Robert Reich

Berkeley professor, former Secretary of Labor. Co-founder of Inequality Media. Sign up for updates, analysis and drawings: http://robertreich.substack.com

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Website: robertreich.org
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Last Notes

2025-07-19 20:03:37 UTC

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2025-04-03 08:18:15 UTC

10 rules for dealing with Trump’s demands for capitulation https://robertreich.substack.com/p/how-to-deal-with-trumps-demands-for?utm_source=dlvr.it&utm_medium=mastodon
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2024-11-22 22:08:07 UTC

When Will Trump Turn on Musk? | The Coffee Klatch with Robert Reich https://www.youtube.com/watch?v=mj6piNPJfZM&utm_source=dlvr.it&utm_medium=mastodon
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2024-11-21 17:05:01 UTC

Do you know how much CEO pay has skyrocketed since 1978?
100%? 500%?
Try 1,085%
Meanwhile, the $7.25/hr fed. minimum wage hasn't budged in 15 years and the tipped min. wage has been $2.13/hr since 1991.
This is what I mean when I say the system is rigged.

2024-08-26 19:32:03 UTC

Effective tax rates before and after the Trump tax law:
Verizon
Before: 21%
After: 8%
Walmart
Before: 31%
After: 17%
AT&T
Before: 13%
After: 3%
Walt Disney
Before: 26%
After: 8%
FedEx
Before: 18%
After: 1%
This is what a corporate giveaway looks like.

2024-07-08 16:32:37 UTC

Trump has gone off the rails at recent campaign events. If Biden’s difficulties are fair game, why isn’t Trump’s apparent mental decline front and center?

2024-07-08 15:44:05 UTC

If Trump has “no idea” who the authors behind Project 2025 are, he’s showing an alarming cognitive decline.
He appointed most of them to roles in his administration!
Project 2025 is, in short, the plan to implement what Donald Trump has said he wants to do if he’s reelected.

2024-07-08 15:36:07 UTC

Boeing Is Everything Wrong With American Capitalism | Robert Reich https://www.youtube.com/watch?v=duNbqQj8ewI&utm_source=dlvr.it&utm_medium=mastodon
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2024-07-07 19:03:03 UTC

When I say the Trump tax cuts were nothing more than a trickle-down scam, this is why. Nothing trickled down.

2024-07-06 17:34:04 UTC

Trump’s tax law cut the corporate tax rate from 35% to 21%.
What did corporations do with the money saved?
They didn’t invest it or raise wages.
They spent a record $1 trillion on stock buybacks the year after the law went into effect.
Nothing trickled down to workers.

2024-07-02 16:38:05 UTC

TRUMP: I could stand in the middle of Fifth Avenue and shoot somebody…
SUPREME COURT: Sure. Seems reasonable.

2024-07-02 15:41:04 UTC

So let me get this straight: The so-called "originalists" on the Supreme Court have essentially given the U.S. president the power of monarchs. Just days before the 4th of July, mind you. The hypocrisy is staggering.

2024-07-02 00:14:07 UTC

May I have a word with you? https://t.co/sKU56IlpC9
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2024-07-01 20:44:02 UTC

SCOTUS has ruled that presidents are essentially monarchs who can commit crimes, bribery is legal, federal regulatory agencies have no authority to keep us safe, and homeless people can be punished for being homeless.
Is it any wonder why public approval of this court is so low?

2024-06-30 20:31:05 UTC

It’s important to see the fall of the Chevron doctrine for what it is: a power grab by corporate interests, allowing them to shop for judges who will strip agencies of their power to protect the public.
What happened to the belief that SCOTUS had no role in legislating?

2024-06-30 17:00:33 UTC

What do these corporations have in common?
Exxon Mobil
AT&T
Bank of America
Citigroup
Apple
Google
JPMorgan Chase
Walmart
They each spent MORE on stock buybacks and dividends, which overwhelmingly went to wealthy shareholders, than they paid in taxes after the Trump tax scam.

