Amazon’s Bezos criticizes Biden Admin, says inflation hurts poor

Amazon founder Jeff Bezos arrives at the UK’s diplomatic residence in New York City on September 20, 2021 for his meeting with British Prime Minister Boris Johnson.

Michael M. Santiago | Getty Images News | Getty Images

Amazon founder Jeff Bezos Tweeted on Sunday That inflation is the most detrimental to the least wealthy people in the United States, and for the second time in a week President Joe Biden has been criticized for his comments on inflation.

Bezos wrote on Twitter, “Indeed, the administration has already tried hard to inject more stimulus into the overheated, inflationary economy, and only Manchin has saved them.” “Inflation is a regressive tax that hurts the richest people. Misdirection does not help the country.”

Bezos’ comments came in response to a thread in which President Joe Biden claimed that the United States was about to reduce its biggest annual deficit of all time, a total of $ 1.5 trillion. Biden also targeted former President Donald Trump, who saw the deficit in office “increase every year,” he wrote.

On Friday, Bezos called on President Biden in a tweet to say that imposing taxes on wealthy corporations could help reduce inflation. Bezos called on the Disinformation Board to review the tweet.

“It’s better to discuss raising the corporate tax,” Bezos wrote on Friday. “It’s important to control the inflation that is being discussed. Combining them is just the wrong direction.”

In both cases, the president did not explicitly name Amazon, although he has previously commented on the e-commerce giant’s tax records.

With inflation nearing a 40-year high in the United States, both President Biden and Bezos have made comments, and Federal Reserve officials are looking to raise interest rates to deal with the problem.

Related Posts

Leave a Reply

Your email address will not be published.