Corruption Nation

The Young Turks

TYT Network

Politics, Government, News

3.9 • 5.5K Ratings

🗓️ 8 June 2022

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

As ordinary workers across the United States watched inflation eat away at modest wage gains in 2021, many corporations—including firms contracting with the federal government—used record-shattering profits to lavish their CEOs with bigger pay packages and reward shareholders with billions of dollars in stock buybacks. Elon Musk has accused Twitter of committing a “material breach” of his $44 billion agreement to buy the company and has threatened to terminate the deal, in the clearest indication yet that the world’s richest man is preparing to walk away from the takeover. The Washington Post has suspended political reporter David Weigel without pay after he retweeted a joke last week that was widely considered sexist, and divided the paper’s newsroom. Legal claims have shed light on founder of faith group tied to Amy Coney Barrett. “I’m not going to help you:' Transcripts revealed a man drowned in Tempe Town Lake as police watched. Hosts: Ana Kasparian, Cenk Uygur *** The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks TWITTER: ☞ http://www.twitter.com/TheYoungTurks INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks TWITCH: ☞ http://www.twitch.com/tyt 👕 Merch: http://shoptyt.com ❤ Donate: http://www.tyt.com/go 🔗 Website: https://www.tyt.com 📱App: http://www.tyt.com/app 📬 Newsletters: https://www.tyt.com/newsletters/ If you want to watch more videos from TYT, consider subscribing to other channels in our network: The Damage Report ▶ https://www.youtube.com/thedamagereport TYT Sports ▶ https://www.youtube.com/tytsports The Conversation ▶ https://www.youtube.com/tytconversation Rebel HQ ▶ https://www.youtube.com/rebelhq TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You're listening to The Young Turks, the online news show.
0:02.8	Make sure to follow and rate our show with not one, not two, not three, not four, but five stars.
0:08.8	You're awesome.
0:10.0	Thank you. The All right, welcome to the on Turks.
0:50.3	You're on the guys, it's elected day. What the heck?
1:04.0	Drop it, no, I'm in a mood. I'm in a mood. And she's in a mood. You got a lot of work to get to. Yes, but we're in different moods. Yeah, we're
1:07.7	different moods. Okay, guys, at the end of the show, we have an election spectacular for you guys.
1:15.6	So tons of states, New Jersey, California, Montana, and on and on it goes tonight.
1:21.6	So it's normal show, 6.8 p.m. live as it is Monday through Friday.
1:25.6	And then 8 o'clock, we started gigunda election coverage, including our own Michael Shore up for election tonight in a
1:34.2	five-man race. It's fascinating, you're gonna love it. So stay right here all the way through to
1:39.7	like one in the morning East Coast time. Jesusum, Lord Mercy, Casper.
1:46.4	All right, well, we begin with a story about corporate welfare in America,
1:51.6	something that doesn't get much attention in our corporate press.
1:55.0	A new report published by the Institute for Policy Studies lays out just how badly corporations in America have screwed over
2:02.5	their own workers in 2021 while doling out cash to themselves, to their executives, and to
2:10.3	their shareholders.
2:11.9	And to make matters worse, a lot of the money that they utilized to do just that came from
2:16.1	us, the US taxpayers. So among their key
2:18.9	findings in this study, CEO worker pay, the CEO to worker pay gap, I should say, has grown
2:27.3	even wider since 2020. For instance, the average gap between CEO and median, median worker pay at a sample of 300 low wage
2:37.5	U.S. corporations surged in 2021, rising to 670 to 1, up from 604 to 1 in 2020.
	...

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