2024-06-29 20:33:04 UTC

Once again, I just want to say that lavish gifts to Supreme Court justices shouldn’t just be “disclosed.” They should be banned, outright. This should not be a radical position.

2024-06-29 19:09:33 UTC

Big chunks of Texas were under heat warnings this past week — with heat indexes hitting 115°F.
Reminder that Texas Gov. Abbott signed legislation that prohibits cities from mandating employers to provide workers with rest and water breaks.
This is the GOP's vision for America.

2024-06-20 22:03:34 UTC

Billionaire Harlan Crow has spent over $13 million on federal politics since the 2010 Citizens United ruling.
That’s on top of the years he spent secretly dolling out free vacations to Clarence Thomas.
Money in politics is the root of our dysfunction.

2024-06-20 16:25:34 UTC

By withholding a ruling on Trump v. United States, the Supreme Court's far-right justices are effectively giving Trump the immunity he's seeking, making it all but impossible for him to face trial before the election for his efforts to overturn the election and his role in Jan 6.

2024-06-20 00:02:02 UTC

Louisiana's GOP governor signed a law requiring public school classrooms to display the Ten Commandments.
Project 2025, developed by MAGA allies, has plans to infuse ‘Christian nationalism’ in a Trump second term.
Republicans are coming for the separation of church and state.

2024-06-19 17:13:33 UTC

The DOT regulated junk fees. Airlines are suing.
The CFPB capped credit card fees. Banks are suing.
Medicare is negotiating drug prices. Pharma is suing.
The FTC banned noncompetes. Business groups are suing.
Corporate America can't stand government working for the people.

2024-06-18 22:08:02 UTC

Why are we talking about whether paying fast food workers a better wage will drive up the cost of a Big Mac instead of asking how much McDonald's CEO's $19.2 million salary is driving up the cost? Hello?

2024-06-18 19:06:33 UTC

The Biden FTC is on a roll.
It banned noncompete clauses.
It blocked the Kroger/Albertsons merger that would send grocery bills skyrocketing.
Now it's taking action against Adobe for allegedly trapping users in pricey subscriptions.
This is government working for the people.

2024-06-18 16:02:04 UTC

260 million Americans will experience temps above 90F this week.
Now's a good time to remind you that Trump's inner circle devised a 900+ page plan that includes gutting the EPA, halting clean energy projects, and burning more fossil fuels.
It's called Project 2025. Look it up.

2024-06-17 14:26:03 UTC

A wildfire burns outside Los Angeles.
New England will face heat as high as 107° this week.
Florida neighborhoods are under water.
Meanwhile, Trump has called the climate crisis a "hoax" and has promised to roll back Biden's clean energy investments and "drill, baby, drill."

2024-06-16 21:32:03 UTC

Your periodic reminder that Medicare For All would save $450 billion in health care costs and 68,000 lives per year.

2024-06-16 20:06:03 UTC

Typical pay for the 100 highest paid CEOs was over $29M last year.
Much of the compensation was tied to stock gains.
Just so happens that corporations spent ~$800 BILLION on stock buybacks, which artificially boost share prices.
Translation: CEOs are goosing their own pay.

2024-06-16 15:37:32 UTC

"If Ivanka weren't my daughter, perhaps I'd be dating her." -Donald J. Trump, 3/6/'06
Happy Fathers Day to all the dads NOT contemplating dating their daughters.

2024-06-15 22:05:03 UTC

Senate Republicans blocked legislation establishing a binding code of ethics and stricter recusal requirements for Supreme Court justices.
A day later we learned that Clarence Thomas received even more free vacations from GOP megadonor Harlan Crow.
You can't make this stuff up.

2024-06-15 17:41:33 UTC

John Deere has laid off roughly 1000 workers so far this year.
But the company reported a profit of over $10 billion in 2023.
Its CEO received $26.7 million in total compensation.
And it spent over $7 billion on stock buybacks.
Textbook corporate greed.

