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Amazon's Bezos Launches $2B Fund to Help the Homeless

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Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#211

Earlier quoted context omitted.

Looks like this was cheaper than upping the salaries of warehouse workers to get them off food stamps and provide healthcare. For Bezos this is just another calculation, nothing more.

It is really frustrating when a man makes that much and does so little. Like, I don't think/know if it should be law. I'm not talking about being Robinhood with our taxes or whatever. I don't know any of that. All I know is it's frustrating . Look at all the good Gates is working towards. There's just so much room for people with that much wealth to strive for. Honestly.. I think what's most frustrating is I can't ev…

Frustrating? I can understand why you would feel like it's a shame, or feel disappointed, or even ashamed of tech/bezos/humanity, but why frustrated? Is it that you're upset that you can't change the way someone else spends their own personal fortune?

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#212
post #101

Finally someone realizes that there is a problem. There is no justification in the biggest economy of the world to have this much poverty and homelessness. I am amazed every time I travel to Europe, how few homeless people there are, despite their economic growth lagging the US. And it is inherently a solvable problem with adequate resources. We have $1 trillion for the military. Surely, we can spare a few billions a…

> I am amazed every time I travel to Europe, how few homeless people there are, despite their economic growth lagging the US.

This. I grew up in Eastern Europe where middle-class people would make and eat every single meal at home, but I have never seen such level of poverty as I saw in the streets of the US.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#213
post #101

Finally someone realizes that there is a problem. There is no justification in the biggest economy of the world to have this much poverty and homelessness. I am amazed every time I travel to Europe, how few homeless people there are, despite their economic growth lagging the US. And it is inherently a solvable problem with adequate resources. We have $1 trillion for the military. Surely, we can spare a few billions a…

I'll say "finally" if he doubles the salary of his workers and give them a decent work conditions with a lot less stress.

He can keep his charity.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#214
post #9

For a billionaire who is slowly killing small business (because your margins are his opportunity), forcing people to earn less I find this ironic.

It's like saying, that industrial revolution killed artisan makers. It did, but it also was a global good. Small businesses must adapt.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#215

Earlier quoted context omitted.

It is really frustrating when a man makes that much and does so little. Like, I don't think/know if it should be law. I'm not talking about being Robinhood with our taxes or whatever. I don't know any of that. All I know is it's frustrating . Look at all the good Gates is working towards. There's just so much room for people with that much wealth to strive for. Honestly.. I think what's most frustrating is I can't ev…

That's the charity of Kings. The French king gave a lot to charity with one hand and created a lot more misery with the other. This is just the return of the times of charity.

That's the charity of Kings. The French king gave a lot to charity with one hand and created a lot more misery with the other. This is just the return of the times of charity.

You’d think people would remember how that worked out for the French royalty, but I guess it’s always “going to be different this time.”

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#216
post #177

Earlier quoted context omitted.

Looks like this was cheaper than upping the salaries of warehouse workers to get them off food stamps and provide healthcare. For Bezos this is just another calculation, nothing more.

One would be using Amazon's money and would affect Amazon's ability to continue growing and employing more people, the other is using Bezos' money, and does not, except by maybe affecting the share price as he sells more of his holdings. They're not the same thing.

If that is the case, nothing stops him from creating a Bezos Amazon foundation and making every Amazon employee below a certain salary threshold eligible for grants/help etc etc. With all the accounting jugglery they have access to, I'm sure there are multiple ways to making the employees financially happier while satisfying the shareholders thirst for squeezing the last drop from the last penny.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#217

Earlier quoted context omitted.

Lived in California for close to two years and I agree. The streets may not be the best sample though. There are homeless people who work and live in their cars. Getting government and NIMBYISM out of housing policy will lead to affordable housing and is paramount to fixing this. Opportunity Zone Investments should also help some.

Seattle's homeless camping problem has gotten really out of hand in the last 2 years. I moved away about a year and a half ago, when homeless tents were pretty common. When I visited recently, it was stunning how much worse it is. Almost every green space in the city (except for popular parks) is filled with tents. It's really crazy.

Homelessness is a problem. Camping is a (weak) solution.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#218
Utilitarian question:

Can he do more net good spending $2 billion to help the homeless, or spending an equivalent amount to double the take-home pay of warehouse employees and/or convert the "money towards medical insurance" plan into a company-supplied medical plan?

(Follow-up question is "Given he doesn't have plurality control of the stock votes, does he have the authority to do so in a vacuum without getting ejected from his own company?")

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#219

This isn’t popular, but I’d challenge anyone who thinks homelessness in Seattle isn’t primarily an addiction and mental illness problem to go spend a few afternoons in areas with significant homeless populations (3rd Ave in Pioneer Square is a great place, if you need a suggestion). It’s not that affordable housing isn’t a problem in Seattle. I know people who couldn’t live on their own in Seattle anymore due to rent…

When you subsidize poverty you are going to have more of it and local bodies love these people as the establishment can always buy their votes through doles.

This actually hurts the real needy people who are trying to get by.

Re: Amazon's Bezos Launches $2B Fund to Help the Homeless

#220
post #185

Earlier quoted context omitted.

How is it ludicrous? They are counting part-time workers among the "benefits" total which is disingenuous and not apples to apples at all.

I think the point is he could just offer full-time jobs instead.

There's nothing to say that people were offered full-time work and opted for part-time instead. Regardless of employee preference, it's still not apples to apples if trying to make a comparison to income qualifying for government benefits.

Is a business owner that only requires part-time work supposed to hire full-time workers for some arbitrary reason all of a sudden?

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