Robert Reich
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Robert Reich -- To be "Borked": My odd friendship with Robert Bork robertreich.substack.com/p/borked-my-fr…
The next time you hear Republicans in Congress complaining about the debt ceiling, remember that approximately 25% of the total national debt was incurred during the Trump administration.
The notion that Republicans care about the debt is one of the biggest lies in politics.
Robert Reich -- Sunday caption contest: DeSantis's class robertreich.substack.com/p/sunday-capti…
This has always been the GOP's strategy:
1) Cut taxes for the wealthy & corporations by claiming they'll pay for themselves.
2) Explode the deficit.
3) Demand cuts to Social Security and Medicare.
4) Repeat.
Don't let them get away with it.
After raking in record profits, Chevron has announced that the company will buy back $75 billion of its own shares.
Oil and gas companies jacked up prices to line their own pockets at the expense of the American people.
The “both-sides" reporting on the debt ceiling by the mainstream media is preposterous.
This fight is being waged solely by the Republican Party.
When Trump was in power, Republicans voted to increase the debt limit three times. Now they refuse.
The GOP owns this crisis.
Retweeted by Robert Reich Billionaires lost $1.9 trillion in 2022.
Elon Musk lost $115 billion.
Jeff Bezos lost $80 billion.
Mark Zuckerberg lost $78 billion.
None of this has any real consequence on their daily lives.
Hoarding wealth like this is grotesque.
Never forget that the 25 richest people in America paid a true tax rate of just 3.4% between 2014 and 2018 on over $400 billion in wealth gains. The rest of America paid an average of 13.3% in 2018.
So the most dangerous traitor in recent American history gets back his giant megaphone because a corporate behemoth decided it’s time to have him back?
There are ~393 million firearms in America, which has a population of roughly 334 million. Americans are outnumbered by our own instruments of death.
Corporations aren’t even plowing their extra profits into new investments that would generate higher productivity in the future. They’re buying back their shares to boost stock prices.
Through the end of last year, American firms announced stock buybacks exceeding $1 trillion.
Robert Reich: Should Trump get back his giant megaphones? robertreich.substack.com/p/should-trump…
Seven Fed rate hikes in 2022 didn't dent corporate power to raise prices and profit margins. What should we do?
1. Windfall profits tax
2. Price controls
3. Antitrust enforcement
In other words: Take aim at corporate power, not working people hurting most from rising prices.
UPDATE: Union Pacific, one of the railroads that successfully fought off workers' demands for paid sick days, announced a record $7 billion profit. The company said it spent $1.7 billion more on stock buybacks in 2022 than on pay and benefits for all of its employees.
Retweeted by Robert Reich Within the first week of Congress, the GOP intro'd a bill that would kill the IRS.
What would it put in its place?
A national sales tax that would let the rich off the hook AND make working people pay more.
It won’t pass, but what does this say about the GOP’s priorities?
39 mass shootings in America in the first 3 weeks of 2023.
Firearm injuries are now the leading cause of death among people younger than 24.
2,070 unintentional shootings by children under 18 from 2015 - 2020.
This is what American exceptionalism looks like.
The “both-sides" reporting on the debt ceiling by the mainstream media is preposterous.
This fight is being waged solely by the Republican Party.
When Trump was in power, Republicans voted to increase the debt limit three times. Now they refuse.
The GOP owns this crisis.
Fox News is after me again, but this time they’re throwing eggs. I'm always amazed at the extremes to which right-wing outlets will go to stop talk of corporate greed. When it comes to the corporate monopolization of eggs, the people shouldn’t go over easy.robertreich.substack.com/p/when-fox-new…
Robert Reich: When Fox entered the hen house robertreich.substack.com/p/when-fox-new…
Why the hell is Zuckerberg giving Donald Trump a free pass to lie and incite violence?
The last time Trump’s election lies went unchecked, he abused his massive online megaphone to incite the violent January 6th insurrection — which led to his ban in the first place.
Let’s be clear: If we allow a former president to completely avoid accountability for inciting an insurrection against the U.S. government, we will be inviting it to happen all over again.
Prosecute Donald Trump.
Retweeted by Robert Reich Guns killed more than 44,000 people in the U.S. last year.
Gun violence is the leading cause of death for American children.
We know that gun laws work. So why can’t we act?
Please share your thoughts below.
robertreich.substack.com/p/office-hours…
Retweeted by Robert Reich “When Trump occupied the White House, Republicans voted to increase the debt limit three times without incident. Over the last quarter century, it has been raised over a dozen times.” robertreich.substack.com/p/five-truths-…
Retweeted by Robert Reich Have you ever been forced to sign a non-compete agreement? They’re egregious.
These clauses keep workers trapped in their jobs, depriving them of higher wages and better working conditions.
In major news, the FTC proposed a sweeping ban on non-competes. That’s huge.
Now seems like a good time to remind you that the debt ceiling increased three times under Trump. There was no holding the economy hostage. There was no drama at all.
