How do billionaires exploit workers, cause inflation and dodge paying taxes? Follow the money.
Bezos is worth over $200 billion and paid no Federal Income Tax many years
- Amazon profits increased by $12 billion in 2021, says it has to increase prices in 2022
- Bezos wants a $10 billion subsidy from tax payer money for his space adventures
- Amazon CEO Jassy makes $212,701,169 that is 6,474 times the average Amazon worker making $32,855.
- After trillions in tax cuts for the rich, Republicans refuse to help struggling Americans
- Republicans oppose President Biden’s plan to have billionaires pay their fair share of taxes
- Amazon workers die in unsafe working conditions
- Amazon fights workers organizing to forming unions
How have billionaires rigged the system and get richer during inflation while everyone else suffers? Follow the money with this Power Map.
How billionaires have rigged the system
Amazon Prime inflation
Amazon increases profits by $12 billion in 2021, says it has to increase prices in 2022. Amazon announced in Feb that it was raising “the price of its annual Prime subscriptions from $119 to $139 per year in the United States.” (Monthly subscriptions increased as well, from $12.99 to $14.99.) The company said this was necessary “to compensate for the rising costs of labor and transportation in its distribution network.”
But Amazon fared extremely well in 2021 with the old pricing structure. Its net income increased by $12 billion — from $21.3 billion in 2020 to $33.4 billion in 2021. Andrew R. Jassy, Amazon CEO was also awarded a total compensation package of $212,701,169. The ratio of Jassy’s compensation to the average Amazon worker, who makes $32,855, was 6,474-to-one.” – Popular Information
Billionaire tax dodgers
“The 55 largest corporations that paid $0 in federal corporate income taxes in 2020 spent $450 million on lobbying and political contributions in recent years, according to a Public Citizen report. This enormous influence allows major corporations to influence legislation and block progress on important issues, while the American people that rely on these reforms are forced to carry the tax burden.
It’s not only the corporations themselves that go through great lengths to avoid taxes — so do their CEOs. In 2018, Tesla founder Elon Musk paid no federal income taxes. Former Amazon CEO Jeff Bezos did the same in 2007 and 2011. The wealthy have gamed the system to avoid contributing to society’s interests, unlike the rest of us that have to carry the load.” – Public Citizen
Use Power Maps to follow the money
This Power Map was created with the free Kumu app. It allows you to map individuals and companies; show the relationships between them along with details such as text, images and videos for each item. Share the maps you create freely so others can easily see what’s going on. Or in this case follow the money that allows billionaires to profit from inflation and dodge paying their taxes with Republican help.
TakeAway: When billionaires have rigged the system and bought politicians, the only power working Americans have is their ability to organize and vote . Use it!
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