A bitcoin whale and Amazon founder Jeff Bezos disagreed with Joe Biden’s claims about fighting inflation. The billionaires’ speech came after the president of the United States announced that he needed to change his attitude towards the richest companies.
The year 2022 will be marked by a general increase in price around the world, a phenomenon known as: inflation† As to the cause of this lack of control, many disagree as to the origin of this problem, which usually affects the poorest.
What draws attention, however, is that unchecked inflation is being observed in the major fiat currencies in the world, such as the dollar, euro and even the Brazilian real. In other words, the problem is of a global scale and how it will be solved is the main point of analysis for economists at the central banks that manage such currencies.
Joe Biden proposes taxing big companies to fight inflation
US President Joe Biden’s official statement made a controversial statement about inflation, indicating that to contain this price increase, large companies will have to pay more taxes to the government.
“Do you want to lower inflation? Let’s make sure the richest companies pay their fair share.”
Do you want to reduce inflation?
Let’s make sure the richest companies pay their fair share.
— Joe Biden (@JoeBiden) May 13, 2022
The issue raises a number of points, such as tax hikes that are bad for companies to hire new employees. In other words, controlling inflation without controlling the unemployment rate might not yield as many results in practice.
It is worth remembering that Joe Biden himself published also on his Twitter that he has invested in agriculture so that the producers produce more to lower costs for consumers†
That is, while the US president defends investments to improve production to lower prices, he also defends companies paying more taxes, and billionaires criticized him for his seemingly muddled speech.
Amazon Founder Jeff Bezos Criticizes Joe Biden Over Inflation Talk Backed By Bitcoin Whale
The current second-richest man in the world, Jeff Bezos, founder of Amazon and Blue Origin, some of the largest companies in the United States, wasn’t happy to see Biden talk about inflation.
Commenting on the US president, Bezos said the talk of inflation is misinformation that needs to be reassessed to be able to report more accurately.
“The newly formed Council of Disinformation should review this tweet, or maybe they should form a new Council of Non Sequitur. Raising corporate taxes is a good thing to discuss. Taming inflation is key to discuss. Bringing them together is just disorientation.”
The newly created disinformation board should review this tweet, or maybe they should form a new non-sequitur board instead. Raising corporate tax is perfectly negotiable. Taming inflation is critical to discuss. Putting them together is just deception. https://t.co/ye4XiNNc2v
— Jeff Bezos (@JeffBezos) May 14, 2022
Observing the speech of fellow entrepreneur and billionaire, Michael Saylor, CEO of MicroStrategy and a big whale of Bitcoin with his company, it ended proverb what “wars cause inflation and peace lowers pricesIndicating Biden’s need to focus on ending conflict around the world.
The reactions of the two billionaires were only a few who disagreed with Joe Biden, the umpteenth president who has to deal with high inflation in his country and says he is taking measures, even those controversies.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
