September 30, 2015

Washington Post Owner Lectures About Income Inequality, While Earning $16 billion in One Year



Billionaire Jeff Bezos


[From article]
The Washington, D.C., paper of record has spent the past year filling bird cages and landfills with stories about income inequality – 156 in print alone and another 404 in blogs or 560 total. Subtract one of those (listed twice in LexisNexis) that included the name of billionaire Post owner Jeffrey Bezos. And that was a column by conservative George Will declaring: “Income inequality is good.”
The remaining 155 print and 403 blog mentions didn’t have any discussion of the newspaper’s fat cat owner. Yet, Bezos is now the fourth-richest American with a fortune of $47 billion, according to Forbes. He purchased the Post for $250 million, wrote the Post.
According to the Sept. 29, Daily Mail “But it was Amazon CEO Jeff Bezos who has emerged as the biggest overall gainer, adding a whopping $16.5 billion to his war chest in a single year after his company posted a quarterly profit in July.”
Whopping indeed. Bezos made 899,521 times the median household income in the United States -- $52,250. Were Bezos a nation, the $16.5 billion would give him a GDP rank of 150, just below Kosovo and above 81 nations including Guinea and Iceland.

http://newsbusters.org/blogs/business/dan-gainor/2015/09/30/post-owner-makes-165b-while-paper-whines-558-times-about-income

Washington Post Owner Makes $16.5B While Paper Whines 558 Times About ‘Income Inequality’ By Dan Gainor
September 30, 2015
12:13 AM EDT

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