfu and just go count his vast dragon loot pile somewhere
Lol u probably still buy from nestle unknowingly
One day Nestle will own The Air™ and you ALL will pay to breathe, Muhahahahah! - Future Nestle CEO
A lot of big companies are borderline evil when it comes to their treatment of employees - but it seems like Amazon has doubled down on that.
2:05 That was so kind of them. Nowadays, colleges and universities just drain students of their money like how they didn't lower fees last year even though everyone was doing online classes.
Preach brother. Plus a lot of the time you don’t use half the stuff they teach you and that’s if you’re lucky.
Most colleges have complementary child services though
Come to Europe. University is either free or cheap (affordable by everyone). We paid half rate for two years (and my country is not even in the EU).
@@garybrown2039 In most countries it's the employer that pays for social and medical security, or it's either divided between you and the employer. Personal income tax usually doesn't exist below a specific bracket...hence, people that barely earn enough to have 2 weeks of vacation a year, don't pay any income tax. But this changes from country to country.
We're not getting screwed in the long run...even if we really paid 40% of our income in taxes. We earn enough, and we're certain that medical or financial emergencies won't make us bankrupt.
@@garybrown2039 At least we don't need to avoid calling an ambulance because we would have to pay for it. To me, this is insane, especially for a developed country. It's not like the money gets stolen from us, we get something in return.
Jeff is the story of a regular kid who became rich and promptly forgot that people need to pee if it means he'll get more money.
A regular kid who grew up in a wealthy family on their 25k acre ranch and got his start with $300k from his parents?
Maybe he is hated because he treats his employees like shit even though they’re the ones working nonstop to make him more money and they get peanuts
Have you worked for Amazon? Or have you read tabloid articles.
@@uchennanwogu2142 I haven’t my self but not everyone that’s works or worked there at a warehouse or delivery service can be wrong don’t you think.
@@L.S.T.N.Y so you have no experience, i expected that
@@uchennanwogu2142 There’s a guy in this comment section who did and described it as slavery. Many other employees and ex employees say similar. Eventually you have to realize not that many people are willing to tell a lie when they have nothing to gain from it
@@uchennanwogu2142 well what about you do you have “any” “experience” on the topic ??
Amazon Staff: We're not robots, we can't work that hard
Amazon: hmmm great idea! Let's get some robots then..
wait a minute, we have got Robots, look, Robots can work so fast then why can't you?
Robots will replace brainless jobs sooner than later, just a matter of time
And then 2 years, the owner of company, his wealth will have doubled due to less to no OPEX keeping almost all profits, but at the end of 2nd year amazon sells will drop significantly as unemployment will be high, a few consumer....automation can comeback and bite the creator if they are not careful.
@@gakwayadavid1558 good point
Workers are better than robots, because Amazon can use them as a leverage when negotiating with cities to get better tax schemes.
if it wans't for their monopsony, there will be no worker.
Jeff Bezos watching The Dark Knight in 2008: "Oh, wow. It's like echolocation. I should write that down. 'Echo'....".
:O
😂 wdym by echolocation
@@huesenpaul1394 he's referring to the scene in TDK with Morgan Freeman and all those monitors. And he's linking them to the "Echo" system discussed in the video here
Jeff Bezos watching Transformers in 2007: “Optimus Prime, wow. Prime, has a nice ring to it.”
The problem with Jeff Bezos is that he has publicly walked on the people who got him where he is today. I have always said there are two kinds of bosses in the world. The ones who take staff with them and the ones who walk all over their staff. Jeff is the latter. Does he give bonuses to his staff for good productivity? Does he give Christmas bonuses? This is just one example of why he is publicly perceived the way he is.
Smh
"Alexa please dont betray me and my personal info to Amazon and its "associates"."
"I'm sorry Dave, i'm afraid i can't do that."
clever!
So basically… what you are telling me… is… I should start a company, grow it, use the tax law to my advantage, start a trust to pass to my kids, and hire (through my companies) a team of lawyers and CPAs to help me pay nothing in taxes?
Okay got it. Will do. Thanks :)
How big does your business have to be first thought.
@@alw2839 I have a small business I run that makes me like $15K a month. That’s my full time job actually. Even at that small scale, I can write off everything from travel to cars, to food, to entertainment, etc…
Still not big enough to do what Bezos does. But, there are a shit ton of benefits.
Eventually I’m going to need to start more businesses and then that’s when things get interesting. I can legally move money from one company to another to legally manipulate how much profit (and taxes I pay) I make…
I’m not there yet though.
What people don’t realize is AMAZON isn’t a single company. It’s a lot of companies.
@@Viviko all.of the biggest companies have tiny subsidiaries especially in countries like Canada where corporate tax rates are mug lower
@@Viviko Wow, I forgot about all the benefits.
@@Matanumi Yes. Well some of us don’t have enough revenue to funnel into legal and set up all that. In the next 5 years I’ll probably start doing that. Depends on how well we do.
