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After Pressuring Seattle to Forgo Corporate Tax to Fund Affordable Housing, Bezos Commits Fraction of $163B Fortune to Help Homeless


#1

After Pressuring Seattle to Forgo Corporate Tax to Fund Affordable Housing, Bezos Commits Fraction of $163B Fortune to Help Homeless

Julia Conley, staff writer

More than a year after he requested proposals from the general public for philanthropic initiatives that he could put a portion of his $163 billion fortune toward, Amazon CEO Jeff Bezos—the world's wealthiest person—unveiled the idea he'd come up with: a $2 billion fund to help the homeless and establish a network of schools for low-income communities.


#2

Bezos puts up $2B, which even at a relatively low rate of return will generate more than Seattle’s proposed homeless tax would, and he gets attacked for it. Just can’t please some people…


#3

How much has Trump contributed to the less fortunate?

Zero.


#4

The shame is not on Bezos, he’s damaged goods. The shame is on Seattle, who should be representing the people of the city.


#5

Yes, let’s not worry about policy change for the better, but instead depend upon billionaire benevolence.


#6

The devil is in the details. $2B in Seattle would make a massive difference. Is this all over the US? A series of pre-schools? That amount might not go very far. “Helping homeless families”? Nothing was said about housing these people. In all likelihood this is just PR.


#7

Seattle politicians caved to Bezos and his ilk. They even hired fake protesters to support big business. The inequality represented by the wealth that Bezos has is why we have homelessness.