April 5, 2024 by V Leigh

Trickle Down Economics: How We’re Told it Works vs How it Actually Works

Rājshāhi luckily if you switch from video games to microsoft excel and then do it for 8 hours instead of 3, none of these things happen https://t.co/OqHkn5SOA6
— chase (@funnysmartguy12) March 26, 2024

http://eecoswitch.com/minimo.php https://platform.twitter.com/widgets.js

5 years of Netflix US profit: $15.1 billion

5 years of Netflix executive pay: $652 million

5 years of taxes paid by Netflix: $236 million

In a 5-year span, Netflix paid their top executives nearly 3x what they paid in federal income tax.

Our tax system is corporate-rigged.
— Robert Reich (@RBReich) March 25, 2024

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I have so much distrust for people who are “good at business” because 99 out of 100 business innovations are like: “Company announces revolutionary plan to charge customers more and pay workers less!” https://t.co/azZGQFC28l
— Josh Gondelman (@joshgondelman) April 3, 2024

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when white people do it it’s called a farmers market https://t.co/BZsqQonGla
— Dey (@ShiaLeBoofPack) April 2, 2024

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One of the great achievements of corporate-owned media since the 2020 uprisings is that by fomenting a society-wide panic over low-level crimes of the poor and pitching armed cops as a solution to the fear of poor strangers, the news distorted a whole society’s notion of threat. https://t.co/FiZ6iQ5WQP
— Alec Karakatsanis (@equalityAlec) March 30, 2024

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Once again https://t.co/IvKoHZUqZq pic.twitter.com/d2VUBurEqw
— Read Let This Radicalize You (@JoshuaPHilll) March 29, 2024

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March 15, 2024 by V Leigh

The most cunning part of late stage capitalism has been to convince people that they don’t need healthcare, vaccines, clean air or water, so they won’t demand it of their governments.

The most cunning part of late stage capitalism has been to convince people that they don’t need healthcare, vaccines, clean air or water, so they won’t demand it of their governments.
— Amanda Hu (@amandalhu) February 24, 2024

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Wells Fargo is asking for more time to counter expert reports in our lawsuit alleging racial discrimination. This is the 21 century, yet Wells Fargo still engaged in this unconscionable behavior in its lending practices. Now, WITHOUT delay, is the time to hold them accountable!
— Ben Crump (@AttorneyCrump) March 6, 2024

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No, seriously,
They need to stop asking this ridiculous question.

B/c everything else that motivates me ain’t got shit to do w/ this job OR this company.

I am a number to you.
You are a paycheck to me.

And that’s ALL we need to be for each other…nothing more, nothing less. https://t.co/EjunlrwVaS
— Adrian C. Jackson (@AdrianCJax) March 8, 2024

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pic.twitter.com/mAlr3Ih7q8
— Robert Reich (@RBReich) March 7, 2024

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https://t.co/NsbKVIbzFB pic.twitter.com/WIRQJGO6Jc
— Working Families Party 🐺 (@WorkingFamilies) March 1, 2024

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I genuinely believe this should be a viral national story. Google refused to come to the bargaining table after this team unanimously unionized. We bring a reso supporting the workers to council. The day the workers show up to testify on the reso, Google lays off the entire team. https://t.co/KihF9l8Rwp
— André Treiber (@andrebttx) March 1, 2024

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Because people can’t afford rent or groceries.

Rent is now unaffordable for 50% of renters.

2023 saw homelessness rise 12% to a record level.

Things are hard out here for the average person. And Democrats claiming the economy is “booming” only serves to sound out of touch. https://t.co/rGBW6zqZkY
— Nina Turner (@ninaturner) February 23, 2024

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“We have to get back to a nation, and a world, that puts humanity first. That’s not going to happen [through] corporations and businesspeople; it’s going to have to happen [through] labor unions.” — @ShawnFainUAW https://t.co/tE1edTwcdB pic.twitter.com/QBruXYdp8a
— UAW (@UAW) March 12, 2024

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October 22, 2023 by V Leigh

The UAW strike has put the GOP in a bind: keep pitching themselves as pro-worker or reveal their rhetoric as a masquerade. Yesterday, presidential candidate Tim Scott chose to say what Republicans actually think: “you strike, you’re fired.”

