KyleGoetzDec 16, 2022
Robert Reich

Relying exclusively on the Fed to raise interest rates puts most of the burden of fighting inflation on lower-wage workers.

As the economy cools, working people will be first to be fired.

Stop raising interest rates. Our target must be corporate profits.

Dec 14, 2022 at 9:11pmWeb
Show threadBMFDec 14, 2022
@rbreich I agree but can the Fed do anything about corporate profits? Congress would have to get involved.
Show threadSteven (but a Goblin) 💚Dec 14, 2022
@rbreich Man, it is good to see some of the older economists really get the modern state of economics.
Show threadMJ MuseDec 14, 2022
@rbreich your 100% right. Greed kills everything
Show threadMTBrisky ❄️Dec 14, 2022
@rbreich NO SH*T - my credit card interest rates are already at insane level.
Show threadFearlessJuanDec 14, 2022

@rbreich Congress will not enact any windfall tax since it's beholden to donors & lobbyists.

Any change must be preceded by the repeal of Citizens United and campaign finance reform.

I remember when Obama and Romney raised over 1,000,000,000 each for their presidential campaigns. How's that even possible?

Why are most of congress / senate members very wealthy people?

Is this a Gilded Age by another name?

Show threadTanziersDec 14, 2022
@rbreich Tax the rich. Stop monopolies
Show threadAnaKaye 🖖🦀🛸✒️Dec 14, 2022
@Tanziers @rbreich at this point I can't decide between "tax the rich" and "eat the rich". Either one could help with the grocery bill. One's just arguably faster.
Show threadTonyLDawsonDec 14, 2022
@rbreich solution: just like there are different lending rates depending on race, being a woman, credit rating.... it is time that there is a different rate aimed at large corporations, Monopolies and personal wealth (not lack thereof).
Show threadAnaKaye 🖖🦀🛸✒️Dec 14, 2022
@rbreich exactly what I was shouting at the radio a little while ago when this was mentioned on the news. It's like they WANT everyone at the bottom of the heap to be broke.
Show threadJohn Yarlett aka Scooby62Dec 14, 2022
@rbreich unfortunately "tax the rich" works well as a slogan for the average Joe but doesn't go down so well with the party donors
Show threadStephen J KimberDec 15, 2022
@rbreich
Same is true in Oz; the joys of neoliberal economising are that those who can least afford to pay most often do.
Show threadJeff TownDec 15, 2022
@rbreich here's an idea, tax the people/corps that have the most money, instead of just the poor.
Show threadAndrew StrandDec 16, 2022
@rbreich Genuinely enticing saving’s opportunities wouldn’t hurt.
Show threadDennis WalkerDec 20, 2022
@rbreich help!