Robert Reich

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Republican megadonor Peter Thiel claims he's a “libertarian,” but knows damn well the GOP doesn’t really believe in personal freedom. It’s busy intruding on bodily autonomy, pushing book bans, and suppressing votes. Billionaire donors want only one thing: more tax cuts.
Amazon workers in San Bernardino, CA held a walkout today in protest of low pay and terrible working conditions. The workers are asking for a $5 raise. Amazon reported a record $35,000,000,000 in pretax income last year. The least it can do is fulfill these workers' demands.
Celebrities have been shamelessly peddling crypto. In November, Mark Cuban said that Voyager was "as close to risk free as you’re gonna get in the crypto universe." Voyager went bankrupt in June. Believe me when I tell you this: They're selling you snake oil.
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What do you think happens if Trump runs in 2024 and these are the election officials in charge of certifying results?
54 of the 87 GOP nominees for battleground offices with a say in election certification have questioned the 2020 results: 12 of 13 candidates in Arizona 13 of 19 in Georgia 10 of 16 in Michigan 5 of 9 in Nevada 10 of 19 in Penn. 4 of 11 in Wisconsin wapo.st/3SNe0wN
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To every lawmaker: This is the starting line, not the finish line. twitter.com/AdyBarkan/stat…
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Why are Republicans in Congress complaining about increased IRS enforcement? The richest 1 percent of Americans evade as much as $163,000,000,000 in taxes every year. That's who they're trying to protect.
On average, prescription drug prices in the US are 256% more expensive than they are in similar countries. Enabling Medicare to negotiate drug prices will lead to significant cost reductions for millions of Americans. Don’t forget that every single Republican voted against it.
The Inflation Reduction Act includes some critical provisions that will benefit millions of Americans. Does it include everything we need? No. This is why we need a real majority that won't have to compromise with Manchinema. Let’s celebrate this win, and organize for more.
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Skyrocketing housing costs. A broken health care system. A decaying media. It can all be tied back to one thing: private equity. The industry is getting rich by making your life more expensive — and bankrolling politicians who do their bidding.
We are Inland Empire Amazon Workers United! We are the people who work at KSBD, @amazon’s air freight fulfillment center in #SanBernardino, CA. We are organizing for: ✅ a $5 pay increase ✅ improved health & safety standards ✅ an end to retaliation Here's our story 🧵w
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Celebrities have been shamelessly peddling crypto. In November, Mark Cuban said that Voyager was "as close to risk free as you’re gonna get in the crypto universe." Voyager went bankrupt in June. Believe me when I tell you this: They're selling you snake oil.
Yes, indicting a former president would be unprecedented. Do you know what was also unprecedented? The first attempted coup in the 233-year history of American democracy. Prosecute Donald Trump.
From my Washington diary: April 20, 1994: “There’s a new breed. They don’t care about getting anything done. All they want to do is tear things down. The right wing is gaining ground. It will be our undoing, eventually." robertreich.substack.com/p/the-origins-…
The Origins of Trumpism (Part 4): Gingrich on Robert Reich robertreich.substack.com/p/the-origins-…
The wealthy now own more of the economy than at any time since the 1920s, but only spend a fraction of their wealth. Meanwhile, lower-income people spend almost everything they have to survive. At some point, widening inequality could cause the entire economy to collapse.
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Socialism is a scare word they've hurled at every advance the people have made. Socialism is what they called public power, social security, deposit insurance, and independent labor organizations. Socialism is their name for anything that helps all people. --Harry Truman, 1952
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We almost take for granted big corporate money in American politics. But it started with the Powell memo. robertreich.substack.com/p/the-worst-me…
Joe Manchin has been Congress’s largest recipient of money from natural gas pipeline companies. How does he return the favor? By gaining Senate support for the Mountain Valley pipeline in West Virginia and expediting approval for pipelines nationwide. Get money out of politics.
Price increase of insulin since introduction: Eli Lily: ⬆️ 680% since 1996 Sanofi: ⬆️ 420% since 2000 Novo Nordisk: ⬆️ 400% since 2000 Here's a radical idea. Americans should not die without the medication they need because drug companies want to make even bigger profits.
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A @JaneMayerNYer tour de force connecting the increasingly extreme politics of state legislatures like Ohio's on issues like abortion to gerrymandering and big money in politics (given the green light by an increasingly extreme Supreme Court). A must read: newyorker.com/magazine/2022/…
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I’m not an alarmist, and I tend to see bottles half full. Still, the votes coming in from key states during primaries the past few weeks are getting me nervous. Defeating these anti-democracy candidates is essential, but it won’t be easy. Your thoughts? robertreich.substack.com/p/yikes-electi…
Pennsylvania Republicans nominated Doug Mastriano for governor. He pushed to overturn PA's 2020 results. Arizona Republicans nominated Kari Lake for governor. Lake said she wouldn't have certified Biden’s 10,000-vote victory in AZ. The list of terrifying primary wins goes on.
