Read Jeff Bezos' full statement about his $2 billion Day One fund

Bezos Amazon board visiting Washington but no headquarters announcement planned

The remarks came during an hour-long, freewheeling conversation with hedge fund billionaire and philanthropist David Rubinstein at an annual gathering of the Economic Club of Washington, which Rubinstein chairs.

Some analysts have suggested Amazon could face antitrust scrutiny over its growing power in the economy, and President Donald Trump has accused the company of taking advantage of the Postal Service, despite studies suggesting the internet giant's deal has been beneficial to the United States government postal operator. "I am glad I am being scrutinized, ' and that would be so secure and confident", Bezos said.

Bezos added: "But it is really unsafe to demonize the media. It's unsafe to say they're the 'enemy of the people'".

Sen. Bernie Sanders (I-Vt.) last week introduced the Stop Bad Employers by Zeroing Out Subsidies (BEZOS) Act, which would require Amazon to pay a 100 percent tax on the federal benefits collected by their lower-income employees. "It's okay. It's part of the process", Bezos said.

Amazon founder Jeff Bezos is to launch a $2bn (£1.53bn) fund to help homeless families and launch pre-schools in poor communities.

"I've never sought that title", Bezos said.

President Trump claims 3,000 ‘did not die’ in Puerto Rico, blames Democrats
He called on the governor of Puerto Rico Ricardo Rossello to launch an official independent investigation into the incident. Trump claimed the U.S.is prepared for Hurricane Florence , which he described as "tremendously big and tremendously wet".

"Luckily I'm sitting right across from him at the table so hopefully I'll get a chance to talk", said Hogan.

The second will launch a network of "high-quality, full-scholarship" preschools in low-income communities, which a Day One Fund organization will directly operate.

"We live in an age in which the winners have done incredibly well and perhaps the majority of working Americans haven't", said Anand Giridharadas, author of "Winners Take All: The Elite Charade of Changing the World". The child will be the customer. "But it turns out in life that your most important decisions are always made with instinct, intuition, taste, heart". "But we're going to make a final pitch". "Bezos' response reflects the reality that people feel, which is that there are a lot of real problems not being addressed".

The world's richest man made the announcement on Twitter a year after he asked for ideas on how he could use his personal fortune - estimated to be about $163bn (£124.34bn) - for charitable efforts.

The private non-profit foundation in its 2016 tax filing reported almost $46 million USA in assets, and giving away $30 million U.S. in grants support its missions in early education, K-12 schools reform and youth leadership development and scholarships.

This article was written by Christian Davenport and Abha Bhattarai, reporters for The Washington Post.

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