2024-06-14 22:14:02 UTC

Cost of extending the expiring Trump tax cuts: $4.6 trillion.
Cost of proposed additional corporate tax breaks: $1 trillion
This is why Trump and the GOP are obsessed with cutting Social Security and Medicare.
So they can justify another round of giveaways to corporate donors.

2024-06-14 19:25:02 UTC

In the years after Trump's tax cuts, S&P 500 corporations spent $2.72 trillion on stock buybacks to enrich wealthy shareholders. That's more than what they spent on investments in plants and technology to boost production and create jobs. So much for trickling down, huh?

2024-06-14 15:09:02 UTC

The Supreme Court just overturned a federal ban on bump stocks, the device that let the Las Vegas shooter injure more than 500 people and kill 60 within minutes.
80% of Americans supported the ban — even Trump!
SCOTUS has once again defied the will of the people.

2024-06-13 19:56:32 UTC

All nine Republican senators running for reelection this year just voted against the Right to IVF Act:
John Barrasso
Marsha Blackburn
Kevin Cramer
Ted Cruz
Deb Fischer
Josh Hawley
Pete Ricketts
Rick Scott
Roger Wicker
So much for the party of "freedom."

2024-06-13 17:06:03 UTC

75% of voters support a binding ethics code for the Supreme Court.
They're tired of justices receiving millions of dollars in gifts from political donors, some of whom have cases before the court.
So why did Senate Republicans block a SCOTUS ethics bill yesterday?
Hello?

2024-06-12 21:09:02 UTC

Banning medical debt from credit reports.
Cracking down on junk fees.
Banning non-competes.
Capping credit card fees.
Negotiating drug prices.
Expanding OT pay.
These Biden policies don't make headlines, but this is what it looks like when government works for the people.

2024-06-12 20:13:03 UTC

Harlan Crow and other GOP megadonors have provided Clarence Thomas with gifts valued at over $4 million. They include...
-38 destination vacations
-26 private jet flights
-6 helicopter flights
-Yacht voyages
Still wondering why SCOTUS approval ratings have hit record lows?

2024-06-12 03:03:33 UTC

There is one thing — and one thing only — that Trump wants from his vice president: Absolute loyalty.
If they won’t serve Trump’s will over all else, they’re immediately disqualified.
This is how things work in a dictatorial regime.

2024-06-10 15:03:03 UTC

In a misguided effort to be "unbiased," most news media have stopped calling Trump's Big Lie about the 2020 election what it is. Instead they're using terms like "false statements" or "claims without evidence."
Memo to the media: Calling out lies isn't "biased." It's your job.

2024-06-07 20:34:03 UTC

59 years ago today, Griswold v. Connecticut guaranteed the right to birth control.
Justice Thomas says the Supreme Court should "reconsider" that ruling.
And this week, 38 GOP senators voted against the Right to Contraception Act.
Republicans are coming for birth control.

2024-06-07 14:59:03 UTC

Unemployment has been at or below (mostly below) 4% since the end of 2021.
4 years ago, Trump called it "joyous" &"stupendous" that unemployment was only 13.3%.
In the "booming" Reagan years, unemployment averaged 7.5%.
Pres. Biden is presiding over historically strong growth.

2024-06-06 02:35:32 UTC

Four years ago today, Trump called it "stupendous" and "joyous" news that American unemployment was only at 13.3%.
Four years later, unemployment has been under 4% for 27 straight months.
Yes, we are indeed better off than we were four years ago.

2024-06-05 17:54:32 UTC

The Senate will vote shortly on a bill to prevent birth control from being banned. Republicans previously blocked attempts at this and may do so again.
If you'd told me 60 years ago that we'd be debating whether birth control should be legal in 2024, I wouldn't have believed it.

