Robert ReichJan 27, 2023

Seven Fed rate hikes in 2022 didn't dent corporate power to raise prices and profit margins. What should we do?

1. Windfall profits tax
2. Price controls
3. Antitrust enforcement

In other words: Take aim at corporate power, not working people hurting most from rising prices.

Show threadKarhald
@rbreich 'Use it or lose it' tax rates. Either re-invest your profits into the business and your people, or the government takes 90%.
Jan 27, 2023 at 10:30amWeb