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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAmazon stock market value falls by $5bn after critical Trump tweet
LBN thread: Trump accuses Amazon of hurting 'tax paying retailers'
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Source: The Guardian and agencies
President accuses company of doing great damage to tax paying retailers, leading to many jobs being lost despite own failure to release tax returns
Guardian staff and agencies
Wednesday 16 August 2017 17.15 BST
Donald Trump wiped over $5bn off Amazons stock market valuation on Wednesday with a tweet accusing the company of doing great damage to tax paying retailers.
Trump tweeted that towns, cities and states throughout the U.S. are being hurt - many jobs being lost!
Link to tweet
Trump himself has been criticized for breaking with precedent and not releasing his tax returns, and asked, during a presidential debate, about disclosures that he could have paid no federal tax for 18 years, he remarked: That makes me smart.
The president has often criticized Amazon and its CEO, Jeff Bezos, who also owns the Washington Post. The paper has published a number of highly damaging scoops about Trump since he took office.
-snip-
Read more: https://www.theguardian.com/us-news/2017/aug/16/trump-amazon-taxes-tweet
geek tragedy
(68,868 posts)Amazon favors expanding federal enforcement/collection of sales taxes on internet purchases.
Egnever
(21,506 posts)And it is not at all clear that amazon is actually taking jobs.
https://www.ft.com/content/cf98680c-738f-11e7-aca6-c6bd07df1a3c
The jobs created are harder to pinpoint. Amazon employs fewer than three times as many people in the US as Walmart did in 1985, when its founder Sam Walton was crowned Americas richest person despite having five times the inflation-adjusted revenue. But whereas Walmart ran most of its logistics in house, Amazon relies extensively on parcel carriers and agency workers; UPS alone has added 100,000 jobs in the past 16 years.
Officials do not count these as retail jobs. But Michael Mandel, an economist at the Progressive Policy Institute in Washington, reckons that once warehouse workers are taken into account, new ecommerce jobs outnumber brick-and-mortar losses by 54,000 over the past year.
Foamfollower
(1,097 posts)Angry Dragon
(36,693 posts)send them back
Initech
(100,079 posts)Bezos still sells Trump Shit
workinclasszero
(28,270 posts)If so.....
Suck to be a republican stock holder of amazon right now!
HAB911
(8,904 posts)workinclasszero
(28,270 posts)Is he tired of winning yet?
The Velveteen Ocelot
(115,731 posts)and use them to make investment decisions?
jmowreader
(50,559 posts)So tell me, Two Scoops, about the damage your imported merchandise and imported laborers did.
tblue37
(65,394 posts)MineralMan
(146,317 posts)here in Minnesota it recently opened a new distribution center near the Twin Cities that is hiring tons of employees, all at hourly rates well above the minimum wage here. It's probably a difficult, fast-paced work environment, but they're hiring the crap out of workers here. On the other hand, they're also using gig-economy drivers for local deliveries and those workers are contractors and are not faring nearly so well.
It's a mixed bag.
VMA131Marine
(4,139 posts)If Trump's following Putin's path, Bezos better watch out lest he become the next Mikhail Khodorkovsky
Binkie The Clown
(7,911 posts)Brother Buzz
(36,440 posts)Think about it