Wednesday, June 29, 2022

Pinhead Billionaire


Billionaire Amazon founder Jeff Bezos said:

 "Inflation is a regressive tax that most hurts the least affluent."

Price increases are not a tax as the money is received by the selling company and not a local, state or federal government entity. 

Does it gall anyone that a billionaire tax-paying minimalist is telling customers Amazon's price increases are going to the government he lobbies to not support financially but to control tax policy?  

By least affluent is he referring to the simple millionaire or the actual poor, many of whom he employs?  Bezos could easily afford to give them raises but finds it more profitable to insult them.  

Update 9-27-22:  Another pinhead billionaire tax-paying minimalist is former President Donald Trump, who paid less in taxes than a household earning $20,000 per year.