Robert ReichAug 30, 2023
I refuse to tolerate a system that lets the 500 richest people add $852 billion to their wealth in the past six months alone, but doesn’t raise the $7.25 federal minimum wage for over a decade.
Show threadStevens R Miller

@rbreich

In very round numbers, that additional wealth could have been $20,000 per person for the lowest 10% of America.

Just think what that would do for the economy as a whole.

Aug 30, 2023 at 4:10pmWeb
Show threadSeán FenianAug 30, 2023
@stevensrmiller @rbreich I've been saying for years that the way we manage a lot of things in the US economy is stupid, starting with the way that whenever the US Treasury issues new currency, it is injected directly at the top of the economic pyramid where all the wealth already is.

If all that same money were injected at the BOTTOM of the pyramid, the velocity of that money — and its impact on the economy — would be INCREDIBLE. It would have to pass through every single layer of the pyramid before ending up in the bankers' pockets.

What would be better yet, of course, would be to prevent it from landing in the bankers' pockets AND STAYING THERE.
Show threadDarwin WoodkaAug 30, 2023

@zakalwe @rbreich @stevensrmiller

exactly, the money is supposed to circulate and encourage economic activity, not sit in some fat fucking billionaire's bank accounts.

Show threadStevens R MillerAug 30, 2023

@darwinwoodka @zakalwe @rbreich

Revolution's comin'.

Show threadLillian Gifted NDAug 31, 2023

@zakalwe

We have a pyramid on the one dollar bill. Representing, I guess, the fact the whole economy is very much one giant pyramid scheme. /s

Show threadSeán FenianAug 31, 2023
@giftednd heh ... I'm pretty certain that's not the original intent of the symbology, but you know, you're not wrong.
Show threadMajelveyAug 31, 2023
@zakalwe @rbreich @stevensrmiller love it.