One of the world’s wealthiest individuals is blasting President Joe Biden’s claim that the key to lowering inflation is to raise corporate taxes, as Amazon Founder Jeff Bezos took to Twitter over the weekend.
On Friday, after Pres. Biden tweeted, “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share” – to which, Bezos called for Biden’s new Disinformation Governance Board to examine Biden’s tweet as disinformation:
“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.“
Biden’s efforts to “inject even more stimulus into an already over-heated, inflationary economy” will actually fuel inflation and end up harming the country’s poorest Americans, Bezos followed up on Sunday, in a tweet criticizing Biden's "misdirection":
“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”