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gumpfloyd

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rbreich , to Random
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Once again, I just want to say that lavish gifts to Supreme Court justices shouldn’t just be “disclosed.” They should be banned, outright. This should not be a radical position.

gumpfloyd ,
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@rbreich Evils of greed has made everything even the smallest act of kindness a radical act.

rbreich , to Random
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Why the "Fee Market" Isn't Really Free I 10 Economic Myths Debunked #5 https://www.youtube.com/watch?v=Pcz2yMnMDnM&utm_source=dlvr.it&utm_medium=mastodon

gumpfloyd ,
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@rbreich Oh its free, free for the companies and corporations to charge and sell you whatever. they want.with no guarantees or price limits.The Beast has been totally unleashed.

rbreich , to Random
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Billionaires aren’t just supporting Trump for the tax cuts.

As Peter Thiel once admitted: “I no longer believe that freedom and democracy are compatible.”

Make no mistake: The goal of American oligarchy is to tear down democracy itself.

gumpfloyd ,
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@rbreich They'll rue the day they turned to dictatorship.

rbreich , to Random
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Remember: Trump's jury was made up of ordinary citizens — selected with input from Trump's own lawyers. The jurors were not politicians or members of the "Deep State." They were Americans who did their civic duty.

gumpfloyd ,
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@rbreich The "deep state" should really be called the "Greed State" for which they are part of.

rbreich , to Random
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Memo to the media: Don't write about corporations suddenly lowering prices without mentioning how their profits have been skyrocketing or their tax bills have been shrinking. They could have kept prices lower all along. They chose note to. Give people the full picture.

gumpfloyd ,
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@rbreich Yet the greed apologist continue to blame everything else but the greedy people in these greed driven corporations.

rbreich , to Random
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The Appeal to Heaven flag isn't just tied to Jan 6.

It's a Christian nationalist symbol.

Christian nationalists believe that the law of the land is not the Constitution, but instead the law of God as they interpret it.

Do you see the problem with Alito flying this flag?

gumpfloyd ,
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@rbreich Oh they may get their answer from their appeal to Heaven but it may not be the one these hypocrites expect.

rbreich , to Random
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Memo to the media:

If you're trying not to "take sides" in a struggle between democracy and fascism, you've taken the side of fascism.

gumpfloyd ,
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@rbreich “Fascism should more properly be called corporatism because it is the merger of state and corporate power.” Some have sold their souls for profit years ago.

rbreich , to Random
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When Trump openly and repeatedly exclaims that migrants are “poisoning the blood of our country,” or shares a video calling for a “unified Reich,” he is literally echoing the language of Hitler.

Trump is not a “populist.” He’s not a “strongman.” He is a fascist.

Use the word.

gumpfloyd ,
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@rbreich The greed king.When you have totally rigged the system and no intention to ever change it, extremism seems to be their answer to the inequality they created.

rbreich , to Random
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Effective tax rates before and after the Trump tax law:

Verizon
Before: 21%
After: 8%

Walmart
Before: 31%
After: 17%

AT&T
Before: 13%
After: 3%

Walt Disney
Before: 26%
After: 8%

FedEx
Before: 18%
After: 1%

This is what a corporate giveaway looks like.

gumpfloyd ,
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@rbreich Of for and by the greedy and selfish.

rbreich , to Random
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The CEO-to-worker pay gap at America’s largest companies was 344-to-1 last year.

In 1965, the ratio was 20-to-1.

This explosion in CEO pay relative to the pay of workers isn’t because CEOs have become so much more valuable.

They've just gamed the system to line their pockets.

gumpfloyd ,
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@rbreich With no solutions but extremism,political theatre,more greed and corruption.

rbreich , to Random
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The FTC found evidence that a US oil exec colluded with OPEC in 2021 and 2022 to cut production and drive up prices.

The price-fixing scam is estimated to have cost Americans an extra $2,100 per year.

