Amazon

Jeff Bezos started Amazon 27 years ago and his business philosophy was simple. He would reinvest all profits to grow the business and grow it did. The money he might have used to spend to enjoy the good life went instead back into the business. Not only did the business grow but he paid very little in taxes. There were paper losses that he pushed forward to offset taxes. The company went 13 years without a net profit and finally in 2004 they showed a net profit of $73 million dollars. This reinvestment help other businesses to grow. This year is no different as Amazon plans to spend over $120 Billion on supplies and services purchased from other United States businesses There are over 200,000 different businesses that these supplies will come from in a variety of industries. Some say that Amazon should give money to charity but others say it is better if they expand and create new jobs. Amazon started with 21 employees in 1994 and today has 1.2 million employees. This is free market capitalism at work. The best welfare program is a good job. Amazon will hire 125,000 people this year and they have received over one million applications. In the past two years Bezos has sold $16 billion in stock to finance this space program, Blue Horizons. This creates thousands of high paid high tech jobs. Yet knowing his past history politicians plan ways to take his money so they can spend it in ways they think are better and this means ways to get themselves reelected.