The Founder of Amazon, Jeff Bezos, called out Democrat President Joe Biden on Friday for attempting to try and connect the legendary rate of inflation we are experiencing to corporations paying taxes.
This piece of news come to light as recent Bureau of Labor Statistics data was released this past week that seemed to indicate that the Consumer Price Index rose by 8.3% in Aprile when compared to the same time last year, which is the over the expected levels which were estimated to be 8.1%.
“You want to bring down inflation?” stated Biden in a tweet. “Let’s make sure the wealthiest corporations pay their fair share.”
Bezos tossed back an answer to this statement a few hours later, tweeting: “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,” Bezos went on. “Mushing them together is just misdirection.”
The comment from Bezos about “the newly created Disinformation Board” seems to be a snide reference to the Biden administration’s Disinformation Governance Board that is being run by the Department of Homeland Security.
While Old Uncle Joe did not directly name or target Amazon via his tweet, he has, in the past, directly called out the company by saying they “should start paying their taxes.”
“I don’t think any company, I don’t give a damn how big they are, the Lord almighty, should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,” Biden claimed just over two years ago as he still made his way down the campaign trail to the oval office.
It was also noted by the Wall Street Journal that the most recent surge of high inflation rates has stemmed from multiple sources that are most commonly linked to the lockdowns induced by the coronavirus pandemic.
“Consumers have been flush with savings from government stimulus programs and depressed services spending as a result of restrictions on businesses, leading them to open the spigot for goods that are in scarce supply,” stated the report.
Said report also highlighted that the disruptions in the supply chain, which have been an overt issue throughout the entire pandemic, have only gotten worse as of late due in part to the war taking place in Eastern Europe, and of course China going back into their own lockdowns due to another resurgence in virus cases.
“Energy prices, including gasoline, have gone up. Truck drivers, seaport slots and warehouse spaces are all in short supply, leading to costly delays and rising shipping rates for goods,” stated the report. “Fewer workers are in the labor market, encouraging those who are working to demand raises. And low interest rates from the Federal Reserve have made borrowing cheaper, making big purchases more attractive.”