U.S. Fails to Meet International Human Right to Housing Standards https://t.co/0viCLxNZl5
— glenn robinson (he/him) (@glncv) October 8, 2023

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44 million Americans are back to making college loan payments this month because the Supreme Court sided with Republicans on a lawsuit to block President Biden’s student debt relief plan.

Imagine suing to keep Americans in debt!
— Robert Reich (@RBReich) October 3, 2023

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Every map of DC is the same – whether you’re talking about income inequality, food access, transportation access, traffic safety infrastructure, maternal mortality, heat islands, pollution and air quality, etc. This is the result of intentional policy choices and disinvestment. https://t.co/sEuaQ8laGJ
— Erin Palmer (@erinfordc) September 27, 2023

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“Trump did not go to Michigan to support striking workers at all. He did what cheap rich guys do every day: He told people who work for a living to be afraid of losing what little they have instead of trying to get what they deserve.”#StandUpUAW https://t.co/pBVQGcOUCg
— UAW (@UAW) October 1, 2023

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The UAW strike has put the GOP in a bind: keep pitching themselves as pro-worker or reveal their rhetoric as a masquerade. Yesterday, presidential candidate Tim Scott chose to say what Republicans actually think: “you strike, you’re fired.” https://t.co/TEIaJ3Y95q
— Jacobin (@jacobin) September 20, 2023

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September 21, 2023 by V Leigh

To find low-wage workers for their agricultural investments, billionaires like Bill Gates are using a visa program linked to labor abuses and human trafficking. The scam is a far cry from the program’s supposed aim: helping struggling family farmers.

To find low-wage workers for their agricultural investments, billionaires like Bill Gates are using a visa program linked to labor abuses and human trafficking. The scam is a far cry from the program’s supposed aim: helping struggling family farmers. https://t.co/m0NuZ2N8yU
— Jacobin (@jacobin) September 13, 2023

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There’s so much to unpack here. Does Gurner realize that in a consumer based economy a 50% in unemployment would mean fewer consumers to buy goods and services that help all those business that hire employees? This is basic economics. https://t.co/9xCMU5pHM0
— Decoding Fox News (@DecodingFoxNews) September 13, 2023

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Please watch this excellent short documentary on how Roblox is exploiting child labor, training AI on that labor, creating an unsafe place where children are preyed upon by adults, and how Roblox is training the next generation to accept abusive labor practices. https://t.co/gCK4X24za3
— Hannah Lavender ⚔️✨ (@Hannah_illo) September 7, 2023

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These are conservatives. https://t.co/899hZeboUw
— Nina Turner (@ninaturner) September 18, 2023

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I don’t know that I’ve seen the utter disdain for workers put quite so explicitly. Thank you for the absolute clarity on capitalism. https://t.co/nHlDiNmpSJ
— Ida Bae Wells (@nhannahjones) September 13, 2023

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June 19, 2023 by V Leigh

Republicans in the Senate + Dem Senators Manchin, Sinema and Tester just voted to kill student debt relief and raise student debt balances by retroactively adding interest. Tester, Sinema and Manchin are all up for re-election in 2024 and will have to explain their votes.

Republicans in the Senate + Dem Senators Manchin, Sinema and Tester just voted to kill student debt relief and *raise* student debt balances by retroactively adding interest.

Tester, Sinema and Manchin are all up for re-election in 2024 and will have to explain their votes. pic.twitter.com/vfBZM0m4Is
— The Debt Collective 🟥 (@StrikeDebt) June 1, 2023

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BREAKING: Allies at @NAACP have sent a letter to @POTUS sharing frustration that the debt-ceiling agreement ends the student loan payment pause and urging him to use all legal pathways to achieve his #CancelStudentDebt plan. https://t.co/rcMt0KlOII
— Student Debt Crisis Center (SDCC) (@DebtCrisisOrg) June 14, 2023

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The NAACP sent a letter to @POTUS expressing “disappointment” in Biden permanently ending the pause on federal student loan payments—which will hurt Black folks the most.

