Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Why doesn’t Jeff Bezos pay more tax instead of launching a $10bn green fund?

Why doesn’t Jeff Bezos pay more tax instead of launching a $10bn green fund?

If the Amazon owner wants to give something back, he could look at staff welfare – and paying dues where he makes money (Editor comment: bullshit. If he pay taxes that money will go to finance politicians, bureaucrats and bribe. How much money from all the taxes really goes to the people?). I trust Jeff (and Bill Gates) to allocate the money to make the world a better place. Not politicians. They are in their position to get rich, not to serve the public).
Alexa, how can we save the planet? Artificial intelligence is not yet so far advanced that a robot on its own is going to halt and reverse the climate crisis. More capital, of both the human and the financial kind, needs to be invested in finding answers. That is largely the point of Amazon founder Jeff Bezos’s announcement that he will be donating $10bn (£7.7bn) to launch the Bezos Earth Fund. “This global initiative will fund scientists, activists, NGOs – any effort that offers a real possibility to help preserve and protect the natural world,” Bezos declared in an Instagram post. “We can save Earth.”

When you’re the richest man in the world – which, with a net worth estimated at about $115bn (£88.3bn), Bezos assuredly is – such philanthropic donations are entirely affordable. Indeed, you might say they are compulsory. “The man who dies rich dies disgraced,” said Andrew Carnegie, the steel magnate. Foundations in the name of the Ford, Rockefeller, Tata and more recently the Rausing (Tetrapak) families all point to that same instinct: the obligation to give. Bill Gates and Warren Buffett, both multibillionaires, are also among today’s biggest donors.

So there should be at least one, perhaps even two cheers for Bezos (unless such exertions produce an unwanted surge in CO2 emissions). Sceptics will want to pause for a moment, however.

Amazon is a great devouring beast of a business which has had a massive and not exactly positive impact on the world’s environment. Its treatment of staff is highly questionable. A freedom of information inquiry by the GMB union has found that more than 600 Amazon workers in the UK have been seriously injured (or narrowly escaped an accident) in the past three years – a finding that prompted Jack Dromey MP to say: “In my 30 years in the world of work I cannot remember any company clocking up so many injuries to its workers.”

Anyone who has seen the utterly bizarre Amazon advertisement with apparently contented staff, like extras from The Truman Show, declaring how happy they are with life at the company will only have had their suspicions about conditions there confirmed. The company may refer to its warehouses as “fulfilment centres”, but by and large it’s not the workers who are experiencing fulfilment.

And then there is the use of energy. Amazon is not just a giant retailer, it is also a vast data management and processing business. Its Amazon Web Services (AWS) is a huge concern all of its own (annual revenue of about $30bn). And it uses a lot of energy. In 2014 AWS committed to using only renewable energy to power its data centres, but it seems to have fallen far short. In 2018 the company as a whole announced it had reached 50% renewable energy usage, but in the same year Greenpeace claimed that, in the state of Virginia, AWS was using renewable energy for only 12% of its total needs.

If Amazon is so keen to hear from people about saving the planet, why did it recently threaten to fire employees who had spoken out about the company’s stance on energy matters? Amazon Employees for Climate Justice is continuing its protests, which in the past have included attempts to a push for a shareholder resolution to set a climate change plan. As one employee said: “The climate crisis is the greatest challenge we face, and the only way we can find solutions is by protecting people’s right to speak freely and disrupting the status quo.”

Where there’s muck there’s brass. And where there is an oligopolistic global giant changing the way we shop there are ethical concerns. This is the paradox at the heart of philanthropy. It is a fine thing to give. But how did you make your money? The dreadful concept of “giving something back” exposes the truth: if you feel the need to give something back perhaps it means you took too much in the first place.

It is better to have $10bn invested in the attempt to save the planet than not. Bezos will have done a lot of good if scientific research bears (sustainable, non-carbon and water-intensive) fruit. And who knows, maybe this investment is partly inspired by a wish to get back at one of the world’s biggest sources of fossil fuels, Saudi Arabia, with which he seems to have experienced a little difficulty lately.

But Bezos could also see to it that Amazon pays and treats its staff better, and expends less energy being “tax efficient”, paying its dues to state coffers around the world, in all those countries where the company is making so much money.

• Stefan Stern is co-author of Myths of Management and the former director of the High Pay Centre
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×