Amazon.com campus in Seattle, Washington.

Amazon Pays Less Tax and CEO Jeff Bezos Earns $11.5 Million per Hour

Amazon’s CEO Jeff Bezos reportedly earns around $11.5 million dollars an hour. I am not opposed to capitalism and generous earnings for CEOs. However, the multibillion dollar tax breaks the company received for plans to move their offices to New York, as well as the criticisms from President Trump about Amazon taking advantage of the US Postal Service—makes this corporation a monopoly that plunders economic growth for small businesses. It’s time for a boycott.

Only individuals can solve the problem of corporate monopolies by voting with their dollars. I never advocate for state intervention. Let private companies rise and fall, succeed and fail—this is the dynamic of capitalism. If you don’t compete to make your products or services better, someone else will. That said, Amazon has engaged in fascist acts with the government. Whether at state levels such in New York, where incentives were given to move its facilities there, or at the federal level concerning not paying adequate taxes. Moreover, Amazon’s trucks are using the roads to transport goods to customers. A question can be easily raised in regards to interstate commerce regulation by Congress (Const. Art. 1 §8). The most offensive act however is Amazon’s lack of paying fair taxes in proportion of middle class Americans.

Fascism at Work

Amazon paid little federal income tax in 2017. What is this? It’s called fascism: when government power merges with the private sector. Don’t people care about morality? Apparently not enough because they are either ignorant of what is happening or apathetic about doing anything. This is wrong and it needs to stop.

Amazon’s actions in the marketplace are not capitalism, but fascism. Truly abhorrent! #CommonSense #ConsciousCapitalism  #BoycottAmazon

The only way to thwart such ruthless, immoral corporations like this is an uprising by the People. Passing more laws via Congress won’t solve the underlying problems, but will rather put greater restrictions on freedom. Free market capitalism is a system that regulates itself—through ethics, morality, and self government. Only individuals can turn against such monopolizing powers by voting with their dollars and their actions.

See Also:

Amazon CEO Jeff Bezos Earned $9 Billion in Two Days: Open Source Intel Reveals the Facts

[YouTube 22:25] How 1 Percent Own 99 Percent of All Global Wealth

Jeffery Gundlach: Next Recession Will Bring “Extraordinary National Debt Problem” [Video]

Featured image by Joe Mabel [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

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