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A comment on 1 out of every 153 American workers is an Amazon employee. Parent comment

Re:1 out of every 153 American workers is an Amazon employee by AngryData on Saturday July 31, 2021 @01:20AM (#28015502)
It is a problem in where that money is going and being spent on. If they are truly investing, no problem, but if they are "investing" into, for example, buying there own private islands to vacation on under the guise of business, lambos for company cars, or boosting stock prices they already own, they aren't helping or supporting the economy they are extracting wealth from. And it should be taxed just like if I personally bought an island or 50 pounds of gold jewellery or a supercar.

Just because a company buys and owns something doesn't automatically make it an investment that shouldn't be taxed as profit.

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Re:1 out of every 153 American workers is an Amazon employee by chii on Saturday July 31, 2021 @04:08AM (#28016332)
> buying there own private islands to vacation on under the guise of business, lambos for company cars

well you'll be glad to know that these are not what's being spent on - because if they did, it'd be an open and shut case from the IRS.

But

> boosting stock prices they already own

that is not considered investment, and i do not believe a company can avoid paying tax on profits used to perform this action.

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Re:1 out of every 153 American workers is an Amazon employee by kortilla on Tuesday August 03, 2021 @06:34PM (#28055057)
> there own private islands to vacation on under the guise of business, lambos for company cars

That’s not even a thing. We’re not living in an Austin Powers movie.

> or boosting stock prices they already own

Who is “they” in that sentence? Do you know how public traded companies work?

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