Amazon.com isn’t evil in quite the same way as, say, Exxon Mobil, JP Morgan Chase, or Halliburton, but that doesn’t get Amazon off the hook! Sherrod Brown’s solution to America’s $1.62 trillion 2011 budget deficit is higher taxes on the wealthy, which means completely- and partially-evil employers alike must be required to pay their fair share. While states try to craft new rules forcing Amazon customers to pay sales tax on out-of-state purchases, let’s see that Amazon.com gets the federal soaking every successful corporation deserves!
Now Soaking: Amazon.com
- Reuters lists Amazon CEO Jeff Bezos’s compensation as $1,681,840. Bezos founded Amazon in 1994, so he’s got enough money – even though the company’s CFO and President (fat-cats!) are paid much more. His $1,681,840 will be much better spent by Sherrod Brown and Barack Obama!
- Amazon’s 2010 income statement lists $352,000,000 in corporate income taxes. What a shamefully small contribution to the greater good! Let’s take another $352,000,000, lest spending cuts damage Sherrod Brown and Barack Obama’s rip-roaring economic recovery.
- All said and done, doubling Amazon’s corporate income taxes and taking their CEO’s pay will reduce the 2011 U.S. budget deficit from $1,620,000,000,000 to $1,619,646,318,160.
Fear not: books, music, movies, games, and all the other items on Amazon’s vast product list won’t get more expensive if Uncle Same takes a bigger bite of Amazon’s profits. Although a “free market” is nothing more than evil fat-cats cheating helpless saps out of money, Sheriff Sherrod’s patrolling these parts! Supply, demand, risk, cost, and reward are shadows from the dark old days.
None of Amazon’s online partners or 33,700 employees will lose their jobs if Sherrod Brown and Barack Obama work their not-at-all-socialist magic. Last and least, the only funds & individuals holding any of Amazon’s 452,000,000 outstanding shares of stock who suffer will be the ones who deserve to.
We, The People who support Sherrod Brown’s fiscal policies, hold these leftist conceits to be self-evident.