Here’s Why Prices Are Still High | Robert Reich

Americans are still struggling to get by while corporations are raking it in. Here’s how corporate price gouging is continuing to drive inflation.

[diane.moore-]

You think you’re being smart and safe by keeping your money in cash, right? Wrong. In fact, you’re losing money every day without even realizing it. How? Because of inflation, devaluation, theft, and other risks that can destroy your cash and your wealth.

[dvdv]

“This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr.

Still as true as ever today.

[truthhurts]

What was once a felony, the 2010 Supreme Court ruled on an ironically named - "Citizens United." It legalized Corporate donations to politicians, now they're corporate employees.

[Particamuwowo]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat.

[viperswhip]

Corporations should not be allowed to own residential housing.

[lhfirex]

Out of touch rich people who don't even need more money: "Stop wasting your money on all these luxuries like rent, food and gas."

[darkwinter]

Just FYI, currently 42 out of the 100 senators are MAGA Republicans (they endorsed Trump this year)
This makes it incredibly difficult to get a supermajority (i.e. 60/100 senators) to vote in favor of bills, if Trump says no.
This is why it's important to vote out GOP senators at every opportunity. Democrats and sane Republicans want Trump and MAGA gone.

[RonaPatton]

Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[LeoDonahue-jp]

What's really sad is the media doesn't report this news.

[AmyTurko-hq]

In a broader view, start with replacing Citizens United. A candidate or Legislature that is not beholden to corporate lobbyists is the only way to protect consumers. Every candidate should have an even playing field- equity in campaign financing to break the hold of rich people running our country.

[jakephocas]

Since the Supreme Court says that money is speech, corporations can spend whatever it takes to elect politicians who will kill any efforts to control their greed.

[HugoBergmann-lund]

Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.

[nicholasdickens]

Americans don’t feel like they’re being gouged – they know that they are.

[byfzwsd]

Wall Street should be kept out of housing. Americans are being price gouged for basic needs of food, housing, insurance and gas. Time for everyone to pay their fair share of taxes, not just working Americans.

[allenchurch]

It's called legal robbery. But people still vote Republican? It's mind-boggling.

[LeAr-og]

companies being able to collude with each other to fix prices is one of the things that should be stopped.

[billy]

Gas gouging goes deeper than that. Gas retailers take market increases on gas already in their tanks. They pay one price at delivery and price it accordingly, but the first indice of a supply issue; war, weather, tanker spill, etc., they raise their prices on existing stock.

[brains]

Food production is owned by four companies. GOP consolidation of industries drove these massive price increases.

[reallybadgamer]

From a (former) life long republican and conservative, AMEN!

[KillrTfuuu]

Thanks (R)eagan for making stock buybacks legal