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Scrooge.
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this post was submitted on 10 Sep 2023
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Clever Comebacks
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Unless he's donating everything tomorrow, this is all bullshit.
First off he doesn't have 124 billion. He is WORTH 124 billion, the vast majority of it being the worth of his stakes in Amazon. If he sells all his stakes in it, the Amazon worth would plummet and he'd be worth a fraction of what he's worth today.
But lets say he has a 124 billion dollars. If he gives out 10 millions every day it will still take over 300 years. In that time his worth likely would.grow faster than he's spending it so in 300 years he'd still be worth more than he is today.
All this charity stuff is bullshit, TAX THE RICH. Taxes will give honest amounts of money to governments who can then use that money for universal healthcare, universal education, universal income...
I'm all for taxing the rich but the rest of this is just pure stupidity.
Like why did you cap how much he can give away at one time lol
Try to sell all your stocks at once if you own a big chunk of all available shares. The stock price would fall faster than you were able to sell your shares.
Bezos already engages in structured stock sell-offs worth vastly more than $10MM