Is Biden's Tweet Disinformation?

[RiverDog]

Things are a bit slow in here and it's raining like a cow pissing on a flat rock at my place today, so I thought I'd start a new thread.

I got a bit of a chuckle out of this tweet that Sleepy Joe sent out yesterday and Jeff Bezos reaction to it. Here's Joe's tweet:

“You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Biden tweeted on Friday evening.

And here's Bezos' response:

“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection,” Bezos shot back, quote-tweeting Biden’s statement on the platform.

https://news.yahoo.com/bezos-disinforma ... 55693.html

Bezos is exactly right. Although one can argue that cutting or raising taxes, in general, can have an effect on the economy and with it, inflation, But in our particular situation, the root causes of inflation has been supply chain problems created by the pandemic, labor shortages in some industries, pent up demand caused by the pandemic that has resulted in a surge in buying, rising energy prices, along with a few other factors. Raising taxes on the wealthy won't do a damn thing to curb it. The two subjects are apples and oranges, and Biden's lack of understanding of basic economics shows just how inept he is and how he's not fit for the job.

Biden's tweet is irrational and misleading, and although it doesn't hold a candle when contrasted to some of the garbage that Republicans have run up the flagpole, it should be taken down or tagged by this new Disinformation Board.

[c_hawkbob]

BS. The system just doesn't work anymore. Wall street has gotten to where it's paying itself (buying back their own stocks) instead of paying taxes. I'm stunned at the amount of middle class Americans that are so OK with carrying the burden of paying for this country to work. As far as the tweet, non sequitur I'll buy, but it's so far from "disinformation", especially in light of the previous guy I'm embarrassed to be writing this response in this thread. You can't possibly believe that taxing the rich wouldn't actually help can you?

[RiverDog]

BS. The system just doesn't work anymore. Wall street has gotten to where it's paying itself (buying back their own stocks) instead of paying taxes. I'm stunned at the amount of middle class Americans that are so OK with carrying the burden of paying for this country to work. As far as the tweet, non sequitur I'll buy, but it's so far from "disinformation", especially in light of the previous guy I'm embarrassed to be writing this response in this thread. You can't possibly believe that taxing the rich wouldn't actually help can you?

I'm not sure what you're talking about when you say that "the system just doesn't work anymore". Do you mean that capitalism no longer works?

I agree that there is a problem with the distribution of wealth and with our taxation system, but it has absolutely nothing to do with inflation. They are two completely separate problems. If anything, forcing corporations to pay more taxes is going to increase inflation as they will simply pass along the increased cost of doing business to their customers.

As far as the tweet goes, as I stated, it is not anywhere close to some of the garbage that Republicans and even some Democrats have spread. However, since it is so grossly misstated, and considering the source is from the POTUS himself, there at least needs to be some sort of a tag or correction associated with it if the government is to maintain at least the appearance of impartiality in regulating content.

[c_hawkbob]

BS. The system just doesn't work anymore. Wall street has gotten to where it's paying itself (buying back their own stocks) instead of paying taxes. I'm stunned at the amount of middle class Americans that are so OK with carrying the burden of paying for this country to work. As far as the tweet, non sequitur I'll buy, but it's so far from "disinformation", especially in light of the previous guy I'm embarrassed to be writing this response in this thread. You can't possibly believe that taxing the rich wouldn't actually help can you?

I'm not sure what you're talking about when you say that "the system just doesn't work anymore". Do you mean that capitalism no longer works?

I agree that there is a problem with the distribution of wealth and with our taxation system, but it has absolutely nothing to do with inflation. They are two completely separate problems. If anything, forcing corporations to pay more taxes is going to increase inflation as they will simply pass along the increased cost of doing business to their customers.

As far as the tweet goes, as I stated, it is not anywhere close to some of the garbage that Republicans and even some Democrats have spread. However, since it is so grossly misstated, and considering the source is from the POTUS himself, there at least needs to be some sort of a tag or correction associated with it if the government is to maintain at least the appearance of impartiality in regulating content.

First, yes, I'm saying capitalism, as it has evolved since the advent of trickle down economics, no longer works. You've got millionaires, put in power by billionaires, deciding how to tax the country and they are, as any reasonable person would expect, looking to profit from it rather than run the country properly.

Second I agree that "this" (the tweet) is not about "that" (inflation), thus the non sequitur, though the are not totally unrelated. Certainly not to the point of misinformation.

[Aseahawkfan]

I'm more of the mind let people tweet, then figure out if they're right and wrong after the tweet. I'm good with Elon Musk's free speech line more than Twitter's current free speech line.

As far as the amount of taxes paid by the wealthy having anything to do with inflation, sure, it's not correct. Anyone with a basic understanding of economics can see this is nothing more than Biden trying to throw blame on the wealthy to get his voters to come up with their anti-wealthy rhetoric to try to blame them for the state of the economy because that's what they're used to doing, not because they have any evidence that taxing the wealthy leads to better wealth outcomes for citizens.

