This billionaire is accidentally making the case for why we need a wealth tax better than anyone else could.
R
Robert Reich
Berkeley professor, former Secretary of Labor. Co-founder of @inequalitymedia.bsky.social and @imcivicaction.bsky.social. Substack: http://robertreich.substack.com Buy my new book: https://sites.prh.com/reich Visit my website: https://rbreich.com/
0 followers·0 posts
Unofficial aggregated profile. This creator hasn’t claimed their profile yet.
Posts
Everything Robert Reich publishes, gathered in one place.
Senate advances landmark crypto bill before heading on August recess
Senate Republicans have taken a major step towards advancing the pro-crypto CLARITY Act. Reminder: crypto is a giant Ponzi scheme. Its only practical uses are for tax evasion, money laundering, fra...
cnbc.com
California has the chance to rein in out-of-control corporate power — but Big Tech is spending millions to stop the plan. Here’s what you need to know.
Remember: cynicism is a trap. The billionaire class and their GOP lackeys want us to fall into hopelessness so they can have it all without any resistance. It costs them nothing and costs us everything. Stay clear-eyed and ready for the fight ahead.
The Most Dangerous Corporation in America?
USA Today, which owns over 200 local newspapers across the country, has partnered with Palantir to gain "actionable intelligence" on its audiences. Anyone else alarmed by this?
The Moronic Bullshit of the "Third Way"
Third Way — which has declared "war" on progressives — is a Trojan Horse for corporate America. Their funding sources are a Star Wars cantina of billionaire megadonors, Fortune 500 CEOs, giant corp...
robertreich.substack.com
How Trump Killed Every Business He Touched | Robert Reich
Trump is running the economy just like he ran his businesses — straight into the ground.
PSA: The recipe for economic growth isn’t tax cuts for the rich. It’s investment in our people — in health care, infrastructure and education — to build a strong middle class. You don't grow the economy through trickle-down nonsense.
Private equity is price gouging firefighters now. Yes, you read that right. Firefighters. Is this the most evil thing they've done yet?
Remember: There is nothing natural or inevitable about extreme inequality; it’s the result of an economic system that values wealth and power over human dignity and justice. It doesn't have to be this way.
Sunday thought: Criminals in Control
Congressional Republicans are worse than profiles in cowardice. They’ve nearly become a criminal enterprise, actively colluding with the neofascist in the Oval Office.
robertreich.substack.com
Brace Yourself for the AI Bubble
70 percent of Microsoft's AI revenue is coming from a single customer — OpenAI. I have to ask: is the AI bubble about to burst?
Look at this graph. The share of national income going to the richest 10 percent was lowest (and share to lower 90 percent highest) when union membership was at its highest. As unions have weakened, inequality has widened. This is why we must build back union power.
The Failures of “Centrism”
Corporate think tank Third Way says it will spend $15M to wage "war" against the progressive movement in the Democratic Party. I've watched this centrist playbook fail repeatedly over the years. Democrats should fight for the people, not the donor class.
Our Economy Is in Danger. Here’s Why
Trump Treasury Secretary Scott Bessent said this week the K-shaped economy — the widening economic gap between the rich and the poor — is "dead." Hogwash. Not only is the K-shaped economy very much alive, even CEOs are admitting it's a problem. Watch.
US stock market hits record highs as AI profits pile and oil prices ease
The top 10% of richest Americans own 87% of stocks. The top 1% alone own roughly half of all stocks. It's worth pointing out once again: the stock market is not the economy.
theguardian.com
How bad is the economy right now? Based on the latest jobs report... I'm worried.
Big Money Loses Big | The Coffee Klatch with Robert Reich
A huge blow to AIPAC and Big Money in Michigan. Trump's reflecting pool meltdown. And the brutal jobs numbers that could spell midterm doom for the GOP. Join us on a brand new Coffee Klatch to break it all down:
All across America, the public is rising up against data centers. Good. We need a national moratorium and robust AI regulations NOW.
Under Trump & RFK Jr.: -22,000 cyclospora cases and 2 deaths -Multiple ongoing salmonella outbreaks -Measles cases at 35-year high -New "forever chemical" pesticides in our food supply How the hell is any of this Making America Healthy Again?
