On the recordApril 4, 2022
It amounts to a redistribution from workers and consumers to shareholders.
Said by
Robert Reich
Source
congress.govIt amounts to a redistribution from workers and consumers to shareholders.
Reich highlights how stock buybacks benefit shareholders at the expense of workers.
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We’re not going to tolerate taking money from Medicaid, and food stamps, and nutrition, and possibly from Medicare as well, to give a big tax cut to the richest people in America when they’ve never been as rich.
He’s exactly right. And this is a time for people to say, 'No,' in a very mass way.
Jeff Bezos is worth $230 billion and is reportedly spending $20 million on a three-day wedding in Venice while sailing around on his $500 million yacht.