Robert ReichDec 4, 2022

Corporations are using inflation to justify massive price hikes, but are then using their record profits to buy back shares of their own stock and boost share prices.

It’s a scam that transfers wealth from the wallets of working people into the pockets of CEOs and shareholders.

Show threadMark Crocker

@rbreich how does this long thread not have a mention of Rep. Katie Porter's chat showing most off inflation is corporate profit?

https://www.politicususa.com/2022/10/22/factcheckers-agree-with-katie-porter-and-her-whiteboard-that-corporate-profits-drive-inflation-price-increases.html

Factcheckers Agree With Katie Porter And Her Whiteboard That Corporate Profits Drive Inflation Price Increases

Katie Porter's whiteboard got factchecked, and guess what. She is correct that corporate profits are behind inflation.

PoliticusUSA
Dec 5, 2022 at 12:36amWeb