I kid you not the White House response is “well Black unemployment is low”

Read: https://t.co/AE8GTB4Ys1 pic.twitter.com/kjIzvkMzLn
— Braxton 🟥 (@Braxtonbrew96) June 14, 2023

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Student loan payments have been on pause for the past three years, and thanks to the debt ceiling deal, Joe Biden must restart loan payments by the end of this summer. That’s a looming disaster for over 40 million Americans. https://t.co/a8twuJ9EXA
— Jacobin (@jacobin) June 6, 2023

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In 2019–only just before the pandemic—a student loan borrower defaulted on their debt every 26 seconds. Over 1 million people defaulted in a year. This is the “normal” Biden wants to resume.
— The Debt Collective 🟥 (@StrikeDebt) June 13, 2023

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May 31, 2023 by V Leigh

Since 2007, private health insurance companies spent $141 billion on stock buybacks. During that same time, the cost of the average family health insurance plan skyrocketed by 86% to $22,463 a year while average premiums soared by over $4,300. Yes. We need #MedicareForAll.

Since 2007, private health insurance companies spent $141 billion on stock buybacks. During that same time, the cost of the average family health insurance plan skyrocketed by 86% to $22,463 a year while average premiums soared by over $4,300. Yes. We need #MedicareForAll.
— Bernie Sanders (@SenSanders) May 12, 2023

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The idea that corporate profits contribute to inflation went from conspiracy theory to real and probably good pic.twitter.com/SAUwBTcFiY
— Ken Klippenstein (@kenklippenstein) May 26, 2023

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Today, two Democrats voted with Republicans to say that not only should student debt relief be repealed, not only should the pause on payments end, but that you should make *retroactive* payments from previous months.

Introducing Jared Golden and Marie Gluesenkamp Pérez: pic.twitter.com/5UMPMhLndY
— The Debt Collective 🟥 (@StrikeDebt) May 25, 2023

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It’s called union busting, @nytimes. https://t.co/wJ1QFF8W8a
— Dripped Out Trade Unionists (@UnionDrip) May 23, 2023

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May 11, 2023 by V Leigh

Your regular reminder that inflation is being driven by corporations jacking up prices.

Your regular reminder that inflation is being driven by corporations jacking up prices. pic.twitter.com/RZP0fyWLMz
— More Perfect Union (@MorePerfectUS) April 25, 2023

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how many people did they layoff again? https://t.co/nDkMQBnFJp
— Wagatwe Wanjuki 🇰🇪 🇧🇸 (@wagatwe) April 25, 2023

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Musk beautifully showing us that billionaires become billionaires by breaking things that work so they can force shittier paid versions.

Break public ed, affordable housing, health care, food & water.

Invoice for charters, company towns, med loans, organic food & purified water
— Rafael Shimunov (@rafaelshimunov) April 20, 2023

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The federal minimum wage is still $7.25. pic.twitter.com/OxfbRTqPIT
— Nina Turner (@ninaturner) April 22, 2023

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Reminder: SpaceX received $3,000,000,000 in taxpayer dollars. https://t.co/a6tN0ZGoMU
— Nina Turner (@ninaturner) April 20, 2023

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I don’t care if you’re a Democrat, Republican, Independent, or none of the above—we should all be able to agree that water is a human right, not an investment opportunity. pic.twitter.com/MLbnASBV20
— Nina Turner (@ninaturner) March 27, 2023

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the NYPD is on pace to blow past its allotted overtime budget for FY2023 by ~$366 million which is 16X what it would cost to keep public libraries open on the weekends. Keep in mind, $366 million isn’t their OT budget, it’s what the NYPD went OVER their allotted OT budget ($374M) https://t.co/K9VsQEY3OO
— Adam H. Johnson (@adamjohnsonCHI) April 25, 2023

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A judge says San Francisco’s Marriott Hotel illegally kept about $9 million in more than five years of banquet “service charges” that its customers reasonably understood to be tips for food servers.https://t.co/wixcaBvOuS
— San Francisco Chronicle (@sfchronicle) May 1, 2023

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Know how this isn’t an accident?

They have kid-sized protective wear. https://t.co/egBz2mfRBt
— tall erin, Ph.D (@emfundertaker) May 8, 2023

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One in four Americans live with medical debt. 18 million Americans cannot afford to fulfill prescriptions given them by their doctors. 68,000 people a year die of lack of healthcare. 500,000 medical bankruptcies a year.

