Joe Biden has a new explanation for inflation: Corporations, see, aren't being taxed enough. Never mind Putin...

American Thinker ^ | 05/14/2022 | Monica Showalter

[SeekAndFind]

Joe Biden has a new explanation for inflation:

You want to bring down inflation?

Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022

He was massively ratioed on Twitter for being an ignoramus. It was so bad even Jeff Bezos weighed in and it wasn't pretty:

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. https://t.co/ye4XiNNc2v — Jeff Bezos (@JeffBezos) May 14, 2022

Shortly before that, Biden was blaming oil companies for high inflation in the economy, which clocked in at 8.3% in April on a CPI basis over the year earlier. Produce prices, a measure of price hikes coming down the pike, have gone even higher, at 11%.

According to PJMedia:

“Oil and gas companies shouldn’t pad their profits at the expense of hardworking Americans,” Biden said in a tweet in March.

“While families are struggling to pay higher prices at the pump, oil and gas companies are recording record profits,” House Speaker Pelosi claimed earlier this month.

And according to Matt Margolies at PJMedia:

In the course of a year, we’ve gone from “inflation will be transitory,” to “inflation is a good thing,” to “inflation started under Trump,” to “it’s Putin’s price hike.” Polls show that no one was buying the blame-Putin strategy, so Biden and the Democrats are now accusing oil companies of price gouging.

[SeekAndFind]

HOW IS THERE NEVER ANY MENTION OF NON-STOP SPENDING AND MONEY PRINTING?

A LOOK AT US INFLATION BEFORE AND AFTER JOE BIDEN TOOK OFFICE

[SeekAndFind]

WE SHOULD START BY FIRING EVERYONE WHO VOTED FOR THE "AMERICAN RESCUE PLAN"

[Mark17]

I guess, if he has lost Bezos, that says a lot.

[Smellin Salt]

Just say no to dumocrats

[lightman]

Once again, Xoe Buy-DUNG is FOS!

[lightman]

In the course of a year, we’ve gone from “inflation will be transitory,” to “inflation is a good thing,” to “inflation started under Trump,” to “it’s Putin’s price hike.” Polls show that no one was buying the blame-Putin strategy, so Biden and the Democrats are now accusing oil companies of price gouging.

Spoken like a true sociopath.

[TomGuy]

pay their fair share

That old canard has been used as much as the race card has by the leftists.

Though they never quite fully define how much that 'fair share' is. $1? $1 Billion?

[KarlInOhio]

The Fair Share is much more than current taxes for any value of current taxes.

[Alvin Diogenes]

Though they never quite fully define how much that 'fair share' is.

Sure they do. It's 100% (after all, they have the right to all of it if they decided so — so who is the owner in fact?).

They'll keep increasing the share, getting as close to 100% as possible, until the liberals start losing elections. Then they'll pull back and start to increase again from a somewhat lower level.

And, unless we put a stop to it, the liberals will win in the long run with this repeated "2 steps left, 1 step right" pattern.

[Sacajaweau]

Yeh....the government is much better at handling money...

Companies provide jobs...they build cities. The government destroys everything.

[dfwgator]

"Let me explain to you how this works. You see, the corporations finance Team America. And then Team America goes out, and the corporations sit there in their... In their corporation buildings, and, and, and see that, they're all corporationy, and they make money."

[Trump Girl Kit Cat]

Yeah tax corporations more they will then make us pay more, yep that’s the ticket!!! OMG I honestly can’t believe people are this STUPID!!!

[duckbutt]

Correct. I'm a accountant by training and degree. You know what taxes are? An expense! An expense like leases, raw materials, utilities, insurance, payroll, etc etc. After you deduct all that you have profit. Simplistic, I know! But all expenses are wrapped up in the cost of goods. I guess these folks with their gender queer studies never were educated about this and the dims are keeping the ignorant more ignorant. After all, their vote counts as much as yours, so appeal to the most ignorant of your base.

[sauropod]

The longer this goes on, the more I despise and loathe resident Huggies Bidet.

[Fresh Wind]

I recollect Schmucky Chucky Schumer saying the same thing a couple of weeks ago. That must be where Lesko Brandon got the idea.

[Fresh Wind]

I guess these folks with their gender queer studies never were educated about this and the dims are keeping the ignorant more ignorant.

The sad thing is much of economics is based on plain old common sense, something libs lack to a large degree.

[caww]

Biden and Demorats have zip zero they can toot their horns about - unless they lie.
So all that they can do is blame anyone , anything , anywhere for this destructive mess they've created domestically and worldwide.....

[Lazamataz]

You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022

What the actual f*** is wrong with this guy.

[Lazamataz]

Yeah tax corporations more they will then make us pay more, yep that’s the ticket!!! OMG I honestly can’t believe people are this STUPID!!!

Never assume stupidity, when malevolence will explain it better.