2024-06-05 08:09:08 UTC

Office Hours: Why is the world drifting toward authoritarianism and neofascism? https://robertreich.substack.com/p/office-hours-why-is-the-world-drifting?utm_source=dlvr.it&utm_medium=mastodon
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2024-06-04 21:07:33 UTC

Trump has threatened a 10% tariff on all imports.
Tariffs can be used strategically, but a blanket tariff is effectively just a sales tax on American consumers.
Trump's tariff tax would cost the average family an extra $1,500 year.

2024-06-03 21:11:04 UTC

50 billionaire families have already poured $600M+ into this year's elections — mostly in support of Trump.
That's only 0.6% of their total wealth. It essentially costs them nothing to drown our democracy in dark money.

2024-06-03 15:17:03 UTC

The more Trump can tear down democracy, the safer the oligarchy becomes.
This is why the billionaires who once disavowed him are quietly crawling back.
The ultra-rich will do anything to protect their wealth and power.
That includes destroying democracy itself.

2024-05-31 17:05:04 UTC

34 felony convictions
54 pending criminal charges
2 impeachments
2 popular vote losses
$88M owed to E Jean Carroll
$450M owed for civil fraud
$8T added to nat'l debt
2.9M net loss of jobs
Is this what Trump meant when he promised "numbers like we've never seen"?

2024-05-31 16:08:33 UTC

TRUMP: If they can do this to me, they can do this to anyone.
Yes. If you commit 34 felonies by filing false business records to cover up election interference, you too can be convicted by a jury of your peers via the due process of our criminal justice system.

2024-05-31 14:43:03 UTC

Where are the editorials calling for Trump to drop out of the race and allow Republicans to choose a non-felon as their nominee?

2024-05-29 18:34:07 UTC

GE Greed https://www.youtube.com/watch?v=yhCfhMJGdrY&utm_source=dlvr.it&utm_medium=mastodon
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2024-05-29 15:48:03 UTC

A recent report found that Americans have become less likely to go out for a workday lunch, and more likely to eat a brought-from-home lunch at their desks.
Do you go out for a lunch break? And if not, why not?

2024-05-28 18:08:04 UTC

The info about Trump's alleged affairs that he's accused of conspiring to withhold from voters easily could've swayed the 2016 election.
Remember, the race came down to fewer than 80,000 votes across several swing states, with "family values" voters being key to his victory.

2024-05-28 15:05:33 UTC

Trump insists on calling Manhattan DA Alvin Bragg "Soros backed" (posting the phrase at least 3x in the last 24 hours).
George Soros did not endorse or contribute to Bragg. By falsely connecting them, Trump is playing into a range of baseless antisemitic conspiracy theories.

2024-05-28 08:04:43 UTC

The dangerous anti-democracy coalition https://robertreich.substack.com/p/the-anti-democracy-alliance?utm_source=dlvr.it&utm_medium=mastodon
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2024-05-27 18:14:02 UTC

If inflation comes up at the BBQ today, don’t forget to draw attention to a deeper structural driver of high prices: the concentration of the economy in the hands of a few corporate giants with the power to price-gouge, even as they rake in record profits.

2024-05-27 17:04:03 UTC

Trump called fallen service members "losers" and "suckers" — according to his chief of staff — he publicly accused soldiers with PTSD of not being "strong," demeaned POWs, and insulted Gold Star parents & a widow. When he pretends to honor service members today, don't believe it.

2024-05-27 08:04:44 UTC

The true meaning of Memorial Day, and the upcoming election https://robertreich.substack.com/p/the-true-meaning-of-memorial-day?utm_source=dlvr.it&utm_medium=mastodon
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2024-05-21 19:01:33 UTC

In his speech to the NRA, Trump yet again suggested he might serve more than two terms.
The 22nd Amendment bars that, but if the 14th Amendment didn't apply to him, why should any others?
If Trump wins, do you believe he will leave office at the end of a second term?