Dogecoin Co-Creator Slams Joe Biden For Wanting To Tax Billionaires, Says The President 'Thinks You Are Stupid'

Dogecoin (CRYPTO: DOGE) co-creator Billy Makrus, widely known as Shibetoshi Nakamoto, on Thursday, expressed dissatisfaction with President Joe Biden, suggesting that he believes the American people and those who support him on taxing billionaires are unintelligent. 

What Happened: Markus in a post on X said, "Joe Biden thinks you are stupid (and to be fair, everyone who hit the like button on this post is). Biden has raised the national debt by 3.7 trillion dollars during his time as President, more than all the billionaires in the US are worth combined."

Biden called upon Congress in February during his State of the Union address to approve his billionaire minimum tax, stressing the importance of ensuring that billionaires do not pay a lower tax rate than essential workers like school teachers or firefighters.

joe biden thinks you are stupid (and to be fair, everyone who hit the like button on this post is)

joe biden has raised the national debt by 3.7 trillion dollars during his time as president, more than all the billionaires in the US are worth combined https://t.co/gR8RKy8A7q

— Shibetoshi Nakamoto (@BillyM2k) September 15, 2023

Will The SEC Finally Approve Long-Awaited Bitcoin Spot ETF?  Ask industry experts directly at Benzinga’s Future of Digital Assets event happening in NYC on Nov. 14, 2023. Be a part of the discussions where you won’t just be a passive spectator. Don’t let this chance slip away – secure early bird discounted tickets now!

See More: A Stay At The Floating Palace From James Bond's ‘Octopussy

Why It Matters: It is worth noting that while co-creators Markus and Jackson Palmer have distanced themselves from the DOGE, other individuals involved in the development of Dogecoin remain part of the foundation. 

According to the foundation, its board includes advisors such as Jared Birchall, who is closely associated with and represents tech billionaire Elon Musk, as well as Ethereum co-founder Vitalik Buterin.

Meanwhile, Senator Elizabeth Warren’s vocal criticisms of Elon Musk have also grabbed headlines. Her calls for an investigation into his alleged interference with a Ukrainian military operation have drawn both support and opposition. Markus, in his statement, referred to Senator Warren as a “phony piece of garbage."

Price Action: At the time of writing, BTC was trading at $26,307, up 0.32% in the last 24 hours, according to Benzinga Pro.

Photo by milan2102 on Shutterstock

Read Next: Bitcoin, Ethereum, Dogecoin Spike After Franklin Templeton Files for BTC Spot ETF: Analyst Say If King Crypto Holds This Level, It Could Reach $30K Soon

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: CryptocurrencyNewsMarketsBilly MarkusdogecoinJoe Biden