A Very Good Sign: Kamala Harris Is Going Right at Corporate Greed
Immediately before the pandemic, corporate profits were 9.7 percent of the total GDP.
👉From 2020 to 2023, they spiked to an average 11.2 percent of annual GDP.
⚠️The disparity between those two numbers amounts to a jaw-dropping $1.5 trillion more of our economy that was transferred over to corporate profits in the last four years.
😨That money was picked directly from the pockets of American families,
who each paid $12,000 more to plump the profit margins of corporations
(and that’s not even counting the excess APR rates that have cost the average credit card user $946 over the same four-year period).
This is unsustainable.
⭐️By taking a stand against those CEOs and bringing prices back down for the American people,
🔥Harris can ensure that the American people continue to make our economy the envy of the world.
A healthy economy is an ecosystem where companies compete for consumers
—and also for workers, which leads to lower prices and higher wages.
Those higher wages result in stronger consumer demand, which causes businesses to create more jobs.
✅Everyone benefits from this virtuous cycle of inclusion, innovation and demand.
❌And everyone loses when a greedy few CEOs addicted to soaring profits are milking us dry.
https://newrepublic.com/article/184937/harris-price-gouging-corporations