As hundreds of thousands take to the streets to protest ruthless police killings of Black Americans and centuries of systemic racism, and Donald Trump and his enablers cast the protesters as violent “looters,” former Labor Secretary Robert Reich exposes the real looters in America: Wall Street bankers in designer suits and corporate executives in lofty boardrooms.
While more than 10,000 people have already been arrested during the Black Lives Matter uprising, only 1 Wall Street banker was jailed for fraud after the 2008 financial crash, despite causing American households to lose a combined $19 trillion in wealth. Today, even in the midst of a global pandemic, America’s billionaires have seen their wealth soar by $434 billion — thanks to the bailouts and tax breaks they lobbied for.
The looting doesn’t stop there: just think of the epidemic of wage theft in America — with employers stealing a combined $15 billion in income from their workers every year. Not to mention multibillion-dollar companies not paying a single dime in federal taxes, and predatory payday lenders that target communities of color and trap borrowers in a cycle of never-ending poverty.
This needs to end. Stand together, and know the truth about who’s really looting America.
Truth is not fake news. Justice is not fake news.
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BLACK LIVES MATTER
