What recession? A new report suggests that the Amazon CEO could earn his first trillion much sooner than originally predicted.
As many businesses have been tanking in 2020, Amazon sales have been doing just fine.
A Microsoft and Apple become trillion-dollar companies—with Amazon just a hair behind—the possibility of the world's first trillionaire is within arm's reach. Amazon's CEO and the richest person to ever live, Jeff Bezos, is projected to earn his first trillion by 2026. Especially in the wake of the worldwide health crisis and the recent strike of Amazon employees, Bezos has especially come under fire for his financial habits.
Here are just a few things Bezos could buy:
New Water Lines for Flint:
In 2017, the state of Michigan set aside $97 million for lead or galvanized steel water lines to be replaced in Flint as a solution to the city's ongoing water crisis.
The current naturalization fee in the U.S. is $640. Although the exact number of undocumented immigrants in the United States is understandably difficult to pinpoint, the Pew Research Center estimated that there were roughly 10.5 million as of 2017. It would cost about $1 billion to pay for naturalization fees for all undocumented immigrants in the U.S., which Bezos could pay 100 times over and still have $40 billion to spare.
The San Francisco Bay Area and New York City account for two of the country's highest rates of homelessness. Reports in 2019 estimate that it would cost just under $13 billion to end homelessness in both San Francisco and New York City, which Bezos could pay and still have $100 billion for himself.
According to a 2018 report, the four richest universities in the U.S. are Harvard University ($38.3 billion), the University of Texas system ($30.9), and Yale University ($29.4 billion). Bezos could buy them all, with a few billion left over.
Bezos could permanently double the budgets (about $4.5 billion) of World Health Organization programs that address communicable diseases, health emergencies, vaccinations, and other global health threats—you know, the organization Trump just threatened to defund?
This Could Actually Work...
Petition for the Establishment of the Ronald Reagan Super-Presidency
I think every Rational Person can agree that half of this country has lost its damn mind—and I'm not talking about the Good Half! It's time we forced the Elites in this country—again, not the good ones—to pay their fair share! If they really think that we should raise the top marginal tax rate—which affects everyone equally!—they should prove it by putting their unearned billions of dollars to good use.
By establishing the official, fully-funded position of RONALD REAGAN SUPER PRESIDENCY, Jeff Bezos, Bill Gates, George Soros, and Warren Buffett will be demonstrating a commitment to start being patriotic and working to MATA—Make America Truly Amazing. For only a quarter of a billion dollars each, they can create a new Executive Position that would have some Real, Actual Power in this country—unlike the regular presidency that, a lot of people don't realize, was basically RUINED by Obama, and doesn't let you do anything without a bunch of Very Partisan, Very Crooked judges getting in the way.
With that in mind, the following are the enumerated powers and privileges that the Super-President would wield:
1)The Super-Presidency, Super-President and all Derivatives are always Capitalized, and should actually be in ALL-CAPS as often as possible, because He—not to be sexist, but who are we kidding?—deserves our respect.
2)Upon unanimous selection by everyone on Cable News and the Met Gala guest list—who are generally Snooty Jerks, but will make the right call on this one, because it's Important—the Super-President shall be awarded A BILLION DOLLARS, up-front, no questions asked. Not that he needs it. I mean, even being qualified for this kind of position probably means He's already a Billionaire (but there's obviously no need to look too closely into His finances).
3)He will have his own social-media platform that's like Twitter, but with more Free Speech and fewer Haters. It will be called the Super-President's, Listen Up, Time To E-learn Respectfully—or SPLUTTER for short.
4)Everyone on cable news has to say one flattering thing about the Super-President every day, unless they want to be officially CANCELED, and de-platformed from SPLUTTER, or possibly executed—we'll work out the details later.
5)Once a week, He gets to force someone who's been rude to Him to APOLOGIZE or, again, be de-platformed/executed.
6)Once a month he gets a full Military Parade, with real Hollywood military weapons and vehicles like you see in the movies, and a lot of really Handsome Generals straight from central casting. And also a free tour of Universal Studios.
