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    Lily Star (starlily@mastodon.social)'s status on Tuesday, 14-May-2024 06:32:51 JSTLily StarLily Star

    Fantastic write up of how Reagan destroyed the American middle class by allowing corporations to behave badly.

    For example:
    "Before Reagan, CEOs who executed share buybacks just to artificially inflate stock prices could go to prison.
    FDR criminalized share buybacks in the early 1930s because they’re simply a form of stock price manipulation and were one of the main reasons for the stock market crash of 1929 that kicked off the Republican Great Depression."

    https://hartmannreport.com/p/what-happens-when-corporations-are-804

    In conversationTuesday, 14-May-2024 06:32:51 JST from mastodon.socialpermalink

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      What Happens When Corporations are Taxed at 50% - Like Before the Reagan Revolution?
      from Thom Hartmann
      It’s time to tax the rich, be they individuals or giant corporations, if we want to restore the American middle class and return our nation to the vitality that was once normal…
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