I think you missed the cardinal sin, where his company turns around and lobbies for regulations he couldn’t have survived himself coming up. It’s so boomerific… 😞
@@BasedContrarianLive do you understand what "investing" is... Amazon didn't show a profit because they reinvested every dollar into improving their business. You're able to get free 2 day delivery of every item in the world because of those investments and innovations
@@BasedContrarianLive Amazon made plenty of money. They just completely reinvested every cent into the company to continue expanding into the monster that they are today.
edit: Having investors doesn't change the fact that they still made a profit, they just reinvested on top of the money from investors.
@@BasedContrarianLive my guy, I've worked for big tech companies. I'm not defending all of their shady practices. But certain things can't be denied. The fact that these tech companies don't show a profit for the first decade of existence has nothing to do with taxes and everything to do with growth. I also think you honestly have no idea what you're talking about with AWS. I literally use it everyday for dev. It's an amazing product and alot goes into making it work reliably (there's a reason people use it over competitors)
This boomer vs snowflake thing is a real distraction. Focus on what people control. Not their birthdate, looks, race and so on. It won't go well for you if you hate entire population groups on basis of immutable criteria.
What regulations does Amazon lobby for?
This reminds me of Wal Mart. I think that companies that focus on the make the most out of less inadvertently place all that pressure on workers. However, I think that it's us, the consumers, that still keep shopping there although we know that those low prices are there at a cost others had to pay.
"workers who stayed longer didnt work as efficiently"
No shit i wouldnt care to lift a finger if i was working there long enough
perhaps they would if they were treated with respect. he needs to listen to simon sinek. bezos is an ahole.
@@pootzeketzi1233 yeah, NOW....
I think we see this kind behavior at most companies regardless of how people get treated. People with seniority or tenure usually put in less effort once they know they have job security. But these jobs aren't supposed to be the kind of job where people do them for more than 5 years or so, they are starter jobs hard work yes, but the kind of hard work that makes people respect a good job or the ability to go into a career where they enjoy working. But this is just my opinion, i know not everyone sees it this way. My very first job was in a factory that sold curtains, I would spend hours inside of a huge box cramming as many curtains as possible into that box. I lasted about 2 months. After that I never worked in a factory/shipping environment again. But when i was there i met some people who had been doing that job for over 15 years and they loved it. So all I'm saying is everyone is different and working at a place like that can do 2 things. Either create a long term drone, or someone who goes on to find something they enjoy doing like the design work i do now.
@@chellefell1331 No, ever. Capitalism as a system requires a permanent underclass. There always has to be someone on the bottom, often millions, so that the people that get rich and "make their money work for them" can...well...be rich. That's how the economy works.
I'm not a hardcore anticapitalist btw before people blow up my notifs for the "hot take," I'm just willing to acknowledge the cons of the system.
@@salemccc Not if they get paid living wages. Compared to communism you got to be out of your mind.
Jeff Bezos’s move to fly on a rocket was justified . After the divorce he just needed some space…
lol
Underrated comment
100%
For his new GF Sanchez: Baby, look at my new big rocket!
It would be justified if he didn't come back to Earth
I’m not angry at him for doing better in life, I’m scared of one person having too much power.
Well its not the worst case scenario
and paying no taxes while society is falling apart and the world is on fire
@@tpeterson9140 If I was so rich I would do the same
I guess you understand now Batman's reasons against Superman ;)
Too late he's buying her politicians
when you said "born in 1964" at the beginning, i almost started singing
You’re not allowed to discuss living wages or they’ll fire you. Let that sink in for a minute.
Only an unsympathetic Libertarian can defend this.
One people ambassador voiced concerns and stood up in a Canadian Warehouse once. He was demoted and asked to leave the company soon after. This is how Amazon works.
@@marshmallowcello7528 After having had conversations with a few libertarians, i'm convinced that the vast majority of them must have some level of psychopathy or sociopathy. There's just no other way to support their ideas and opinions. It's basically just survival of the fittest, where the strongest and most brutal filter to the top and are allowed to leverage their strength and brutality against everyone else who has to be stuck under their boot. Anyone who doesn't have what it takes to get to the top at all costs is seen as worthless and expendable, only alive to serve the purposes of the people at the top and to be discarded when they've outlived their usefulness. It's pure dystopian nightmare fuel.
That's illegal
Jared Bryant If it is then a large portion of corporations are breaking the law. That kind of enforcement is rather common among non-unionized businesses.
People hate him because he’s on the way to building a IRL “Elysium” scenario
Holy fuck that's scary to think about
That scenario is already here you just don't know about it ;)
Not for your ass he isnt lol only elites allowed
If you hate him boycott Amazon who is stopping you.
You want goods at very low prices and then then Amazon provides it to you and then also you complaint..
@@N7_YES because Amazon has driven out of business most of the local places that I would normally buy my products from. Remember radio shack? Yeah I can't find a local electronics component supplier anymore. Radio shack sucked but at least they had something. Nowadays, it's either amazon, or some Chinese website. Thanks bezos.
Amazon is literally americas version of a sweat shop.
What is that?
The difference is, Amazon actually pays pretty well.
