Monday, August 1, 2022

Workers are being punished for inflation. The real culprit is corporate greed | Robert Reich | The Guardian

…The government should use a firehose better aimed at the conflagration, which won't so badly burden the bottom 80%. For starters, impose a temporary windfall profits tax on big oil, on giant sellers of consumer staples and on big ag. This would reduce their incentive to engage in price gouging. Bolder antitrust enforcement – even the threat to block mergers and break up giant companies – could also reduce their ardor to raise prices...


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