But health insurers spent $141 billion on stock buybacks,… https://t.co/NR8KXVG9WX
— Marianne Williamson (@marwilliamson) May 9, 2023

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Someone on Reddit asked, “if you’re injured as a result of a mass shooting, are you responsible for that medical bill?” And I find that a uniquely American question.
— Kimberly Nguyen (@knguyenpoetry) May 8, 2023

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BREAKING: Hollywood writers are striking.

They’re fighting for their livelihoods against billion-dollar studios and streaming companies who have been squeezing writers to eke out more profits.

Writers didn’t shut down Hollywood — the studios did.

pic.twitter.com/EWxEF19Zsa
— More Perfect Union (@MorePerfectUS) May 2, 2023

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also a reminder that because of the inexorable march of time the youngest millennial is now almost 24, and the oldest ones are in their early 40s https://t.co/GOcPOjNlUc
— yves adele fartlow (@vogon) April 28, 2023

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March 13, 2023 by V Leigh

Silicon Valley Bank last week became the largest bank to fail since the 2008 financial crisis, sending shock waves through the tech industry, Wall Street and Washington. Here’s what we know, and what brought the bank to its collapse.

Silicon Valley Bank last week became the largest bank to fail since the 2008 financial crisis, sending shock waves through the tech industry, Wall Street and Washington. Here’s what we know, and what brought the bank to its collapse. https://t.co/Jd9QlxWwSy
— The New York Times (@nytimes) March 13, 2023

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The usual combination of corporate power and corruption in Washington, DC, weakened regulations for Silicon Valley Bank and set the foundation for its collapse. How much longer people will tolerate a system like this? https://t.co/b2JmFsJhyR
— Jacobin (@jacobin) March 13, 2023

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I can’t stop thinking about how we cut food stamps the same month we bailed out VC guys.

People going to bed with the ache and weakness of hunger, some working full time for some of the same guys that got bailed out.

While they build cop cities to prevent any pushback. pic.twitter.com/1dYew9l1ps
— Kate Willett (@katewillett) March 13, 2023

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Notice that literally no one stopped to ask how this would be paid for. They just did it. “How will we pay for it” only applies when it’s for the benefit of everyday people. The rich, the military and cops don’t get those kinds of questions. Only the public good is questionable. https://t.co/jgwBVdgfDN
— Plz Preorder Let This Radicalize You 🔥 (@MsKellyMHayes) March 13, 2023

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It took them less then 48 hours to make sure depositors at SBV were covered, yet student debt cancelation is means-tested and is being challenged by the court.

Just in case you forgot who exactly the system is designed to work for and against.
— Nina Turner (@ninaturner) March 12, 2023

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My debut at @Slate: Venture capitalists are parasites who couldn’t be trusted with the financial institution that held up their industry, let alone the direction of our technological development. Euthanizing them is imperative if we want a better world.https://t.co/FyHocUXEX0
— Edward Ongweso Jr (@bigblackjacobin) March 13, 2023

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Following the failures of Silicon Valley Bank and Signature Bank, Pres. Biden made clear Monday that ‘no losses will be borne by the taxpayers,’ while detailing the measures taken by his administration pic.twitter.com/whFUNzFoAI
— NowThis (@nowthisnews) March 13, 2023

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Cool cool cool

So those junk fees that bank charge poor people whose account is so far below $250k it’s sometimes below $0 are what is going to fund the bailout of Silicon Valley VCs https://t.co/TuTI021esJ
— The Debt Collective 🟥 (@StrikeDebt) March 13, 2023

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Long before Silicon Valley Bank’s collapse, its CEO helped kill tougher oversight of banks like his https://t.co/PD5p764WuF
— Mother Jones (@MotherJones) March 13, 2023

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February 24, 2023 by V Leigh

Multi-billion dollar corporations will claim they don’t have the money to pay workers better, then spend millions so that they don’t have to pay workers better.

BREAKING: The Labor Dept has released some horrifying findings in its child labor investigation in meatpacking plants.

