@rbreich@masto.ai
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rbreich

@rbreich@masto.ai

Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Sign up for updates, analysis and drawings: http://robertreich.substack.com

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rbreich, to random
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Did Republicans use the debt ceiling to hold the economy hostage when Trump was in office? No. Of course not. They raised it. Three separate times. https://robertreich.substack.com/p/disinformation-about-the-debt-ceiling

rbreich, to random
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Just lost my Twitter verification, but that's not a real problem. The real problem is the oligarchs who have too much power over the internet.

And our economy.

And our democracy.

Remember, we have more in common with each other than we do with them — blue check or not.

rbreich, to random
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RT @IlhanMN
Kevin McCarthy is holding the global economy hostage in order to:

  • Take away food stamps
  • Kick millions off health insurance
  • Make it easier for billionaires to dodge taxes
  • Block student loan forgiveness
  • Kill over 100,000 green energy jobs

Stop this manufactured crisis!

rbreich, to random
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Something has gone terribly wrong when Fox News can claim a tax write-off for its $787M defamation settlement, yet school teachers only get a measly $300 deduction for buying their own supplies.

rbreich,
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rbreich, to random
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RT @Groundwork
If inflation is slowing, why is the Fed still hellbent on raising interest rates, slowing the economy and threatening to throw millions out of work?

@rbreich explains why this is a huge — and cruel — mistake that will hurt the most vulnerable.

video/mp4

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RT @lawindsor
EXCLUSIVE AUDIO: Trump coup attorney Cleta Mitchell wants to "combat" voting on college campuses, citing North Carolina and Wisconsin, and says that when Republicans win the state Senate in Virginia, they can eliminate 45 days of early voting and same day voter registration.

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rbreich, to random
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The GOP's only policy initiative, its only mission, and its only hope for maintaining power is voter suppression.

RT @washingtonpost
Exclusive: A top Republican legal strategist told a roomful of GOP donors over the weekend that conservatives must band together to limit voting on college campuses, same-day voter registration and automatic mailing of ballots to registered voters, according to a copy of her… https://twitter.com/i/…
https://twitter.com/washingtonpost/status/1649074059517231105

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RT @RepSummerLee
16 y/o Ralph Yarl was shot in the head for knocking on the wrong door.

20 y/o Kaylin Gillis was shot & killed for pulling into the wrong driveway.

18 y/o Payton Washington was shot after accidentally trying to get in the wrong car.

NOTHING about this is normal.

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RT @rbreich
How can you watch Clarence Thomas…

-Accept free trips from a GOP megadonor
-Report hundreds of thousands of dollars in income from a defunct real estate company
-Fail to recuse himself from cases with clear conflicts of interest

...and not think SCOTUS needs a code of ethics?

rbreich, to random
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In Class 2 of Wealth and Poverty, we begin to explore why inequalities have soared since the late 1970s and early 1980s.

Even though this isn’t a real classroom and I’m not with you in person, I hope you find this both enjoyable and challenging! https://tinyurl.com/5n7utw2y

rbreich,
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And if you missed Class 1, catch up below!

It’s okay to be tardy. And I promise I won’t grade you too harshly. In fact, I won’t give you any exams. https://tinyurl.com/4nmr86wc

rbreich, to random
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We shouldn’t just raise the debt ceiling — we should abolish it.

It serves absolutely no purpose.

The only thing the debt ceiling actually does is give members of Congress a "trigger global financial crisis" button.

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rbreich, to random
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RT @imcivicaction
The modern Republican Party doesn't give a damn about democracy.

Let's not mince words — it's rapidly becoming the American Fascist Party.

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rbreich, to random
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Earlier this year, the FTC proposed a ban on non-compete agreements.

30 million workers are trapped by these contracts that make it nearly impossible for them to obtain better jobs in their industries.

The ban is estimated to increase wages by nearly $300 billion/year.

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rbreich,
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The proposed ban on non-competes is not a sure thing.

Corporate lobbyists and business groups are (of course) pushing back against the FTC.

Today is the last day to leave a comment in support of the ban: https://regulations.gov/docket/FTC-2023-0007/document

rbreich, to random
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The CEO-to-worker pay gap at America’s largest public companies is now 399-to-1. In 1965, the ratio was 20-to-1.

This explosion in CEO pay relative to the pay of workers isn’t because CEOs have become so much more valuable.

They've just gamed the system to line their pockets.

rbreich, to random
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Meta announced a $40 billion stock buyback two months ago.

The same corporations telling us they have no choice but to lay off workers are simultaneously spending huge sums enriching shareholders.

RT @MorePerfectUS
Meta, parent company of Facebook and Instagram, has announced another round of mass layoffs, with 4,000 workers getting the ax this time.

This is the 3rd round of mass layoffs, and under shareholder capitalism firing…
https://twitter.com/MorePerfectUS/status/1648688231649624064

rbreich, to random
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Dominion may have protected its trademark, but it hasn’t protected American democracy.

What about an apology from Fox? From Fox hosts? A confession of complicity in Trump’s big lie? A promise to stop lying in the future?

Nada. The grift continues. https://tinyurl.com/yjf4mytx

rbreich,
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Meanwhile, Trump continues to push his big lie.

Presumably, Fox News will continue to push it as well because, hey, it sells to the Trump base that Fox News helped create.

And that’s really what this is all about: Money.

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RT @rbreich
Today's GOP is devoted to three ideas:

  1. Power is only legitimate if Republicans wield it.
  2. Power must be acquired by any means necessary.
  3. The party is accountable to no one once it has it.

Folks, the Republican Party is rapidly becoming the American fascist party.

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RT @SenSanders
Instead of providing a $1.8 trillion tax break to billionaires by repealing the estate tax as Senate Republicans have proposed, we need to make the wealthiest people pay their fair share of taxes through a progressive estate tax. I have introduced a bill today to do just that.

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RT @GunnelsWarren
The GOP estate tax repeal bill would give:

$1.8 trillion to billionaires
$88 billion to the Walton family
$72 billion to Elon Musk’s family
$46 billion to the Bezos family
$0 to 99.9% of families

And they want you to know how deeply concerned they are about the national debt.

rbreich, to random
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Fox News will pay out $787.5M over their election lies. They should also be required to tell their viewers the truth.

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RT @inequalitymedia
Have you filed your taxes? Bet you paid a higher rate than these guys.

Never forget that the most egregious looting happens at the very top.

(Note: ProPublica calculated the "true tax rate" as a % of wealth growth.)

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