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.