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larryallen.bsky.social
Professor Emeritus of Lamar University, Ph.D in Economics, University of Arkansas, Author, A lifetime of random reading in Economics, World History, Philosophy, World Literature
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This cause is close to my heart - please sign: sign.moveon.org/petitions/br...

Trump's EPA just moved to reverse state and local bans on toxic "forever chemicals" that can lead to birth defects and cancer.  So much for "Make America Healthy Again." https://www.theguardian.com/environment/2025/apr/05/trump-pfas-toxic-forever-chemicals

The United States is the richest country in the history of the world. But who benefits from those riches? Consider: the richest 10% of Americans hold nearly 70% of the nation’s wealth – while the bottom 50% hold just 3%. See the problem?

If Trump can claim a "national emergency" to disappear legal residents without due process, what’s to stop him from doing the same to U.S. citizens who oppose him? No one is safe — not even people legally in the country, possibly not even American citizens. Fascism is here.

Corporations who donated to Republicans were more likely to get tariff exemptions during Trump's first term. Now, tech companies like Apple are getting major tariff carveouts. Who donated $1M to Trump's inauguration? Apple CEO Tim Cook. It's crony capitalism.

What serenity looks like.

This is the budget resolution that Republicans have voted for. Another reminder that we have socialism for the rich, harsh capitalism for the rest.

After massive public backlash, the Social Security Administration is rolling back its disastrous cuts to phone services. This is a huge victory for the public against DOGE's rampage. Keep up the fight.

"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed." -Dwight D. Eisenhower, 1953

Trump says tariffs will help US workers, but he may actually be putting them out of a job. Not only do tariffs make it harder for American companies to source products, but retaliation from our trading partners will shrink export markets. In a trade war, there are no winners.

15 years ago the Supreme Court decided corporations are people under the First Amendment. Today, billionaire political spending is up 160-fold since that ruling. We must overturn Citizens United. Every day, it corrupts our politics and erodes our democracy.

📸 She blossomed again, washed by the cold rains, like a soul that blossoms, purified by storms and trials.🌷🕊 04.04.2025, Ukraine 💛🩵 #magnoliablossom

These are frightening times. Your courage and tenacity are desperately needed. They will be needed for the rest of this year and next, and the years thereafter. Which is why you must also take care of yourself. robertreich.substack.com/p/sunday-tho...

“Take away freedom of speech, and the creative faculties dry up.” — George Orwell

This cause is close to my heart - please sign: sign.moveon.org/petitions/tr...

Programs like Social Security and Medicare act as a spending cushion that make recessions shorter, shallower. Absent these programs, recessions become longer and deeper with more long-term damage in terms of bankruptcies.

America has never been subject to this level of authoritarianism, and quite frankly, sheer incompetence. Out of the ashes, this moment should radicalize us to embark on an era of new reform — of our economy, our democracy, and our commitment to social justice and the law.

In the 1800’s new technologies drove increases in national output, creating more goods available for export. Just when life seemed most rich, countries set about erecting tariffs. As infant mortality dropped, deaths from war shot up.

Our economy is far larger than it was decades ago. Where have most of the gains gone? To the top. Any path forward must include a fight to restructure the economy toward more widely shared prosperity. This isn’t a blue state vs. red state phenomenon. It’s a class phenomenon.

Increasing the size of government after the Great Depression made the economy less cyclical. Those wanting unanchored, unregulated capitalism reminds one of the youngster begging to ride the roller coaster, forgetting that the last time he rode it, it made him sick.

The US has long been a powerhouse in basic scientific research, medical breakthroughs and subsequent biomedical businesses. Trump is undermining this and we will suffer the consequences.

Superpower competition between communist Russia and the U.S. took the form of which country provided the most consumer goods to its citizens. Now superpower competition takes the form of which country offers the best deal for its billionaires. Tariffs, Social Security mean less consumer goods.

If Trump can disappear them, he can disappear you. https://robertreich.substack.com/p/if-trump-can-disappear-them-he-can

This cause is close to my heart - please sign: sign.moveon.org/petitions/re...

@greenpeace.org and @greenpeaceusa.bsky.social just lost $660M lawsuit from fossil fuel giant Energy Transfer for supporting peaceful protest. I stand in solidarity with Greenpeace against this attack on our right to speak out #ImWithGreenpeace Find out more: www.greenpeace.org/internationa...

Millionaires are officially done paying into Social Security for the rest of 2025 as of today.  If we want to ensure Social Security’s long term future, we must scrap the cap and make the wealthy pay their fair share.

Households in the top 5%, with incomes over $320,000, would receive roughly HALF of the benefits of extending Trump's expiring tax cuts. How are Republicans planning to pay for this? With massive cuts to programs that the rest of America relies on. Trickle up economics.

DOGE has attacked life-saving programs, including: -Malaria & HIV/AIDS prevention -NOAA forecasting & FEMA disaster response -USDA food safety -FAA aviation safety -FDA flu vaccine research This will result in needless suffering — all to pave the way for billionaire tax cuts.

This is disgraceful. These Native American veterans helped us defeat fascism and win WW2. Pure racism.

Trump says he’ll use revenue from tariffs to “offset” more big tax cuts. Those tax cuts will disproportionately benefit wealthy Americans and big corporations. But revenue raised from tariffs will be coming disproportionately from average working people. It's another scam.