It's always been astounding to me that people think the amount of tax paid by the wealthy somehow correlates to a better standard of living when that has never been proven in the history of economics.

In fact, the opposite has been proven over and over and over again. When you create economic systems that disincentivize productivity like socialism and communism, you have a drop in standard of living, technological advancement, and all measures of a functioning economy that leads to higher unemployment, lower quality of life, and the like.

If anything, policies that lower the tax burden on working people would greatly improve their lives. The pay the highest percentage of taxes on their income, not just from income tax, but from all the taxes they get burdened with from property ownership to sales tax to license taxes and the like. They never one think to petition the government for greater tax relief and the ability to keep more of their money in their pocket.

I've never seen a group stupider than the group that follows the Democrats and thinks that making the wealthy pay more taxes will benefit them rather than petitioning the government to lower their tax burden. What would help them more? Taxing wealthy folk to fill the coffers of a government who doesn't spend or manage money very well? Or allowing a working or middle class citizen to keep more of their money they can spend to increase their wealth?

Tax money spent is some of the most unproductive money a working to middle class person spends. They gain almost nothing for it. No appreciation. No compounding. Base level services and government jobs with no long-term upside than a pittance pension that will suffer should inflation get out of hand due to the fiscal mismanagement of the government needing to dig itself out of a debt hole they created by shoving too much money into the economy that was ill spent.

The American economy needs a major overhaul. We need to stop teaching Democrat Stupid Policies on economics and start teaching how real economics works. Not trickle down or Keynsian government interference garbage. Neither system works particularly well. But real wealth building with lower taxes that shows people how important it is for them to retain as much of their earned income as possible and spend it wisely on appreciating assets.

Right now we have a path where we're either going to end up paupered to corporations (the current Republican Trickle Down Method) or to the government (The Democrat Keynesian Socialist trash pay higher taxes for government cheese method). There are other paths like the lower the tax burden on the working and middle class. Show them out to spend their money. Get insurance to a point where it is portable for the middle and working class so they aren't enslaved to working jobs for corps or the government to maintain medical insurance. Then keep the big money out of the property markets so people on lower wage scale can compete against each other rather than wait for a landlord billionaire to buy up the property to rent it back to them like the government organized with health insurance where billion dollar insurance companies priced working people out of the medical services market making medical insurance required for use.

Lots of ways to improve the market for working and middle class people. Neither party seems particularly incentivized to take real measures to accomplish the tasks. Republicans want you believe we should worship corporate job creators. Democrats seem to want us all paying higher taxes for government programs that will fix all. The other method of lowering taxes on the consumer and creating affordable markets they can compete in isn't provided by other party because it would take power from both of them. Then they couldn't sell their trash philosophies to keep us sucking at their tits.

[RiverDog]

Second I agree that "this" (the tweet) is not about "that" (inflation), thus the non sequitur, though the are not totally unrelated. Certainly not to the point of misinformation.

I guess it depends on what you consider misinformation. What Biden said was a horribly incorrect, completely unrelated comment. Who's to say which incorrect and unrelated comments are worthy of the distinction of misinformation and which are not? Is Trump's tweet indicating that there was voter fraud in the 2020 election any more inaccurate than Biden's insinuation that taxing corporations will reduce inflation?

I'm not saying that either comment be taken down. However, I am suggesting that some type of correction or footnote accompany these grossly misstated and erroneous tweets from noted public figures like the POTUS.

[Aseahawkfan]

I guess it depends on what you consider misinformation. What Biden said was a horribly incorrect, completely unrelated comment. Who's to say which incorrect and unrelated comments are worthy of the distinction of misinformation and which are not? Is Trump's tweet indicating that there was voter fraud in the 2020 election any more inaccurate than Biden's insinuation that taxing corporations will reduce inflation?

I'm not saying that either comment be taken down. However, I am suggesting that some type of correction or footnote accompany these grossly misstated and erroneous tweets from noted public figures like the POTUS.

Is this the most terrible 8 years of presidents you've seen in history? Why can't America produce a sane and competent presidential candidate right now? I don't get it.

[RiverDog]

Is this the most terrible 8 years of presidents you've seen in history? Why can't America produce a sane and competent presidential candidate right now? I don't get it.

Without a doubt, at least in my lifetime.

I honestly think that we got better POTUS candidates through smoke filled rooms than we have with our current primary process. Teddy Roosevelt was a product of a smoke filled room. So was Harry Truman, and to some extent, Gerald Ford. Those last two might not have been the greatest POTUS's in our history, but they're damn sure better than the last two that we've had.

But back to Biden's tweet. If he truly feels that taxing corporations and the rich will solve the inflation problem, then his lack of a grasp of basic economics is as concerning as Trump's head up arse in foreign policy, such as not knowing that India and China share a long border or what country Paris is in. He may not be as unfit for office as Trump is, but he's still unfit.