Socialism is a scare word they've hurled at every advance the people have made. Socialism is what they called public power, social security, deposit insurance, and independent labor organizations. Socialism is their name for anything that helps all people. --Harry Truman, 1952
87 years ago today, Social Security was created. It was called socialism as a scare tactic.
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What a Scandalously High Return on Investment Private equity gives Kyrsten Sinema $1 million in contributions Sinema blocks tax increase on carried interest, securing a $35 billion exemption for private equity That''s a 35,000-to-1 return on investment pbs.org/newshour/polit…
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SCOTUS is off the rails. Some ideas for reform: 1) Enact term limits 2) Enforce ethics standards 3) Require financial disclosures 4) Expand the court 5) Rotate justices One thing is for certain: we cannot allow the extremists who have hijacked the Court to go unchecked. twitter.com/imillhiser/sta…
Some Democratic pundits argue that Dems must move to the “center” in order to win. Where is the center? Halfway between democracy and fascism? Midpoint between social justice and oligarchy? If Dems have to go either of these places in order to win, what’s the point of winning?
The wealthy now own more of the economy than at any time since the 1920s, but only spend a fraction of their wealth. Meanwhile, lower-income people spend almost everything they have to survive. At some point, widening inequality could cause the entire economy to collapse.
Rent increases are forcing a violent cycle of poverty, inflation and homelessness in the U.S., says @taraghuveer. "Rent is not an expense in your monthly budget that you can simply choose to cut back on. The alternative is homelessness, [and] homelessness is being criminalized."
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Larry Summers has close financial ties to subprime lenders and Wall Street banks like Citi, which stand to financially benefit if the Fed triggers a recession to fight inflation. prospect.org/economy/why-is…
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By the way, 94% of teachers have had to dip into their own pockets to buy school supplies. It would take the typical teacher almost four years to make the average Wall Street employee bonus ($257,500). I’m guessing Wall Street firms don’t make traders pay for their own pencils.
Thinking a lot about Adam Schiff’s words this week: “He has betrayed our national security, and he will do so again… You cannot constrain him. He is who he is. Truth matters little to him. What’s right matters even less, and decency matters not at all.”
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Liz Cheney and the Dick Morris paradox on Robert Reich robertreich.substack.com/p/dick-morris-…
Thinking a lot about Adam Schiff’s words this week: “He has betrayed our national security, and he will do so again… You cannot constrain him. He is who he is. Truth matters little to him. What’s right matters even less, and decency matters not at all.”
The next time you hear Republicans in Congress complaining about increasing IRS enforcement, remember that the richest 1 percent of Americans evade as much as $163,000,000,000 in taxes each year. That’s who they’re trying to protect.
Sunday caption contest: lineup on Robert Reich robertreich.substack.com/p/sunday-capti…
The Citizens United disaster, in a nutshell: In 2008, before the ruling, billionaires contributed $31 million to federal campaigns. In 2020, billionaires contributed $1.2 billion. That’s a 40-fold increase. It never had to be like this.
So the guy who praised dictators around the world ran off with classified documents. I’m shocked.
Repeat after me: Get Big Money out of politics. bit.ly/3dtlQey
So wait, the same Republicans in Congress who claim to be pro-life also voted against making life-saving insulin more affordable?
My latest thoughts on the FBI search of Mar-a-Lago and the Inflation Reduction Act. robertreich.substack.com/will-we-get-lo…
Will we get lost in the fog of Trump? on Robert Reich robertreich.substack.com/p/will-we-get-…
Why does it matter that Dems are finally enabling Medicare to negotiate drug prices? On average, prescription drug prices in the U.S. are 256% more expensive than they are in similar countries. Republicans clearly don't give a damn.
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It's telling when news about you pleading the Fifth over 400 times during a deposition about financial fraud is overshadowed by the FBI raiding your home during an unrelated investigation into violations of the Espionage Act.
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UPS saves $185 upfront by deleting AC from vehicles. Is it worth it when drivers are being hospitalized and dying because of heat exhaustion?
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The IRS is set to receive its largest funding increase in years thanks to the Inflation Reduction Act. You know who should be worried about this? Wealthy Americans who dodge taxes!
The Inflation Reduction Act includes some critical provisions that will benefit millions of Americans. Does it include everything we need? No. This is why we need a real majority that won't have to compromise with Manchinema. Let’s celebrate this win, and organize for more.
Every Republican just voted *against* enabling Medicare to negotiate and lower drug prices, empowering the IRS to go after super-rich tax dodgers, and taxing profitable corporations to invest in the people. And they call themselves the party of the working class?
BREAKING: In a landslide election, workers at a Trader Joe's in Minneapolis, MN voted to unionize. Final count: 55-to-5 They are the 2nd store to do so out of more than 500 TJs locations. They joined the independent @TraderJoesUnite, which won 1st union in MA in July
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