Taxes Are Hate
Unless they’re taxes on you
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I’ve resisted for a couple of weeks, but this has been festering.
You see, I try to leave timely commentary to other writers. Caren White is a favorite. For my part, I prefer to try and dig in with analysis. It’s my slow-cooking thing. But the sheer malign goofiness of recent rich guy Twitter has taken me over the edge.
This could, I guess, be analysis if a connect-the-dots drawing is art.
The facts:
- Biden proposes a wealth tax. This, btw, is what Thomas Piketty suggests is one of the few alternatives to the inexorable rise of income equality
- In short order, rich guy Twitter lights ups
- Jeff Bezos starts tweeting about Joe Biden’s responsibility for inflation
- Elon Musk says the Democrats are no longer the party of kindness. (That’s the one that got me!)
- Their alignment on Biden and the Democrats is, apparently, newsworthy. Rich guys agree on not liking Biden! News flash: experts say Musk and Bezos had been feuding on Twitter but now agree on something! (Looking for the article I’d seen that reported this important fact, I found there were in fact dozens of them.)
Bezos claimed that stimulus checks caused inflation and only Joe Manchin saved the Democrats from a far far worse result.
We can get into the weeds on exactly what suffering that would have ensued if the government hadn’t stepped in — but let’s stay at 20,000 feet.
Inflation in the US is on par with Mexico, Canada, and much of Europe. Here’s some data:
The image is from inflationdata.com. They state:
It’s not just the United States that is suffering from high inflation, countries worldwide are experiencing higher than average inflation. This is partially due to the global pandemic but even more the result of the actions taken by central banks in response to the pandemic.
Yet, according to Mr. Bezos, the rest of the world’s leaders and central banks are off the hook. Oh, most…