@@Opethfeldt truth
@@Opethfeldt yeah they literally pay $15/hour AND give healthinsurance. How anyone can complain about that is beyond me. If the working conditions suck compared to the wage, fine, find another job. No one is forcing you to stay there. Especially when there are literally millions of unfilled job positions at the moment.
noa tyrant regime is more accurate. And I am not kidding.
And how people actually use devices as Alexia is absurd. They trust their voices and images to be storage in Bezo's cloud.. that´s pretty naive.
nobody really knows (except for Bezos) how much data they collect and how they use it and how that can be used agaisnt you in the future.
Back in the early days of Amazon, that one click purchase patent was considered by many as ridiculous. I remember a lot of talk about that one.
We are going to regret Amazon Web Services. "One ring to rule them all."
And in the darkness bind them…
Yup that's why I hope Antitrust breaks AWS. They are using the profit fund to buyout and destroy their competition in other sectors.
Been taken offline few months back
Lol
I love AWS. Every tech job I've had in my decade long career has utilised AWS to compute and serve our platforms. It's really amazing technology.
Jeff Bezos is the closest Lex Luthor we have in real life..that's why
hes not even as charismatic as Lex Luthor, he's like a Wallmart reject Lex Luthor
He is Less Luthor
Nah, when I heard how he told “the world” that he thanked the customers and workers of his companies he was genuinely not aware how this would sound for us mere mortals. Just give each brain enough time and it will 100% disconnect from reality. He is the best example so far and luckily he doesn’t wield this power like(for example) a hitler did. It doesn’t matter how “good” an individual is, it’s simply not evolved enough yet to be mature enough to wield such power
Less Luther
Elon is tony stark then?
He left his ceo position so he wouldn't be "responsible" for how badly his company treats their employees.
But he still owns shares so he will make money regardless. Have to admit, pretty fucking smart.
Stedman: He want to concentrate on his spacey project Blue Origin. Now he gets to play while he keeps making $8.5 Million an hour. Oh and by the way he is NOT much of a philanthropist from what I have heard....
So did Bill Gates
Why is everybody acting so high and mighty acting as if they care about people? Like most of us use phones which have minerals mined by children.
@@sanjupatel5925 it’s literally everything though. Almost every good on the shelves has been made using some form of exploitation. Also we act “high and mighty” as they’re necessities in the modern world. Although we are all bad buying these goods we are no where near the level of evil as the likes of Bezos
This was a brave documentary ColdFusion.
Great work as usual and Impeccable quality of Journalism
TY for existing Dagogo and also TY for existing Dagogo's father who instilled this clear quality of annotation in you.
He doesn’t pay his fair share of taxes and his workers are treated like shit, next question ?
But he does pay millions in taxes with write offs like property taxes on his multiple properties, sales taxes, etc...
But if you say that he needs to pay more, that, I would agree with you.
Yeah, too much exploits in the taxing system also play at fault here. If billionaires "legally" don't have to pay taxes as much as they should, maybe the system should be revised to make it no longer "legal".
@@28ebdh3udnav Yeah but he's still not paying a fair share. If I make 50K a year I get taxed on that 50K. If Amazon stock increases 100% in 4 years Jeff's wealth goes from 100B to 200B meaning he made 25B per year. Most of that 25B is tax free because he barely sells stock. Instead he takes out a secured loan (25B as collateral) and he lives off the loan. Meaning he can technically use his money without selling his stock and only paying like 2% interest for his loan.
This is clearly a cheat for the rich. They get to accumulate wealth tax free because 99% of their income is awarded in stock. This bypasses income tax. Then whenever they need cash they take out loans against their stock, bypassing capital gains tax, and use the loan as spending money.
Meanwhile an average Joe like me can't do that. First most of my wealth is awarded as paycheck. Even if I wanted 100% of my check in stock my employer wouldn't allow it. I can put a fraction of my income in a tax free 401K but that's it just a fraction. The government limits how much you can put in a 401K because if it was unlimited we would all be avoiding taxes just like bezos.
@@felixf4378 the idea behind this is to incentivise Joes to build cie instead of living of somebody else's.
You know the be a man build your own shit...
@@felixf4378 Then start investing.
“He followed the law”
Who makes the law? I hope it’s not wealthy people… oh wait…
It's the dill holes you elected.
@@TDrudley This has nothing to do with democracy. You think we the people chose wealth inequality?
@@blubaylon about as much as you chose gravity... Thing is, wealth inequality is not a problem.
@@blubaylon wealth inequality is a product of the free market. And the free market is so far the best alternative.
its not just the welthy people who make the law its mostly the politicians, in fact most socialist politicians hate on the wealthy.
Amazon stole 61.7 Million dollars between 2016-2019 from it's Amazon Flex drivers by taking their delivery tips! My question is, who at Amazon goes to jail!?
Whoever goes to jail will only be replaced.
Nobody.
How do u know tho?
I can attest from personal experience and as a former employee of Amazon. It's not a great company at all not only do they work you in bad conditions and make unreasonable expectations in productivity they also have a shitty HR department but they also work against you
"As long as there's someone around with an Amazon echo... *you're zucked"* 💀
And what happens if you have a Facebook account? You are all good? Lol
Lol
If you order a Quest 2 from amazon, you're double zucked?
