TSLA
Tesla
-- 421.060 PLTR
Palantir
-- 80.550 NVDA
NVIDIA
-- 134.700 OXY
Occidental Petroleum
-- 47.130 AMD
Advanced Micro Devices
-- 119.210 Vote Now | Jeff Bezos says don't blame the wealthy for high inflation and the White House is using distraction tactics. 'Look, a squirrel'
Jeff Bezos escalated a days-long war of words with the White House over whether corporations are a leading cause of high inflation.
On Monday, Bezos kept up his critique. "Look, a squirrel!" he tweeted, adding that "They [the White House] understandably want to muddy the topic. They know inflation hurts the neediest the most. But unions aren't causing inflation and neither are wealthy people." He went on to write that inflation would be even higher now if Biden had succeeded in passing his multitrillion-dollar Build Back Better agenda.
On Monday, Bezos kept up his critique. "Look, a squirrel!" he tweeted, adding that "They [the White House] understandably want to muddy the topic. They know inflation hurts the neediest the most. But unions aren't causing inflation and neither are wealthy people." He went on to write that inflation would be even higher now if Biden had succeeded in passing his multitrillion-dollar Build Back Better agenda.
The root of the issue seems to be a tweet from President Joe Biden's account. Joe Biden, who has faced criticism over the 40-year high rates which hit 8.3 percent, tweeted on Friday that taxing corporations more would help ease the economic strain impacting Americans.
'You want to bring down inflation? Let's make sure the wealthiest corporations pay their fair share,' Biden tweeted.
While Biden didn't call out $Amazon (AMZN.US)$specifically in his tweet Friday, he has repeatedly criticized the company's tax history. Amazon has benefited heavily from tax credits and deductions, and the company paid no federal income taxes in 2017 and 2018.
That day, Bezos accused Biden of "misdirection" on Twitter. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," he wrote. Bezos also urged the Disinformation Board to review the tweet.
'You want to bring down inflation? Let's make sure the wealthiest corporations pay their fair share,' Biden tweeted.
While Biden didn't call out $Amazon (AMZN.US)$specifically in his tweet Friday, he has repeatedly criticized the company's tax history. Amazon has benefited heavily from tax credits and deductions, and the company paid no federal income taxes in 2017 and 2018.
That day, Bezos accused Biden of "misdirection" on Twitter. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," he wrote. Bezos also urged the Disinformation Board to review the tweet.
Bezos took to Twitter on Sunday to again criticize the Biden administration's approach to inflation, accusing it of injecting "even more stimulus into an already over-heated economy" and asserting that inflation is most harmful to the poor.
"Only [U.S. Sen. Joe] Manchin saved them from themselves," Bezos tweeted, speaking of U.S. President Joe Biden's nearly $2 trillion COVID-19 bill, passed last year, and the role Manchin took in limiting aid. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn't help the country."
That tweet was a response to a Saturday tweet by President Biden stating that the U.S. is on track to cut the deficit by $1.5 trillion this year.
"It matters to families, because reducing the deficit is one of the main ways we can ease inflationary pressures," Biden tweeted.
Mooers, who do you think is right in this war of words?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
71752935 : Biden is delusional. he should be in a retirement home where he can be looked after.
philosophical finger : Although I don’t think seniors should be president. I also think the wealthiest people should be taxed accordingly.
Too Big To Fail : A billionaire who does not pay taxes is questioning the administration on how they take care of the poor and you are asking us to “chip” in? Is this in support of the rich or of the rich that you ask the poor this question??
Violets : have to agree with Bezos. they use the look at the squirrel all the time.
Violets 71752935 : it's almost surreal that he is the president of the United States of America even if just a stand in
Jamesim : Appropriate inflation will help enterprises to expand production and increase income. Not only that, but it can also expand employment and stimulate everyone to consume. Therefore, in fact, over the years, inflation has always been there, but young people rarely feel it, and those middle-aged or elderly people feel the deepest, but they have also seen that under such circumstances, the country's economic also developed.
70573083 : The wealthy always controlled this country for a long time. Inflation been happening for over 100 years. New young money with no old political ties needs to step in and run this country right! People are losing their morals and values! We became a cesspool of thieves, con artist and murderers
71610634 : 80% of you agree with Bezos? Wow. No wonder most people make no money in the market. You agree with the billionaire who pays a pittance of his salary in taxes. Jealous much?
PanJen : No matter how big the company is, there is no ⋯⋯that can control inflation.
What the government does is the biggest shadow, regardless of whether it is good or bad.
搞经济 抄底 加仓 : Trust US < Printing Machine is not the problem.. Lol
View more comments...