Fighting corporate greed to reign in inflation | Letters
I just sent this letter to President Biden and Secretary Yellen, urging them to work to control inflation by attacking big business profits:
Dear President Biden and Secretary Yellen,
I expect your administration to reduce inflation without affecting recent wage gains among American workers. Therefore, I urge you to use all possible means to fight corporate greed to control inflation.
There are a number of steps you can take to lower prices without needing congressional approval. These include:
1. Cut prescription drug costs, which are rising faster than inflation as pharmaceutical companies set sky-high prices and reap the rewards of their bottom line.
2. Combat rising costs to working families and protect workers by creating an interagency task force to investigate, prosecute, and deter white-collar crime, including anti-competitive and price-gouging business behavior , as well as corporate exploitation of increased inflation to inflate profits.
3. Actively and publicly lobby for legislation introduced by Democratic lawmakers that would hit big oil and gas companies with a windfall tax.
I will follow your efforts to control inflation while reducing the country’s unacceptable and ultimately destructive economic inequalities.