7)Once a year, His official title will be amended to reflect his achievements. Like, say that Billion Dollar bonus gives him the momentum he needs to quickly become the richest man in the world—as long as a Close Associate vouches over the phone and has a different name (though some overlap in the names is no big deal), we won't need to check too closely—then His official title will be lengthened to THE RONALD REAGAN SUPER-PRESIDENT, _ _ _ _ _ _ _. _ _ _ _ _, THE RICHEST AND THEREFORE SMARTEST MAN IN THE WORLD. And if he wants to replace the part about Reagan with his own name, that's also allowed—it's really just a place-holder.
8)He can have a Second Wife if he wants to, because He's EARNED it—unlike the regular president, who only gets one.
9)Free McDonald's for life, including if he wants to feed like a whole sports team, as long as they aren't Anthem-Kneelers.
10)His own version of the American flag with His name on it, and extra padding for flag-hugs.
11)It's a Lifetime Appointment, so He doesn't need to waste his time on re-elections, and He can never be IMPEACHED OR WITCH-HUNTED OR LYNCHED.
12)Rallies whenever He wants, and also Meetings for very High-Level, Important deals with very Handsome and Important Men, straight out of central casting.
Obviously this is way too much POWER to give to just anyone, so we better talk about the Requirements For Qualification, which are pretty tough, let me tell you, but should be no big deal as long as you're not a loser.
1)He should already be RICH, like really loaded, and not embarrassed to show it off, because that makes Him smart.
2)He should have gone to a really good school, like the Wharton School of Business, and any really established Jesuit School should be fine for undergrad. He also needs to have gotten really good grades, as verified by another call from a Close Associate with a BELIEVABLE name.
3)He has to resign from any Political Office He is currently holding, and can never hold another office, but there's obviously no Shame in it, because this is basically a PROMOTION, and we wouldn't want a politician-type having this much power in the first place—this is a job for a Real Man.
4)He has to pledge to Make America Truly Amazing
5)He should have made his Fortune in something Real and Important, like Real Estate or Branded Marketing.
6)He should definitely be tall, like at least 6'2"—not that we're getting out a tape measure.
7)He should be a truly great golfer, since most DEALS happen out on the links these days. Any plaque that lists Him as a Champion at a prestigious Club/Resort should be proof enough.
8)Must be a Real American, and no I will not explain.
10)He will probably already be very important and respected, as measured by how many times He's been on the cover of TIME magazine—at least 20.
So, please sign here if you want these rich, Lefty Elites to pony up and give someone a REAL chance to fix this country. And if you don't sign, that means you hate America and you hate Trump. Oh, and feel free to nominate anyone you think might Qualify.
On Valentine's Day, Amazon pulled out of its plan to build a second headquarters in Queens, citing the efforts of citizen protestors and politicians who opposed its imminent arrival.
The moment Amazon announced that it would be building its second headquarters in NYC's Long Island City, people took to the streets.
On November 26th, a coalition of immigrant advocates and anti-HQ2 groups gathered to protest Amazon's involvement with ICE, Paladir, and other organizations responsible for deportations. Citizens marched again on Cyber Monday, launching a " day of action" and flooding an Amazon Bookstore in Manhattan, holding signs aloft and chanting sing-song rhymes about Jeff Bezos. Together, over two dozen community groups organized these protests, including local unions and nonprofits. Following the protests in Manhattan, Amazon workers employed in warehouses in Staten Island made the decision to unionize, citing low pay and impossible performance quotas, and leveraging Amazon's impending move to Queens to draw attention to their case.
Image via The New York Times
Their protests attracted the attention of some of New York City's political officials, such as City Council Speaker Corey Johnson, who initially supported Amazon's entry but denounced it after learning more about the circumstances surrounding the deal. He began to stand with the protestors, complaining that a general lack of transparency and the fact that Amazon bypassed NYC's standard review process mandated further investigation.
In December, a public hearing was held at City Hall, and protestors gathered outside while council members grilled economists and officials who had been instrumental in making the deal with the world's most profitable corporation. "We are not in the business of corporate welfare here at city council," said Johnson.
It was this so-called corporate welfare—the $3 billion in government and tax incentives that Amazon was promised, in exchange for the 25,000 jobs it promised to create—that became the foundations of the anger stewing around the sales conglomerate's impending arrival, anger which resulted in Amazon's decision to pull out of its promise to develop a huge corporate campus in Queens.
