by Brandon Butler
One Eighth of One Percent 2/13/2020

I saw the news earlier on Jeff Bezos buying the Warner Estate for $165 million, but it was another “rich man buys expensive thing” kind of news, and I skimmed over it. But The Verge’s headline of the same story caught my eye:

Jeff Bezos bought the most expensive property in LA with an eighth of a percent of his net worth

Think about that for a minute. Not 8% of his wealth but only one eighth of one percent. Jeff Bezos, when he’s ready to buy something, he doesn’t have to check his bank statement, even the most expensive properties in California he can just buy without giving it a second thought. I know every few months there’s another blog post about how disgustingly wealthy Jeff Bezos is, but when put into this kind of context, his $132 billion net worth really makes me doubt capitalism as a healthy economic base.