Phaethon

rbreich , 2 days ago to random

Debunking Myth #7: America is socialist https://robertreich.substack.com/p/debunking-myth-7-america-is-socialist?utm_source=dlvr.it&utm_medium=mastodon

rbreich , 8 days ago to random

Trump’s tax law cut the corporate tax rate from 35% to 21%.

What did corporations do with the money saved?

They didn’t invest it or raise wages.

They spent a record $1 trillion on stock buybacks the year after the law went into effect.

Nothing trickled down to workers.

rbreich , 2 months ago to random

Sunday caption contest: friendship https://robertreich.substack.com/p/sunday-caption-contest-support-6fc?utm_source=dlvr.it&utm_medium=mastodon

rbreich , 2 months ago to random

In one of Trump's weird Truth Social rants yesterday, he actually blamed Biden for making the U.S. dollar too strong vs. other nations' currency.

News flash: It doesn't work to simultaneously complain about inflation AND that the American dollar has too much purchasing power.

rbreich , 3 months ago to random

Trump's team weirdly keeps asking: "Are you better off than you were four years ago?"

March 2024: 303,000 new jobs added
March 2020: 701,000 jobs lost

Remember, Trump's mishandling of the pandemic made both the number of lives lost and the economic toll far worse.

w7voa , 3 months ago to random

“Several colleagues of one former White House correspondent for a major newspaper described them hosting a dinner party where all the food was served on gold-rimmed Air Force One plates, evidently taken bit by bit over the course of some time.” https://www.politico.com/newsletters/west-wing-playbook/2024/03/28/the-real-d-c-crime-wave-00149591

rbreich , 3 months ago to random

5 years of exec pay:

Tesla: $2.5 billion
T-Mobile: $675 million
Netflix: $652 million
Ford: $355 million

5 years of federal income taxes paid:

Tesla: $0 ($1M refund)
T-Mobile: $0 ($80M refund)
Netflix: $236 million
Ford: $121 million

Anyone else see the problem here?

rbreich , 3 months ago to random

Office Hours: Should Biden keep Kamala Harris as his running mate? If not, who else? https://robertreich.substack.com/p/office-hours-should-biden-keep-kamala?utm_source=dlvr.it&utm_medium=mastodon

rbreich , 3 months ago to random

This is how our government has been corrupted:

1. Donors give huge sums to elect politicians to office.
2. Elected officials rewrite the rules in the donors' favor.
3. Donors make a huge profit.
4. Repeat.

For the sake of democracy, we must get Big Money out of politics.

rbreich , 6 months ago to random

In separate legal rulings, Trump has been found to have committed rape, business fraud, and insurrection.

And yet he remains the Republican presidential front runner.

Don't ever tell me again that the GOP is the party of "family values" or "law and order."