Jeff Bezos launched a political scathing attack on Twitter against US President Joe Biden and denounced one of Biden’s tweets about corporate taxes as “disinformation” and “misdirected”.
However, the White House quickly counterattacked on Monday that Bezos “opposes an economic agenda for the middle class.” and then Jeff Bezos Twitter responded back, arguing that the Biden administration would have made inflation worse if its $3.5 trillion economic and social spending bill, known as the “Build Back Better”, made it into law. Was.
“They failed, but if they had succeeded, inflation would have been even higher than it is today, and inflation is at a 40-year high today,” Bezos tweeted.
This was a rare instance when Bezos publicly expressed his views and who generally tries to avoid any political tussle in the public sphere. The public controversy began on Friday, when Biden’s account tweeted: “You want to lower inflation? Let’s make sure the wealthiest corporations pay their fair share.”
Bezos is the second richest person in the world with a net worth of $150 billion, behind Elon Musk, whose wealth has reached $268 billion.
US President Joe Biden has often accused Amazon, the e-commerce giant Bezos founded and led for nearly a quarter century, of failing to pay its fair share in taxes.
Bezos tweeted in response, “It’s okay to discuss raising corp taxes. It’s important to discuss tackling inflation. Mixing them together is just the wrong direction.”
“I think Jeff Bezos is mostly wrong in his recent attack” on the Biden administration, tweeted Larry Summers, a Harvard economist who served as Treasury secretary during the Clinton administration.
“It is entirely reasonable to believe, as I do,” Summers said, “that we should raise taxes to reduce demand in order to control inflation, and that growth should be as progressive as possible.”