These guys don’t seem to like each other anymore. In fact, it is developing into a right nasty feud. Can we elevate to brawl, please?
Maybe Bezos will see the light and close down the Washington Post?
Their twitter exchange:
Biden tweeted, “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”
Bezos responded, “Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.”
And later from Bezos, “Remember the Administration tried their best to add another $3.5 TRILLION to federal spending. They failed, but if they had succeeded, inflation would be even higher than it is today, and inflation today is at a 40 year high.”
Then economist Larry Summers broke in, “I think @JeffBezos is mostly wrong in his recent attack on the @JoeBiden Admin. It is perfectly reasonable to believe, as I do and @POTUS asserts, that we should raise taxes to reduce demand to contain inflation and that the increases should be as progressive as possible.”
Just a side note. Larry Summers is a brilliant economist most of the time. But did he just say that sending money to Washington reduces demand? So we reduce the ability of taxpayers to spend while enabling the out-of-control Congress which is the world’s largest “demander”? Sorry Larry, doesn’t make sense.
And finally from Bezos. “ 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.”