Trump Just Sent a Chill Down the Spine of Amazon CEO Jeff Bezos

(ZHE) — President Donald Trump just sent a chill down the spine of Amazon CEO Jeff Bezos and his fellow techno-plutocrats by reiterating his support for an Internet tax.

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“The internet – they’re going to have to start paying sales tax because it’s very unfair what’s happening to our retailers all over the country that are put out of business,” Trump said Wednesday.

In a veiled shot at Washington Post-owner Bezos, Trump repeated skepticism that he first expressed in a tweet late last year about Amazon’s impact on the US Postal Service as it struggles to keep up with all the online orders while sinking into financial insolvency.

According to one technology analyst who spoke with CNBC, the prospect of an an internet tax has long been an object of tech industry lobbying efforts.

“There’s always been a fear for players like an Amazon or a Google that something like this could actually get through,” Daniel Ives, head of technology research at GBH Insights, told CNBC. “We believe it’s more noise than a real threat.”

As we’ve pointed out in the past, several tech companies and industry lobbying groups rank among the biggest spenders in Washington.

Amazon collects sales tax on products it sells directly to consumers, but is more lax when it comes to sales made on its platform by third party merchants.

Indeed, the trend has already started at the state level.

In June, South Carolina filed a complaint against the online retailer, and Amazon agreed in November to take on additional third-party tax burden in its home state of Washington.

President Trump slams Amazon, telling U.S. post office to charge more from CNBC.

To be sure, America’s “retail apocalypse” is expected to accelerate this year. With that in mind, Trump might be pushing to preserve American companies and jobs. However, Amazon isn’t the only reason for the flood of retail company bankruptcies: Massive excess capacity, perpetually over-levered capital structures and a constant lack of capital investment have undoubtedly helped accelerate the decline.

Trump made his remarks during the signing of the Interdict Act, which seeks to reduce drug smuggling through the purchase of opioid sensors.

By Tyler Durden / Republished with permission / Zero Hedge / Report a typo

This article was chosen for republication based on the interest of our readers. Anti-Media republishes stories from a number of other independent news sources. The views expressed in this article are the author’s own and do not reflect Anti-Media editorial policy.

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  • John Allen

    I don’t know about other Amazon customers but they started changing me state Tax several years ago. Same with several other online sites. This, besides not owning a car, was one of the ‘benefits’ of online shopping. The govt has been bitching about the USPS for many years as too expensive. Too bad they don’t do the same with $trillion military expenses.


  • Joyce Gaynor

    Hehehe better would be to declare ideologically based companies political action committee’s and prevent them from trading on any stock market. If the market cap of Amazon, Google, Facebook, et al is zero … suddenly being super liberal and conservative hating may not seem like a great business model.


  • Valli Weidemann

    So i guess in all his years of business he forgot to most important thing; the business owner never pays newly imposed government fees and taxes, the customer does with higher prices



  • Carrie Marc

    The Post Office is becoming insolvent because of rules set by congress. They have done their very best to make it fail because a lot of money flows through the delivery business. They must have their hands in the pie. Shame on the scamming politicians.