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Crocfighter .132
How Money Works
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Comments by "Crocfighter .132" (@crocfighter.1322) on "10 Ways Billionaires Avoid Tax On A Massive Scale - How Money Works" video.
@NicitoStaAna "There's this statistic where if Amazon was sold for it's current price, wholly. Without a decrease in price (which is impossible since your selling a huge volume) and give it to the US government, that fund will dry up in 3 years. Shows how inefficient Governments are." Amazon's turnover is around half a trillion dollars a year, and their profits are a lot less than that. The US government provides services to a country of more than 350 million people. The only reason Amazon can make that much money is because the US spends a lot more than that on ensuring that business can be done. Enforcing property laws, arbitrating disputes, cleaning up the negative externalities and keeping shipping routes pirate-free. Incidentally, Amazon is worth ~$1.2 trillion and the US federal budget is around $6 trillion, that would take 3 months at most to spend. I think your figure might be for the department of defense.
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@NicitoStaAna You can't just say that an overgrown retail company's market cap can't fund an entity overseeing a $20 trillion dollar economy and conclude "inefficient". Amazon provides nothing similar in scale or type to the US government. They are incomparable. I don't think governments are traditionally finely-tuned economic performance engines, but that factoid doesn't help that case in any way. Like any large organization they are slow to adapt and usually try to make the conditions adapt to them rather than the other way around. Anything that size trying to do so many different things would be a mess.
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