Local shops sell products multiple times more expensive than Amazon does, so low quality that you have to replace them frequently, limited selection, bad customer service, bad return terms, expensive delivery …
Amazon has been a blessing to customers, and innovated a lot in this space.
I am not sure if I recall this explanation for existence of ultra rich people from PG. Today, a small group of software engineers can build valuable products that scale to millions or billions customers. The return to education and skills is all time high. They become rich, but also make most others better off too. I don’t think we should politicize it, become Luddites, throw eggs, or prefer a lose-lose outcome.
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I see strange comments in this post that don’t make sense. As for the quality of Amazon services, someone comments it’s poor. Fine, it’s an option, you may ignore it. The worth of companies is set by markets, others that apparently find it useful, hence the usage and valuation.
As for taxes, every person or small business I know hires accountants to minimize taxes legally. Tax evasion is illegal, and will be severely punished. There are nation states checking every aspect these big businesses to ensure they operate legally. Modify your tax code if you want (and be prepared for changes in businesses).
I think it’s well known that FAANG’s salaries are amongst highest in the market. These companies are careful, as poor treatment of people will be immediately all over media.
Finally, there is a comment: let’s tax the hell out of successful businesses anyways! Bizarre. Pure jealousy. It will not stop at ultra rich, will eventually engulf everyone and hamper innovation.