Jeff Bezos is donating money to fix a problem his company perpetuates

Sources News reports and announcements

Amazon's CEO Jeff Bezos is launching a $2 billion fund to help homeless families and build preschools in low-income communities.

Fox News political contributor Tammy Bruce, Christine Pelosi, daughter of Rep. Nancy Pelosi (D-Calif.), American Greatness editor Chris Buskirk on how Amazon CEO Jeff Bezos launched a $2 billion "Day One Fund" to support underserved communities. Amazon's Jeff Bezos attended a board meeting in pajamas to raise awareness about childhood cancer, which is the second leading cause of death in the U.S. between kids aged 4 and 14. Most important among those will be genuine, intense customer obsession. Since March 2016, Amazon customers have also been able to order items from the Mary's Place's wishlist on the site, such as diapers and socks.

Outside that, Bezos and his family's known donations have included gifts to Princeton University and Seattle's Fred Hutchinson Cancer Research Centre, according to the Chronicle of Philanthropy. When discussing his charity work with the homeless and schools for children, Bezos said, "All of his best decisions have been made with heart and by trusting gut and instinct as opposed to just analysis". The Amazon CEO began crowdfunding ideas on how to spend his considerable wealth back in June, and the lack of specific details, from him or his team, suggests the Day 1 Fund announcement is less a honest move into philanthropy than another salvo in Amazon's ongoing charm offensive - which famously involved astroturfed PR bought with gift cards. "Jeff Bezos is our enemy, he is our enemy", Sawant said before the council voted.

Where a "network" of Bezos preschools is concerned, we should be especially sceptical.

Many Twitter users agreed with that reasoning. "If billionaires like Bezos were properly taxed then we wouldn't need billionaires like Bezos to sweep in and "rescue" people failed by our underfunded systems," one wrote.

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While the online retail giant's presence made Seattle the fastest-growing big city in the USA, it also has taken a toll on its residents, driving up rent prices, clogging traffic and overwhelming public transportation.

Gates has also, with billionaire investor Warren Buffett, encouraged wealthy individuals to pledge half their fortunes to worthy causes.

Michael Bloomberg, the owner of Bloomberg LP, parent of Bloomberg News, also is a signatory.

Last week, Jack Ma, founder of Alibaba and China's richest man, announced plans to step down and focus more on a new foundation that he said was inspired in part by Gates' example.

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