When I say corporate greed is driving inflation, this is what I mean.

gumpfloyd ,
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@rbreich The greed lords wouldn't do that would they?

rbreich , to Random
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How do we overcome the moral squalor of Trump? | The Coffee Klatch with Robert Reich https://www.youtube.com/watch?v=8UitHpSDJPQ&utm_source=dlvr.it&utm_medium=mastodon

gumpfloyd ,
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@rbreich By overcoming the moral squalor of greed until then the corruption of wealth will continue probably until our demise.

rbreich , to Random
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Corporate America’s playbook:

  1. Exploit workers to maximize profits
  2. Use profits to buy Congress
  3. Use Congress to pass union-busting laws
  4. Use union-busting laws to further exploit workers
  5. Rinse and repeat

How we break this cycle? Build back a powerful labor movement.

gumpfloyd ,
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@rbreich The world of the greedy and selfish full of cons and corruption.

rbreich , to Random
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Half of Amazon warehouse workers struggle with food and housing costs.

A third of the workers have had to rely on at least one government assistance program.

Amazon's stock hit an all time high in April. Jeff Bezos is now worth $203 billion.

This is what oligarchy looks like.

gumpfloyd ,
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@rbreich Its what out of control greed looks' like..

rbreich , to Random
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50 billionaire families have already spent $600 million on the 2024 elections.

More than half—$416 million—went to Republicans or conservative groups that want to extend Trump's tax cuts for the rich.

Could there be a clearer example of how big money corrupts our democracy?

gumpfloyd ,
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@rbreich And the only solution they have is more greed and more corruption.That's all they are selling.

rbreich , to Random
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S&P 500 companies bought back $181B of their shares in Q1 to pump up their value.

Buybacks are projected to reach $925B this year.

In 2025, they’re estimated to hit over $1 TRILLION.

Why is this driving inequality?

It's simple: the top 1% alone own roughly half of all stocks.

gumpfloyd ,
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@rbreich A society completely corrupted by wealth and greed.

rbreich , to Random
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Apple shares lost 10% of their value.

Then Apple announced plans to buy back $110 billion of its own stock.

After that, Apple shares had their best day since 2022.

There's a reason stock buybacks used to be considered illegal stock manipulations.

They should still be banned.

gumpfloyd ,
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@rbreich Money has been a manipulation since its inception.

rbreich , to Random
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Wondering if wealth inequality is out of control?

Well, Jeff Bezos made over $7.9 million an hour last year.

In just 13 minutes, he made the equivalent of what a typical person earns in a lifetime.

Don't tell me that the rich can't afford a wealth tax.

gumpfloyd ,
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rbreich , to Random
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Is this for real?! | The Coffee Klatch with Robert Reich https://www.youtube.com/watch?v=avk3c7XkmNE&utm_source=dlvr.it&utm_medium=mastodon

gumpfloyd ,
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@rbreich Invasion of the Greed Snatchers.The Demon Worm.

arstechnica , to Random
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Elon Musk’s X tried and failed to make its own copyright system, judge says

Judge rules copyright law governs public data scraping, not X’s terms.

https://arstechnica.com/tech-policy/2024/05/elon-musks-x-tried-and-failed-to-make-its-own-copyright-system-judge-says/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

gumpfloyd ,
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@arstechnica The Evil thought Inquisitor at it again.

rbreich , to Random
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The top 0.1% of Americans control $20 trillion in wealth.

The bottom 50% control $3.7 trillion in wealth.

Read that back.

Folks, this is what oligarchy looks like.

gumpfloyd ,
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@rbreich A greedarchy indeed.

rbreich , to Random
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America's 813 billionaires now collectively hold a record $5.8 trillion.

That’s more than the wealth of the entire bottom half of the US, roughly 65 million households.

