Long story short: tell President Biden to ban corporations that pay their CEOs too much from federal contracts, tell our Centers for Medicare and Medicaid Services to strengthen their proposed nursing home patient-to-staff nursing home ratios, and tell our CFPB to stop credit card corporations from assessing onerous fees. Use the email/petition tools in the following paragraphs to communicate your will.
Inequality.org helps you tell President Biden to stop giving out federal contracts to corporations that pay their CEOs excessively. Yeah, President Biden can do that, because Congress has given him that power through legislation! And if Congress wants to keep him from doing that, they can take his power away. In the meantime, about half of all corporations feed at the taxpayer trough, so really, the least we can do is insist that if they pay their bosses bajillions of dollars while paying their workers in dung pellets, they can’t get taxpayer largesse anymore. As fate would have it, the big automaker corporations currently facing lengthy strikes by their workers have taken hundreds of millions of taxpayer dollars these last few years, so how about we, as a famous philosopher used to say in another context, just say no?
Americans for Financial Reform helps you tell our Centers for Medicare and Medicaid Services (or CMS) to strengthen their proposed patient-to-staff ratios for nursing homes. Which receive some $90 billion in Medicare and Medicaid funding annually, in case you were wondering how our government gets to set such ratios. Remember, that’s your money going to help seniors get the care they need! So let’s not leave it up to the big nursing home corporations, and certainly not to the bankster hedge fund corporations that have been gobbling up nursing homes and “cutting costs,” which always means cutting care. You didn’t think it meant cutting executive pay or hedge fund manager commissions, did you? It never means that to a worshiper of mammon. Thankfully we non-worshipers of mammon also get a say, so we should use it.
Finally, Consumer Reports helps you tell our Consumer Financial Protection Bureau (or CFPB) to limit credit card late fees to $8. Because credit card corporations don’t need any more than that to pay the cost of processing late fees, that’s why! And also because $40 late fees, if borrowers don’t pay them, just get added to the borrower’s balance and thus become considerably larger. And, ah, you’ve seen your credit card’s interest rate lately, right? Credit card interest rates average over 21% today, versus about 16.25% in 2022 and 14.6% in 2021. That effect of higher Fed interest rates most assuredly doesn’t benefit working people (though other effects – like the obliteration of the low- or no-interest loans for rich folks that keep working people from buying homes – most assuredly do). So onerous late fees get a lot bigger a lot faster. And if they don't reflect a corporation's actual costs, then they're junk fees, simple and plain! Thus we tell our CFPB to keep them down.