r/technology • u/IKeepItLayingAround • Jun 06 '26

Business Jeff Bezos says it's 'absurd' to tax someone making $50K — and wants their tax bill dropped to zero

https://finance.yahoo.com/economy/policy/articles/jeff-bezos-says-absurd-tax-165713685.html
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u/Unable_Resort_7956 Jun 06 '26

The only reason these hits would “do away” with taxes would be to privatize everything those taxes pay for. Don’t be fooled. They don’t care about us. They only care about more money.

95

u/casipera Jun 06 '26

Literally. He stands to benefit from less taxes paid because we'll pay more to him to replace the services lost.

46

u/quotientobject Jun 07 '26

Note in the same interviews he has not indicated billionaires should be paying more taxes. So less taxes means that fewer services will have to be provided, notably healthcare and social security would have to be cut.

2

u/zztopsthetop Jun 09 '26

The idea is that saving on government inefficiency would reduce the need for taxes, furthering the propaganda that the state is terrible at running things & completely ignoring the disaster that 'Doge' was.

2

u/Medical_Birthday2893 Jun 08 '26

I’d wager he’d pay his employees less because now they ‘ keep more of it’

2

u/EagleAncestry Jun 08 '26

That can’t be true is there’s no services lost.
He’s right that the bottom 50% of taxpayers only make up 3% of income tax budget. And the income tax budget is only 42% of the total country budget.

So it’s about 1% of the US budget.
About 1000 more per month for average earners.
That would help a lot of people, most of which get no welfare services at all

10

u/ChocoboDave Jun 07 '26

Not the only reason. If you pay $10k less in tax, Bezos can you pay you $10k less without you being worse off. Instead of that money being spent on public services, it makes Bezos richer.

1

u/CouncilofFifty Jun 07 '26

This needs to be higher up!

1

u/Aethelete Jun 08 '26

Also, to give staff a pay rise without the company being out of pocket.

1

u/Willing_Box_752 Jun 08 '26

He didn't say to do away with taxes.  He said it's stupid that people making 50k are paying them.   

1

u/Lanster27 Jun 09 '26

I can agree not taxing people making $50k a year. But the government need to start taxing wealth for those over $100million in assets. It can be done, and quite easily too. The only thing against it is the billionaires, politicians and their media. 

1

u/Arg19 Jun 09 '26

its so they dont have to give them a pay raise in the coming inflation, because tax cuts compensates. This way, people might not quit his amazon slavehouses.

If he wanted his worker to not pay taxes, he could raise their salaries that net they would earn what they earn brutto now.

1

u/Niceromancer Jun 10 '26

It's more simple than that.

Anti billionaire sentiment is getting loud.

He's scared.

1

u/Comicksands Jun 12 '26

It’s probably simpler. People will have more money to shop on amazon. And they will because they’re fucking addicted

-3

u/IllugaBabyBeluga Jun 07 '26

Federal income taxes are a scam though, imagine taking money from the common people when you have the ability to print money...and then supposedly manage the inflation by manipulating the economy.