- President Joe Biden tweeted that taxing rich companies could help bring down inflation.
- Amazon’s Jeff Bezos said it was “misguided to put together” inflation and raise corporate taxes.
- Inflation in the United States has reached its highest levels since the 1980s.
Amazon CEO Jeff Bezos followed President Joe Biden on Friday over the latter’s tweet to bring down inflation by taxing large corporations.
“Do you want to bring down inflation? Let’s make sure the richest companies pay their fair share,” Biden said in a tweet Friday night.
The Amazon billionaire retweeted the president and suggested that the tweet could be considered disinformation.
“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead,” Bezos said, apparently referring to Homeland Security’s recently announced Disinformation Governance Board.
“Raising corporate taxes is good to discuss. Taming inflation is crucial to discuss. Mixing them up is just misleading,” Bezos continued.
—Jeff Bezos (@JeffBezos) 14 May 2022
Inflation in the United States has reached its highest levels since the 1980s, which has affected the price of important goods such as gas, food, healthcare and housing. In April, the rate of inflation slowed for the first time in eight months.
As Insider previously reported, some of the most common causes of inflation are over-demand for goods and services, rising costs for wages and materials, currency devaluation and policies and regulations.
Amazon, the company that Bezos founded, has long been accused of not paying its share of taxes. The company paid no federal income tax in 2017 and 2018.
Bezos, one of the richest people in the world, personally paid nothing in federal income taxes in 2007 and 2011, ProPublica reported last year.
The White House did not immediately respond to Insider’s request for comment.