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by wredue 979 days ago
Massive wealth hoarding impacts everything from social programs to inflation to who can own a house to who can afford to have kids.

This is a serious economic issue.
2 comments
brvsft 979 days ago
Most of his wealth is AMZN stock which never existed before Jeff Bezos made Amazon. What exactly do you think he is hoarding? Wealth is not zero-sum.
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wredue 979 days ago
Most of his wealth being Amazon stocks makes this companies treatments of employees WORSE not better.

The fact that one person can steal so much wages from his employees while simultaneously also getting “paid” through their equity, and that stealing wages and wage growth from his employees is viewed as positive is everything that’s wrong with capitalism.

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pipes 979 days ago
What does "hoarding" mean here? Amazon's value is reflected in its share price, this isn't decided by one person or entity. When someone or some entity buys or sells Amazon stock they are deciding what they think the stock is worth. He owns a large amount of this stock because he founded the company.

Is he hoarding Amazon stock? Do you mean there is a finite amount of wealth and he has hoarded it somehow in Amazon !?

He worked to make his company as valuable as possible, which is what his job was.

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