Bezos Evades Taxes, Prepares To Blast Off Into Space While Putting Essential Workers In Peril

0
Bezos Evades Taxes, Prepares To Blast Off Into Space While Putting Essential Workers In Peril
voltamax / Pixabay

(Washington, DC) Today, the Always Essential campaign released the following statement after Amazon made a motion to dismiss a class action lawsuit in California, defending their position to not pay workers undergoing mandatory COVID-19 screening.

Play Quizzes 4

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q1 2021 hedge fund letters, conferences and more

A Slap In The Face To Essential Workers

“In the latest example of Amazon placing profits above the well-being of workers during the pandemic  – a period that's seen its profits surge more than 200% – the company refuses to pay workers to undergo mandatory COVID-19 screenings. Amazon's actions are a slap in the face to essential workers who’ve put their lives on the line to fulfill a record number of orders during the pandemic.”

Voss Value Sees Plenty Of Opportunities In Cheap Small Caps [Exclusive]

investFor the first quarter of 2022, the Voss Value Fund returned -5.5% net of fees and expenses compared to a -7.5% total return for the Russell 2000 and a -4.6% total return for the S&P 500. According to a copy of the firm’s first-quarter letter to investors, a copy of which ValueWalk has been able Read More

“What’s additionally outrageous is that these essential workers  – that the company refuses to pay for mandatory COVID-19 tests  – pay significantly more in taxes as a percentage of their income than Amazon founder Jeff Bezos, the richest man on the planet, who can afford to blast off into space on his own rocket.”


About Always Essential:

Always Essential is a campaign of working people, activists, and organizations joining together to transform what’s possible for essential workers — especially those in low-wage sectors who  are disproportionately Black and other workers of color. We are working in cities, counties, states, and at the federal level to put essential workers first and build the lasting change we want to see.

Updated on

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article The Countries Most Prepared For Crypto Takeover
Next article Secured Debt Capacity and Related Issues Under The GEO Group’s Debt Documents

No posts to display