Amazon CEO Jeff Bezos sold more than $1B worth of stock this week • Hacker News Board

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#81

Post by loeg » Sat, Nov 04, 2017, 7:20 PM UTC

KGIII wrote: post #73

loeg wrote: post #66

Earlier quoted context omitted.

One problem with this plan is that the debtor is obligated to repay the principal with interest. If billionaires could do this, they would be doing it all the time. And the IRS would be screaming about it. Instead, they're stuck with higher risk options like illegal tax evasion or just paying the tax they owe.

The above should count as tax avoidance and interest rates can be decided by the parties involved. Tax evasion is illegal. Tax avoidance is legal. Consult a qualified tax professional and legal council.

I believe I was very explicit about illegal tax evasion being a separate, a higher risk option. I am careful with my terminology.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#82

Post by Consultant32452 » Sat, Nov 04, 2017, 9:22 PM UTC

oblio wrote: post #74

Consultant32452 wrote: post #59

Earlier quoted context omitted.

I don't take incident with the 20% mark. I only take incident with the insinuation that the great societal benefits Bezos enjoys for his 20% was provided by someone else.

If Amazon does shenanigans to hide money you and I couldn't hide from the taxman, then that might still be true.

That doesn't matter unless you believe that Bezos/Amazon is pulling some unique shenanigans compared to every other wealthy person/company. Because even after the cumulative shenanigans of all the wealthy people they're still paying 95% of the taxes.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#83

Post by dragonwriter » Sun, Nov 05, 2017, 3:55 PM UTC

grandalf wrote: post #50

skellera wrote: post #47

Earlier quoted context omitted.

Seriously, all the bait and switches happening on Amazon is crazy. So many people getting screwed because a product built up good reviews then switches out for a counterfeit.

Indeed. I've been burned enough times that I'd actually join a class action lawsuit at this point. It's pretty ridiculous. Amazon needs to take full responsibility for counterfeiting. I'm tempted to charge back certain purchases instead of going through the normal highly annoying process. Being able to return an item no questions asked is not an appropriate remedy for getting a counterfeit product. It's a major hassl…

> I've been burned enough times that I'd actually join a class action lawsuit at this point.

Joining a class action lawsuit usually takes no action at all, but some action is required to opt-out.

So you've basically just said your been burned enough to do precisely nothing about it.

Now, if you were willing to initiate a lawsuit, whether class- or direct-action, that would be saying something meaningful.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#84

Post by grandalf » Mon, Nov 06, 2017, 4:54 PM UTC

dragonwriter wrote: post #83

grandalf wrote: post #50

Earlier quoted context omitted.

Indeed. I've been burned enough times that I'd actually join a class action lawsuit at this point. It's pretty ridiculous. Amazon needs to take full responsibility for counterfeiting. I'm tempted to charge back certain purchases instead of going through the normal highly annoying process. Being able to return an item no questions asked is not an appropriate remedy for getting a counterfeit product. It's a major hassl…

> I've been burned enough times that I'd actually join a class action lawsuit at this point. Joining a class action lawsuit usually takes no action at all, but some action is required to opt-out. So you've basically just said your been burned enough to do precisely nothing about it. Now, if you were willing to initiate a lawsuit, whether class- or direct-action, that would be saying something meaningful.

I don't disagree with your points; I am not quite that up-in-arms just yet.

Re: Amazon CEO Jeff Bezos sold more than $1B worth of stock this week

#85

Post by mcbruiser4 » Thu, Nov 09, 2017, 1:55 AM UTC

jaxn wrote: post #51

swendoog wrote: post #42

Earlier quoted context omitted.

I can't help but wonder what it's like to have that kind of money. Does such a person ever wake up, and wonder how the dice rolled so amazingly in their favor? Or do they wake up and stand proud, recognizing that they are so successful because of their own hard work and intelligence? Do they ever think about how insane life is that they ended up with 94 billion, while some people are starving? I'm not making any mora…

There are people in the world who’s life would be more transformed by your wealth than your’s would be by Bezos’. How did you wake up this morning? Also not making a moral projection here. We just tend to look up instead of down.

> We just tend to look up instead of down.

because no one strives to go down