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Amazon’s Jeff Bezos Further Criticises Biden Administration Over Inflation

On Sunday, Amazon founder Jeff Bezos turned to Twitter to criticise the Biden Administration over inflation, writing that it is the least affluent Americans who are suffering the most. Presently, inflation in the United States is at a near 40-year high.

Posted: 16th May 2022 by
Finance Monthly
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“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,” Bezos Tweeted. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”

Bezos’ comments come in response to a thread in which President Biden claimed the US was on track for its largest yearly deficit decline ever, totalling $1.5 trillion. 

Bezos called the President out over a tweet that said taxing wealthy companies has the potential to bring down inflation and urged the Disinformation Board to review the President’s tweet. 

“Raising corp taxes is fine to discuss,” Bezos said on Friday. Taming inflation is critical to discuss. Mushing them together is just misdirection.”

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