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One week after a war of words erupted between Bernie Sanders and Jeff Bezos, the vendetta between the Vermont Senator and the world's richest man escalated on Wednesday when Sanders introduced a Senate bill called the "Stop BEZOS Act", that would require large employers like Amazon and Walmart to pay back the government for food stamps, public housing, Medicaid and other federal assistance received by their workers.
The bill's acronym is a direct dig at Bezos and stands for Bad Employers by Zeroing Out Subsidies Act. It seeks to establish a 100% tax on government benefits received by workers at companies with at least 500 employees, Sanders said on Wednesday according to the Washington Post.
"In other words, the taxpayers of this country would no longer be subsidizing the wealthiest people in this country who are paying their workers inadequate wages," Sanders said at a press conference announcing the bill. "Despite low unemployment, we end up having tens of millions of Americans working at wages that are just so low that they can't adequately take care of their families."
The proposed bill came one day after Amazon briefly hit $1 trillion in market cap, just a month after Apple did the same, although a quick look at recent price appreciation suggests that Amazon will soon eclipse even Apple to become the world's most valueable company.
Bezos, who founded Amazon, is the world's wealthiest man: he has added $67 billion to his fortune in 2018, giving him a $167 billion net worth on the Bloomberg Billionaires Index. The median Amazon worker, meanwhile, was paid $28,446 last year, according to company filings.
The increase in Bezos' wealth has outpaced the rest of the billionaires tracked by Bloomberg by an obscene margin.
I don't agree with Sanders often… very seldom in fact. But THIS I agree with him on 100%, Amazon is a corrupt monopoly that must be broken up. They are even putting national security at risk! Remember this: subsidies run CONTRARY to true free market principles which supports fair competition.
Brandon Reed
No, subsidies are paid for by TAXPAYERS! SUBSIDIES = TAX PAYER FUNDED. Amazon is basically State Run right now! Military is subsidizing Amazon, FACT!
Ironic, isn't it?
Aiden Taylor
If America was a capitalist nation we would not have started outsourcing our industry in the 80s and 90s. We would not have bailed out insolvent banks, they would have gone bankrupt (like any other insolvent corrupt institution in a true free market system). We would not be subsidizing corrupt corporations with taxpayer money either! Anyone waking up here?
Oliver Cox
Bernie Sanders is typically full of shit, but this time he is actually going after a corporation that defines the nature of socialist corruption! A corporation which is basically a state-run monopoly subsidized by US taxpayers! All I can say is WOW!
Liam Rogers
I disagree with Bernie's values, but you know, the dude has some, which is why I sort of respect him, except for the time he bent to fucking Hilary of all people.
Hunter Jones
Agreed. Whats amazing is this is likely THE MOST PRO-CAPITALIST legislative proposal I have seen (excluding the tax cuts). Subsidies are paid for by taxpayers and they allow the government to pick winners and losers in the markets rather than allowing companies to compete in a free market. So getting rid of subsidies is a very pro-capitalist ideology.
Cooper Butler
It's literally taxing them for the taxes they pay
Hunter Bell
He's not getting rid of subsidies, he's just taxing companies more.
Ryan Jackson
Imagine being this brain dead. No, it's taxing them for not paying their peons enough to keep them off the government dole.
The nation's uber-rich LOVE socialism, which is why they've set up a system where they have socialized costs (via corporate welfare, lucrative government contracts, bailouts, etc.) but with fully privatized winnings. This is what a corrupt crony capitalist system looks like. When these companies spend billions lobbying to politicians to re-write laws in their favor, we don't hear a peep from bootlicking corporatist fucks such as yourself. But the moment a bunch of ordinary people try to band together and do the same, it's le evil socialism.
Really, nigger? The reason they rely on their current "taxes" to cover the difference is because it allows them to socialize costs significantly without paying shit. Amazon relies on government handouts and taxpayer-funded programs to cover their workers, then they spend millions figuring out which tax haven to stash their profits in to dodge corporate taxes. Yet here you are acting like they're poor victims getting taxed on the taxes they pay. No, it's a bill that will discourage them from abusing government programs to subsidize their operating costs. If this wasn't profitable and cheaper for them, then they wouldn't be doing it.
