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Today we’re launching The #GoodLife Agenda.
We’ve spent decades told that if the economy grows, people’s lives will get better.🧵
Roosevelt Institute
31.3K posts
Roosevelt Institute
@rooseveltinst
Advancing ideas that rebalance power in our economy and democracy.
- @AOC expresses concern that inflation hysteria will cause premature rate hikes before we reach full employment. "This means millions of Americans, especially marginalized communities of color, will be left with limited opportunities to be employed at an adequate, livable wage.”
00:00 - Replying to @rooseveltinst @RBReich and @guardianEye-opening chart: As union representation dropped in the US, the share of income held by the top 10% skyrocketed.
- Cancelling up to $50,000 of student debt would increase overall Black wealth by 40%. @louise_seamster, @tmshapiro, Raphaël Charron-Chenier, and Laura Sullivan examine how we can reduce the #RacialWealthGap if we #CancelStudentDebt: bit.ly/3mvYNA8Replying to @SenWarrenCanceling student loan debt will provide immediate relief to millions struggling during this pandemic. It will increase Black & Latinx families’ wealth & help close the racial wealth gap. And it will deliver a much-needed boost to our economy. #CancelStudentDebt
- Today, we’re joining @SenSchumer @SenWarren and @RepPressley in calling for @POTUS to extend the student loan payment pause and #CancelStudentDebt, recommendations supported by our research. bit.ly/30b4ixM
- Last week at the Franklin D. Roosevelt Distinguished Public Service Awards, we honored @RepMaxineWaters and @CWAChrisShelton for their dedication to public service. #DPSA2019 bit.ly/2HK4UOW
- McDonald's boasted a staggering 52% operating profit margin in 2023, topping the fast-food charts. McDonald's also experienced the 2nd-highest growth in markups during the past decade. McDonald's can afford the new CA $20 min. wage without ⬆️ prices.McDonald’s workers in Denmark make over $20/hr, and a happy meal is $6.20. So maybe we have a greedy boss problem here, not a minimum wage is too high problem.
- As we approach the end of the pause on #StudentDebt payments and interest, @SenWarren renews calls to cancel $50,000 in student debt per borrower—an act that, along with extending the pause, could eliminate student debt for 85% of Americans.
- GM last month: We can't afford a union contract that would improve worker pay and benefits and cost us $9.3 billion over 4.5 years. GM now: We CAN afford a $10 billion share buyback and 33% dividend increase *this year* cnn.com/2023/11/29/bus…
- Today is #BlackWomensEqualPayDay which marks how long Black women in the US have to work—from the start of 2020 through August 2, 2021—to earn as much as White men earned in 2020 alone.
- In the Moore v. US case, Justices Roberts & Alito are two of the most notable shareholders that would benefit from a broad ruling. Their refusal to recuse themselves raises major concerns about conflicts of interest & their influence on the case. bit.ly/SCOTUSTaxGivea…
- Understanding the threat of the #StudentDebtCrisis on our recovery, we join @SenSchumer @SenWarren and @RepPressley in calling for @POTUS to extend the loan repayment pause and #CancelStudentDebt.
- Over the past 45 years, tax rates for the wealthiest Americans decreased by 51%, while median-income taxpayers saw just a 15% decrease. The bottom 10%? Their tax rates *increased* by 10%. We need a new tax code. @ENPancotti rooseveltinstitute.org/publications/t…
- Corporations are using their power to raise prices under the guise of inflation & making record profits doing it. We need govt. action to reign it in. @owenslindsay1 @DionRabouin @RBReich join other experts to explain what's happening on @pbsnewshour:
