Kyrsten Sinema does like and is supportive of this loophole. I don’t know why. Could it be because she has been a big recipient of Wall Street money? Maybe.
Robert Reich
The Public Record
American political economist (1946–)
The decline of unions, rampant corporate greed, Wall Street malfeasance and the rise of short-sighted politics all contributed to increased economic inequality, widespread real unemployment, wage stagnation, and a lower standard of living…
If we are dependent on fewer and fewer big corporations, we are more and more vulnerable.
Well, they have to do with corporate power to raise prices in the sense that corporations now--and we know this--have a higher degree of profitability than they have had in 70 years.
Absolutely. That is kind of a principle that I think is easily understood. If you are in a competitive market, you are going to do everything you possibly can do to keep your prices down.
What we saw with regard to this Abbott Nutrition is that they simply wanted to make their investors richer.
Before 1984, the Securities and Exchange Commission did not allow buybacks. This was considered to be market manipulation.
It makes the entire system and American consumers very vulnerable when you have only one major producer.
There are two problems, and they are related. One has to do with concentration.
If we had and every American family had access to good high quality childcare, that would enable so many more people in the United States to work.
Tax windfall profits, profits of large corporations that exceed their average profit level from 2015-2019.