SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Jeff Bezos stepped down as Amazon's CEO on Monday but will remain the company's executive chairman. (Photo: Daniel Oberhaus/Flickr/cc)
Sanders Denounces 'Morally Obscene' Wealth as Amazon CEO Jeff Bezos Steps Down
"Jeff Bezos makes some $2,537 every second of the day...nearly three times more in one second than the median worker in this country makes in an entire week."
Jul 06, 2021
Sen. Bernie Sanders on Monday marked Amazon founder Jeff Bezos's last day as CEO of the company by reiterating his call for a wealth tax and denouncing the fortune amassed by the world's richest person as "morally obscene."
"Jeff Bezos makes some $2,537 every second of the day...nearly three times more in one second than the median worker in this country makes in an entire week," said Sanders.
Bezos has an estimated net worth of over $200 billion, while the average U.S. household has a net worth of $748,000 according to the Federal Reserve. U.S. Census Bureau data shows Bezos's wealth is 739,489 times the median net worth of Americans who have reached retirement age.
\u201cJeff Bezos makes some $2,537 every second of the day. \n\nGot that? That means Jeff Bezos \u2014 the richest guy on the face of planet \u2014 makes nearly 3x more in one second than the median worker in this country makes in an entire week. That is morally obscene. \n\nTax the billionaires.\u201d— Bernie Sanders (@Bernie Sanders) 1625519160
Bezos will stay on as Amazon's executive chairman while focusing on philanthropic work as well as Blue Origin, his private space venture through which he is scheduled to join three crew members on the company's first suborbital flight later this mont
Last month, Sanders vehemently objected to a Senate bill amendment that could award $10 billion in additional funding to Blue Origin, expressing concern that Bezos and SpaceX founder Elon Musk "deciding that they are going to take control over our space industry."
"Does he really need $10 billion from Congress for space exploration?" Sanders asked at the time.
Bezos' wealth has grown by more than 12,000% in the last 23 years, since he was first named one of the country's richest people, with a net worth of $1.6 billion, in 1998.
Between October 2019 and October 2020, Bezos became $80 billion richer even as the Covid-19 pandemic and economic crisis forced millions of Americans to turn to food banks for the first time, left tens of millions unemployed, and displaced thousands of people due to uneven state-level protections from eviction.
Sanders introduced legislation last August to tax the pandemic wealth gains of 467 billionaires, including Bezos, by 60%--a measure which would provide the federal government with more than $420 billion in revenue.
"We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer," Sanders said at the time. "Or we can tax the winnings of a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans."
On January 20th, it begins...
Political revenge. Mass deportations. Project 2025. Unfathomable corruption. Attacks on Social Security, Medicare, and Medicaid. Pardons for insurrectionists. An all-out assault on democracy. Republicans in Congress are scrambling to give Trump broad new powers to strip the tax-exempt status of any nonprofit he doesn’t like by declaring it a “terrorist-supporting organization.” Trump has already begun filing lawsuits against news outlets that criticize him. At Common Dreams, we won’t back down, but we must get ready for whatever Trump and his thugs throw at us. Our Year-End campaign is our most important fundraiser of the year. As a people-powered nonprofit news outlet, we cover issues the corporate media never will, but we can only continue with our readers’ support. By donating today, please help us fight the dangers of a second Trump presidency. |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Sen. Bernie Sanders on Monday marked Amazon founder Jeff Bezos's last day as CEO of the company by reiterating his call for a wealth tax and denouncing the fortune amassed by the world's richest person as "morally obscene."
"Jeff Bezos makes some $2,537 every second of the day...nearly three times more in one second than the median worker in this country makes in an entire week," said Sanders.
Bezos has an estimated net worth of over $200 billion, while the average U.S. household has a net worth of $748,000 according to the Federal Reserve. U.S. Census Bureau data shows Bezos's wealth is 739,489 times the median net worth of Americans who have reached retirement age.
\u201cJeff Bezos makes some $2,537 every second of the day. \n\nGot that? That means Jeff Bezos \u2014 the richest guy on the face of planet \u2014 makes nearly 3x more in one second than the median worker in this country makes in an entire week. That is morally obscene. \n\nTax the billionaires.\u201d— Bernie Sanders (@Bernie Sanders) 1625519160
Bezos will stay on as Amazon's executive chairman while focusing on philanthropic work as well as Blue Origin, his private space venture through which he is scheduled to join three crew members on the company's first suborbital flight later this mont
Last month, Sanders vehemently objected to a Senate bill amendment that could award $10 billion in additional funding to Blue Origin, expressing concern that Bezos and SpaceX founder Elon Musk "deciding that they are going to take control over our space industry."
"Does he really need $10 billion from Congress for space exploration?" Sanders asked at the time.
Bezos' wealth has grown by more than 12,000% in the last 23 years, since he was first named one of the country's richest people, with a net worth of $1.6 billion, in 1998.
Between October 2019 and October 2020, Bezos became $80 billion richer even as the Covid-19 pandemic and economic crisis forced millions of Americans to turn to food banks for the first time, left tens of millions unemployed, and displaced thousands of people due to uneven state-level protections from eviction.
Sanders introduced legislation last August to tax the pandemic wealth gains of 467 billionaires, including Bezos, by 60%--a measure which would provide the federal government with more than $420 billion in revenue.
"We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer," Sanders said at the time. "Or we can tax the winnings of a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans."
Sen. Bernie Sanders on Monday marked Amazon founder Jeff Bezos's last day as CEO of the company by reiterating his call for a wealth tax and denouncing the fortune amassed by the world's richest person as "morally obscene."
"Jeff Bezos makes some $2,537 every second of the day...nearly three times more in one second than the median worker in this country makes in an entire week," said Sanders.
Bezos has an estimated net worth of over $200 billion, while the average U.S. household has a net worth of $748,000 according to the Federal Reserve. U.S. Census Bureau data shows Bezos's wealth is 739,489 times the median net worth of Americans who have reached retirement age.
\u201cJeff Bezos makes some $2,537 every second of the day. \n\nGot that? That means Jeff Bezos \u2014 the richest guy on the face of planet \u2014 makes nearly 3x more in one second than the median worker in this country makes in an entire week. That is morally obscene. \n\nTax the billionaires.\u201d— Bernie Sanders (@Bernie Sanders) 1625519160
Bezos will stay on as Amazon's executive chairman while focusing on philanthropic work as well as Blue Origin, his private space venture through which he is scheduled to join three crew members on the company's first suborbital flight later this mont
Last month, Sanders vehemently objected to a Senate bill amendment that could award $10 billion in additional funding to Blue Origin, expressing concern that Bezos and SpaceX founder Elon Musk "deciding that they are going to take control over our space industry."
"Does he really need $10 billion from Congress for space exploration?" Sanders asked at the time.
Bezos' wealth has grown by more than 12,000% in the last 23 years, since he was first named one of the country's richest people, with a net worth of $1.6 billion, in 1998.
Between October 2019 and October 2020, Bezos became $80 billion richer even as the Covid-19 pandemic and economic crisis forced millions of Americans to turn to food banks for the first time, left tens of millions unemployed, and displaced thousands of people due to uneven state-level protections from eviction.
Sanders introduced legislation last August to tax the pandemic wealth gains of 467 billionaires, including Bezos, by 60%--a measure which would provide the federal government with more than $420 billion in revenue.
"We can continue to allow the very rich to get much richer while everyone else gets poorer and poorer," Sanders said at the time. "Or we can tax the winnings of a handful of billionaires made during the pandemic to improve the health and well-being of tens of millions of Americans."
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.