Faces of Greed: Jeff Bezos

Amazon CEO Jeff Bezos is setting a new record as he regains the title of world's richest man so much money here. We have a new world's richest human being his name is Jeff Bezos. He presides over this giant empire. Amazon. It's basically into everything thanks in large part to its Amazon Prime service groceries. You name it. They're in it. What A Time magazine from January first through May first of this year, Jeff Bezos, the founder of Amazon, so his wealth increased by 275 million dollars every single day for a total increase in wealth of 33. Dollars in a four month period, Jeff Bezos, the world's richest man, is worth more than a hundred and 30 billion dollars. Pasos makes more in 10 seconds than the median Amazon employee makes in the year 28 Thousand 460 - $6 Basil's is one of the top 25 largest landowners in the country. He's on track to become the world's first trillionaire in the next 20 - five years last year, Amazon reported nearly five point six billion dollars in US profits and did not pay a On it and Trump's new tax cut it gives Amazon a 789 million dollar tax break on deferred taxes. Amazon has dramatically ramped up spending on lobbying in recent years. Last year. Amazon spent 13 million dollars on lobbying and hired nearly a hundred lobbyists from some of the biggest firms on K Street lobbyists ensure that Amazon can avoid paying their fair share of federal taxes. Last year. Amazon had two point eight billion dollars, stashed in tax havens in Luxembourg. occasionally they get caught and the Commission has today after. A decision that's tax benefits illegal on the EU, stated rules. the world's largest online retailer has been hit with a 294 million dollar bill from the European Union, Amazon, now the latest corporate giant to be swept up in an EU crackdown on tax avoidance. about 44 cents out of every dollar spent online in the United States. Now flows to Amazon. Bezos has made his fortune with the rise of the Amazon Empire, but Cost to his employees and described as a cutthroat corporate jungle where workers are pitted against one another 80 hour work weeks are the norm and falling ill can mean you're out of a job. There is definitely a sense from people that we talk to that. Amazon does not really care about their personal lives. You can't reveal any weaknesses or you will be in trouble. Amazon workers pickers Packers stowers are constantly. Moving pickers identify the items from rows of shelves collect more than a thousand a day and walk 15 miles in a typical 10 hour shift. The business model is to employ people work them as hard as they possibly can until they burn out and they get rid of them and we're seeing in the distribution centers. Whether it's physically or mentally people burn out and then they discard it. He's working conditions have had deadly consequences. Philip Terry, a 59 year-old from Indianapolis, died when a forklift at an Amazon facility. Andrus him as he was doing maintenance on the machine last year. Devin Shoemaker, a 28 year-old from Pennsylvania who had worked at an Amazon warehouse for seven years, was run over by a truck and killed another person. Jody Rhodes was also crushed to death in that facility in 2014 in the summer. Temperatures in Amazon warehouses have measured the heat index as high as a hundred and 10 degrees and the issue of of working conditions. I'm very proud of our working conditions and I'm very proud of the wages that we pay. Of Amazon employees are forced to rely on food stamps, Medicaid and public housing because their wages are just too low. The jobs that Amazon facilities bring to a community are not the beacon of hope. a community might expect in places where Amazon operates warehouse workers earned about 10 percent less than similar workers employed by other companies. for example, since opening an Amazon facility in Lexington County, South Carolina and earners for warehouse workers have fallen by 30. From $47000 to $32000 since opening an Amazon warehouse in Chesterfield, Virginia warehouse wages in the area have fallen by 17 percent in Tracy California. they've fallen by 16 percent. What does Jeff Bezos do with all of his money bail has further expanded his power and control over the economy with purchases like the Washington Post, which he bought for 250 million dollars in cash in 2013. Basil has a Lake House in Washington state worth 25 million dollars a Beverly Hills estate worth 25 million. And a trio of New York City apartments on Central Park West, where 17 million dollars he paid 23 million dollars in cash for the largest private home in Washington, DC second only to the White House and immediately began a 12 million dollar renovation. Turning the 20 - 7000 square foot mansion into an extravagant residences. His newly renovated home will have 25 bathrooms. Meanwhile, Amazon workers get bathroom breaks in order to meet their grooming work targets. So what does money mean for you being the first person in A net worth of three of the only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel. So that's basically in the time it took to watch this video. Jeff Bezos made over one million dollars. So what do you think and Jeff Bezos afford to pay his workers a living wage?