While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.
If you are wondering why we continue to pay, by far, the highest prices in the world for prescription drugs, you should know that Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that could be used as an excuse to raise prices. Once those prices were raised, they aren’t coming down unless people stop buying and there is a glut of product that has to be addresses by lowing them. Since people are going to buy groceries, meds and gas as long as they possibly can, the rich will get richer while the middle class gives up everything but these necessities.
California was also the top state where Texans moved to in 2022. The report said about 42,000 people moved to the Golden State from Texas. Here’s the most popular states where Texans moved to in 2022: California: 42,000.
This is weird. Insurance companies like to collect premium payments and not pay claims. If an area has massively higher homeowner claims than other areas, the cost in that area will go up. Don’t build homes in the middle of a forest, then complain about insurance costs if the whole forest burns. Repeatedly.
blueberries are delicious Premium Member 28 days ago
Ummm. You are losing your homeowners insurance due to the effects of climate change…. what a weird cognitive dissonance
Diane Lee Premium Member 28 days ago
While employers squeeze workers and their unions for cuts to health care and other benefits, the CEOs of major corporations now make nearly 400 times more than their average employees, the largest employer-worker gap in our history. While 60 percent of Americans are living paycheck to paycheck– with three multi-billionaires owning more wealth than the bottom half.
If you are wondering why we continue to pay, by far, the highest prices in the world for prescription drugs, you should know that Pfizer has increased its profits by 42 percent so far this year to $26.4 billion.
Gasoline? Profits of Exxon Mobil, Chevron, BP and Shell skyrocketed by 169 percent so far this year to $125 billion. They are spending over $73 billion not to reduce gas prices at the pump but to buy back their own stock and increase dividends to their wealthy stockholders.
Groceries? Global food prices skyrocketed by over 33 percent last year and are expected to go up another 23 percent this year. Billionaires in the global food and agri-business industry became $382 billion richer during the pandemic.
Covid actually did cause problems that could be used as an excuse to raise prices. Once those prices were raised, they aren’t coming down unless people stop buying and there is a glut of product that has to be addresses by lowing them. Since people are going to buy groceries, meds and gas as long as they possibly can, the rich will get richer while the middle class gives up everything but these necessities.
Radish the wordsmith 28 days ago
California was also the top state where Texans moved to in 2022. The report said about 42,000 people moved to the Golden State from Texas. Here’s the most popular states where Texans moved to in 2022: California: 42,000.
Judge Magney 28 days ago
In this specific case, I’d bet she lost her home insurance because here home wasn’t up to code. And that’s the sole reason.
Kurtass Premium Member 27 days ago
Shouldn’t that be Florida?
Al Fresco 27 days ago
Californians stay where you are. Please, do not move to Arizona. We like it here and don’t want it ruined by you liberal scum.
tpcox928 27 days ago
This is weird. Insurance companies like to collect premium payments and not pay claims. If an area has massively higher homeowner claims than other areas, the cost in that area will go up. Don’t build homes in the middle of a forest, then complain about insurance costs if the whole forest burns. Repeatedly.