Let’s not forget those few moments when Jeff Bezos was in space and was no longer the richest man on Earth 🌍
But he became the richest man in space though
@@ragnathebloodedge3688 lmao 😭😂
"I loVe PrAisiNg Elon fOr bEiNg the RiChEsT" This is just sad
Rules got changed I guess, he never got into space
@@ragnathebloodedge3688 how do you know?
I was kinda hoping he'd go to space... And stay there. Forever.
I was hoping his ship would....
I was hoping his ship wouldn't make it back in one piece
Or us in space and he stay here
me too.
The people he have in place at amazon will continue. If people didn’t show up to work for one day any company would be crippled and some jobs needed, certificates and degrees and training so they would not fire everyone . Money keeps the rich in power we could take some of our power back if we cut back on spending, grow some of our own food. people believe that if they don’t go along they will loose their jobs, most of us will loose our jobs anyway as we have for years to machines.
I look forward to a future ColdFusion episode titled, "How Did It All Go Wrong For Jeff Bezos?"
I don't think he can crash instantly, the company with so little profit margins and big real assets (warehouses etc) will rather slowly bleed money and trying to attract more and more capital. "Too big to fail".
I'm glad that you finely got around to how he disrespects personal rights.
Why so mad lol
@@tyreselongbottom6170 No, not mad. But the hugest reason... mentioned last... is our freedoms.
Why are you acting so high and mighty acting as if you care about people. Like you use a phone which has minerals mined by children.
@Sug Madick lmaooooo ur not wrong
is it just me or does Jeff Bezo look like the skinny version of Dr. Evil
"That's just how the law is" Yes but the laws are written by corporate lobbyists...
Exactly!
Which part would you want to see changed and also, specify how.
It’s written by politicians
@@adammasterx5854 No, they just rubber stamp the legislation written by corporations to regulate their competition.
@@luddity Indeed; corporations are the true rulers of America, the politicians are only there to give the people the illusion that their votes have any influence on things.
People are angry but they still buying from Amazon. So maybe they should start supporting the smaller business and stop using Amazon.
Whoever hates Jeff Bezos or Amazon should stop buying from them, yes. Otherwise, they're hypocrites.
@@joesterling4299 - they might want to look at their 401K or IRA mutual fund holdings too --- chances they are benefitting from Amazon stock in those mutual funds.
Small businesses are mostly trashy and extremely limit what the customer can buy. You're talking about going to the middle ages. I'd rather have everything I want to buy at the click of a button.
ohh! ya like that would solve all the problems.
it would just make 1 million people he employed go unemployed.
Just because the CEO implements bad policies you dont go to destroy the company instead you should try to fix it.
Cancel culture is shit.
Amazon made a lot of small business successful as well. Most of them sell straight through Amazon and it actually made it much easier for them.
Hating bitch
Another reason? His laugh. It's truly horrifying.
we're charged medically as if we're billionaires
Better consolidate more of that industry to Gubment. Should fix the problem.
@Siberian_Psycho *laughs in british*
@Siberian_Psycho grin jk
@Siberian_Psycho We don't get charged over here if anything happens to us.
@Siberian_Psycho We pay the exact same but our taxes go on the nhs and our services, Yours goes on whatever the hell it goes to haha. so probably why it's free for us.
Funny how so many economic woes seem to loop back to banking.
The banks are the closest you get to the state money maker. It's only natural you have to go through the banks.
@@Zyphera I don't think that was a genuine observation.
Monetary policy is the problem. Companies like Amazon, the housing market bubble and wealth inequality are merely symptoms.
Funny how so many eggs seem to loop back to chickens
"Give me control of a nation’s money supply, and I care not who makes its laws.” - Rothschild
He is the modern version of those who had no morals having slaves, all because it was legal.
We need to simplify the tax laws to minimize deductions. There needs to be a minimum tax for each tax bracket. We all use services.
Amazon went from online bookstore to world domination.
Crazy times bro :)
A heartwarming story, really.
Read books and you will dominate! :)
Fascinating and scary at the same time
All you have to look at is who he was friends with in college his roommate was FedEx CEO
Remember when you watched the 1st season of Black Mirror?
For some reason I was thinking you said the first episode and I was wondering what this had to do with forcing a politician to have sexual intercourse with a pig 🐷
What’s that?
@@imnotacat5299 Lol, crazy episode
@@imnotacat5299 I almost typed episode, then that memory kicked my ass so hard, I changed to season pretty quickly. 😉✌️
Remember when Black Mirror wasn't a documentary?
Seriously though, to get around people opting out for privacy by saying some else consented in your area is genius. The more that blindly accept, the more your privacy is deteriated.
Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today.
Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
That's the thing, it's totally compatible with the god of 'democracy' as well ... the **herd** is the only entity that gets choice, the little guy who wants to opt-out and claim his/her fundamental rights is ignored, or demonized when they attempt to fight the status quo.
No wonder Bezos decided to buy a major news outlet in DC ... even if he runs it at a loss, he knows it can be used as a lethal weapon against political dissent against his power and influence, and a cultural battering ram to deflect attention away from the real problem with the west; globalist, multinational, tax-dodging, subversive, small business killing, billionaires who owe no allegiance to anybody except themselves.
