‘You guys paid for all this’: Backlash over Bezos' spaceflight comments


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Jeff Bezos sparked outrage moments after his return from space on Tuesday when he thanked Amazon’s customers and staff for helping him pay to get there.

Mr Bezos, 57, who has an estimated fortune of more than $200 billion, said: “I want to thank every Amazon employee and every Amazon customer because you guys paid for all this.”

The comments about Amazon – a company repeatedly criticised for exploiting its workers and avoiding taxes – prompted an immediate backlash on social media, with many users complaining Mr Bezos must be tone deaf.

Elizabeth Warren, a US senator, said Mr Bezos “forgot to thank all the hard-working Americans who actually paid taxes to keep this country running while he and Amazon paid nothing”.

The non-profit investigative journalism organisation ProPublica says Mr Bezos paid no income tax in 2007 and 2011.

Robert Reich, former secretary of labour under US president Bill Clinton and a professor of public policy at the University of California, Berkeley, wrote on Twitter that Mr Bezos has crushed unionising attempts at Amazon for decades.

“Amazon workers don’t need Bezos to thank them. They need him to stop union busting – and pay them what they deserve,” Mr Reich wrote.

  • Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
    Billionaire businessman Jeff Bezos embraces veteran aviator Wally Funk after Blue Origin’s reusable New Shepard craft capsule returned from space on Tuesday, July 20, 2021.
  • Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
    Jeff Bezos, Funk and and gap-year student Oliver Daemen, 18, disembark after Blue Origin’s reusable New Shepard capsule returned from space.
  • Jeff Bezos disembarks after the flight.
    Jeff Bezos disembarks after the flight.
  • New Shepard touches down on Earth.
    New Shepard touches down on Earth.
  • New Shepard approaches the ground.
    New Shepard approaches the ground.
  • The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
    The capsule carrying Jeff Bezos and three crew members returns to Texas by parachute.
  • The booster rocket returns to the launch pad.
    The booster rocket returns to the launch pad.
  • The rocket lifts off.
    The rocket lifts off.
  • The launch viewed from far.
    The launch viewed from far.
  • The rocket is launched on the world’s first unpiloted suborbital flight.
    The rocket is launched on the world’s first unpiloted suborbital flight.
  • It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
    It took off from Blue Origin’s launch site, near Van Horn in western Texas, US.
  • Blue Origin’s New Shepard rocket is launched from its spaceport.
    Blue Origin’s New Shepard rocket is launched from its spaceport.
  • The rocket lift-off.
    The rocket lift-off.
  • The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
    The launch pad. Blue Origin’s first crewed mission was an 11-minute flight from Texas and back. Reaching an altitude of 106 kilometres, it coincided with the 52nd anniversary of the first Moon landing.
  • People watch on a television screen as the rocket sits on the launch pad.
    People watch on a television screen as the rocket sits on the launch pad.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • The crew members prepare for the flight.
    The crew members prepare for the flight.
  • Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
    Jeff Bezos, the founder of Amazon.com, rings a bell before boarding the flight.
  • This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
    This still image taken from video by Blue Origin shows Funk, Daemen and the Bezos brothers before they leave for the flight.
  • A monitor in a zone reserved for the media shows Wally Funk being interviewed.
    A monitor in a zone reserved for the media shows Wally Funk being interviewed.
  • This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
    This still image taken from video by Blue Origin shows Funk, Jeff and Mark Bezos, and Daemen as they ascend the crew tower for the flight.
  • This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
    This still image taken from video by Blue Origin shows, from left, Mark Bezos, Jeff Bezos, Wally Funk and Oliver Daemen as they travel to the launch pad.
  • Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.
    Jeff Bezos, his brother Mark Bezos, a private equity executive, Wally Funk and Oliver Daemen pose in an undated photograph.

Mr Bezos stepped down as chief executive of the successful e-commerce company in July, allowing him more time for side projects including his space exploration company Blue Origin. He previously said he financed the rocket company by selling $1bn in Amazon stock each year.

After the spaceflight, Mr Bezos awarded $100 million donations through a new philanthropic initiative to US chef Jose Andres and CNN contributor Van Jones to put towards any charity or non-profit group of their choice. Mr Jones has founded several non-profit organisations, while Mr Andres’s World Central Kitchen provides meals to people displaced by natural disasters.

Nevertheless, Earl Blumenauer, a US politician who is on the tax-writing Ways and Means Committee, on Tuesday proposed legislation that would tax space travel for non-scientific research purposes.

“Space exploration isn’t a tax-free holiday for the wealthy,” said Mr Blumenauer, a Democrat in the state of Oregon. “Just as normal Americans pay taxes when they buy airline tickets, billionaires who fly into space to produce nothing of scientific value should do the same, and then some.”

After the successful flight, in which Mr Bezos and three other passengers blasted into space on board a Blue Origin rocket, the billionaire revealed his space tourism company had already taken $100m in bookings for coming launches.

Blue Origin plans to carry out two flights for paying customers this year, with the number of journeys expected to increase thereafter.

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

RACE CARD

6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m

7.05pm: Handicap (TB) $65,000 (Turf) 1,800m

7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m

8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m

8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m

9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Squad: Majed Naser, Abdulaziz Sanqour, Walid Abbas, Khamis Esmail, Habib Fardan, Mohammed Marzouq (Shabab Al Ahli Dubai), Khalid Essa, Muhanad Salem, Mohammed Ahmed, Ismail Ahmed, Ahmed Barman,  Amer Abdulrahman, Omar Abdulrahman (Al Ain), Ali Khaseif, Fares Juma, Mohammed Fawzi, Khalfan Mubarak, Mohammed Jamal, Ahmed Al Attas (Al Jazira), Ahmed Rashid, Mohammed Al Akbari (Al Wahda), Tariq Ahmed, Mahmoud Khamis, Khalifa Mubarak, Jassim Yaqoub (Al Nasr), Ali Salmeen (Al Wasl), Yousef Saeed (Sharjah), Suhail Al Nubi (Baniyas)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

UAE currency: the story behind the money in your pockets
Dubai Women's Tour teams

Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport 
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club 
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team

ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

Remaining Fixtures

Wednesday: West Indies v Scotland
Thursday: UAE v Zimbabwe
Friday: Afghanistan v Ireland
Sunday: Final

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Stamp duty timeline

December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

UAE currency: the story behind the money in your pockets
Updated: July 21, 2021, 5:16 PM