Robert Reich (@reichbackup) 's Twitter Profile
Robert Reich

@reichbackup

Berkeley Professor, former Secretary of Labor. Co-founder @InequalityMedia.

ID: 1029319827717062656

calendar_today14-08-2018 10:52:25

247 Tweet

136 Followers

870 Following

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The upward redistribution of wealth over the past 50 years has shifted $80 trillion from the bottom 90% of Americans to the top 1%.  That’s $80 trillion that would have gone into the paychecks of the working class. The greatest trick of all is trickle-down economics.

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Remember: There is nothing natural or inevitable about extreme inequality; it’s the result of an economic system that values wealth and power over human dignity and justice. It doesn't have to be this way.

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Wholesale fresh vegetable prices rose by a record 38.9% last month. These price hikes could soon make their way to a grocery store near you. Remember when all Trump talked about was how he would make groceries cheaper?

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Mark Zuckerberg has spent $110M to buy 11 houses in one Palo Alto neighborhood. He's turning the homes into a compound. That's on top of his 30 bedroom, 30 bathroom compound in Hawaii and another in Lake Tahoe. I don’t want to hear that billionaires can’t afford a wealth tax.

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Between his crypto ventures, real estate deals, and licensing agreements, Trump and his family have profited off the presidency to the tune of $3.4 billion. The grifter-in-chief knows no bounds. We must not become numb to this.

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Since taking office, Trump has halted or ended 1/3 of investigations and enforcement actions against Big Tech giants — including Meta, Tesla, and Google. These same tech companies have spent over $1.2B to influence Trump during and since the 2024 election. Everything is for

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Sending troops into US cities against their will. Strong-arming corporations and extracting gifts in exchange for tariff exemptions. Calling on state governments to gerrymander in his favor. Trump is the "big government" nightmare conservatives have always warned us about.

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I had the great fortune of having many wonderful teachers throughout my years as a student. I think about them often — especially this time of year. Let me tell you about one teacher in particular who changed my life forever. Mrs. Alice Camp.

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94% of teachers have had to dip into their own pockets to buy school supplies. An estimated 1 in 6 have second jobs during the school year to make ends meet. The average Wall Street employee got a record $244,700 bonus last year. Something has gone terribly wrong.

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In the age of monarchs, kings issued decrees. Tsars of imperial Russia proclaimed ukases. Dictators of the 20th century made diktats. Trump issues executive orders. They make him feel powerful.  But arbitrary power depends on the acquiescence of everyone subjected to it.

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A massive protest like this shows public patience is running out. But whether it matters depends on if Netanyahu thinks he needs the people or just his coalition to cling to power.

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People are constantly asking me — what can I do? Between now and the 2026 midterm elections, here are five practical steps you can take to make a difference.

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The argument against regulation is always the same: “It stifles growth and jobs.” But just as tax cuts for corporations have not trickled down, regulatory cuts have not benefited most people. Big companies enjoy bigger profits. Working people bear the costs.

The argument against regulation is always the same: “It stifles growth and jobs.” 

But just as tax cuts for corporations have not trickled down, regulatory cuts have not benefited most people.  

Big companies enjoy bigger profits. Working people bear the costs.
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Private prison and surveillance companies like Geo Group, CoreCivic, and Palantir just reported massive profits last quarter thanks to lucrative government contracts for Trump's mass deportation and detention machine. The border-industrial complex is getting rich off cruelty.

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Trump attacked the Smithsonian for depicting "how bad slavery was." Meanwhile, he's pushing schools to partner with PragerU, which tells children the evils of slavery are exaggerated. I've been sounding the alarm on them for years.

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Texas Republicans are redistricting early at the behest of Donald Trump. The response by Democrats in California to counter-balance is being triggered by a blatant GOP plot to steal the 2026 midterms. This isn’t a race to the bottom. It’s a means of avoiding the bottom.

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Democrats cannot defeat authoritarian fascism without an agenda that stands squarely on the side of working people. We need a pro-worker, pro-democracy, anti-establishment movement that will take on oligarchy like never before.