Well apparently our governments are that dumb or this is a setup... U know how many agencies i have on my ass if i even miss a dollar on a payment. If its true the irs could just tax the money back for every package delivered. And apparently The new amazon game is breaking peoples videocards...You dont hear anything about this from this internanny.
It looks like we may all have to give up our right to privacy and try to get it back later, some people are getting away with hiding from the internet and taking advantage of the rest of us
@@mandelbro777 Second I heard he bought that paper I had to take it as overt propaganda ever on. Nobody that rich gets into news for benevolent purposes
Who said he is hated? Any big company on the market has haters. Amazon is one of them.
I always say this. It's because they are so successful. People are just jealous.
0:55 "Jeff bezos is a supervillain and it's time to Perry the platypus his ass" 😂😭😂😂😭
🤣🤣
You all are money thieving Marxist, jealous of his successes's.just like all Marxist you party, waste money on booze travel and play all envy a person works hard, takes all the risks for years, then you all wonder how he did it.
@@raavellar bro I'm a full blown capitalist but they way Amazon can forget about taxes is not a fair playfield for the market, most small companies pay taxes and keep growing, amazon doesn't and it murders its competition with unethical practices, today's monopolies not only have money but control information and our privacy in inaceptable ways, Amazon can keep having success without doing that
@@raavellar Are you introvent?
@@raavellar Lord Bezos is pro Marxism. He like many other's wouldn't be as big in a unregulated free market with no federal reserve.
There’s a great irony in hating the company for what the government does with their tech, then asking the government to stop them from doing the other no-no things they do.
This isn’t to insult an ideology, it’s just ironic to me. The powers that are supposed to balance each other out instead work together
That's because the overwhelming ideology in USA can be described as some form of individual capitalism. There is no irony in this regard. The system and the underwhelming ideology is the root problem. USA has not always been like this. There has been a major change towards the right since the 80s. If Ronald Reagan was around today he would probably be labelled a socialist.
@@probusexcogitatoris736 I see that and if JFK was alive, he would be labeled as a right wing extremist.
The linear political ideology scale has expanded greatly in the US. The radicals on the far ends have the loudest voice and are the ones who define the whole group. Then there’s the extremist who don’t speak up or take action. They just keep to themselves, which is fine by me as long as they don’t weaponize government against the other side or they don’t harm another individual/ individual property.
@@probusexcogitatoris736 is the best we have, the last time we claimed equality people died of hunger while an authoritarian government took their fair share of corruption money
Atleast here we choose how much time we let this assholes steal money 🤣
@@eriottomakurashi What is the best we have? Crony capitalism? I beg to differ. I am of course biased, but in Europe we have countries with much more equality and much less corruption. I don't know what you are referring to. But, I know that Americans often are horribly ignorant of the rest of the world. They seem to think it's either American capitalism or communism. They don't seem to realize that there are many other alternatives in between. This polarized view of the world is ripping USA apart.
7:00 - A little bit was gone into with the whole "loans avoid taxes" thing, but the biggest problem I find is that people don't understand that net worth IS NOT bank account balance. It only means something if they sell their stock in the company they own - in other words, net worth means "what their companies are worth, if someone bought them". It's like saying that your precious dish collection is worth $10k. It isn't worth anywhere near that much if nobody is willing to (or in the Net Worth case - even able to) pay that much for it.
Avoiding taxes through loans is not great, and could use some reform I'm sure. But really, people need to quit mixing up net worth with some idea of a bank account balance (this "dollars per minute" stuff).
Who cares?
@@ryanshields2195 ~ anyone that actually wants to understand the world better, but evidently not you. Cheers!
@@FalconFour understanding the world better by comparing a huge stake in Amazon to a dish collection.
@@FalconFour “Just so everyone knows, Bezos’ wealth is not even in hundred dollar bills. This is something many people will be surprised to hear. I am very smart.” That’s you. That’s what you sound like.
@@htoodoh5770 so glad you learned something
Funny how people criticize him for not having good working conditions but if their shippment fees for delivery of products go up they would go nuts.
Turnover at Amazon and their parent companies is high due to the employees being overworked and underpaid. Not getting raises even when they excel in their positions.
I wish I knew I could be slaved at amazon, I was slaved at Borden Dairy for 13 dollars an hour 16 hour days.
@@jaredbryant8297 looking at comments like this looks so weird. In my country the minimum monthly wage is 600 USD for 120 hours of work. People would do so much here to work for Amazon in the warehouses.
@@RobCXS Why not just say $5 an hour?
@@MegaJimbob125 100 Czech Crowns/hour seems more logical to me. Nice round number. As for why these employees work under Gulag-like conditions, the answer is simple: they want to. If you don't like that, then don't work for Amazon, and, most importantly, don't buy anything from Amazon. They practice price gouging. I was looking to buy an excavator a few years ago and was looking at offers from Amazon, and by sheer coincidence I did the same exact search for the same exact excavator at my friend's house on his machine to show him, and was shocked that the prices he was being offered were about half the ones I was seeing. Then I did some digging and found that this was part of Amazon's strategy: to have different prices for different customers based on their profiles. After that, I never bought anything from them ever again.
