Please do a quick read of this. It’s short, well written, and will remove a bit of wool from over your eyes.
@amuse@amuse
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Jeff Bezos
513 posts
Jeff Bezos
@JeffBezos
Amazon. Blue Origin. Washington Post. Bezos Earth Fund. Bezos Academy.
Se unió Temmuz 2008
587 Siguiendo7.8M Seguidores
Jeff Bezos retuiteado
Said much of the same last week, but this is for the most part true, and most people don’t realize this (It marginally depends on what state). Definitely true in CA. Before everyone says, well it’s only income tax or the rich take a larger share, please see this graph: wid.world/document/why-i…
Jeff Bezos@JeffBezos
Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
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Jeff Bezos retuiteado
Alexa was surprisingly helpful with this
Ashlee Vance@ashleevance
Absolute banger on the Substack tomorrow
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Jeff Bezos retuiteado
In 2000, 36 yr old Jeff Bezos spoke about Space Exploration:
“If I could do anything, I’d go explore space. Who knows 20 years from now, due to technology, such things will be easy.”
- Jeff Bezos.
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Jeff Bezos retuiteado
A really important and interesting interview with @JeffBezos and @andrewrsorkin about tax policy, AI, the economy, and space. Unfortunately it is only in audio form.
Bezos argues for eliminating tax on the bottom 50%, making the case that the 3% of tax revenue from this cohort should be made up for by eliminating government waste and fraud. I agree.
He says that instead of vilifying the top 1% who pay 40% of Federal taxes, we should have a real debate about tax policy.
Is making the tax system even more progressive the right answer? Will it generate more revenues or less?
Or should we endeavor to eliminate waste and shrink the size of government in order to eliminate tax on an even greater percentage of Americans?
On AI, he makes a powerful case for more jobs, in fact a labor shortage, due to growth driven by increases in AI-driven productivity.
A must listen.
The interview begins at 18:33.
youtu.be/NSVpd46EfLo?si…
YouTube
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Jeff Bezos retuiteado
Jeff Bezos with straightforward simple logic.
Bottom 50% pay no taxes + costs government 3%.
Yet 100% life changing for this bottom half of America
A smart and simple approach worth doing.
Jeff Bezos@JeffBezos
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos retuiteado
I wrote an essay about how we should eliminate income tax for the bottom half of Americans a few years ago.
It would reduce an enormous burden on hundreds of millions of Americans and cost ~3% of government revenue.
Jobs are the largest positive externality in the economy, yet we disincentivize them with payroll + income tax.
While this feels like one of the most impactful policy proposals to help Americans, most politicians would rather squander the money on inefficient government programs.
This is the best way to support lower and middle-class families.
Jeff Bezos@JeffBezos
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos retuiteado
Jeff Bezos is right, it's time to increase the standard deduction significantly. It's the best way to increase living standards for those who need it the most without the welfare trap.
Jeff Bezos@JeffBezos
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Jeff Bezos retuiteado
Jeff Bezos is openly advocating for income tax to be abolished for the bottom 50% of Americans.
Great idea that would help millions of families who need it.
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Jeff Bezos retuiteado
A basic analysis shows that zeroing out federal taxes for the bottom half the USA would help millions, have minimal impact on tax receipts & add over $100 billion to the economy.
It's easy to check this yourself with @grok & similar, great of @JeffBezos to highlight.
Jeff Bezos@JeffBezos
Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
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Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.
Shay Boloor@StockSavvyShay
Jeff Bezos said the bottom half of Americans should pay zero federal income tax. He cited a nurse in Queens making ~$75K and paying ~$12K in taxes saying “we shouldn’t be asking this nurse in Queens to send money to Washington.”
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Jeff Bezos retuiteado
Zero out taxes for the bottom half of earners. A nurse in Queens shouldn’t be sending money to Washington. Washington should be sending her an apology.
CNBC@CNBC
Jeff Bezos says taxes for lower salary workers are too high: "It's kind of absurd that we're doing this ... We shouldn't be asking this nurse in Queens to send money to Washington."
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@VivekGaripalli Thanks. And housing policy is just as bad.
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Thanks. And it would help a lot of people to zero out taxes on the bottom half.
MarketMaverick@MktMavPro
100%… It’s not a funding issue…
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Thank you. The important part is zeroing out taxes on the bottom half. Best way to put money in someone’s pocket is to not take it out in the first place. Bottom half is only 3% of total tax revenue. But it’s very meaningful to that person. Zero it out.
Chris | Venture X Media@thecoachchris_
Facts It's great that Jeff Bezos thinks this way, because too many people who don't make money think that giving money to the government will solve a lot of their problems. They think these government programs are the answer, and it's clearly not. You can look at the federal level or at the state level, and you will see that a lot of government programs are simply waste.
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Jeff Bezos retuiteado
Jeff Bezos on NYC spending:
"If we ran Amazon the way New York City runs their school system, packages would take 6 weeks to arrive, we would charge you a $100 delivery fee and when the package did finally arrive, it would have the wrong item in it."
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