Amazon CEO Jeff Bezas speaks at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, UK, November 2, 2021.
Paul Ellis Reuters
Amazon founder Jeff Bezos targeted President Joe Biden on Friday through a tweet that said inflation could be reduced by taxing wealthy corporations.
Earlier in the day, Biden tweeted, “Do you want to lower inflation? Let’s make sure the richest corporations pay their fair share.”
Bezos, whose company received tax breaks and deductions, quoted a tweet in response: “The long-established Disinformation Council should consider this tweet, or maybe they should form a new Non Sequitur Council instead,” the former CEO said. referring to the Disinformation Management Council of the Ministry of Homeland Security. “Raising taxes on businesses is good to discuss. Taming inflation is very important to discuss. Mixing them together is just the wrong direction.”
Although he did not name Amazon specifically on this tweet, Biden had previously criticized the company’s tax history. Amazon did not pay federal income tax in 2017 and 2018.
A conversation on Twitter occurs when inflation reaches a level not seen in decades, affecting the cost of basic necessities such as gas, food and housing. Representatives of the Federal Reserve responded to the problem with two interest rate hikes this year. They promised more until inflation reaches the central bank’s 2% target.
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