@@SunRabbit Wow that's shocking had no idea. Sounds like when trying to buy a flight.
All he needs is a hairless cat. He looks like Dr. Evil shwing.
Dude looks like a Goblin
You mean Lex Luther
He looks more like Gold Member... "I love gooooldd."
I'm sure he can afford to pay Beyonce to stand in the background, 24/7, just to say, "solid gold."
Him...and Klaus Schwab. Schwab has the more applicable Bond Villan accent tho.
You vill own nussing, und you Vill be happy.🤫
@@paulngo4946 yes he's Gold member.
To show losses, amazon workers were asked to destroy brand new electronic products in warehouses in UK. These cost a few hundred million dollars. Imagine if real-life Lex Luther had decided to donate it instead.
Were asked? By whom? Bezos? ROTFL.
No where in the articles I read about this did it say it was to show losses. The Washington Post article states they believe it’s due to excess product stored in the warehouses by third party companies.
@@someimperfection lol. It certainly worth owning your own propaganda news.
@@meosh930 So what was the reason then?
If you expect stockholders to pay taxes when the stock price goes up, do you expect government to pay stockholders when the price goes DOWN??
And don't forget that everyone with a 401K or a pension is a stockholder.
Dr Evil - even the sound of his laugh and dodgy eye gives that away.
Not to mention the phallic rocket :)
Lol!
I'm going to hell for laughing so hard at this! 🤣🤣🤣🤣 Happy weekend!
Fire the La hay zurrrr !
Yep, or Lex Luthor
Worked for the company for a few months. Walked upwards of 14 miles a day. Nails on my little toes became infected and eventually fell off, and I trapped a nerve in my back, which was pretty excruciating. Being on a zero-hours contract, got paid nothing over the two weeks it took to recover. Worked hard, but was still laid off at the drop of a hat in early January, as the volume of work dropped off following the Christmas peak and final exit from the EU.
Although I wasn't aware of Jeff's upbringing, I feel it was an oversight to not include that his startup was nearly entirely funded with his parents wealth
Definitely felt like he purposely excluded this info to paint Jeff in a better light. How do you research a video on Bezos and not know that he was given $245,000 in 1995 money, which back then was an insane amount of cash. Perhaps the creator received a large amount of money to start up his channel and self reflecting on advantages one is given is often painful for those that want to think of themselves as "self made" and that bought into the meritocracy myth.
Exactly. It really wasnt a "rags to riches" story and shows theres a bias to paint successful businessmen in a better light
like "hey YOU can do it too!" which is a total myth, no matter how clever you are.
@@itemushmush Amusing how haters try to take away from people who succeed. $300k from his parents. His Dad was an immigrant who came here, got his degree and worked for Exxon. Still Bezos had to package delieveries... Literally... on his knees and hands until he could afford a table so he could stand and package delivereries. He did this over 12 hours every day.
Here come people like you (who didn't believe in his dreams when he started or even know he existed) to conveniently ignore context and focus on whatever to justify your absurd hate/judgment for people like him as if you are denied the same opportunities. Elon seems to be the next victim on this ignorant crusade 🤦🏾 smh.
I am not going to read any response as it's more of the same passive aggressive hate garbage.
300k into a 1.8 trillion dollar company is still a giant accomplishment.
Let’s see you do that, chief.
When Jeff Bezos saw that "We are not robots" sign, I know exactly what he was thinking:
No, but you can be replaced by them.
Somehow I don't believe Bezos cares about what we think about him
Yeah! He's way too arrogant to sink to the common man's level
@Dalton Black No gods would sink to his level
@@lexitivium or he has much better things to do than listen ur ur crying ass complaining just cause hes rich
Why should he? He worked his ass off and achieved amazing success. He knows he played the game to win, and very well. What an army of malcontents may shout at him means nothing.
@@joesterling4299 "Working his ass off" doesn't quite justify his over-the-top arrogance.
Playing the game to win... you mean abusing the laws just to avoid paying nearly any taxes?
And the "army of malcontents"... you mean the 1000s of Amazon employees that are worn to the ground, just to satisfy Bezos wallet?
But I guess you're one of those brown-nosed fanboys - so you're a quite different plane than us in reality world ;-)
Child labor used to be seen as fine by the law.
Why should expecting to fire your workers and squeeze them until they are no good to you anymore as something different?
RIP Ted. Always serviced my bike for free as a a kid. Truly opposite man as his biological son. Hell of a smokers voice too might I add.
@AJ Thomas Jeff Bezos, the richest man on the planet who runs a trillion dollar for-profit company is a communist? I think you are confusing neo liberal with communism
@AJ Thomas sure about that? Dude who pays jackshit in taxes is a commie? Might wanna rethink that
◽ SERCH ADITYA RATHORE, HE ALSO MAKES INFORMATIVE CONTENT ON U-TUBE LIKE COLD FUSION◽
The day Scarlett O'hara (Gone With the Wind) sold her soul to the Devil: "I'll never go hungry again!"
