CNBC just noted that half of Under Armour's profit is coming from tariff refunds, and that broadly the refunds are propping up corporate profits.
Weird those refunds aren't going to consumers. Also weird prices aren't coming down. Almost as if tariffs don't drive inflation.
DSA Co-Chair Megan Romer says "We believe in taxing the hell out of millionaires."
She then struggles to explain what that actually means:
Remnick: "What does 'taxing the hell out of them' mean?"
Romer: "Yeah. You know, again, I don't have, like, a solid…"
Remnick: "But shouldn't you?"
Romer: "Ummmmm, that's a good question."
Remnick: "If you're the co-chair of the DSA, shouldn't you be more specific than just taxing the hell out of something? What exactly do you mean?"
Romer: "So again, it's democracy, right?…"
This is the Democrat party 'Big Tent.'
@skaushik100 Ok finally getting back to you here. I agree with a lot of what you’re saying, esp that many voters still hold positive associations with capitalist success. But I really don’t see his message in this clip resonating; measuring how many billions is legitimate isn’t a winner rn.
INBOX: Mayor Wilson is about to drop new legislation to bar large grocery retailers from using personal info (employment status, race, gender, social media, browsing history, chatbot convos) to set different prices for different customers. Rally at 8:45am Friday!
From the picket line to the halls of the U.S. Senate, we know that @AbdulElSayed has our back. We're going to fight like hell to make sure in November we're celebrating another victory on election night.
UAW President Shawn Fain: “Shop floor conversations beat Wall Street's checkbook. We backed Abdul because he answers to workers—not billionaires or corporate PACs.”
@skaushik100 I think voters can tell the difference between “i share your anger about income inequality/rigged economy” and “i’ve been told by consultants and polls that i should gesture at income inequality”
It really would be ideal if socialist candidates in America stuck with the popular parts (spend lots on services) and not the shit like Thanksgiving is nuanced
The irony of this communist LARPer Hasan Piker is that he built his entire life off the fruits of capitalism…webcam, iPhone, internet…communism is incapable of producing any of the things that made him wealthy. Is he evil or just really that dumb?
NEW: Nithya Raman has locked up a key endorsement from Western States Carpenters, once one of Mayor Bass’ major backers. “You get our boots on the ground,” Pete Rodriguez, union official, promises Raman.
Kalshi offered New York a plan that would've brought in $10B over five years for public schools and healthcare. Hochul's response is to ban them to protect the casino lobby.
politicians loosing the plot.
Makes you wonder what really motivates these politicians 🤔🤔
AOC: I actually meet with MAHA activists because a lot of them really don’t believe that their fight is partisan—and in many ways, it’s not. We do have extraordinary corruption in our agricultural system and in our big corporate system as well. This is an area where both parties and our entire political system have been compromised.
You have companies dumping cancerous byproducts, poisoning the communities around them. Then they pay off our political class to ignore it, let it continue, or legally shield them—like with glyphosate—from everyday people trying to hold them accountable.
I see how all of these issues that are expressed on the surface as right-wing are actually rooted in the anxieties that we have as working people not being able to afford health care. So it’s also, “How do I stop being sick? How do I prevent being sick by limiting my exposure to things that I think are toxic?” There are things that are actually toxic and things that aren’t, and people take advantage of that.
Then, when I do get sick and I can’t afford medicine, what are the holistic and low-cost alternatives that I can turn to because I know I can’t afford to see a doctor? That is a place of tremendous vulnerability that people feel, and it’s immensely legitimate.
And then, if you add the racial component too—I’m Puerto Rican. The United States sterilized women for decades.
So that is a perfect storm of a lack of trust in institutions that is oftentimes very valid and very legitimate. And you don’t win that by saying, “Oh, don’t worry,” or by condescending to people. We do need to fix our health care system.
I asked Bernie Sanders how much of a political earthquake an El-Sayed win in Michigan would be: "I’m not aware of any candidate ever winning an election when $60 million was spent against him and he was outspent by independent expenditures 50 to 1."
"It would be historic.”