@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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Trump insists on calling Manhattan DA Alvin Bragg "Soros backed" (posting the phrase at least 3x in the last 24 hours).

George Soros did not endorse or contribute to Bragg. By falsely connecting them, Trump is playing into a range of baseless antisemitic conspiracy theories.

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There are so many bad parts of Trump's economic agenda, I can't decide what's worst?

Which of these do you think is the worst?

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Trump called fallen service members "losers" and "suckers" — according to his chief of staff — he publicly accused soldiers with PTSD of not being "strong," demeaned POWs, and insulted Gold Star parents & a widow. When he pretends to honor service members today, don't believe it.

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If inflation comes up at the BBQ today, don’t forget to draw attention to a deeper structural driver of high prices: the concentration of the economy in the hands of a few corporate giants with the power to price-gouge, even as they rake in record profits.

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Justice Samuel Alito flew not one, but two pro-insurrection flags at his homes.

Alito not being forced to recuse from Trump's immunity case and upcoming Jan 6 cases tells you everything you need to know about the SCOTUS code of "ethics" established last year.

Hint: It's a sham.

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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.

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Boeing shareholders approved a $33M pay package for CEO Dave Calhoun, despite overseeing huge losses and safety problems.

It's the biggest package ever given to a Boeing CEO.

Calhoun is resigning by year's end. Guess what he gets then?

A $45 million golden parachute.

Unreal.

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Target's profit increased 49% to $4.1B last year, even with slower sales.

Its CEO received $18M in compensation on the year while the company paid $508M in dividends in Q4.

Makes you wonder if Target could have lowered its prices a lot sooner but just chose not to.

Hello?

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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.

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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.

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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.

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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.

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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

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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, to random
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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?

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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.

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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.

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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.

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