Attacking inflation by hiking interest rates is not addressing the real situation and cause. We should be hiking tax rates on corporations engaged in price gouging and profiteering.
Money Over People
The U.S. currently pays around $30 per dose for Pfizer's shot, which is estimated to cost $1.18 per dose to make. Yet the company plans to pump the price to $110–$130 per dose.
The United States sits in a wealth class all its own, boasting 39.2 percent of the world’s millionaires. China sits second, at 9.9 percent, with Japan third at 5.4 percent.
Many hospitals have grown wealthy, spending lavishly on advertising, team sponsorships, and even spas, while patients are squeezed by skyrocketing medical prices and rising deductibles.
It is time to rein in the big corporations that are getting away with pushing up prices to fatten their profit margins while families are quite literally paying the price of their profiteering.
Happy tax times — for the rich — don’t come carved in stone. Tax laws can and do change. Public anger can increase the tax-auditing pressure on grand private fortunes.
Wealthier neighborhoods in St. Louis have armed themselves with private police, giving them a level of service poor areas can’t afford and fueling racial and economic disparities.
One Chick-fil-A franchise in North Carolina tried paying drive-through workers in chicken sandwiches. It didn't go over well.
For-profit private equity groups buying up rural hospitals has resulted in horror stories of poor patient care, drug shortages and shut downs.
GOP talking points continually try to blame inflation in the US on the Biden administration, ignoring that this is an international problem, not a US policy issue.
Big Pharma companies have raised drug prices 1,186 times so far this year, further padding their bottom lines while intensifying the already overwhelming cost burden for patients.
Almost half of the nearly $190 million raised by the House and Senate GOP super PACs in the first 16 months of the 2022 campaign cycle came from just 27 billionaires.
83% of likely voters support proposals to expand Social Security benefits while just 7% support GOP plans to end the program, giving the majority party a golden opportunity to maintain control of the House and Senate.
Just last week, the Biden administration agreed to buy another 105 million doses of Pfizer’s covid vaccine for the fall booster campaign, paying $3.2 billion—a significant premium over what the government paid for the first 100 million.
Many cancer patients face difficult financial choices. About 4 in 10 with debt have taken money out of a retirement, college, or other long-term savings account. About 3 in 10 have moved in with family or friends or made another change in their living situation.
The ultrawealthy poured money into a successful campaign to defeat a graduated state income tax. Investigative reporters at ProPublica reveal the scale of their return on this investment.
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