We are in the midst of a relentless wave of price inflation that is battering American households and the harsh truth is corporations are preying on our vulnerability, manipulating prices to line their pockets while we struggle to make ends meet.
This has perpetuated economic inequality, pushing the most vulnerable further into despair. For many Americans the effects are dire -- with families struggling to afford basic necessities, hardworking individuals being pushed to the brink of financial ruin, and vulnerable communities disproportionately burdened. We shouldn’t have to bear the weight of their unchecked greed while they amass obscene wealth.
The Federal Reserve, in a bid to slow this tide, has raised interest rates ten times, a strategy that places an additional burden on consumers. While the average American continues to grapple with these crippling costs, unchecked corporate greed just continues to thrive.
Some of the largest general consumer S&P 500 companies have unashamedly profited from these unjustified price hikes and as they watch their profits rise, they generously reward shareholders with billion-dollar handouts.
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