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Dan Price Profile picture
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2 Feb, 5 tweets, 2 min read
What they did to Rep. Alexandria Ocasio-Cortez is completely and utterly disgusting. Her strength is seemly endless. Incredible to see a heroine rise to a moment like that.
*Seemingly*
Hey everyone, you should watch her Instagram live. Everyone should watch it. Will be civics 101 - no exceptions
For those questioning what I am saying, watch this video with an open mind. Then check out her other videos. Don't watch her on MSNBC or FoxNews. Just watch the damn videos and make up your own mind. instagram.com/tv/CJ-OkgNAO1N…
Here is a thread this gentleman put together on it. Major trigger warning. You may need some support to watch this if you have been through trauma.

Here is a congresswoman from California Rep Katie Porter explaining what happened

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More from @DanPriceSeattle

Dan Price Profile picture
1 Feb
There is no connection between the stock market and reality.

A thread:

1. Airlines spent 96% of free cash flow on stock buybacks for a decade, then cut 90,000 jobs as soon as trouble hits. Then they got a $50 billion bailout
bloomberg.com/news/articles/…
2. GE promised its CEO a huge bonus if stock hit $19. It didn't

So GE re-did contract so the bonus kicks in at $10/share

The CEO cut 20% of aviation staff to increase profits and raise the stock to $10

His bonus: $47M. If it goes up again he gets $270M
ft.com/content/c84bde…
3. JCPenney
April: furloughed 85,000 employees
May 10: Gave CEO $4.5 million bonus on top of $17 million/year in pay
May 15: went bankrupt
Oct: laid off 15,000 people
Dec: closed 150 stores
Now: CEO left with $4.5M bonus after stock fell 88% in her 2 years
cnn.com/2020/12/30/inv…
Read 42 tweets
Dan Price Profile picture
27 Jan
Proud to announce plans I've been working on with lawmakers for the nation's first billionaire wealth tax, in WA state.

Under the 1% tax, Jeff Bezos would pay $1.9 billion. He makes that in a week.

WA has the most regressive tax system in the country.
app.leg.wa.gov/billsummary?Bi…
The revenue from a wealth tax on Washington's billionaires would singlehandedly make up our state's $3.3 billion budget shortfall while leaving taxes the same for 99.999% of residents.

It makes no sense to gut education and critical services further to protect the rich.
Washington is one of the few states with no income tax. We have the most upside-down tax system in America: low-income residents pay 18% of their income on taxes. The rich pay 3%.

Nationally, billionaires pay the lowest tax rate of any income group.
nytimes.com/interactive/20…
Read 4 tweets
Dan Price Profile picture
26 Jan
"$15 an hour will increase prices"

Costco: pays workers well, same prices as Walmart's Sam's Club

In-n-Out: pays workers well, same prices as McDonald's

Best Buy, Target & Home Depot: raised pay 20% in pandemic, same prices

All 5 pay over $15. They made $15B+ profit in 2020.
Funny, when there's a plan to raise the minimum wage to $15 an hour, big businesses say "we''ll have no choice but to raise prices."

But when they got $1.9 trillion in corporate tax breaks, not one big business said "good news! we're able to lower prices."
Jeff Bezos net worth when Amazon enacted $15/hour min wage: $135 billion

Jeff Bezos net worth now (2.5 years later): $192 billion

Amazon quarterly profit grew 120% in that span
Read 5 tweets
Dan Price Profile picture
13 Jan
Compared to white people:
*Black-owned homes devalued 23%
*Black-owned property taxes 13% higher
*Bank fees 2x higher for black customers
*Black-owned biz closed at twice the rate in pandemic
*Black people w/ NO criminal record earn $10k less than white people w/ criminal record
Sources on all that
1. Homes devalued nytimes.com/2020/08/25/rea…
2. Property taxes washingtonpost.com/business/2020/…
3. Bank fees cnbc.com/2021/01/13/bla…
4. Small business closures bloomberg.com/news/articles/…
5. Pay/criminal record comparison brennancenter.org/our-work/resea…
*Black college grads have 50% less wealth than white high school dropouts
*Top 10 most-audited counties are 79% people of color
*Black-white homeowner gap is bigger now than 120 years ago
*Electoral college gives white people 16% more voting power than Black people
Read 24 tweets
Dan Price Profile picture
9 Aug 20
There are a lot of easy and popular public policy wins we could go after right now

But we are all too hung up on hating the other side and the horse race to force our elected officials to do anything about it
Want examples? A small UBI, mental health care access, educational access including early childhood and before and after school care, shoring up social security, medicare, and medicaid, expansion of medicare to cover everyone who wants it,
immigration reform with guest worker programs and a path to citizenship, adoption reform to make adoption way easier and without sacrificing safety, ending mass incarceration, beefing up gun safety protections, police reform,
Read 6 tweets
Dan Price Profile picture
30 Jul 20
A brief story of the huge wealth transfer quietly transforming America:

The small business recovery has plateaued. For 2 months, revenue has been down 15-20%, the same as the 2009 peak.

Basically small biz have settled in to a Great Recession 2.0

22% have already closed
(1/4) Image
So small businesses are being decimated. How are big corporations doing? Thriving.

The value of the 500 biggest companies is up 8% in the last year.
Zoom in to the 100 biggest (mostly tech) companies? Up 35%.

The bigger a company is, the better it can weather this storm.
(2/4) ImageImage
What effect has this had? Nearly a fourth of small business owners have lost their life savings this year.

Net worth gain this year for owners of:
Amazon: $87 billion
Tesla: $43B
Microsoft: $21B
Walmart: $15B
Google: $15B
Facebook: $10B
Oracle: $6B
Twitter/Square: $4B
(3/4)
Read 4 tweets

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