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NEW POLL w/
@DataProgress: A majority of voters blame large corporations for taking advantage of the pandemic to unfairly raise prices for profit, and a bipartisan majority strongly support policies to address monopoly behavior & corporate profiteering. https://groundworkcollaborative.org/news/new-poll-voters-convinced-that-corporate-greed-is-driving-inflation/ …pic.twitter.com/z9sKKocb5j
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A HUGE congrats to
@IndivarD! We can't wait to work you in your new role at@CLASP_DC!https://twitter.com/CLASP_DC/status/1505937875954765827 …
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Sustained investments in our social infrastructure — including our care economy, the Child Tax Credit, health care & more — will secure a stronger, more stable and more equitable economy for future generations.
#WeAretheEconomy More from@mlholder999
https://thehill.com/opinion/finance/598577-build-back-better-is-in-limbo-without-its-social-programs-the-economy-will-be?rl=1 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Groundwork's chief economist
@rakeen_mabud lays out the clear case that corporations – not workers – are to blame for recent price hikes & has the data to prove it. Don't miss her recent piece in@Salon
https://www.salon.com/2022/03/18/stop-blaming-workers-for-inflation-corporate-greed-is-a-much-bigger-factor/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Large corporations are not "price takers" — they're "price makers."
@Eli_B_Cook details how economists ignore the link between profits & soaring priceshttps://prospect.org/economy/we-need-to-talk-about-profits/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Listen: A good overview from The Daily on the dangers of curbing inflation through blunt monetary policy & the trade offs for consumers, with Federal Reserve and economy reporter @jeannasmialek of the@nytimeshttps://podcasts.apple.com/us/podcast/the-daily/id1200361736?i=1000554188337 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
NEW research from
@GCPIEconSec finds that concentrated market power contributes to economic insecurity and hardship in low-income communities and communities of color https://www.georgetownpoverty.org/issues/concentrated-power-concentrated-harm/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Corporations have been padding their bottom lines on the backs of consumers & inquiring minds want to know more. More from
@CongressmanRaja@RepKatiePorter &@OversightDems on letters to@Avis &@Hertz about the significant increase of rental car prices.https://oversight.house.gov/news/press-releases/chairman-krishnamoorthi-rep-porter-seek-information-from-rental-car-companies-on …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
"Ignoring profits is not just an intellectual problem, but a political and social one. Never has it been more glaring." Must-read piece from
@Eli_B_Cook in@TheProspect on how economists routinely ignore this fundamental set of data about the economyhttps://prospect.org/economy/we-need-to-talk-about-profits/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Corporations are eagerly jacking up prices amid a global crisis — and blaming workers for demanding fair wages. NEW from
@rakeen_mabud in@Salon on why it's time to take on corporate power to create an economy that actually works for workers.https://www.salon.com/2022/03/18/stop-blaming-workers-for-inflation-corporate-greed-is-a-much-bigger-factor/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Groundwork Collaborative Retweeted
Amazing piece here from
@Eli_B_Cook on the history of how economists precisely measure wages and prices and unemployment rates, but do almost no analysis of profits.https://prospect.org/economy/we-need-to-talk-about-profits/ …Show this threadThanks. Twitter will use this info to make your timeline better. UndoUndo -
Groundwork Collaborative Retweeted
the corporate urge to jack up prices and then blame workers new from me in
@Salon:https://www.salon.com/2022/03/18/stop-blaming-workers-for-inflation-corporate-greed-is-a-much-bigger-factor/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Groundwork Collaborative Retweeted
The U.S. economic system is designed to favor corporate interests over human well-being. In our latest, we examine the effects of market concentration & monopoly power on people of color & low-income consumers & workers.
@CaraBrumfield@AdiamTesfasela1 http://bit.ly/3td0Z4F pic.twitter.com/4JUeguA1Rd
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Corporations are quick to blame this new reality on the pandemic or the war in Ukraine, but another major culprit is hiding in plain sight: their own profiteering. More from
@owenslindsay1 on inflation and high priceshttps://www.peoplesworld.org/article/its-not-just-inflation-its-price-gouging/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Oil and gas companies are profiteering from the pandemic, inflation & war, and it's time for consumers who are suffering to get some relief.https://www.thenation.com/article/politics/russia-oil-tax/ …
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Groundwork Collaborative Retweeted
Markets were always concentrated and financialized and corporations were always greedy and out to make a buck. What we are witnessing is what happens when opportunity and greed/shareholder primacy/market power collide. 2/2
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.
@SenWarren on the racial disparities in the student debt crisis and the case for forgiveness: After 20 years of paying student debt, white borrowers owe 5% of the original loan. Black borrowers owe 95%.pic.twitter.com/wVB2ILtYYO
Pod Save America
Elizabeth Warren Calls for Biden to Cancel $50K in Student LoansThanks. Twitter will use this info to make your timeline better. UndoUndo -
Since the 1970s, wages for the bottom half have stagnated, while CEOs and executives at the top have seen their incomes increase 940%. It is critical we start
#ShiftingCorporateFocus to promote shared prosperity. Watch the@JECDems hearing
https://www.jec.senate.gov/public/index.cfm/hearings-calendar?ID=AC1BE278-DE25-4BD3-B25B-144A2CBF4984 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Groundwork Collaborative Retweeted
While facing allegations of unsafe working conditions and poor compensation, "Walmart, and now Amazon, both spend billions of dollars on stock buybacks that could have been instead invested in their employees,”
@lenorepalladino told@JECDems.https://www.wsj.com/articles/stock-buybacks-are-on-course-for-another-record-11647304495 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Make no mistake: next time you experience sticker shock in the checkout line, it’s a safe bet that corporate executives and shareholders are reaping the rewards. More from Groundwork's
@owenslindsay1
https://www.minnpost.com/community-voices/2022/03/its-not-just-inflation-its-price-gouging/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Too many people are struggling to afford gas at the pump while Big Oil rakes in record profits. It's time for policymakers to address this flagrant profiteering by oil and gas companies.https://twitter.com/POTUS/status/1504073842871963653 …
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