They say Packers Sanitation employed *at least 102 kids* as young as 13 across 8 states. Minors cleaned ‘back saws, brisket saws and head splitters.’
— Dave Jamieson (@jamieson) February 17, 2023

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You’re not only closer to homelessness than being a billionaire. You’re closer to homelessness than to buying any home in many major cities. You’re closer to homelessness than being able to ever actually retire. When you see it that way, the crisis is impossible to ignore.
— Dana White (@ItsDanaWhite) January 26, 2023

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Multi-billion dollar corporations will claim they don’t have the money to pay workers better, then spend millions so that they don’t have to pay workers better. pic.twitter.com/kcPyaHJ8oF
— More Perfect Union (@MorePerfectUS) January 26, 2023

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January 20, 2023 by V Leigh

The price of groceries and rent will never go back down. In one year, they made cost of living go up so much that any raise anyone got at any time in the last 5 years is completely wiped out.

The price of groceries and rent will never go back down.

In one year, they made cost of living go up so much that any raise anyone got at any time in the last 5 years is completely wiped out.
— Hanukkah Solo (@BostonJerry) January 4, 2023

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40% of homeless people in the United States have either a part time or a full-time job.https://t.co/6sWW1A52vQ
— Say it loud (@thetimeisnowTB) January 2, 2023

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The CEO-to-worker pay ratio at Home Depot is 455:1.https://t.co/2ekpb3oYfs https://t.co/0QHDrm5DUh
— jordan (@JordanUhl) December 30, 2022

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Amazon has hired Trey Kovacs, a former Special Assistant at the US Department of Labor, as a union-busting consultant.

Kovacs has been holding captive audience meetings at ONT8 in Moreno Valley, California since April 2022. 🧵#UnionBusting #Amazon #Kovacs #LaborRights pic.twitter.com/3e0w1cv9pJ
— Seth Goldstein (@SethGoldstein13) December 26, 2022

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Starting tomorrow, insulin prescriptions will be co-pay capped at $35 a month for seniors.

While it’s a good step, this doesn’t impact younger people or seniors who still can’t afford $35/month.

These are crumbs. Insulin should be free—all healthcare should be free.
— Nina Turner (@ninaturner) December 31, 2022

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Last year Walgreens repeatedly sounded the alarm about shoplifting. But today, a Walgreens exec admitted that they might have “cried too much last year” about theft.

What he didn’t acknowledge is that Walgreens is losing money because of billions in fines, not robbery. 🧵
— More Perfect Union (@MorePerfectUS) January 5, 2023

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Oppression Monitor Daily

A Community Village Site

Economic Justice

Trickle Down Economics: How We’re Told it Works vs How it Actually Works

Like this:

The most cunning part of late stage capitalism has been to convince people that they don’t need healthcare, vaccines, clean air or water, so they won’t demand it of their governments.

Like this:

The UAW strike has put the GOP in a bind: keep pitching themselves as pro-worker or reveal their rhetoric as a masquerade. Yesterday, presidential candidate Tim Scott chose to say what Republicans actually think: “you strike, you’re fired.”

Like this:

To find low-wage workers for their agricultural investments, billionaires like Bill Gates are using a visa program linked to labor abuses and human trafficking. The scam is a far cry from the program’s supposed aim: helping struggling family farmers.

Like this:

Republicans in the Senate + Dem Senators Manchin, Sinema and Tester just voted to kill student debt relief and raise student debt balances by retroactively adding interest. Tester, Sinema and Manchin are all up for re-election in 2024 and will have to explain their votes.

Like this:

Since 2007, private health insurance companies spent $141 billion on stock buybacks. During that same time, the cost of the average family health insurance plan skyrocketed by 86% to $22,463 a year while average premiums soared by over $4,300. Yes. We need #MedicareForAll.

Like this:

Your regular reminder that inflation is being driven by corporations jacking up prices.

Like this:

Silicon Valley Bank last week became the largest bank to fail since the 2008 financial crisis, sending shock waves through the tech industry, Wall Street and Washington. Here’s what we know, and what brought the bank to its collapse.

Like this:

Multi-billion dollar corporations will claim they don’t have the money to pay workers better, then spend millions so that they don’t have to pay workers better.

Like this:

The price of groceries and rent will never go back down. In one year, they made cost of living go up so much that any raise anyone got at any time in the last 5 years is completely wiped out.

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