Bezos rips Biden's 'misdirection' on inflation

[Valletta]

"In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves."
Jeff Bezos rips Biden's 'misdirection' on inflation, says Manchin 'saved' Dems 'from themselves'

 

[disciple Clint]

"In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves."
Jeff Bezos rips Biden's 'misdirection' on inflation, says Manchin 'saved' Dems 'from themselves'

Biden is unlikely to take any responsibility for anything.

 

[tall73]

"In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves."
Jeff Bezos rips Biden's 'misdirection' on inflation, says Manchin 'saved' Dems 'from themselves'

Since this refers to the twitter post of Bezos, it seems like a more direct source.

https://twitter.com/JeffBezos/status/1525846743278944256

 

[cow451]

Jeff, my man, get back to us when you want to give up your tax breaks.

Jeff Bezos reportedly didn't pay any income taxes for at least 2 years between 2006 and 2018

 

[cow451]

Biden is unlikely to take any responsibility for anything.

Perhaps another tax break for the uber wealthy will put some salve on that wound Bezos has. I'll check out Amazon to see what they might have.

 

[ThatRobGuy]

Perhaps another tax break for the uber wealthy will put some salve on that wound Bezos has. I'll check out Amazon to see what they might have.

I think tax breaks for the wealthy and the causes for current record inflation are two different conversations.

We could have a 50% effective tax on the top 1% right now, and it wouldn't have any impact on the inflation situation we're seeing.

The price of goods that there are currently shortages on would still be increased. You can't really tax your way out of inflationary elements of the economy.

...and even if that hypothetical 50% effective tax on the wealthy were used for 100% redistribution, it would only serve as a very short term band-aid, as once that money was spent, and the prices were still high (and getting higher), we'd be right back to having the same conversation.

Ending the mega tax breaks for the mega wealthy can help with things like better funding for certain public services, but with regards to the price of consumer goods, that would remain unchanged.

 

[Valletta]

I think tax breaks for the wealthy and the causes for current record inflation are two different conversations.

We could have a 50% effective tax on the top 1% right now, and it wouldn't have any impact on the inflation situation we're seeing.

The price of goods that there are currently shortages on would still be increased. You can't really tax your way out of inflationary elements of the economy.

...and even if that hypothetical 50% effective tax on the wealthy were used for 100% redistribution, it would only serve as a very short term band-aid, as once that money was spent, and the prices were still high (and getting higher), we'd be right back to having the same conversation.

Ending the mega tax breaks for the mega wealthy can help with things like better funding for certain public services, but with regards to the price of consumer goods, that would remain unchanged.

Biden and Pelosi simply are not going to put a heavy tax on their own income. People keep voting for these people, they love the perks and will say to increase the tax the rich in their campaign but no way will they do it. Why Nancy is busy opening a liquor store, taxpayer funded, for members of Congress.

 

[cow451]

I missed the part where Bezos offered any coherent plan as an alternative. Is Bezos going to spend a nickel on crumbling infrastructure? But he'll take plenty of taxpayer dollars ("incentives") to build his warehouses.

 

[grasping the after wind]

Biden is unlikely to take any responsibility for anything.

AFAIK only those that are proven to be mentally aware of what they are doing are considered to be legally responsible for their actions.

 

[grasping the after wind]

I missed the part where Bezos offered any coherent plan as an alternative. Is Bezos going to spend a nickel on crumbling infrastructure? But he'll take plenty of taxpayer dollars ("incentives") to build his warehouses.

The difference being that Biden's job is to work for the welfare of the taxpayers. Bezos' job was to work for the welfare of his company. By accepting those incentives from the taxpayers ( unlike Biden, he did not have the coercive force of government to simply appropriate them.) , he was doing his job in a morally upright and competent fashion. There is reason to believe that Biden's accumulation of personal wealth may not be quite as morally upright and certainly his job performance is viewed by a large majority of the populace as being fairly incompetent.

