Scotusbios
Robert ReichWall Street banks are set to hit a trillion dollars in profit over the past decade.
Meanwhile, the net worth of middle-class families continues to decline.
Folks, this is unsustainable.
Vero@rbreich millions of people are dying in wars.
Yeap. Capitalism in America.
Bouriquet@rbreich This is a crime in many ways.
Unfortunately the criminals will never get properly punished for crimes against humanity.
Don’t feed me the spin about how profits get invested to help society. This kind of profit is purely unearned income, stolen from the pockets of those who work the hardest have the least money and pay the most to play the game.
It’s a fiscal pyramid, built by workers just like the ancient pyramids. A monument to excess.
Unfortunately the criminals will never get properly punished for crimes against humanity.
Don’t feed me the spin about how profits get invested to help society. This kind of profit is purely unearned income, stolen from the pockets of those who work the hardest have the least money and pay the most to play the game.
It’s a fiscal pyramid, built by workers just like the ancient pyramids. A monument to excess.
Rick@rbreich Had Eric Holder indicted the CEOs of the Wall Street securities fraudsters and Tim Geithner broken up the big banks, those blue collar Americans who lost homes, pensions, and jobs in 2008, would not have abandoned the Democratic Party in 2016. We needed a build-up from the bottom, not a bail-out for the top.
AvaE
Cultural Historian: Dr. RGST
antipode77Let me remind you of something highly interesting. 🤔
Rejecting inequality is deeply ingrained in us by evolution. Any government ignoring this fact is asking for a lot of trouble.
Capuchin's reject unequal pay.
https://m.youtube.com/watch?v=meiU6TxysCg
https://www.ted.com/search?q=Frans+de+waal
View : Moral behavior in animals.
OK, Who is Frans de Waal ?
https://en.m.wikipedia.org/wiki/Frans_de_Waal
#Equality #Economy #Philosophy #Injustice #Biology #Evonomics #Primates
Two Monkeys Were Paid Unequally: Excerpt from Frans de Waal's TED Talk
@rbreich Thank you Robert. Thank you!
Trailer Park OrthopodEven so, when banks were “too big to fail” we bailed them out.
Any support for Main Street is “a handout.”
The GOP has convinced its base to support billionaires over their own interests.
DamnKimberlee@rbreich as long as corporations are allowed to manipulate us into fighting each other to hide their crimes in our politics—what can we do?? 🙋♀️ we can join together and change our future! #WeAreTheGuardrails
Bill Hooker 😷At what point is it morally correct to burn these businesses to the ground? Banks, hedge funds, Insurance, HMOs?
Honestly, I'd already be doing it if I could figure out how to be sure nobody was in there. How else are we to fight back?
@batyalee 🌿@sennoma @rbreich Consumer Financial Protection Bureau (CFPB) is the part of government that is supposed to provide accountability to the public for bad behavior by financial institutions. The orange prez & his GOP Congress gutted it. But even though Biden & the Democratic-controlled Congress put it back together, it’s been mostly unable to rein in the greed.
Evan 
@rbreich “When the last tree is cut, the last fish is caught, and the last river is polluted; when to breathe the air is sickening, you will realize, too late, that wealth is not in bank accounts and that you can’t eat money.” — Alanis Obomsawin
David Scott Moyer@rbreich Returning to 1979 tax rates would solve the problem.
Ek Ong Kaar K Michaud@rbreich It doesn’t need to be sustained. Global warming is real, and we are headed for a very dire scenario in the next 10-15 years. They are taking what they can now. They have succeeded in tricking most of the population both about the theft of wealth and severity of climate change. Climate catastrophe is more like it.
KanagDotNet@rbreich unbalance in the income will be a major threat to the middle class as well as to the country economy across the world
Stop-the-MAGAss-Reich@rbreich Sure it is. Catch is that life expectancy for the average person may take a nose dive.
Billrm455@rbreich not for the banks...
Bob O Coon
Pete Johnson@rbreich
That's right. Just ask Louis XVI.
That's right. Just ask Louis XVI.
Doctor of ElectricityThe peasants, they have no bread!
(They won’t complain, though, as long as they have their guns and racism.)
Nicole ParsonsThe Gilded Age of the late 19th century was built by robber barons, oil oligarchs, railway tyrants, textile slavers, crooked bankers, and the brewery industry.
It took two global recessions, a pandemic, mass industrial death, and two world wars to bring that era to an end.
How will this iteration of hoarded wealth end this time?
The Skeptic's Book of Lists@Npars01 I never thought of it that way. Hrm. Good point.
What's odd is that it's the exact same industries funding Republican fascism now.
That "something for nothing" ideology of the ultra-wealthy is pernicious.
HenryHill1@rbreich I’ve been optimistic for 45 years, but it just gets worse. I’m numb now, I expect nothing else.
"Extinct" Onceler@rbreich Speaking this truth is insufficient. But we appreciate the facts.
It's time to devalue Wall Street.
beevo@rbreich have you read Megathreats? We got the whole package of societal detriment rolling right now, and arguing morons at the top with no real solutions.
Earthling@rbreich
The economic situation of many citizens makes them vulnerable to fascist ideologies. Democrats have to focus on improving social benefits payed for by companies and by the federal government immediately where the US lags behind. This is not only just and long overdue but also the best campaign argument for 2024: tax the rich, close tax loopholes and subsidies, universal health care, paid sick leaf, paid holidays, support unions, protect pregnant workers.
@vp
The economic situation of many citizens makes them vulnerable to fascist ideologies. Democrats have to focus on improving social benefits payed for by companies and by the federal government immediately where the US lags behind. This is not only just and long overdue but also the best campaign argument for 2024: tax the rich, close tax loopholes and subsidies, universal health care, paid sick leaf, paid holidays, support unions, protect pregnant workers.
@vp
The Saanich DailyCorprate feudalism is our future and not much can be done about it. Corporations now control all our jobs, food, energy, and water...and our politicians.
Brian Mulvey ☭@rbreich they don’t bloody care, they are driven by their never ending thirst for more and more
Tom Woods@rbreich "He was briefly Speaker of the House until he resigned after the 34th motion to vacate in April of 2023.
Dj Padzensky
Ligma Johnson@rbreich are you saying it was a mistake that Obama helped bail them out in 2008?
WilsonSmith@rbreich The stuff from which revolution grows upon !
Dr Joseph Young@rbreich The Middle Classes Are Revolting! -> https://vimeo.com/69010718
The Middle Classes Are Revolting!
Cath #FightForDecency@rbreich our global greed crisis continues.
Preston Walberg@rbreich I think we should refer to them as the #WealthHoarders
AutisticMumTo3@rbreich
And that of working class families is fast disappearing entirely
And that of working class families is fast disappearing entirely
Silvia Rasmussen@rbreich there’s a mr Buchanan, now presumably deceased, who would disagree with you. Do they realize when the wealthy have all the money and power the poor will no longer produce for them? At some point people get tired of being shat upon. Woe to those who stand in their way.
C0ppertop@rbreich We’re just a planet of coppertops, being harvested for our wealth, so that our overlords can buy billion dollar yachts, super models, expensive booze, cars and houses, and then tell each other how successful they all are at Davos.
Cindy@rbreich and those in power could care less as long as they stay in power.
Ricky Netzel@rbreich look around the world?at least we seem 2 be afloat 4now??care of the planet on back burner,,litterally??