Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the British diplomatic residence on September 20, 2021 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
Jeff Bezos, Founder of Amazon tweeted sunday that inflation is most damaging to the less well-off in the United States, and slammed President Joe Biden for the second time in a week for his comments on inflation.
“In fact, the administration scrambled to inject even more stimulus into an already overheated inflationary economy and only Manchin saved them from themselves,” Bezos wrote on Twitter. “Inflation is a regressive tax that hurts the less well off the most. Misdirection does not help the country.”
Bezos’ comments were in response to a thread in which President Joe Biden said the United States was on track to see its largest annual deficit on record, totaling $1.5 trillion. Biden also took aim at former President Donald Trump, who saw the deficit “rise every year” in office, he wrote.
On Friday, Bezos called out President Biden over a tweet that taxing wealthy corporations can help reduce inflation. Bezos urged the Disinformation Council to review the tweet.
“It’s good to discuss raising corporate taxes,” Bezos wrote on Friday. “Keeping inflation under control is essential for discussion. Mixing them together is just the wrong direction.”
In either case, the president did not explicitly name Amazon, although he has previously commented on the e-commerce giant’s tax filing.
The comments from President Biden and Bezos come as inflation in the United States nears 40-year highs and Federal Reserve officials seek to raise interest rates to combat the problem.