 

[cow451]

The difference being that Biden's job is to work for the welfare of the taxpayers. Bezos' job was to work for the welfare of his company. By accepting those incentives from the taxpayers ( unlike Biden, he did not have the coercive force of government to simply appropriate them.) , he was doing his job in a morally upright and competent fashion. There is reason to believe that Biden's accumulation of personal wealth may not be quite as morally upright and certainly his job performance is viewed by a large majority of the populace as being fairly incompetent.

Again, Bezos is suggesting what solutions?

 

[ThatRobGuy]

I missed the part where Bezos offered any coherent plan as an alternative. Is Bezos going to spend a nickel on crumbling infrastructure? But he'll take plenty of taxpayer dollars ("incentives") to build his warehouses.

When he runs for office, then that'll be his job...until then, he's a voter and can complain about political incompetence like the rest of us.

Now, if Bezos was complaining about Amazon Prime shipments arriving late and not offering any solutions, then it would be a fair critique.

 

[disciple Clint]

I missed the part where Bezos offered any coherent plan as an alternative. Is Bezos going to spend a nickel on crumbling infrastructure? But he'll take plenty of taxpayer dollars ("incentives") to build his warehouses.

Warehouses? Warehouses need workers, warehouses mean jobs, jobs mean a people being able to afford to live without government hand outs. Gosh that could lead to a better economy and less people living in poverty. Yes, not taxing the rich and encouraging them instead to invest in the economy is a real bad conservative idea much better to support the liberal concept of making everyone dependent upon an every growing government.

 

[Pommer]

Warehouses? Warehouses need workers, warehouses mean jobs, jobs mean a people being able to afford to live without government hand outs. Gosh that could lead to a better economy and less people living in poverty. Yes, not taxing the rich and encouraging them instead to invest in the economy is a real bad conservative idea much better to support the liberal concept of making everyone dependent upon an every growing government.

The ultra-rich are spending money to push rockets (almost) into space and have largely ceased to “invest in the economy”; maybe it’s time that government shows them how to do that (again) by taxing them and then using the additional revenue where is does some good?

 

[disciple Clint]

The ultra-rich are spending money to push rockets (almost) into space and have largely ceased to “invest in the economy”; maybe it’s time that government shows them how to do that (again) by taxing them and then using the additional revenue where is does some good?

And how is building rockets and exploring space not adding to our economy and saving the government the money it spent in the past on this endeavor? Rockets and space exploration result in jobs, what is wrong with creating jobs?

 

[cow451]

When he runs for office, then that'll be his job...until then, he's a voter and can complain about political incompetence like the rest of us.

Now, if Bezos was complaining about Amazon Prime shipments arriving late and not offering any solutions, then it would be a fair critique.

OK, rich guy doesn't want to be taxed. Nothing to see here.

 

[cow451]

Warehouses? Warehouses need workers, warehouses mean jobs, jobs mean a people being able to afford to live without government hand outs. Gosh that could lead to a better economy and less people living in poverty. Yes, not taxing the rich and encouraging them instead to invest in the economy is a real bad conservative idea much better to support the liberal concept of making everyone dependent upon an every growing government.

Poor Bezos.
Opinion | Amazon’s Golden Fleecing

 

[ThatRobGuy]

The ultra-rich are spending money to push rockets (almost) into space and have largely ceased to “invest in the economy”; maybe it’s time that government shows them how to do that (again) by taxing them and then using the additional revenue where is does some good?

Another idea, the government could dismantle its own space exploration programs (since putting things in space apparently is of no use), and use the tens of billions they spend on their own space exploration endeavors, and redirect it toward tax cuts for the middle class, or redirect the government funds towards education?

...or is this not really about space exploration being "trivial" or a "waste of money that doesn't benefit society"?

 

[FireDragon76]

Why should anyone care what Bezos has to say? Billionaires are never your friend.

 

[FireDragon76]

Warehouses? Warehouses need workers, warehouses mean jobs, jobs mean a people being able to afford to live without government hand outs. Gosh that could lead to a better economy and less people living in poverty. Yes, not taxing the rich and encouraging them instead to invest in the economy is a real bad conservative idea much better to support the liberal concept of making everyone dependent upon an every growing government.

Except that's not what Amazon does. Amazon is a disruptor in communities and replaces sometimes decent retail jobs with sweatshops that bring in a pipeline of cheap goods from China.