Larry Henson
A
Robert Reich
@RBReich
In Q2 of this year, corporate profits increased by $6.9 billion.

In Q3, they increased by a whopping $105.7 billion.

While inflation is easing, prices are still as much as 20% higher than pre-pandemic levels.

Why? Corporations are keeping them high to boost their profits.
10:01 PM - Dec 08, 2023
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Blake Couch
A
In response to Larry Henson.
And why are they so keen on keeping profits high? Because that keeps their stock price high. Top executives are paid primarily, if not exclusively, with stock options, which lets them take full advantage of the much lower capital gains tax rates.

In a word, greed.
12:12 PM - Dec 09, 2023
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