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[luckydude777]

Here's my take on inflation. Bezos and Musk AGREE with me!:

Musk and Bezos Agree on Who Is Responsible for Inflation

Excerpts below from this article currently found (06-15) on The Street.com. (I've taken the liberty to bold certain portions of it). [Article won't let me link to it": https://www.thestreet.com/technology/musk-and-bezos-agree-on-who-is-responsible-for-inflation%22

The two richest men in the world appear to have teamed up against a common adversary.

It's rare to see Elon Musk and Jeff Bezos agree on things.

The former is the richest man in the world with an estimated fortune of $209 billion as of June 14, according to Bloomberg Billionaire Index.

The second is the second richest man on the planet. His fortune is estimated at $126 billion.

"Bezos criticized the Biden administration as the president sought to take credit for deficit reduction. The former Amazon boss couldn't swallow this and pointed out that Democrats were trying to pump more stimulus into the economy as prices soared.

"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. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country," Bezos wrote on May 15.

The Government Is the Problem

Bezos doesn't seem to want to stop anymore. He seems to like this new Biden opponent suit that Musk also likes to wear. While consumers are still faced with inflation at its highest for more than 40 years, the two billionaires have just identified a culprit.

For Musk and Bezos, it was the stimulus to help consumers at the time of the pandemic that caused the inflation. Basically, the responsible culprit for the surge of your recent grocery store receipts is the federal government.

"Look, a squirrel! This is the White House’s statement about my recent tweets. They understandably want to muddy the topic," Bezos attacked on May 16. "They know inflation hurts the neediest the most. But unions aren’t causing inflation and neither are wealthy people."

"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."