You missed most important reason "killing small business by forcing them to sell & replicating high selling products
Consumers have ALL the say and they chose Amazon all the way to the moon.
@@clarifyingquestions Not like they have much of a choice when Amazon shoves it's products in your face for free while other companies have to pay to be on the #2 spot
@@clarifyingquestions This is a classic boomer argument and fails to consider that amazon has created a business climate that no one else can succeed in other than them.
@@rigveddesai5843 People can choose not to shop at Amazon.
@@MadBroStudio Walmart is who is Amazon's competition is booming. Gen z, Gen X, Boomer pick any generation you want to disparage but if you use your brains you will win at life. Kudos to Bezo and the Walmart CEO and the Costco CEO and all the twentysonethings that are crushing it as youtubers. Let s go Harry Potter grab a brain and get to work!! You can do it. God Bless.
Being rich is not a problem. Just pay your taxes regularly, stay connected with people and don't invade their privacy.
No. Being obscenely rich while your tens of thousands of workers struggle to make ends meet , IS A FUCKING PROBLEM!
How much is enough for these people? HOW MUCH!?
@@bogdanb.g.1652 true. Greed is a disease.
@@bogdanb.g.1652 lol get another job. Amazon deliberately refuses to give the bulk of their workers employee status so they can chew them up and throw in the next bunch. The money is higher than minimum wage but the labour and expectations far more than what is paid to them. However, no rights, no cases to bring. And you get everyone virtue signalling but nobody wants to stop using Amazon because they're now so reliant on them.
@@abubakrsiddique6334 These are the facts they wont admit.
Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today.
Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
His comment about his employees financing his space flight is reason enough to hate him.
instead it show a grounded rich
Isn't that true for every single company in existence? The workers finance the boss they are working for, in this case Bezos. The comment may be rude, but any single rich individual who owns a company could've said it. I believe that is the pettiest reason to hate him. The echo devices and terrible working conditions are far bigger reasons.
Hate him all you want, he is the world's richest man, doesnt care about the opinion of an invisible ant infront of him, neither mine nor yours...
i guess ur the type of person who goes on twitter to argue and cant fact check ur info. he said that in a good way to show that his workers helped him to get there. and he also donated 200mil$ as soon as he returned. just stop arguing that someone is evil just cause he is rich and successful. in fact, u could use that time to make ur life better
He thanked them.
There is no way that Muck is going to allow Bozos to pass him as the number one villain in the world 😅
Amazon's work culture is easily the worst and most toxic among big tech. A friend who's in a better position in AWS development team fixed a vulnerability, for which he was promised a spot award. But the actual award he got was very bizzare. They told him that that real result of the fix would be visible 2 years down the line, so he was granted the award, but it will be fully credited after 2 years, if he stays that long. So so toxic I can't even begin.
@@RepEvox Except it’s not a restricted stock. It’s a spot bonus. Usually that kind of vulnerability fixes/optimizations/improvements are rewarded with instruments of immediate monetary value, not a promise on a future date. They serve a different purpose compared to restricted stock units which incentivize staying longer at a company. Literally every other tech firm rewards such things with gifts like ipads, playstations, or vouchers, even bonus payments.
I do not need to say more about poor work life balance of Amazon’s tech employees, horrible engg. culture, cut-throat competition etc. The world knows it all, and even if you didn’t just go to any review site, and look at reviews of Amazon’s software engineering jobs.
You can't say "it's the system, not the billionaires!” because the billionaires have so much money that the pressure they bring to bear on politicians is inescapable. Their money gives them massive influence, so they keep the system this way.
"but capitalism is the best thing ever ! what do you mean ? we should go back to communism, tell me one exemple where that worked"
Actual Communism had pretty much failed as an experiment decades back, because of what the goddamn wealthy tyrants of their time partly did; they made disasters on and rose too far above the overwhelming majorities of their peoples, some of whom are all dirt poor to this very day.
@@YM-zf8mt this is the most ignorant statement of the decade.
Its easy to blame a couple dozen people for the woes of the world, but there is also the hundreds of thousands of people that didnt rebelle, that didnt stand up, that didnt speak up who contributed to the world we live in. Its easy to blame someone who want more power than they need, yet we ignore those who find security in beeing powerless, and both of these extremes are equally unhealthy.
@@liamberthou-lochet6880 well then, seems your mission is to chorale the masses without being assassinated, paid off, blackmailed, killed in an "accident", used as political fodder. You see where this is going right? The age of surveillance capitalism is so powerful that anyone who tries to stand up are snuffed out immediately and the news and tv are purpose made to make us less likely to rebel.
10:43 "That's just the way the law is."
Then change the law. That's why laws have to be updated and changed since it's obvious that the old laws aren't doing their job right which is to ensure fairness and equality.
Hard to do when these rich corporations "privately" fund politician's campaigns and then the politician just makes laws that benefit the company that the rich donor owns.
You cant tax stock. If you think about it for a second you might understand why.
@@MrTungsten-b3g Couldn't agree more on that.
