I did _not_ say he's doing this just for tax reasons. I asked if the $10b are really $10b that won't result in any tax breaks? Is Bezos letting go of $10b, or will he get a deduction, perhaps using a similar formula to the one you posted?
We're being duped on headlines such as "Bezos commits to $10b" when his net worth won't be affected by that much.
The cynicism comes from the PR, sure, but also from a preservation perspective. I doubt any of the grants Bezos is giving will result in research that shows in any way what Amazon is doing is bad for the environment. It won't propose an increase in taxes on gas based engines like lawn mowers, shipping plastic from overseas, selling meat based products, or if Amazon moved Prime to 5 days shipping instead of 1, it could bundle deliveries and reduce trucks on the street and the gas it uses.
And for sure, it won't be a critical view of the American consumerism (which is fueled and promoted and enhanced by retailers like Amazon) and how if the world had even 1/10th of the standard of living of the US the planet would be in flames right now.
It will probably be something like investment in renewable energy, electric trucks, drone delivery. All new stuff, investment opportunities, things that coincidentally help Amazon while helping the world. Don't get me wrong, it's all stuff we need, but the cynicism comes from Bezos being committed to fighting climate change as long as it doesn't take his money, and actually, it should probably make him money in the process.
> the cynicism comes from Bezos being committed to fighting climate change as long as it doesn't take his money, and actually, it should probably make him money in the process.
If this is the way it works out, isn't that actually pretty great? I mean, I personally find Amazon to be quite useful, so it if could continue being an economically viable business while also fighting climate change, I'd be very happy.
We're being duped on headlines such as "Bezos commits to $10b" when his net worth won't be affected by that much.
The cynicism comes from the PR, sure, but also from a preservation perspective. I doubt any of the grants Bezos is giving will result in research that shows in any way what Amazon is doing is bad for the environment. It won't propose an increase in taxes on gas based engines like lawn mowers, shipping plastic from overseas, selling meat based products, or if Amazon moved Prime to 5 days shipping instead of 1, it could bundle deliveries and reduce trucks on the street and the gas it uses.
And for sure, it won't be a critical view of the American consumerism (which is fueled and promoted and enhanced by retailers like Amazon) and how if the world had even 1/10th of the standard of living of the US the planet would be in flames right now.
It will probably be something like investment in renewable energy, electric trucks, drone delivery. All new stuff, investment opportunities, things that coincidentally help Amazon while helping the world. Don't get me wrong, it's all stuff we need, but the cynicism comes from Bezos being committed to fighting climate change as long as it doesn't take his money, and actually, it should probably make him money in the process.