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Re:Amazon investors nuke ethics overhaul and say yes to $212... by wincy on Thursday May 26, 2022 @02:31PM (#31521839)
So Jeff Bezos creating a company that employs people and grows the economy in a non zero sum way through efficiency gains shouldn’t be rewarded billions for the trouble? Why are people so concerned with the salary of the ultra rich? It doesn’t make your life objectively worse, if anything our lives are substantially better because of it, even if you don’t directly shop at Amazon.
Re:Amazon investors nuke ethics overhaul and say yes to $212... by tetris11 on Thursday May 26, 2022 @02:35PM (#31521879)
Because they can privately buy the regulators who can then make them even richer. If you place that much influence in the hands of anyone, it will be misused for personal gain.
Re:Amazon investors nuke ethics overhaul and say yes to $212... by csallen on Thursday May 26, 2022 @03:02PM (#31522161)
1. If the regulators can behave so unscrupulously, making Jeff Bezos poorer won't solve that problem.

2. Wealth and influence are always used for personal gain. That's kind of the point, no? People are incentivized to work and earn money exactly so they can use it to make their lives better.

Re:Amazon investors nuke ethics overhaul and say yes to $212... by tetris11 on Thursday May 26, 2022 @05:56PM (#31523808)
1. They could be more easily bribed by his competitors, or even by the government to do their jobs. It's less power to him.

2. If your goal in life is to maximize your own self interest without regards to how it impacts the society as a whole, then yes I agree.

Re:Amazon investors nuke ethics overhaul and say yes to $212... by OminousWeapons on Thursday May 26, 2022 @03:41PM (#31522534)
> Why are people so concerned with the salary of the ultra rich?

Two reasons. First it's because the left lets Twitter determine their messaging and so the economic problems facing the country have been framed incorrectly with an unnecessary moral slant. The economic problems facing the poor are not a function of "wealth inequality" (the delta between rich and poor), but instead are a function of the poor having insufficient resources and services regardless of how much money the rich have. When you frame the issue as wealth inequality, then bringing Bezos's wealth down without any concomitant increase in funding for the poor is a victory as the delta is being reduced. Certainly the rich will need to be taxed more to pay for additional services necessary to improve the lives of the poor and middle class, but explicitly lowering the wealth of the rich doesn't need to be in scope to solve the problems we are facing.

Second, no one wants to admit it and by saying it this comment will get flagged, but people care because they are jealous and misinformed. They have zero understanding of what an executive's job actually entails / they don't know anyone in such a role, and as such they (incorrectly) think anyone could do it. Therefore they don't understand why executives are receiving very high levels of comp or amassing massive net worths when they don't appear to be "doing" anything complex.

Re:Amazon investors nuke ethics overhaul and say yes to $212... by evandale on Thursday May 26, 2022 @04:21PM (#31522925)
> they are jealous and misinformed. They have zero understanding of what an executive's job actually entails / they don't know anyone in such a role, and as such they (incorrectly) think anyone could do it. Therefore they don't understand why executives are receiving very high levels of comp or amassing massive net worths when they don't appear to be "doing" anything.

Yep. It's the same jealously when people are paid millions to just shoot a ball in a hoop. Like, no. You shoot a ball into a hoop and have people who will pay $1000 to watch you do it.

One of my favourite punchlines:

Tapping with a hammer $2.00

Knowing where to tap $9,998.00

Re:Amazon investors nuke ethics overhaul and say yes to $212... by JaimeThompson on Thursday May 26, 2022 @03:32PM (#31522438)
>It doesn’t make your life objectively worse

If my taxes go up to fund plants / warehouses for profitable companies I am objectively worse, am I not?

Re:Amazon investors nuke ethics overhaul and say yes to $212... by jokethrowaway on Thursday May 26, 2022 @03:40PM (#31522526)
Absolutely, we need to abolish taxes and the government.

I don't see why your solution to your taxes should be "let's make the government control even more of the private sector via more regulations".

Get rid of the public sector and everything will move according to value for the customers, instead of who can bribe politicians better.

Re:Amazon investors nuke ethics overhaul and say yes to $212... by zht on Thursday May 26, 2022 @02:36PM (#31521889)
because the rich use their wealth to buy instruments that sway public opinion at the expense of everyone else?
Re:Amazon investors nuke ethics overhaul and say yes to $212... by LanceH on Thursday May 26, 2022 @02:46PM (#31522008)
Except for you. It's just the rest of the public which is dumb, of course.
Re:Amazon investors nuke ethics overhaul and say yes to $212... by iamcurious on Thursday May 26, 2022 @03:27PM (#31522404)
He is part of the public, he falls to ads just as we do too.
Re:Amazon investors nuke ethics overhaul and say yes to $212... by LanceH on Thursday May 26, 2022 @07:38PM (#31524571)
It's always the opposing side which is brainwashed.
Re:Amazon investors nuke ethics overhaul and say yes to $212... by ironlake on Thursday May 26, 2022 @02:59PM (#31522130)
The hn bootlickers really come out hard when someone suggests that wealth inequality can't be fixed by unregulated capitalism. Won't someone think of the oligarchs?
Re:Amazon investors nuke ethics overhaul and say yes to $212... by shukantpal on Thursday May 26, 2022 @03:35PM (#31522478)
The commies are here to give an actual argument, finally. Won't somebody listen to them?