It's not radical to tax the rich. It's radical to allow this level of wealth concentration to continue.

gumpfloyd ,
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@rbreich And that greed will continue.They continue to rig it to make it so.

rbreich , to Random
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FYI: Why are food prices out of control? | The Coffee Klatch with Robert Reich ft. Michael Pollan https://www.youtube.com/watch?v=2Y-Qu0a0MZA&utm_source=dlvr.it&utm_medium=mastodon

gumpfloyd ,
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@rbreich Because greed is out of control.

I have equally small use for the man, be he a judge on the bench or editor of a great paper, or wealthy and influential private citizen, who can see clearly enough and denounce the lawlessness of mob-violence, but whose eyes are closed so that he is blind when the question is one of corruption of business on a gigantic scale. Teddy Roosevelt’s attack on excessive concentration of wealth.

rbreich , to Random
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Clarence Thomas hearing Trump's immunity case, when his wife Ginni was directly involved in efforts to overturn the 2020 election, tells you everything you need to know about the Supreme Court's new code of "ethics."

It's a sham.

gumpfloyd ,
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@rbreich When it comes to greed and lusts for power there are no ethics.

rbreich , to Random
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I'm not saying we shouldn't worry about how China might be using TikTok to steal our data and manipulate us...

But why aren't we at least as worried about the U.S. billionaires who own the other apps stealing our data and trying to manipulate us?

gumpfloyd ,
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@rbreich There is no patriotism when it comes to making profit.

rbreich , to Random
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Reminder: Amazon and Space X are fighting in court to have the NLRB declared unconstitutional.

This means the two richest men on earth want to dismantle the agency that holds them accountable for union busting.

gumpfloyd ,
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@rbreich The greedy and selfish never stop rigging the game.

rbreich , to Random
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57 companies are responsible for 80% of global greenhouse gas emissions since 2016.

These companies include fossil fuel giants like Chevron, Shell, and BP, who have been raking in record profits.

The profits of Big Oil should not be more important than the future of our planet.

gumpfloyd ,
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@rbreich The greedy and selfish do not care about the future or the planet as long as their plundering can continue by any means.

rbreich , to Random
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The world's billionaires now hold a combined $14.2 trillion in assets.

That exceeds the GDP of every country in the world except the US and China.

And we’re supposed to believe the ultra-wealthy can’t afford a wealth tax?

gumpfloyd ,
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@rbreich Greed has corrupted humanity and Man's world to its core.

rbreich , to Random
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Trump’s team claimed that their tax law would boost household income by $4,000.

Well, the numbers are in.

New research shows that workers who earned less than $114,000 saw “no change in earnings.”

Meanwhile, top executive salaries increased sharply.

It was always a scam.

gumpfloyd ,
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@rbreich Absolute greed is absolutely out of control.

rbreich , to Random
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PSA: All billionaires under 30 — each and every one of them — have inherited their wealth.

“Self-made billionaires” are a myth.

gumpfloyd ,
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@rbreich Greed-made billionaire is more like it.

rbreich , to Random
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The top 10% of richest Americans own 87% of stocks.

The top 1% alone own roughly half of all stocks.

It's worth pointing out once again that the stock market is not the economy.

gumpfloyd ,
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rbreich , to Random
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44 million Americans — including 13 million children — are food insecure.

Meanwhile, America's 813 billionaires are now worth a combined $5.7 trillion.

Our problem isn’t an issue of resources.

Our problem is ever-expanding wealth inequality.

gumpfloyd ,
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@rbreich Yep greed is the problem until it at the very least it is brought under control the inequality will continue to grow.

rbreich , to Random
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Ever notice how forgiving loans is suddenly a big problem when students get much-needed relief, but nobody blinks an eye when billionaires get their PPP loans forgiven? Or when corporations are handed billions in subsidies?

gumpfloyd ,
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@rbreich Yeah absolutely not a peep when it comes to the greedy and selfish's free stuff.

rbreich , to Random
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If this country was truly “pro-life,” we would have Medicare for All, a Green New Deal, gun reform, universal child care, and a living wage.

The right-wing agenda isn’t about “life.”

It’s about control.

gumpfloyd ,
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@rbreich Its about money like it always is.

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