How Amazon’s Accounting Makes Rich People’s Income Invisible – Evonomics

Increasingly, businesses don’t generate profits. They generate capital gains. It’s fiendishly clever.

Source: How Amazon’s Accounting Makes Rich People’s Income Invisible – Evonomics

Half a trillion dollars in revenues.

Essentially zero profits. Ever.

Dollars delivered onto investors’ balance sheets? Somewhere north of 300 billion.

none of that shareholder income ever appears as household income in the national accounts