Jeff Bezos is calling on Comrade Nina to investigate Joe Biden Jeff Bezos is apparently getting more directly involved in politics. Bezos is the owner of the extremist political group The Washington Post, so hes definitely not outside of politics, he has just previously rarely made his own comments from his personal Twitter account. I was shocked when he came out and accused Elon Musk of being a communist Chinese agent in a tweet. But apparently this is something hes doing now.
He has come out and mocked Joe Bidens Disinformation Board, claiming that it should investigate Bidens nonsensical claims about inflation.
Bezos is correct that corporate taxation is in no way related to inflation. They are two separate issues completely, the only connection being economy stuff.
If we were to try to seriously analyze this Joe Biden statement, the basic claim is apparently that if corporations paid more taxes, the government would not have to print so much money. This is just so dumb that its difficult to even process.
The first obvious moronism is just the differential in the numbers here. Amazon as the example is among the biggest companies in the world, and in 2021 it had a net gross of $33 billion, up from $21 billion in 2020. So if you put a 100% tax on Amazons income and bankrupt the company, you would barely be able to cover a month of the war on Russia. Further, fighting the coronavirus pandemic cost 5 trillion dollars that is, 5000 billion dollars. You dont really need a calculator here to see that raising the corporate tax rate from 21% to 40% (or whatever number they want, some of them say 70%) would not make any impact on the governments spending ledger.
Secondly, these public multinational corporations have become the backbone of the economy and putting a crippling tax burden on them would smother the economy. Amazons actual value is in its stock price. The company has a market cap of over a trillion dollars, and high stock prices combat inflation. Amazon having that kind of stock price also allows the company to engage in market activity that grows the GDP.
I am against the entire structure of the economy, and the way it is built around these mega-corporations. I think the economy should be built around the middle class. But that isnt the situation we are in, and youre not going to change this situation without first bolstering the middle class. Regardless of any of this, there just isnt any relationship between corporate taxation and inflation. This is just simply a made up thing it is literal disinformation fed to stupid people who dont know anything about anything and just believe whatever the government tells them.
We have decades of policy designed to loot the middle class and bolster multinational corporations. The government has actively sought to destroy both small businesses and the wages of workers. The Democrats were as heavily involved in this looting as the Republicans. Remember that both George HW Bush and Bill Clinton agreed on NAFTA, and it was only Ross Perot talking about a giant sucking sound.
Trade is one issue, corporate tax v. small business tax is another issue, the monetization of the stock market is another issue, government export of debt and low interest rates bolstered by QE is yet another issue. Obviously, all these issues are linked in that they are the economy, but the government has universally made the worst and most destructive decisions on every single issue you can list, while Americans have paid no attention because they didnt understand any of it, they were busy with their divorces and entertainment media, and the fallout from these government acts has a decades-long lag.
Blaming Amazon for the current situation is just unhinged. Amazon has not done anything other than take advantage of the climate the government has created.
The pivot from Russia destroyed the economy to actually, its greedy corporations is almost funnier than the pivot from there is no inflation to inflation is good to this is an unmitigated disaster and its not our fault.
As far as Bezos its interesting to imagine that he could actually pivot from support of the Democrat Party to support of the burgeoning Silicon Valley revolt. Bezos is clearly just a totally scummy person, but I mean hes not Jewish. That means that hes only committed to doing what is in his own financial interests. Hes not committed to any ideology, other than presumably transhumanism (which Musk is ostensibly also offering a clear path towards, while the Democrats seem to have lost the plot).
Who knows? No one knows. But Bezos lashing out against Biden is kind of a big deal.