I grew up listening to Rush Limbaugh 3 hours a day as a home-schooled kid. My parents idolized him.

5 years ago my parents called me: "Rush is about to talk about you!"

I was in the news for slashing my CEO pay to raise our min wage to $70k. I excitedly turned on his show (1/6)
Rush said: "I hope this company is a case study in MBA programs on how socialism does not work, because it’s gonna fail."

I was completely devastated. My dad said he thought Rush got this one wrong. But it was a huge blow and led to a flood of hate-mail against me. (2/6)
Rush turned out to be right: we were a MBA case study. Harvard Business School concluded the $70k min wage was a huge success. Our revenue tripled. Retention and productivity skyrocketed. We were featured as success stories everywhere from the BBC to the New York Times. (3/6)
Rush incorrectly described our company - saying everyone would make $70k, when in reality only me and a few new employees do. It's a min wage. It's not socialism, and he knew that.

He never agreed to have me on to give my side. He never did an updated story on our success. (4/6)
To this day, his listeners assume we failed. One of the top auto-complete Google searches for our company is "out of business."

I've had 5 years to tell our story and prove him wrong, but most people who are crushed with misinformation don't have that luxury. (5/6)
I'm sad Rush Limbaugh died, and my thoughts are with his family. I know it's a sad day for a lot of people. But I'm not sad that his show is over. My little story of crossing paths with him was one segment among thousands of episodes. He hurt a lot of people with his words. (6/6)

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More from @DanPriceSeattle

6 Feb
In pandemic
Postmates sold for $2.6B
GrubHub stock douled
DoorDash founder made $3B
Uber Eats revenue up 125%

They charge restaurants 30% fees

Revenue for small restaurants we serve: down 45%. With delivery fees, they can lose money on transactions

Support restaurants directly
Small restaurant revenue vs year prior
April 2020⬇️73%
May⬇️63%
June⬇️50%
July⬇️46%
Aug⬇️43%
Sep⬇️43%
Oct⬇️35%
Nov⬇️43%
Dec⬇️51%
Jan 2021⬇️45%

The "best" month, with lockdowns lifted, was still 2x worse than peak 2009 recession.

source: our Gravity Payments processing data
"So why don't restaurants just not use delivery apps"

Most can't afford to set up a website delivery system and would automatically go under if they don't try.

Others don't have a choice - these apps set up services without the restaurants' consent buzzfeednews.com/article/veness…
Read 7 tweets
2 Feb
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…
Read 5 tweets
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
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
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
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

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