As inflation and rate hikes hurt working people, corporations are thriving.
Corporate profits surged to a record $2.08 trillion in Q3 of 2022.
Why is the Fed putting the onus of fighting inflation on workers, not the corporations responsible for rising prices?
Ranked choice voting is currently being used by 13 million voters in the U.S.
It makes elections less painful, less expensive, and more responsive to what people actually want.
It should be instituted across the country.
CEO pay of top 5 weapon makers:
General Dynamics: $23.5M
Raytheon: $21.8M
Boeing: $21.1M
Northrop Grumman: $19.9M
Lockheed Martin: $18.1M
How is this possible? American taxpayers.
Over $400 billion of the new $850B military budget will be funneled to private contractors.
Guns killed more than 44,000 people in the U.S. last year.
Gun violence is the leading cause of death for American children.
We know that gun laws work. So why can’t we act?
Please share your thoughts below.
robertreich.substack.com/p/office-hours…
Mass shootings in the US:
2014: 273
2015: 336
2016: 383
2017: 348
2018: 336
2019: 417
2020: 610
2021: 690
2022: 647
In the first three weeks of 2023: 39
We do not have to live like this. No other country on the planet does.
Retweeted by Robert Reich Why not let people vote for the candidates they actually like, instead of forcing them to vote against candidates they hate?
Ranked choice voting is the answer.
Retweeted by Robert Reich There have been 39 mass shootings in America in the first 3 weeks of 2023.
That number was 36 yesterday.
End the filibuster. Pass gun control. Now.
In a landmark enforcement action today, the Department of Justice sued Google for monopolizing the digital advertising industry.
This is a huge step in the right direction. We must break up Big Tech.
Retweeted by Robert Reich If Republicans actually gave a crap about controlling the debt, they’d repeal the Trump tax cuts or pass taxes on the rich. But we all know this isn’t about that. This is a backdoor ploy to force cuts to Social Security and Medicare. We cannot let them get away with this.
If you'd like to learn more about the benefits of ranked choice voting, be sure to check out @fairvote. Their resources were incredibly helpful to our team during the production of this video. fairvote.org/our-reforms/ra…
7.52 for eggs? That’s higher than the min wage!
Enough with corporations profiting while workers get squeezed. It’s disgusting.
vice.com/en/article/qjk…
Retweeted by Robert Reich Why not let people vote for the candidates they actually like, instead of forcing them to vote against candidates they hate?
Ranked choice voting is the answer.
Let’s be clear: If we allow a former president to completely avoid accountability for inciting an insurrection against the U.S. government, we will be inviting it to happen all over again.
Prosecute Donald Trump.
Mass shootings in the US:
2014: 273
2015: 336
2016: 383
2017: 348
2018: 336
2019: 417
2020: 610
2021: 690
2022: 647
In the first three weeks of 2023: 39
We do not have to live like this. No other country on the planet does.
NEW: Walmart is raising its minimum pay from $12 to $14 to better attract workers. Its average wage will rise to $17.50/hr.
The median Walmart associate now makes $24,960. CEO Doug McMillion made $25.7M, creating an astronomical CEO-to-worker pay ratio of 1029 to 1.
Retweeted by Robert Reich Australia took action on guns after a mass shooting. Gun deaths fell by over 50%.
Britain tightened gun laws after a mass shooting. Gun deaths dropped by almost 25%.
New Zealand banned most semi-automatic weapons immediately after a mass shooting.
Only America refuses to act.
Robert Reich: Five truths about the pending debt-ceiling fight that the mainstream media doesn't want you to know robertreich.substack.com/p/five-truths-…
Federal minimum wage in:
2009: $7.25
2010: $7.25
2011: $7.25
2012: $7.25
2013: $7.25
2014: $7.25
2015: $7.25
2016: $7.25
2017: $7.25
2018: $7.25
2019: $7.25
2020: $7.25
2021: $7.25
2022: $7.25
The result: It's now worth 41% less today than it was in *1968*.
Retweeted by Robert Reich The discussion about Biden’s reelection conflates five different questions that need to be thoroughly debated. Let me explain: robertreich.substack.com/p/should-joe-b…
Never forget this: The GOP’s nonsensical culture war is meant to distract you from corporate corruption, worker oppression, and staggering wealth inequality.
Egg prices are up 138%. We're calling BS on the excuses:
Avian flu? Avg flock size dropped 6% but no substantial drop in production.
Inflation? Cal-Maine's production costs were just 22% higher than in 2021.
Cal-Maine had a 10x increase in gross profits. This is price gouging.
Retweeted by Robert Reich In the 1920s, 30s and 40s, there were at least 30 different domestic airlines in the U.S.
Now the 4 largest airlines control 84% of the market.
This is how companies like Southwest can meltdown, treat customers and staff like garbage, and then face little to no consequences.
If you want to learn more about corporate power and the egg industry -- including the overstated impact of the avian flu on egg pricing by large firms like Cal-Maine -- I recommend reading this: farmaction.us/wp-content/upl…
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