Right now, Amazon is campaigning against the efforts of its employees in a Birmingham, Alabama, warehouse to win bargaining rights, notwithstanding the fact that Amazon’s CEO Jeff Bezos, whose current estimated wealth is roughly $180 billion, could personally buy the entire state of Alabama if he so desired.
GDP for Alabama is $220 billion a year. GDP is the annual value add. To buy something you have to pay the capitalised value of the annual income.
You don’t get to buy an annual $220 for $180.
Even if GDP isn’t quite the same as either gross margin or profit in a company it’s still true that you can’t buy Alabama for a mere $180 billion. Not unless you’re talking about the legislature but then we all know politicians are cheap.
$220bn seems a lot of money for fried chicken, humidity and incest.
But would the politicians be worth buying.
@Bogan…
Yes, but only if they were “honest” – ie “stayed bought”. 🙂