Rakeen Mabud
@rakeen_mabud
Chief Economist + Senior Fellow @Groundwork. Board member @NELPNews. Alum @RooseveltInst @USTreasury. Views and typos all mine.
ID: 2755758059
30-08-2014 11:37:29
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1. The dollar store chains have found yet another way to rip off their customers: Dollar General and Dollar Tree/Family Dollar charge steep cash-back fees, as much as $2.50 for a $40 withdrawal. This is according to new study out from the consumerfinance.gov: consumerfinance.gov/data-research/…
“Kroger Co. hiked prices on milk and eggs more than needed to account for inflation, the company’s top pricing executive testified” The thing is, execs all over the economy were saying this stuff on their earning calls back in 2021. This was not a secret. bloomberg.com/news/articles/…
“[T]he grocery industry, as represented by four of its largest players, became more profitable in the pandemic, & it has stayed that way for a couple of years at least. It is a good guess that price increases in excess of cost increases have played a role in this.” Robert Armstrong
![“[T]he grocery industry, as represented by four of its largest players, became more profitable in the pandemic, & it has stayed that way for a couple of years at least. It is a good guess that price increases in excess of cost increases have played a role in this.” <a href="/rbrtrmstrng/">Robert Armstrong</a>](https://pbs.twimg.com/media/GWEQPhsWAAAewJ4.jpg "Isabella M. Weber (@isabellamweber) on Twitter photo “[T]he grocery industry, as represented by four of its largest players, became more profitable in the pandemic, & it has stayed that way for a couple of years at least. It is a good guess that price increases in excess of cost increases have played a role in this.” <a href=\"/rbrtrmstrng/\">Robert Armstrong</a>")
From me: Since Kamala Harris announced her priority of lowering costs in food & rent, the biggest merger of the year was proposed between food giants, a grocery merger challenge yielded admissions of price gouging, & DOJ indicted an algorithmic rent-fixer. prospect.org/economy/2024-0…
New from David Stein & Roosevelt Institute : “Democratic deficit hawks ratcheted down the expectations of governments, suggesting that the most important thing policymakers could do is not to provide for the public, but to satisfy private investors.” rooseveltinstitute.org/publications/t…
Today, Elizabeth Pancotti and I addressed some of the most common misunderstandings that people have about the Billionaire Minimum Tax. Let's start by understanding what the policy really is: it's essentially withholding for billionaires.
.Nirupama Rao: Passthrough deduction mostly a giveaway to business, sparking little to no economic activity. Much of this income isn't return to capital but rather mischaracterized labor income. Equitable Growth's "Evaluating Economic Policy Stakes for 2025" w/ Jeanna Smialek
The great Lenore Palladino has written a devastatingly brilliant treatise on shareholder capitalism called GOOD COMPANY. It publishes in December and she isn’t tweeting about it. RT to shame her/like to support her.
Add Good Company to your reading list! Lenore Palladino is today’s best critic of the myth of shareholder value.
shareholder primacy is, when you stop & think about it, an *extremely* odd way to run a productive business enterprise I wrote a book about how to reform economic policy to move beyond it it comes out December 5th from the UChicagoPress press.uchicago.edu/ucp/books/book…
Our food in their hands: We all knew market concentration in the food sector is bad. But seeing this chart from Farm Action latest report is simply shocking.
