America’s largest companies are fueling record inequality, says new study

In the UK they've tried to label this as the cost of living crisis, as if the change in value due to inflation it put to some kind of inflation control account in the sky.

Its always been the corporate greed crisis. You'll even get corporate bootlickers trying some kind of "its not like they just became greedy." Which is true. However, they've never had such a good excuse to whack up their prices, to see what sticks, and have the very same people they're ripping off stick up for them rather than use their brains before.

Stock bros with just enough knowledge to be dangerous types.

This is the best summary I could come up with:

What’s happening: The 200 largest publicly traded companies in the United States saw their combined net profits soar to $1.25 trillion in 2022, a gain of 63% from 2018.

These are just unbelievable numbers that indicate we are in a new Gilded Age,” said Irit Tamir, senior director of Oxfam America’s private sector department.

Oxfam’s report — collected by analyzing companies’ 10-Ks, proxy statements and other public data — found that the retail sector, which is the most demographically diverse in the country, was also the least equal.

“No billionaire should pay a lower tax rate than a teacher, a sanitation worker, a nurse,” he said in his State of the Union address on March 7.

However, there are lock-up restrictions that would likely prevent Trump from selling or even borrowing against the value of that stock for months, reports my colleague Matt Egan.

Devin Nunes, the CEO of the combined company, said in a statement that the business will move to “reclaim the Internet from Big Tech censors.”

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