Image via Vox.com
The people's anger came from different places, and their protests were haphazard efforts, but their rage had been brewing for a long time, and Amazon's imminent arrival fed a variety of fears about corporate greed and pervasive gentrification, which opponents feared would tear apart places like Long Island City, sucking it clean of culture and community. Amazon's arrival was predicted to catalyze a wave of homelessness; the announcement that it was setting up shop in Long Island City was instantly followed by dizzying spikes in rent—chilling lower-income residents in a city already plagued by stretches of empty storefronts.
Long Island CityImage via AM NY
Protestors cited Amazon's effects on Seattle, Amazon's first home city, as reasons why the conglomerate shouldn't move on with its plan. Some people argue that Amazon made Seattle into a hull, a kind of paper city that existed only to facilitate its metallic corporate heart; and Seattle's homeless corporation did rise in tandem with rising housing prices, making it home to the
third-highest number of homeless people in the country, after New York and Los Angeles.
HQ2 opposition united a great deal of unlikely allies—including an unlikely ally in the Wall Street Journal's Editorial Board, who argued that the deal was "crony capitalism at its worst." Their article continued, "Amazon's case is aboveboard, but it still amounts to a company with a market capitalization of nearly $800 billion getting paid to create jobs it would have created somewhere anyway."
Alexandria Ocasio-Cortez was the most visible face of a group of politicians who protested Amazon's HQ2 establishment, and her resistance might have been one of the central reasons for its decision to abandon ship. "It was that the environment over the course of the past three months had not got any better," said Joni Seth, Amazon's head of policy communications. "There were some local and state elected officials who refused to meet with Amazon and criticized us day in and day out about the plan."
Ocasio-Cortez had long denounced Amazon's plans to move into Queens, and she celebrated Amazon's retraction on Twitter. So did other political figures, including Cynthia Nixon. Following the company's Valentine's Day breakup announcement, the actress-turned politician triumphantly tweeted, "The fight against Amazon laid bare their union-busting, corporate welfare, ICE-abetting practices and shows why we need to break up monopolies like Amazon."
In addition to its ties to law enforcement giants, Amazon had also been accused of developing facial recognition technologies to gain information about customers without them knowing; and many protests have cropped up among its warehouse workers, especially in Europe, where employees have staged walkouts against low wages and poor working conditions.
A protestor stops an Amazon truck in Spain.Image via apnews.com
Despite Amazon's shady ethics, many people were not as enthusiastic about the company's foiled New York City dreams, arguing that the demise of HQ2 will compromise what could've been an economic boom for the city, criticizing Ocasio-Cortez's decision to favor ideology over economics. Amazon may have hiked up rents, but rents are high anyway; and its arrival would have created thousands of jobs, including consistent positions for lower-level staff members and service workers.
Plus polls showed that 56% of New Yorkers approved Amazon's arrival, which was initially billed as a triumph by Mayor Bill de Blasio and Governor Andrew Cuomo—both central players in the deal's initial success who believed that the arrival would help NYC solidify its position as a worldwide hub of tech and industry. Bill DeBlasio's tweets following Amazon's decision resembled those of a spurned ex. He also lashed out at Ocasio-Cortez, stating that "a small group of politicians put their own narrow political interests above their community—which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City—the state's economic future and the best interests of the people of this state," the governor said in a statement.
But even so, a great deal of major political figures opposed the deal, including Senator Michael Gianaris of Queens, who initially supported Amazon's arrival but, like Johnson, changed his mind after learning about its policies. Still, Amazon in Long Island City's demise all started with those first street protests, which erupted directly after De Blasio's announcement as politicians remained silent. Ultimately, community members and citizen organizers catalyzed the start of the resistance that led to the downfall of Amazon's Queens campus.
Image via Marketwatch
There's something deeply satisfying about the image of the world's richest man and his behemothic corporation getting kicked out of New York by impassioned Queens residents, ready to unite and fight for the integrity of their home borough. Still, Amazon's departure won't stop gentrification, won't fill up empty stores, and won't bring back the days when young artists could gallivant around Greenwich Village with pennies in their pockets and working-class families could call Manhattan home.
In a way, Amazon's departure is a symbolic victory for its opposition, a tantalizing promise that the people can triumph over corporations. Of course, this move will not deter Amazon from building its global empire, and America's supermassive wealth gap will remain. It just won't be as tangibly visible in New York.
Eden Arielle Gordon is a writer and musician from New York. Follow her on Twitter at @edenarielmusic.