A year ago, I called out CEOs and the Business Roundtable for their single-minded focus on maximizing shareholder value at the expense of workers. Looks like they finally got the memo. But without real action, their announcement is meaningless. cnn.com/2019/08/19/inv…
Jamie Dimon, CEO of JPMorgan Chase, leads the group that put out yesterday's statement. Will he put his money where his mouth is and actually raise pay for workers instead of spending billions on stock buybacks for shareholders? cnn.com/2019/04/10/pol…
Another question: Dimon and the Business Roundtable have been busy lobbying for NAFTA 2.0. Will they change their tune now and back American workers and unions who are fighting for a better agreement? thehill.com/business-a-lob…
Here’s the bottom line: If Dimon and the Business Roundtable are serious about their statement, we need to see real action. They can start by empowering workers and supporting my Accountable Capitalism plan. vox.com/2018/8/15/1768…
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To everyone who is afraid of what happens next, I share your fears. But what we do next is important.
We have to learn from what happened. And then, make a plan. As we confront a second Trump presidency, here’s a path forward: 🧵
1. We have to fight every fight in Congress. We won’t always win, but we can slow or sometimes limit Trump’s destruction. With every fight, we can build political power to put more checks on his administration and build the foundation for future wins.
During the Trump years, Congress stepped up its oversight of his unprecedented corruption and abuses of power.
Imagine you’re standing in the frozen food aisle, staring at a pint of ice cream. The price tag isn’t printed on paper, like usual—now it’s a digital display. With a camera pointed right at you. 🧵
It’s now more convenient for the store to change the price—how often do they take advantage of that? Does the price surge on a hot day? By how much?
If you pick up a pint even though the price has shot up, does the facial recognition software store your demographic data and use it to estimate how willing different customers are to pay certain prices?
You know who’s cheering for J.D. Vance? Billionaires. Election deniers. And anti-abortion rights extremists. But this pick is bad news for everyone else. Here’s why:🧵
Vance thinks seniors should get by with less—he’s called Social Security & Medicare “the biggest roadblocks to any kind of real fiscal sanity.” He thinks sick people should pay more—opposing the ACA, which Trump promises to repeal. And he wants more tax breaks for billionaires.
Vance thinks everyone should get by with less EXCEPT the billionaires. He’s backing Trump as he proposes another billionaire tax break that is worth $3.5 million apiece, every year—$3.5 million a year for every billionaire.
Recently, Red Lobster declared bankruptcy, and even though it’s no laughing matter, the jokes practically wrote themselves—how could a company that offers endless shrimp NOT run out of money? But let’s look below the surface:
Red Lobster’s real downfall wasn’t endless shrimp—it was private equity’s endless greed.
You see, a private equity firm bought Red Lobster in 2014, & did their thing: looted profits, loaded Red Lobster up with debt, & saddled the restaurant chain with extra real-estate costs.
They followed a blood-sucking model that reaps rewards for private equity owners but leaves communities, workers, and customers holding the bag.
When I first ran for Senate, I talked about the student in Worcester who worked hard to get a college education but was drowning in student debt. Now, I’ve helped deliver student debt cancellation for nearly 5 million hardworking people in Massachusetts and all across America.
When I first ran for Senate, I spoke with seniors in Barnstable who couldn’t afford their medicine at the end of the month. Now, I’ve helped deliver $35 dollar/month insulin and a $2,000/year cap on prescription drugs under Medicare.
When I first ran for Senate, I spoke with construction workers in Malden who struggled to find work. Now, under President Biden’s Bipartisan Infrastructure Law, I’ve helped bring home $20 billion for projects that are rebuilding our Commonwealth and creating good union jobs.