rbreich

rbreich, 7 hours ago to random

Europe has tougher laws on ticket fees and reselling. The result?

Tickets to Taylor Swift's European tour, air fare + hotel can cost LESS than one of her concert tickets in the US.

If that's not another reminder that we need to crack down on Ticketmaster, I'm not sure what is.

rbreich, 6 hours ago to random

Wall Street tycoon Stephen Schwarzman endorsed Trump yesterday.

He joins a growing list of billionaires who once condemned the former president but are now flocking to his campaign.

Never underestimate how quickly billionaires will sell out our democracy for tax cuts.

rbreich, 9 hours ago to random

Memo to the media: Don't write about corporations suddenly lowering prices without mentioning how their profits have been skyrocketing or their tax bills have been shrinking. They could have kept prices lower all along. They chose note to. Give people the full picture.

rbreich, 3 days ago to random

Memo to the media:

If you're trying not to "take sides" in a struggle between democracy and fascism, you've taken the side of fascism.

rbreich, 1 day ago to random

50 billionaire families have spent $600 million+ on the 2024 elections, which is .06% of their total wealth.

The equivalent donation for an avg household would be ~$100.

This means 50 billionaires have the political-spending capacity of 6 million American families.

Oligarchy.

rbreich, 19 hours ago to random

The Common Good vs. Trumpism | The Coffee Klatch with Robert Reich https://www.youtube.com/watch?v=CmB_vV9K6oA&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 21 hours ago to random

The Common Good vs. Trumpism | The Coffee Klatch, Saturday, May 25, 2024 https://robertreich.substack.com/p/the-common-good-vs-trumpism-the-coffee?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Justice Roberts refused to testify in a hearing on Supreme Court ethics.

Thomas secretly accepted gifts from a GOP megadonor and his wife was involved in Jan 6.

Alito flew not one, but two insurrectionist flags.

The list goes on.

Is it any wonder Americans don't trust SCOTUS?

rbreich, 5 days ago to random

Effective tax rates before and after the Trump tax law:

Verizon
Before: 21%
After: 8%

Walmart
Before: 31%
After: 17%

AT&T
Before: 13%
After: 3%

Walt Disney
Before: 26%
After: 8%

FedEx
Before: 18%
After: 1%

This is what a corporate giveaway looks like.

rbreich, 2 days ago to random

Impeach Justice Samuel Alito https://www.youtube.com/watch?v=fuHFFkezgVs&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Lately under Biden, the DOT regulated airline fees. The CFPB capped credit card fees. The DOL strengthened OT rules. Medicare is negotiating drug prices. The FTC banned noncompetes. Meanwhile, Trump is on trial, posting Nazi imagery, and talking about outlawing birth control.

rbreich, 1 day ago to random

Reminder: When you invest in the American people, the middle class expands, and the economy grows.

When you cut taxes on the rich, the rich get richer, and the gains don’t trickle down.

It’s that simple.

rbreich, 1 day ago to random

This Is How Dynastic Wealth Corrupts Our Politics https://www.youtube.com/watch?v=GyOlSxWLVHQ&utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Announcing our “Debunk” series, starting next Friday! https://robertreich.substack.com/p/debunk-series-starting-next-friday?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 2 days ago to random

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

He promised lower taxes and to gut environmental regulations in return.

Big Oil CEOs already appear to be taking him up on the offer, inviting Trump to a fundraiser in Houston yesterday.

Be warned.

rbreich, 2 days ago to random

The CEO of Live Nation — the parent company of TicketMaster — received $23.4 million in compensation last year.

Meanwhile, the median Live Nation employee was paid $28,207.

That’s a CEO-to-worker pay ratio of 833-to-1.

Monopoly power is terrible for everyone but rich CEOs.

rbreich, 2 days ago to random

I can't believe I even have to say this, but it is not normal that the Supreme Court is taking its sweet time to decide if the president can incite an insurrection to overturn an election and maintain power. This should have been decided already. The answer is no!

rbreich, 2 days ago to random

Extending Trump's tax cuts would add an absurd $4.6 trillion to the deficit.

You probably didn't hear Republicans talk about this.

When we push for programs that will help people, the deficit hawks are
everywhere.

Now, they're nowhere to be found.

Funny how that works, huh?

rbreich, 2 days ago to random

Amazon squeezed sellers and jacked up prices.

Apple used its power to kill off challengers.

Ticketmaster/Live Nation leveraged its dominance to jack up ticket costs and tack on massive fees.

Each company is facing an antitrust lawsuit from the Biden admin.

This is a big deal.

rbreich, 2 days ago to random

Nepo baby billionaire Timothy Mellon has given at least $25 million to elect RFK Jr.

He has also given at least $25 million to elect Trump.

The two campaigns are the same campaign — with the same donors and the same ultimate goal of putting Trump back in the White House.

rbreich, 2 days ago to random

The Supreme Court's Republican Partisan Hacks https://robertreich.substack.com/p/the-supreme-courts-republican-partisan?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 3 days ago to random

The Appeal to Heaven flag isn't just tied to Jan 6.

It's a Christian nationalist symbol.

Christian nationalists believe that the law of the land is not the Constitution, but instead the law of God as they interpret it.

Do you see the problem with Alito flying this flag?

rbreich, 3 days ago to random

Remember: If markets were actually competitive, corporations would keep their prices as low as possible as they competed for customers.

Instead, the concentration of the American economy into the hands of a few corporate giants gives them the power to raise prices with impunity.

rbreich, 3 days ago to random

Trump keeps touting plans to deport millions of undocumented workers.

His vile attacks are as dumb as they are racist and xenophobic.

These people strengthen our communities, contribute to the economy, do essential jobs, and pay billions in taxes.

Don't fall for Trump's lies.

rbreich, 3 days ago to random

Live Nation/Ticketmaster is a monopoly, which is why it can get away with providing awful service, charging exorbitant prices, and tacking on fees as high as 75% of the ticket price.

The DoJ will announce an antitrust lawsuit against the company this week.

This is a big deal.