Robert Reich’s Post

View profile for Robert Reich

Professor of Public Policy at UC Berkeley

Don’t tell me corporations have no choice but to raise prices. Corporate profits are at a 70-year high. Stock buybacks are expected to reach $1,000,000,000,000 this year. News flash: They’re using inflation as cover to squeeze more money out of you.

Paul Guzzardi

Retired Surety Underwriting Director at Travelers

1y

What else is new....

Just a greed grab by corporations.

Justin Russell

Sales at United Rentals

1y

👀

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Thomas Lohbeck

Want to learn about Bitcoin? ₿itcoin Mentor from Bitcoin-Mentoring.me

1y
Benoît MORIN

Expert Economique et Financier / Coordinateur de Projets

1y

In some ways you are right, in some ways you are not. But your figures are totally bezirk in this post.

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John Duval

Application Engineer at Clean Air Group Inc.

1y

Oh, but there are so many self proclaimed experts who are seeing this right now who can’t wait to jump in and defend free market policies. <insert your expert pro-corporation nonsense below>

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Mark Jones

Crew trials engineer

1y

If everyone decided to stop paying there bills and refused to except these increases. What would happen?

Jared Findel

Buy Now Depot® 30+ years experience - Custom POS Development, Custom Development, eCommerce, Database/API experts, Hosting, Every code, framework, and platform

1y

There is a big difference between Gross and Net Profit so to make a claim that all corporations are up 70% in revenue would only prove that Inflation is on the rise. No one can make the claim that the increase in gross sales is 70% in net profit for all corporations --again another absurd and ludicrous statement Robert Reich.

Despite this, stock prices are collapsing. Things that make you go hmm.

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