New data reveals a massive “transfer of wealth” from the working class, which is paying higher prices as consumers, to the investor class reaping the financial benefits. As inflationary pressure drives up costs throughout the economy, a new analysis out Wednesday reveals that corporations are raking in record profits by jacking up prices at the grocery store, gas pump, and […]
“CEOs can’t stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring,” said one expert. Federal data released Wednesday shows that U.S. corporate profits jumped 25% to record highs in 2021 even as the coronavirus pandemic wreaked havoc on the nation’s economy, disrupting supply chains, hammering low-wage workers, and helping to […]
The survey found that 80% of voters want the federal government to “crack down on large corporations that raise prices unfairly.” New polling results published Monday show that a majority of U.S. voters see corporate profiteering as a key driver of inflation and support a federal crackdown on companies that are “unfairly” pushing costs onto consumers. […]
“The more sway mega-corporations have over our economy, the more power they have to gouge customers, squeeze Main Street, and exploit workers.” Amid mounting data showing that people are paying more for food at grocery stores around the United States, a new analysis out Wednesday reveals how corporate power is “the real culprit behind rising prices at the […]