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Email from Jeff Bezos to employees

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Re: Email from Jeff Bezos to employees

#361

Earlier quoted context omitted.

How about land? IP? Or a private company? Surely, only people that get issued options aren’t subject to a $1B max.

no need to set a max. Just set the marginal rate so high that earning (or, if a wealth tax, owning) more than some amount becomes pointless.

And disincentivize people from working? That's not a sustainable economic system. For a properly sustainable system, consider how Islam solved this problem over 1400 years ago. Zakat is the only form of "tax" if you will that is mandated. Interest and other predatory practices are prohibited (e.g. shorting). Once the fundamentals are correct, everything else naturally falls into place. It has been reported that during the rule of Umar II, there were no poor people left in Iraq to accept Zakat (charity) since everyone paid their share. It would be nice to see that happen again, but the modern financial system won't let it happen.

Re: Email from Jeff Bezos to employees

#363

Earlier quoted context omitted.

How about land? IP? Or a private company? Surely, only people that get issued options aren’t subject to a $1B max.

no need to set a max. Just set the marginal rate so high that earning (or, if a wealth tax, owning) more than some amount becomes pointless.

The question is how to determine the value of non liquid assets in order to implement a maximum wealth tax.

Suppose I own land or a private company or a collection of copyrights that become very valuable. Who and how determines when it crosses the $1B threshold, and how am I brought under said threshold. What if the asset is not easily divisible?

Re: Email from Jeff Bezos to employees

#364
post #67

Earlier quoted context omitted.

Yes, a bit of shakeup at the top. Jassy now CEO, Dave Clark stepping into Jeff Wilke's role as head of retail. I assume Charlie Bell will step up as head of AWS.

Listening to cbell rip someone apart in the weekly ops meeting while watching the #wtf peanut gallery whilst sipping my coffee are probably my fondest memories of working at AWS

Thing is, cbell doesn't make it personal (in any of the calls I've seen). It's about raising the bar. He demands quality, and he gets it. His weekly ops meetings have been imitated by other orgs, terribly, because they don't understand the point. They think ripping into people is the goal.

I've got a project this year that I'm told is on his radar. I'm not terrified. I'm excited, because it means I have to deliver the best I am capable of and I'll get help to do it.

Re: Email from Jeff Bezos to employees

#365

Earlier quoted context omitted.

A for-profit corporation seems like a terrible candidate for such a position.

Why it actually provides things people want and is based on voluntary interaction.

The crux of the argument really focuses on that "for profit" bit, and that's really a conundrum in corporate governance. The problem isn't at all "corporations", which are just assemblies of humans for a common purpose, but is the specific, legally-arguable requirement that their ultimate purpose is maximizing profit. The contrasting idea is the "public benefit corporation", where you're (presumably? IANAL) legally obligated to funnel your profits back into doing the job of the business better).

From a legal/ideological standpoint, this might be a powerful soft-pivot that would solve a lot of problems.

There's a famous line from Walt Disney, during Disney's golden age, where he said "we don't make movies so we can make money - we make money, so we can make movies". That really hits at the heart of it.

The interesting thing is that, to a large degree, most of the meaningful corporations that improve the world - despite nominally being for-profit companies, generally tend to operate halfways into public-benefit territory. Partly because the benefit provided by them is essentially what the owners are "buying for themselves". To put it in perspective - if you're an extravagantly wealthy patron who wants to - themselves - have animated films to watch, you can't just hire some off-the-shelf people to do it, because they don't exist unless an industry to train them, exists. There's not really a "more narrowly selfish" way to do it - you're best served by building some outfit like Disney to build a brain trust of people to produce what you want.

Similarly with Amazon; sure, an extravagantly wealthy individual could probably accomplish the shipping part of it with personal couriers, but the information-gathering part of it where all the products-available-to-buy are laid in front of you as choices would be nearly impossible to match. Like, you could try to match it with some awful, personal, potemkin setup. But by the time you put in all of that effort ... I mean, you're basically already building what could be a business that could serve others, so you may as well.

Re: Email from Jeff Bezos to employees

#366

Earlier quoted context omitted.

> corporations are not democratic, and putting so much power in the hands of one person or a handful of people is dangerous to society. Citation needed. Democracy is not a sufficient nor even necessary requirement for prosperity or "good" in general.

Not really possible to give you a citation, it's an opinion, or a philosophy. If you have a different idea of an ideal society, we're not going to cite our way to an agreement.

If you're going to dictate an opinion over an entire social structure, then it better be proven to work. My idea of an ideal society has already been proven to work in the past (look at the Islamic Golden Age). However, many of those in power today won't allow it to happen since it is against their interests.

Re: Email from Jeff Bezos to employees

#367
post #351
post #336

Earlier quoted context omitted.

They must have turned off the redirect sometime in the past few years. diapers.com also used to land on amazon.com :)

Gotta hedge your bets, but I'm glad that I don't shop at diapers.com.

Incidentally, books.com was taken early on (say 1990) by an outfit in Ohio. Pre-web, they had a telnet interface.

Re: Email from Jeff Bezos to employees

#368
> I don’t know of another company with an invention track record as good as Amazon’s

Come on man, that's just bs. From wikipedia:

> Researchers working at Bell Labs are credited with the development of radio astronomy, the transistor, the laser, the photovoltaic cell, the charge-coupled device (CCD), information theory, the Unix operating system, and the programming languages B, C, C++, S, SNOBOL, AWK, AMPL, and others. Nine Nobel Prizes have been awarded for work completed at Bell Laboratories.

Re: Email from Jeff Bezos to employees

#369

> This journey began some 27 years ago. Amazon was only an idea, and it had no name. Jeff's pitch at the time (1997); so on point, so precise: https://www.youtube.com/watch?v=rWRbTnE1PEM > The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while. Here's Jeff explaining the Internet (at a TED talk): https://www.youtube.com/watch?v=vMKNUy…

And here is the video from 1999 [1] showing his obsession with customer which is why customer support is in the DNA of Amazon 1. https://www.youtube.com/watch?v=vxwjzVW7z5o

Do people do any analysis anymore or do they just repeat memes? i.e. "we put the customer first".

For reference, I'm someone who hadn't used amazon (i'm in Australia, and I've just had no need). These holidays was my first real experience with the amazon brand and the amazon website.

What I saw was an incredibly user hostile site: reviews mashed together from all over the world, and you can't even be sure whether they're reviewing the right product or the seller. Search that doesn't work and you're never really sure what you're getting and from whom. I was searching for keyboard trays and it quickly became apparent various products were all the same but just re-labelled cheap chinese output.

When I went to check out, i had at least 3 dark patterns encountered where Amazon was directly trying to screw me: trying to trick me to sign up for prime, promising free shipping on the click but then default you out of it when you check out until you go searching for it, and continually spamming me with offers for whatever their streaming service is.

They weren't "customer first", they were actively customer hostile. I don't understand how this keeps getting repeated, unless their tech side is completely different from their consumer side...

Re: Email from Jeff Bezos to employees

#370

> This journey began some 27 years ago. Amazon was only an idea, and it had no name. It had a name, and that name was "Cadabra". It didn't become Amazon until Jeff watched a documentary about the Amazon River. His lawyer had already turned up his nose at "Cadabra", and Jeff was looking for something else. It's also worth noting that the idea didn't grow over time - Jeff always intended to build something like "Sears…

> It's also worth noting that the idea didn't grow over time

I doubt that he started out imagining he would build the world's biggest cloud hosting platform or open the first chain of checkoutless grocery stores.

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