Amazon.com Inc. founder Jeff Bezos on Friday accused President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.”
The exchange began on Friday evening with Biden’s tweet: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”
Amazon, which paid US$3.7 billion in US taxes in 2021 on global revenue of $469 billion, is often criticised for not contributing enough in federal levies, given its size. Still Bezos, the world’s second-wealthiest man who is often held up as a poster boy for income inequality, wasn’t ready to sit by and start taking heat for inflation as well.
Bezos, personally paid nothing in federal income taxes in 2007 and 2011, ProPublica reported last year.
Amazon founder Jeff Bezos said the new ‘disinformation board’ should review US President Joe Biden’s tweet that tied high inflation to low corporate taxes, calling it ‘misdirection’. Photo: Pool via Reuters
“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead,” Bezos tweeted, referring to the Department of Homeland Security’s Disinformation Governance Board announced in April. “Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.”
Inflation in the US has reached its highest levels since the 1980s, affecting the price of essential goods like gas, food, healthcare, and housing. In April the rate of inflation slowed for the first time in eight months.
Bezos and Amazon were frequent Twitter targets of former President Donald Trump, who often tried to blunt critical investigative stories by the Bezos-owned Washington Post by attributing it to his personal feud with Bezos.
This is the Amazon founder’s first public spat with Biden and came on a day when Bezos was quite active on the social-media platform. In addition to sparring with Biden about inflation, Bezos engaged in conversations with other Twitter users about space squirrels and dyslexia.
Twitter has been at the centre of the news since Elon Musk, the world’s wealthiest man, offered to take it private last month.
Additional reporting Business Insider