Payroll and charity issues aside which is up to interpretation, I dont understand why HN can not take the article. Maybe HuffPost isnt a credible source?
If so, that's not a valid reason for flagging an article.
It's particularly odd because as far as I know, none of the articles about Amazon's search for a new headquarters have been flagged.
If he donates to charity he gets a tax credit.
Am I missing something? Else seems logical to me.
Technically, payroll taxes are paid by the employee, even if–even more technically–the money itself goes directly from employer to Government. To the employer, it's just part of the employees' wages.
Of course neither option means that it's a net positive for him (or anyone) to spend money. If he pays 1 Million more in wages, or gives that same million to a recognized charity: in both cases he save only the taxes he would have paid on that million, i. e. something around 25%-35%, depending on the source of that money.
And taxes aren't just a black hole that swallows money. The marginal utility can be extremely high. Because so much of the budget is tied up in long-term obligations, administrative wages etc, any additional money has an outsized impact when it comes to the discretionary budget, where politics is actually able to shape communities.
The government is also much better at allocating funds where they're needed, compared to most charity work. Trying to replace government with benevolent giving just leads to every stray puppy on earth being pampered, but nobody is going to finance reintegration efforts for convicted sex offenders.
A tax deduction + PR.
Fredrick Kunkle is a staff writer on The Washington Post’s Metro desk
and co-chair of the Washington-Baltimore News Guild’s bargaining unit
at the Post. The views stated here are his own.
Amazon the company pays salaries, not Bezos. An increase in X$ to warehouse workers may mean a decrease of X*Y$ in Bezos's wealth. It's not so simple.
Also, the workers that everyone feels bad for are less than a decade from being entirely replaced with robots. It's sad but if your entire job consists of walking around a warehouse picking up objects and putting them into boxes because you have thumbs and robotic ones are not good enough yet, I don't see why you should expect anything more than minimum wage.
I'm all for Jeff Bezos operating as a more ethical businessman. And you can criticize him for that till the cows come home with no objection from me. But lets not criticize his plans for charitable giving. Lets not discourage that. Because at the end of the day, billions of dollars to effective charities will save millions of lives.
I live in NZ, which has a population of 5 millions or so. It doesn't feel like a small country at all. And yet Jeff Bezos could probably save that many people from dying if he wanted to. He could literally create another NZ worth of people in the world. It wouldn't quite be as cheap as $18B, but I suspect it could be done for less than $40B. So he would still have another $40B left to fix those worker-welfare issues.
Of course there is nuance here with taxes, PR, and what dispersal of money does more ethical good. The point is, depending on the answer you settle on for this resulting question, there are multiple valid answers to your question above.
Which Jeff Bezos is doing anyway, just for a different charitable cause.
Edit: or realizing that you're all in this together and their success is your success.
But if you don't need loyal motivated employees, paying extra for that is unnecessary and basically just very inefficient charity.
If they started to pay their employees more, then they could have never priced their goods as competitively.
"But wait, that was then, why not start paying their employees better now?"
Because this is just the beginning. Amazon will use that money to grow even bigger by investing into itself. You don't even know what they might expand into in the next ten years. And yes, they will have to do it by paying their employees as little as they can get away with to keep growing the business at the same quick rate.
More than half the people are trying to get the most they can instead of the least. The vast majority of people in this situation (the employees) are not getting what they want. Unless they start collective bargaining, Bezos has far more power than they do.
Open the article in a new tab, and instead of the back button being greyed-out, it is functional -- when clicked, it redirects to the home page with a full-screen headline.
There's a ton of SAN in there, including:
DNS:gp1.adn.edgecastcdn.net, DNS:gs1.adn.edgecastcdn.net, DNS:ne1.adn.edgecastcdn.net, DNS:www.uship.com, DNS:www.bluefly.com, DNS:www.belleandclive.com, DNS:is.belleandclive.com, DNS:connections.cochlear.com, DNS:assets.pokemon.com, DNS:www.shopperschoice.com, DNS:www.biznessapps.com, DNS:cdn.shocho.co, DNS:secure.hibustudio.com, DNS:www.stardoll.com, DNS:adn.wiredrive.com, DNS:www.speedtest.net, DNS:www.cduniverse.com, DNS:ak-site-origin-cover.cduniverse.com, DNS:cover.cduniverse.com, DNS:g.cduniverse.com, DNS:www.renttherunway.com, DNS:cdn2.navexglobal.com, DNS:www.chdist.com, DNS:www.thefanorama.com, DNS:cdn2.mediasilo.com, DNS:cdn.citadoncw.com, DNS:www.woodcraft.com, DNS:marketing-admin.upsight-api.com, DNS:www.edgecast.com