… those with very large incomes and often very large lobbying organizations, while the middle class continues to suffer from very limited, if any, tax relief. Just by way of example, Between 2020 and 22, just those years, corporate profits rose 75% five times, five times as fast as inflation. I released a report this week called Greedflation, meaning major corporations taking advantage of customers by jacking up prices and blaming it on inflation or using inflation as the COVID to jack up prices. (00:36–00:49)
CLAIM
Asserts that corporate profits rose 75% from 2020 to 2022, five times faster than inflation.
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