@marielinboston@mindly.social
Prior to 1982, stock buybacks were considered stock manipulation. It was Reagan's SEC that opened the floodgates to their abuse.
Stock buybacks don’t create more jobs. They don't increase wages. They don’t grow the economy.
They do one thing: Make corporate execs richer.
Just weeks ago, grift-lord and far-Right troll Andy Ngo went on Tucker Carlson to push the lie to millions that "climate activists" were behind a series of recent attacks on the electrical grid, while he complained on Twitter that 'antifa' was rushing to link recent attacks on the electric grid to the far-Right - which in reality were carried out by burglars.
Today law enforcement arrested members of the neo-Nazi group, the Atomwaffen Division, for plotting to attack substations in the Baltimore area. Read VICE article here: https://www.vice.com/en/article/g5v4pq/baltimore-power-grid-attack-arrest-atomwaffen
One of those arrested, Brandon Russell, has already been imprisoned for possessing explosives and plotting to carry out a 'dirty bomb' attack with radioactive materials. A raid on Russell's apartment in 2017 found bomb making materials and a framed picture of Oklahoma bomber, Timothy McVeigh.
Read our report about Russell's initial arrest - which almost didn't happen, as police initially let him go, back in 2017: https://itsgoingdown.org/how-cops-let-neo-nazi-leader-found-with-dirty-bomb-walk-away/
Grifters like Tucker and Ngo exist to give space to groups like Atomwaffen to carry out their violence against the public by downplaying the threat that they serve, mainstreaming their neo-Nazi talking points, and pointing the finger of blame back on those who would oppose them on the Left.
DAMMIT DAMMIT DAMMIT PEOPLE COVID IS NOT OVER!
Wear a damned mask.
Corporations aren’t even plowing their extra profits into new investments that would generate higher productivity in the future. They’re buying back their shares to boost stock prices.
Through the end of last year, American firms announced stock buybacks exceeding $1 trillion.
Never forget that the 25 richest people in America paid a true tax rate of just 3.4% between 2014 and 2018 on over $400 billion in wealth gains. The rest of America paid an average of 13.3% in 2018.
This has always been the GOP's strategy:
1) Cut taxes for the wealthy & corporations by claiming they'll pay for themselves.
2) Explode the deficit.
3) Demand cuts to Social Security and Medicare.
4) Repeat.
Don't let them get away with it.
Morning has broken...
Twitter is just fully into its gaslighting era
January 6 committee found that Twitter and other social media companies gave Republicans preferential treatment on social media out of fear of criticism/reprisal. https://www.washingtonpost.com/technology/2023/01/17/jan6-committee-report-social-media/
I am easy like Sunday morning 😀
I predicted this would happen. But the speed and breadth of the purge are still shocking.
Elon Musk has said a lot of dumb and inflammatory things.
But his ridiculous belief that a right-wing Twitter can simply replace journalism is one of the most bizarre and dangerous--and it hasn't gotten nearly enough attention. See my latest today at Washington Monthly:
https://washingtonmonthly.com/2022/12/19/elon-musks-latest-delusion-he-thinks-twitter-can-replace-journalism/
Musk in particular sees Twitter as having a New Agey potential to generate an emergent network of human consciousness that will render pesky old journalism obsolete, enthroning him as the King of Global Communication, with far-right personalities as his loyal viziers. /3
Inflation-adjusted wages continue to drop.
Meanwhile, the federal minimum wage hasn’t been raised in 13 years. Adjusted for inflation, its value is the lowest it's been in 66 years.
You don’t have to be a financial wizard to see why some workers might say the hell with it.
Confirmed. The deal that McCarthy struck with the insurrectionists includes holding America’s economy hostage using the debt ceiling so fascists can cut Medicare and Social Security to the sick and elderly.
This is a vicious cult that not only does not care about human beings, it is aggressively trying to kill us.
Pelosi praises 'extraordinary heroism' of those defending the Capitol on Jan. 6 - MSNBC https://apple.news/AuxiPe8pMRBSlrm3nCH4jJA
The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts." - Bertrand Russell
Watch the sun set over the sea from the picturesque cliffs of Santorini, an island in Greece known for its stunning sunsets and crystal clear waters
Have a great day/evening everyone
