> Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?
Because the inflation under Biden was itself an accident. Trump is doing this on purpose.
Furthermore, if you buy the idea that the inflation was caused solely by handing out stimulus checks during a pandemic, then it's at least partially Trump's fault, too. Remember that Trump's the one who pushed for all this stimulus, because he was worried about his re-election prospects in 2020.
If you want a real criticism of this policy, it's that Bezos was spending $$$ to be at the Trump inauguration just a few months ago. Big Tech put their muscle behind Trump despite being the industry most reliant on foreign immigration and trade - the things Trump desperately wants to shut down. They did this because they're so shit scared of antitrust legislation that they're willing to break up America before America can break up them.
Of course, it turns out Amazon needs a host country to survive after all, and Bezos didn't realize this. So instead of owning a broken-up business empire he's going to own no empire at all. Welcome to the bust-out.
> Of course, it turns out Amazon needs a host country to survive after all
It this is true (it might be, it might not be), there's no particular reason why it needs to be the USA. Bezos and the current management structure and employees of Amazon in the USA might prefer if it was that way, but there's little about the company that requires it, other than its biggest market also being the USA.
Also: Bezos doesn't really own Amazon any more in any meaningful sense. He owns less than 10% of the stock.
I'll give you that Bezos is mostly gone from Amazon.
However, Amazon does need to be in the USA, even if it's not their host country, because they're a retailer. They make their money by buying goods and selling them to the people who want them.
Remember when Amazon used to only have one warehouse in one state, and relied on being able to ship things to get around sales tax? That didn't last - and not just because the law caught up with the loophole. They wanted to do next-day or same-day shipping that basically required them to have a warehouse in every city, and thus pay sales tax everywhere.
Amazon moving out of the US would make them equivalent to Temu or Wish in terms of convenience, and their sales would crater. Not to mention Trump is closing off the loophole those companies used, too.
> Remember that Trump's the one who pushed for all this stimulus, because he was worried about his re-election prospects in 2020.
The man had the first batch of checks from the treasury redesigned/printed just so he could put his big sharpie signature on the check, for self promotion purposes.
Because the inflation under Biden was itself an accident. Trump is doing this on purpose.
Furthermore, if you buy the idea that the inflation was caused solely by handing out stimulus checks during a pandemic, then it's at least partially Trump's fault, too. Remember that Trump's the one who pushed for all this stimulus, because he was worried about his re-election prospects in 2020.
If you want a real criticism of this policy, it's that Bezos was spending $$$ to be at the Trump inauguration just a few months ago. Big Tech put their muscle behind Trump despite being the industry most reliant on foreign immigration and trade - the things Trump desperately wants to shut down. They did this because they're so shit scared of antitrust legislation that they're willing to break up America before America can break up them.
Of course, it turns out Amazon needs a host country to survive after all, and Bezos didn't realize this. So instead of owning a broken-up business empire he's going to own no empire at all. Welcome to the bust-out.