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Robert Reich

“We can’t afford to pay our writers more.”

Meanwhile, media company CEO pay is through the roof:

Netflix CEOs: $51M & $50M
Nexstar CEO: $39M
Warner Bros. Discovery CEO: $39M
Comcast CEO: $32M
Paramount CEO: $32M
Walt Disney CEO : $24M
AMC: $24M
Fox Corp CEO : $22M

Hello?

@rbreich They won't. Becasue those writers aren't famous. That means they are 'liability'. They'll pay for their starts(which are their assets, or at least what we know) and CEO's. Even if they do get a raise, they'll cut as soon as another crisis, they'll cut again. Same thing with set workers. I know it's unethical, but that's reality.

@Theosuwb @rbreich It's capitalism. Capitalism is what's not right.

@rbreich It’s especially egregious when you consider how much money is made off the backs of those writers.

@rbreich reposting, just for you! 😀

Just so I understand: #Disney, who've spent millions of $ over the years changing US #copyright laws to ensure that anyone using their work has to pay fees every time they use it (in perpetuity), don't want to pay the writers fees for the moneymaking work they create for Disney every time Disney uses it (in perpetuity)?
#residuals
#wgastrike
#pencilsdown

@rbreich The money is there to pay people for their work. Trickle Up Economics has been hard at work, since Reagan.

@rbreich pay your writers. If it ain’t on the page it ain’t on the page

@rbreich Honestly, what do people DO with all that money? I can't even think up enough stupid ways to waste it.

@rbreich Greed. I wonder how much those movie companies got from the Covid relief fund? So much grifting! 🏴‍☠️

@rbreich @rizzo everything wrong in the US is due to greed.

@rbreich And how is that different from any other American corporation?

@rbreich

How many writers? Were the $250M spread evenly among them, how much would that be? (Divide that by about 5K and you get about $50K.) It's enough to make a big difference in their lives.

I really don't understand in what world it makes sense to pay someone tens of millions of dollars per year. That is such an unbelievably ridiculous amount of money.

How does anyone justify that? Especially in light of underpaying employees.

And it's not just the streaming platforms doing this, it's nearly every single company out there. We really need to bring back a 90% tax bracket to cut this nonsense. It worked then, it will work again.

@rbreich imagine what you could do with just 1 million dollars…

@rbreich

It's more like "We can't afford to hurt earnings per share, which would be really bad for our bonuses and long-term employment prospects."

@rbreich I feel like all corporations should be non-profit by default. Profit is wasted potential. Pay your employees, pay your suppliers, pay your overhead, pay your loans, and then, if there's any money left over, put every single cent back into the company. R&D, better medical coverage (since some greedy pricks decided to make employment a necessary prerequisite for receiving health care in the US), better food service, employee buses, etc. Make it a good place to work, make it a good business for consumers to support. In other words: be a good citizen (not, like, American citizens with their arsenals and low-grade constant anxiety, though, normal citizens who feel safe enough in their everyday lives to actually give a shit about others).

@rbreich now tell me the top rate of tax should not be increased.

@rbreich @Island_Martha “Once we’ve paid ourselves All The Moneys, we really truly have nothing left over to pay the writers”

@rbreich the corporations are irresponsible and ruining the planet. The people--the writers, students, women, Black folks, Brown folks, LGBTQ folks, folks who are tired of being shot at, all banded together--we are the superheroes of our own story! #WeAreTheGuardrails

@rbreich it's amazing when as a CEO you could work for just one quarter and earn enough to set you up comfortably for life. And you could work for two years and put yourself in the ultra rich sector to live extremely lavishly for the rest of your life without lifting a finger.

Meanwhile the rank and file are nothing like as well compensated. Scrimping and saving for decades to pay off college debts, find enough to save for a modest retirement, and hopefully a house.

@rbreich add kids and medical crisis or two and most people are destitute. And this is assuming they had access to good education and equal opportunities to get a well paid job where there is any excess income at all. If you have only a minimum wage job then forget about it. All you will have at the end of four or five decades of work is debt, housing and food insecurity, minimal healthcare, and $1200 a month in social security. Yay capitalism, ain't it great!

@rbreich bUt If We DoN't PaY fOr CeOs' HaRd WoRk, WhO wIlL wAnT tO bE a CeO?🤡