Patricia Maggie 📎☘️

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Just a reminder that you really shouldn’t record missiles while they’re coming in. There’s always a chance they *won’t* be intercepted.

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@aakashgupta @IAmPoliticsGirl

In 2017, the government cut the corporate tax rate from 35% to 21%. Corporations promised to raise worker wages with the savings. Here’s what they actually did. S&P 500 buybacks jumped 55% in one year, from $519 billion in 2017 to $806 billion in 2018. By 2024, buybacks hit a record $942.5 billion. Goldman Sachs projects they’ll cross $1 trillion in 2025. Every dollar of buybacks inflates the stock price. The top 10% of Americans own 87% of all stocks. The bottom 50% own roughly 1%. So the government cut taxes on corporations. Corporations sent the cash to shareholders. Shareholders were already the wealthiest people in the country. Then the government said “we’re all in this together.” Run the scoreboard. Workers’ share of GDP hit 53.8% in Q3 2025, the lowest since the Bureau of Labor Statistics started tracking in 1947. It was 70% back then. Fortune 500 profits hit a record $1.87 trillion in 2024. The top 1% now hold $55 trillion in wealth. The bottom 50%, all 66 million households, hold $4.1 trillion. The gap between corporate profits and worker compensation as a share of GDP is now the widest since World War II. Airlines are building $25,000 first-class suites while McDonald’s sells $5 value meals. Both rational responses to the same economy splitting in half. The meme is a period drama. The Federal Reserve’s data from last quarter says the ratio is generous.

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Beware The Ides of March!

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