Being able to hide it in net worth is the bullshit loophole, regardless of it being straight income or not having that net worth affords him the ability to get monstrously expensive things no other person could ever even dream of and he’s enjoying that life and everything in it while paying basically nothing in taxes
There probably should be an international wealth tax that’s completely unavoidable. Perhaps. Economists seem to disagree on this, but to me it would feel like a correct thing to do.
But saying that Bezos’s “real tax rate” is 1% is just manipulative lying.
Being able to hide it in net worth is the bullshit loophole, regardless of it being straight income or not having that net worth affords him the ability to get monstrously expensive things no other person could ever even dream of and he’s enjoying that life and everything in it while paying basically nothing in taxes
There probably should be an international wealth tax that’s completely unavoidable. Perhaps. Economists seem to disagree on this, but to me it would feel like a correct thing to do.
But saying that Bezos’s “real tax rate” is 1% is just manipulative lying.