
That may be true for some business owners, but a billionaire has an absurd, unimaginable amount of wealth. If you worked since Jesus was born for 40k a year (around average American salary) you’d barely make what Bezos makes in a day. That isn’t even including living expenses. That is how absurd the wealth gap in America is no amount of risk or hard work excuses that. Every dollar hoarded by a billionaire is less for your average American and neighbor
“Not everyone believes that they are entitled to other people’s money” Well clearly some do, because these properties aren’t primary residences. They take up space and resources but aren’t occupied (not even rented out a significant amount). Yet most of their owners don’t pay NY income tax. They’re lowkey freeloaders
As someone who works for a company that lowkey competes with GoDaddy, I’m here for the GoDaddy slander lmao. I have a feeling most of the reason they paid no tax is because tech companies are R&D-heavy, so they use the R&D tax credit a considerable amount. Not sure if this is where you got the info from but there’s a summary of some of the most common tax credits/deductions these companies used, and they (if they’re publicly traded) have to disclose some of these in their annual reports
I think I get the reasoning behind some of these tax credits (especially R&D), but I’m curious whether they actually produce the hiring and investment they claim to do (for software engineers, the TCJA changed how the R&D tax credit worked and is sometimes partly blamed for the job situation seen in that sector in 2019-2024) across other sectors. Then there are some like the executive stock options credit that I have a feeling do not actually produce the behavior their proponents claim