Jayapal Whines After Pentagon Cancels Contract, Bezos’s Wealth Hits Record $211 Billion

Source: Common Dreams

“After the Pentagon’s decision to cancel a contract led Amazon founder Jeff Bezos'[s] fortune to soar by $8.44 billion, hitting a record $211 billion, Rep. Pramila Jayapal Wednesday afternoon doubled down on her demand to raise taxes on the wealthiest Americans. ‘The world’s richest man reached a record $211 billion net worth Tuesday after Amazon.com Inc. shares rose 4.7% after the Pentagon announced it was canceling a cloud-computing contract with rival Microsoft Corp.,’ according to Bloomberg. Jayapal (D-Wash.) — who leads the Ultra-Millionaire Tax Act of 2021 with Sen. Elizabeth Warren (D-Mass.) — took to Twitter to highlight Bezos'[s] recent gains with a call to tax the rich, declaring that ‘it’s time for them to pay their fair share.'” (07/07/21)

https://www.commondreams.org/news/2021/07/07/tax-rich-after-pentagon-cancels-contract-bezos-wealth-hits-record-211-billion