President Joe Biden tweeted that taxing wealthy corporations could help reduce inflation.
Amazon’s Jeff Bezos said “combining together” inflation and raising corporate taxes was “misdirection.”
Inflation in the US has reached its highest levels since the 1980s.
Amazon Chief Executive Jeff Bezos attacked President Joe Biden on Friday over the latter’s tweet about reducing inflation by taxing large corporations.
“Do you want to reduce inflation? Let’s make sure the richest corporations pay their fair share,” Biden said in a cheep Friday afternoon.
The Amazon Billionaire retweeted the president and suggested that the tweet could be considered disinformation.
“The newly created Board of Disinformation 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.
“It’s okay to discuss raising taxes on corporations. It’s critical to discuss controlling inflation. Combining them is just misdirection,” Bezos continued.
Inflation in the US has reached its highest levels since the 1980s, affecting the price of essential goods such as gasoline, food, health care and housing. In April, the inflation rate slowed for the first time in eight months.
As Insider previously reported, some of the most common causes of inflation are excess demand for goods and services, rising wage and material costs, currency devaluation, and policies and regulations.
Amazon, the company Bezos founded, has long been accused of not paying its fair share of taxes. The company did not pay federal income taxes in 2017 and 2018.
Bezos, one of the world’s richest people, 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.
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