Comments by "" (@jmitterii2) on "Bernie u0026 Amazon War Over Poverty Wages. Amazon Loses." video.

  1. I'm glad I have only bought one thing from them ever... can't remember what it was... electronic something I think. Last couple years, for whatever it's worth, I have consciously made a choice not to buy from that monopsony. Amazon is the internet Walmart. It's a thousand million = billion. People don't understand the concept of even a million dollars though as media floats it around like everyone's winning the lotto. If you made the individual median income exactly of $31,099 for 40 years (lifetime working) that equals $1.243 million, you would just slightly go over the million dollar mark... after a lifetime of working. Obviously, most first 10 years of work make well below the median. And then next 10 just below at maybe finally meet it. And hopefully the last 20 years you're mostly at or above it most of the time. Less than half ever make it through the median income; so they're making much less lifetime. So a million dollars alone is almost the individual lifetime median income. A billion is a thousand lifetimes of such money... and 160 billion is 160 thousand lifetime earnings. Only 58 country out of the 192 countries around the world make 160 billion or more in GDP... or 134 countries entire national GDP is less than $160 billion. 30 of the states and territories in the Union make more than $160 billion GDP out of 56... the other 26 states have a smaller GDP than $160 billion. It's an absurd amount for one individual to have. Only sort of bright spot, the figure is somewhat fluff, market capitalization isn't actual money in circulation and is only calculated via the last closing price of the stock times all outstanding shares... so its kind of a fluff figure. Fluff figure or not, it's still an absurdity... he go slowly sell an liquidate... he could find investment banks to buy his stuff at those prices... or he could even borrow using a portion of those shares he holds as collateral. Or he can just hold onto it to soak up any dividend it makes... grant it Amazon the way Bezos has ran it in the past, he rarely pays out dividends, he uses most profit to just keep growing the monster... which presents a monopoly or oligopoly or monopsony problem.
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