The tax situation in USA never cease to amaze me, American people are presumably the most free democratic people you guys have great power and you can make your voice heard, despite this the people seem helpless and overwhelmed by the power of the corporate sector and big businesses and you allow them to do whatever they want, there must be something Americans can do
True, that's because politicians allow them to do so. Then again, corporations dominate every country...
Not really. The popular vote doesn’t matter, and anything we try to do to restore the wealth balance (GME incident, etc) gets shut down by the corporations and lawmakers that the corporations pay for.
Capitalism is an amazing thing, but lobbying is just legal bribery and the numbers the corporations can put up so vastly outweigh what the public can, that the US is effectively a corporatocracy
The picture with the woman holding the sign " we are not robots " is really sad because jeff plans to replace them with robots anyway so she is just reinforcing his vision
That's good, we won't have to work in blue-collar jobs anymore and can focus on our own hobbies or careers until we reach the singularity and the AI merges our conciousnesses with its expanded hive mind and turns all of us into one entity.
@@chungusmaximus526 thanks for the nightmare fuel
@@chungusmaximus526 not while all of the AI are owned by six people. Until the people own the machinery we'll still be forced to compete for pennies
@@chungusmaximus526 yes and who is going to put food on the table?
@@thomascox5725 eventually there won’t be “we” after we die and it won’t matter to us whatever happens
He is Dr. Evil incarnate. His spacesuit should have been modeled accordingly. His space pod should have been modeled after a JB Big Boy statue.
THAT is how it should have gone down.
He’s like a poor man’s Lex Luthor…
He’s the stereotype of a rich out of touch villain
Lex luthor was the budget copy, but evil factor was turned up a bit
Kind of ironic since he’s the richest man in the world.
@@alessiodelcastillo1613 Bezos is an icon for everything that is wrong with the current economic system. A person that reaps in hundreds of billions while his workers literally pee in bottles and faint at his companies' work points. Pretty much no holidays, inhumane work hours that permit no time for one's family or oneself and extremely low pay. Also a natural monopoly exacerbates the problem, removing the possibility for an alternative company to compete and bringing better working conditions or customer protection. Anti union practices are down right criminal and even more amoral. Bezos is literally a symbol for most of the things that are wrong with the world of today.
Antitrust laws should be reinforced after years of destroying them. For that to happen the US needs to get rid of the two party system and FPTP. Electoral reform is the only way the US can heal and for the situation to start getting better.
Pretty ironic formulation since Lex Luthor was Poor as fuck
So sad to see how someone with such ability to make things happen, cannot manage the basics: Prevent injuries from the workers
As he ascended in his rocket and the entire humanity slowly comes into view beneath his feet. He was pleased with what he has achieved and "it was good".
Lool :)
Someone's reading Ayn Rand!
He makes enough money in one minute that I could live on for 20 years
He doesnt earn that much as salary.
If you had bought as many shares at startup - you would have the same
He makes more in a second than me in a year
@@mutha-moses His shares in amazon - increase in value (so called) at that rate thanks to government fed monetary policy and low interest rates - plus covid relief money printing. Who buys and bids up the shares? and why? and where did the money come from?... amazon plus all the top tech stocks are just a symptom of failed money printing policies by government (left or right doesnt make much difference).. Looking at bezos is missing the bigger picture
as dagogo pointed out, one has to be careful to distinguish
increase in networth
from
income
networth can crash if the stock market crashes.
There was also a whole thing with amazon paying fake warehouse employees to make comments about how great the working conditions are and also some drama about them hiring people to make an AI that could detect anyone favorable to unions.
_The answer starts with:_
"He looks and behaves like "Daddy Warbucks", treating the bulk of his workers like "turnaround slaves" and could end poverty but avoids taxes..."
_It ends with:_
"...who's company is actively expediting an age of technocratic feudalism and surveillance state dystopia."
Lord, that leaked anti union video...
It's like they updated a Stasi training video.
Sounds like working for Amazon is pretty dreadful. As a hobby author, I also hate him for crushing book prices - authors get nothing now and very little of any worth is published.
After watching an Amazon documentary it would appear that Bezos has a pretty ruthless anti competitive business streak. Also when it comes to his Amazon Fulfillment Centre employees it seems he works them pretty hard to the point that they actually don't like working for Amazon and his comments about them paying for Blue Origin is simply gaslighting. They certainly don't' feel apart of this accomplishment. Unlike the janitor at NASA that felt apart of Apollo program, even though his part was small, he still felt apart of the NASA family.
Or maybe he's just a very smart businessman?
How did he crush book prices? Can you explain?
@@lelouchvibritannia1788 He started off by selling books out of his warehouse, so that Amazon became the dominant buyer from publishers, so he then drove prices down. Look at the prices they charge now compared with the publisher’s usual price. It has crushed margins for publishers, who have been unable to pay authors much. End result is the torrent of rubbish in the book trade as it is simply not worth the effort for authors.
@@davidhollins870 publishers price was outrageous anyways, and I’d say they are mainly lower due to material big price difference between physical copy and digital
And i thought that my job with quotas per day was stressful. In amazon you literally have a clock in your face counting down the seconds.