Mr. President, the American people are increasingly outraged by the level of corporate greed that we are seeing in this country. As you know, while prices are rapidly increasing, corporate profits are soaring: in the oil industry in what we pay at the gas pumps; in the food industry in what we pay in grocery stores; in housing and in so many other areas. Meanwhile, while the very, very rich get richer, because of inflation, many workers are now seeing a decline in their real wages. During this pandemic, unbelievably--and I hope that everybody knows this--while workers have been struggling, the billionaire class, people who are worth at least $1 billion, have seen a $2 trillion increase in their wealth; and the level of income and wealth inequality today is the highest that it has been in over 100 years. Two people--Mr. Musk and Mr. Bezos--now own more wealth than the bottom 42 percent of American society--over 130 million people. Two people own more wealth than the bottom 130 million Americans. In the midst of all of this--inflation, inequality, corporate greed-- working people have declared loudly and clearly that enough is enough. We must end the corporate greed that is hurting so many of our families. Workers are now fighting back in a way that I have not seen for a very long time to improve their standard of living, to get the wages and benefits they desperately need, and to get a seat at the negotiating table in a way that has not taken place in a very, very long time.…
On the recordApril 26, 2022
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