rbreich

rbreich, 5 hours ago to random

Wondering if wealth inequality is out of control?

Well, Jeff Bezos made over $7.9 million an hour last year.

In just 13 minutes, he made the equivalent of what a typical person earns in a lifetime.

Don't tell me that the rich can't afford a wealth tax.

rbreich, 6 hours ago to random

Stock buybacks don't just line the pockets of CEOs and shareholders — they're dangerous.

Boeing failed to implement a $7B redesign of its 737 Max while spending that much per year on buybacks.

A dollar spent on buybacks is a dollar less spent to upgrade equipment and safety.

rbreich, 7 hours ago to random

Each of Trump's 34 criminal counts of false business filings in the New York case carries a penalty of up to four years in prison.

If Trump is convicted, what should the sentence be?

rbreich, 8 hours ago to random

In 2023, @UAW stood up to the Big Three automakers and won big pay bumps.

Now it's launching organizing campaigns at more than a dozen non-union automakers.

VW workers in Tennessee unionized in April. Mercedes workers in Alabama vote on a union next week.

This is a huge deal.

rbreich, 17 hours ago to random

Is this for real? The Coffee Klatch, Saturday, May 11, 2024 https://robertreich.substack.com/p/is-this-for-real-the-coffee-klatch?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Is this for real?! | The Coffee Klatch with Robert Reich https://www.youtube.com/watch?v=avk3c7XkmNE&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Reminder that Trump is floating cuts to Social Security and Medicare — supposedly to address the debt — yet supports extending his tax cuts for the rich, adding $4.6 trillion to the deficit.

This isn't about the debt.

It’s about doing the bidding of his wealthy donors.

rbreich, 1 day ago to random

813 US billionaires control a record $5.7 trillion in wealth.

The bottom 50% of Americans control $3.7 trillion in wealth.

When ~800 people control more wealth than half a country’s population, we have a very serious problem.

rbreich, 1 day ago to random

Judge Cannon has postponed Trump's classified documents trial and didn't set a new start date.

The Supreme Court is slow walking Trump's presidential immunity claim, which has delayed his Jan 6 trial.

The federal judiciary is effectively acting like a MAGA campaign arm.

rbreich, 1 day ago to random

Trump wants to:

Extend his tax cuts — which have made billionaires $2 trillion richer

Cut Social Security — which working people pay into for a lifetime

Would you like to keep your retirement money? Or would you like to gift it to billionaires?

That is your choice in 2024.

rbreich, 1 day ago to random

Top media company CEO pay in 2023:

Disney: $31.6M
Warner Bros: $49.7M
Netflix: $49.8M & $40.1M
Comcast: $35.5M
Paramount: $31.3M

Remember when execs claimed they couldn't afford to pay writers and actors more during the WGA/SAG-AFTRA strike?

That was pure fiction.

rbreich, 1 day ago to random

A few reminders about Trump's NY Trial:

1. It's not simply about him trying to cover up alleged affairs

2. It's about him allegedly orchestrating an illegal scheme to deprive voters of information

3. He was indicted by a grand jury made up of ordinary citizens, not Biden

rbreich, 1 day ago to random

With Trump, everything’s for sale https://robertreich.substack.com/p/with-trump-everythings-for-sale?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 2 days ago to random

Trump continues to vow to his billionaire supporters that he'd extend their tax cuts if reelected.

These cuts have already helped billionaires' grow their fortunes by $2 trillion.

It's crystal clear who Trump works for — and it sure as hell isn't the working class.

rbreich, 2 days ago to random

The CFPB set a rule limiting credit card late fees to save American families ~$10 billion/yr.

The U.S. Chamber of Commerce sued to stop it.

Republicans in Congress are trying to kill it.

The government is tackling junk fees, and corporate interests couldn't be more upset.

rbreich, 2 days ago to random

Corporate profits hit record-highs, yet price hikes won’t stop.

Why?

Well, in 75% of US industries, fewer companies control more of the business than 20 years ago.

Little-to-no competition allows a price gouging free-for-all.

Corporate monopolies get rich, and we pay the tab.

rbreich, 2 days ago to random

Trump asked Big Oil execs to give him $1 billion for his campaign.

He promised lower taxes and a rollback of Biden's climate regulations and clean energy programs in return.

Trump is literally willing to take bribes in exchange for the destruction of the planet.

Be warned.

rbreich, 2 days ago to random

History repeats. It's time to sound the alarm. https://www.youtube.com/watch?v=6o3hJX1ZLmk&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 2 days ago to random

Antisemitism? https://robertreich.substack.com/p/antisemitism?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 3 days ago to random

Ron DeSantis signed a law that prevents municipalities in Florida from requiring that employers provide shade and water breaks for outdoor workers.

A study found that heat-related deaths in FL shot up by 88% between 2019 and 2022.

Folks, this is the GOP's vision for America.

rbreich, 3 days ago to random

Biden must stand up to Netanyahu. Now. https://www.youtube.com/watch?v=ku1IFIzLUls&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 3 days ago to random

A new CBO report estimates that extending the Trump tax cuts for the next 10 years would add $4.6 trillion to the deficit.

Remember this the next time Republicans propose cuts to Social Security, Medicare, and Medicaid.

The "party of fiscal responsibility" is full of it.

rbreich, 3 days ago to random

The FTC alleges that a major US oil exec colluded with OPEC to cut production and drive up prices.

Research found that Big Oil price fixing may have contributed to 27% of total inflation in 2021.

When I say corporate greed is driving inflation, this is what I mean.

rbreich, 3 days ago to random

Donald Trump has violated the gag order placed on him during his NY trial ten times so far. If he keeps violating it, what should Judge Juan Merchan do?

rbreich, 3 days ago to random

Office Hours: Is Biden focusing on the right issue? https://robertreich.substack.com/p/office-hours-is-biden-focusing-on?utm_source=dlvr.it&utm_medium=mastodon