Corporate profits only accounted for roughly 11% of price growth from 1979 to 2019.
Today, record corporate profits account for 53.9% of price increases.
Folks, corporate greed is driving inflation, not workers asking for better wages.
The bottom half of America, roughly 30 million Americans, now hold only 2% of the nation's wealth.
Folks, this is unsustainable. The only way to grow the economy and hold on to our democracy is to expand the middle class. Otherwise, oligarchy will devolve into fascism.
Stock trading by high-level Fed officials is the largest ethics scandal in @federalreserve history. I’m deeply concerned that Powell risks undermining Americans' confidence in the Fed if this is not taken more seriously. The Fed needs to provide answers.
https://t.co/SFr24JGpfg
BREAKING: Amy Coney Barrett did not disclose her husband’s legal work on a court ethics form.
This is after we learned that Clarence Thomas failed to disclose $700k of Ginni Thomas’s pay from the far-right Heritage Foundation.
SCOTUS needs a REAL code of ethics. Now.
Quick recap: Billionaires are not “self-made.” They’re made via a combination of inherited wealth, government subsidies, tax loopholes, labor exploitation, and policy failures.
Can we stop perpetuating a myth that blames the wealth gap on the choices of everyday Americans?
Who else still wants to know who paid off Brett Kavanaugh’s $200,000 credit card debt, his $92,000 in country club fees, and his $1.2 million mortgage?
More than half of US adults cannot read above a 6th grade level.
Not only do we need to forgive student loans but we need to heavily invest in education.
Black people paid taxes for pools schools & libraries they couldn’t use during Jim Crow (1865-1965)—$0 reparations
Native people had 270M acres of their land stolen via Homestead Act (1862-1987)—$0 reparations
Spare me MAGA outrage on $10K loan forgiveness for low income people
The average amount of debt forgiveness to businesses receiving PPP loans: $95,700. If we could afford to cancel hundreds of billions in PPP loans to business owners in their time of need, please do not tell me we can't afford to cancel all student debt for 45 million Americans.
This is what a rigged economy looks like. On the same day a bill was signed into law to give a $76 billion blank check to micro-chip companies, Intel announced it will be cutting back on plans to increase jobs by $4 billion while increasing dividends for its wealthy shareholders.
For years, I've been fighting to root out corruption in Washington, and to ban federal officials from owning or trading individual stocks. I introduced the first bipartisan bill in the Senate on this critical issue, and Congress should pass it.