NEW: Today, Groundwork’s @Bilalgwork testified before @SenateBanking on high prices and how shrinkflation and technology impact consumers’ finances, warning: “The price tag, as we know it, may become a relic of the past.” WATCH:
The numbers don’t lie. It’s time to raise taxes on big corporations.
A new study from the London School of Economics shows 50 years of tax giveaways for the wealthy have only helped one group: the wealthy. The research tracks economic outcomes beginning in the 1980s with Reagan tax policy, proving trickle-down to be a sham.
Big news: The @FTC just banned non-compete agreements. The new rule prohibits employers from blocking workers from moving to a competing business — or from starting their own competing business. The freedom to compete is expected to raise wages and improve job options.Quote
.@Oxfam‘s analysis of 125 American billionaires shows their individual investments result in ~ONE MILLION times more emissions than the average person. On #EarthDay and every day, the urgency of the climate crisis demands progressive and fair tax reform.
We hereby call this meeting of The Tortured Prices Department to order…
“Welcome to pricing hell.” It doesn’t have to be this way — we can choose policies that free us from the uncertainty and budgetary pain of greedflation-driven dynamic pricing. A must-read if you’re concerned about junk fees and Uber-style pricing for everyday goods:
What do high prices and tax policy have in common? More than you may think. On Tax Day, our Executive Director @owenslindsay1 explains — WATCH:
Wondering why you may be spending more at the grocery store but getting less? Our report shows just how much companies are taking advantage of consumers at the supermarket — and what potential policy solutions could look like. Read more here:
ICYMI → @owenslindsay1 joined @business’s Balance of Power to discuss the March jobs report, the strengths of a full-employment economy, and the public investments that’ve made it possible.
LISTEN:
Greedflation is a major driving force behind higher prices — and our research is shining a bright light on it:
Greedflation has eclipsed other causes of inflation — it’s time to rein it in