rbreich

rbreich, 32 minutes ago to random

The Biden Admin's rule limiting credit card late fees was set to begin tomorrow.

But a Trump-appointed judge blocked it at the request of the Chamber of Commerce — costing U.S. families an estimated $27 million a day.

MAGA and corporate interests want to keep ripping you off.

rbreich, 1 hour ago to random

Trump referred to himself as “the builder president" who would fix America's roads and bridges.

The only thing he built was a tax code rigged for the rich.

Meanwhile, the Biden Admin has announced $454 billion in infrastructure projects in all 50 states.

The contrast is clear.

rbreich, 11 hours ago to random

America’s second civil war? It’s already begun https://robertreich.substack.com/p/americas-second-civil-war-has-already?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 23 hours ago to random

Lack of affordable childcare forces working moms to take unpaid time off & pass up good jobs, costing the average working mom of two ~$94,000 in lost income over their career.

Republicans (and Manchin & Sinema) have repeatedly blocked investments in childcare. Do they hate moms?

rbreich, 1 day ago to random

Did student protesters affect Biden's decision? https://robertreich.substack.com/p/student-demonstrators-and-bidens?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day ago to random

Many of same Republicans in Congress sharing Mother's Day wishes also oppose paid family leave and universal childcare. Hello?

rbreich, 1 day ago to random

73% of mothers with kids under 18 are in the workforce. More than flowers or brunch, working moms need:

• Paid family leave
• Equal pay
• Universal childcare

(But get your mom flowers, too)

rbreich, 1 day ago to random

Sunday caption: His thoughts? https://robertreich.substack.com/p/sunday-caption-his-thoughts?utm_source=dlvr.it&utm_medium=mastodon

rbreich, 1 day 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, 2 days 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, 2 days 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, 2 days 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, 2 days 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, 2 days 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, 2 days 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, 2 days 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, 2 days 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, 3 days 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, 3 days 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, 3 days 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, 3 days 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, 3 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, 3 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, 4 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, 4 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.