While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.
If you are wondering why we continue to pay, by far, the highest prices in the world for prescription drugs, you should know that Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that could be used as an excuse to raise prices. Once those prices were raised, they aren’t coming down unless people stop buying and there is a glut of product that has to be addressed by lowing them. Since people are going to buy groceries, meds and gas as long as they possibly can, the rich will get richer while the middle class gives up everything but these necessities
The Saudis announced in February of 2021 that they were raising oil prices to recoup the 40% loss in profit due to COVID-19 in 2020, other businesses followed suit making the world wide inflation we have now. Biden brought us out of tRump’s recession, and has kept U.S. inflation lower than most of the rest of the world.
Travel abroad. The U.S. dollar is REALLY STRONG against other currencies right now. Why? Because inflation is a world-wide phenomenon (post COVID, and Russia’s abominable attack on Ukraine), and we’re handling it better than most.
Diane Lee Premium Member about 1 month ago
While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.
If you are wondering why we continue to pay, by far, the highest prices in the world for prescription drugs, you should know that Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that could be used as an excuse to raise prices. Once those prices were raised, they aren’t coming down unless people stop buying and there is a glut of product that has to be addressed by lowing them. Since people are going to buy groceries, meds and gas as long as they possibly can, the rich will get richer while the middle class gives up everything but these necessities
ncorgbl about 1 month ago
The Saudis announced in February of 2021 that they were raising oil prices to recoup the 40% loss in profit due to COVID-19 in 2020, other businesses followed suit making the world wide inflation we have now. Biden brought us out of tRump’s recession, and has kept U.S. inflation lower than most of the rest of the world.
Ontman about 1 month ago
Weatherford is as tired as the inflation (BS) excuse.
Sun about 1 month ago
Lies are as plain as Pinocchio’s nose on Joe Biden’s face.
Jack7528 about 1 month ago
His nose would be a lot longer than that!
fritzoid Premium Member about 1 month ago
Travel abroad. The U.S. dollar is REALLY STRONG against other currencies right now. Why? Because inflation is a world-wide phenomenon (post COVID, and Russia’s abominable attack on Ukraine), and we’re handling it better than most.