Ryan Mitchell
$28,446 is good money. I make almost 6k less per year.
Ian Phillips
sorry but you nor them make anything close to "good money"
Caleb Diaz
LEGIT NEWS
Camden Harris
anti-slide 1
Joshua Perry
actual news bump
Samuel Ortiz
Learn a trade at a cheap vocational school and you can make a WHOLE LOT MORE money $$$.
James Nelson
THIS.
Jason Moore
This picture, but unironically.
Xavier Nelson
legit
Anthony Jackson
horroray for comminism!!!!!!!!!!!!!!!!!!
Austin Clark
hillary and the dems fucked him
Christian Jones
Jokes on.you, I work a trade. Welcome to America in the age if boomers won't fucking die.
Kek.
Nathaniel Foster
Kys
Asher Taylor
Communists typically love State-subsidized monopolies like Amazon. I don't understand why someone like Bernie doesn't want a State-subsidized monopoly like that. Seems he's either delusional or maybe he thinks this is what capitalism really is? Who knows.
Cameron Torres
Isn't this about *ending govt-subsidies for Amazon over slave labor conditions? If you don't know, US taxpayers are basically subsidizing Amazon through govt contracts. Bernie wants to end that, at least thats what I took from it.
Wyatt Anderson
Ironically, if I remember correctly, Trump wanted to end taxpayer-funded govt subsidies for Amazon too. The USPS (which is State-run) has contracts with Amazon which is paid for by taxpayers (aka subsidized). I think Trump wanted to end that too.
Owen Wilson
Ok. We are going bankrupt and we are too big to fail
Cameron Roberts
You gringos will destroy the world.
Carson Carter
All Empires pose threats to civilized societies. When we lose our Empire someday, China will become your next enemy in no time.
Brayden Ramirez
I know and they are even worse. I hope to be dead by then.
Jaxson Kelly
LE BERNCUCK LOL BTFO BY BIG DADDY EMPEROR CHUMP fuck you shillcen, you dickless turncoat
That's stupid. You're literally paying for Amazon to get more money, for nothing in return. Which I might almost be fine with if these companies were somehow hurting for money, but no, they're the richest assholes on the planet because they're forcing everyone ELSE to support THEIR workers, instead of supporting their own workers themselves.
Andrew Butler
I'm fine with this. Its not really a "tax" because the tax already exists. What this law would do is stop all subsidies for Amazon. It would render subsidies moot, so no matter how much the government gives Amazon, Amazon have to give it all back.
And little do the economically illiterate understand that subsidies are typically socialist policies. THATS WHAT MAKES THIS MOST IRONIC!
Good, I used to buy into this Republicans are good for business bullshit and that trickles down - but now I just realize they are good for rich people that own businesses, give their donors tax breaks while fucking the rest of us, and douches like Bezos laugh their way to the bank by letting their workers depend on gov't subsidies - and let's not forget every third party Amazon retailer that's been strong-armed into paying Amazon huge cuts and all the small businesses across America that have been essentially undersold out of existence - can't find an expert on that particular interest you have in your area that might have once had a small shop? - that's fucking Bezos for you, so for once, I'm inclined to agree with Bernie, fuck that guy and his company
Caleb Jenkins
FAR LEFT AND FAR RIGHT UNITE! TO OVERTHROW THE JEWISH CAPITALIST WORLD ORDER!
Median means the middle, not the average like mean. Think about how many low-tier, part-time employees Amazon has compared to its full-time employees. I'm no fan of Baldy Bezos, but you have to admit that using median to show the relative salary given by a company rather than the mean is duplicitous. Its specifically manipulating statistics to push a narrative, however righteous that narrative may be.
David Rivera
...
Jonathan Thompson
GOOD!
Samuel Brooks
I like this, hopefully it passes, I don't like the idea of Amazon owning military secrets, when they're woke.
Colton Brooks
No, OP has it correct, you have it the wrong way round. Using the mean is duplicitous.
Asher Allen
go back taco nigger
Andrew Rivera
No, Jeff Bezos is judío. Get it right, Paco.
Gavin Myers
OP is a closet commie
Thomas Scott
Nope. You are a commie for supporting TAXPAYER-funded subsidies for State-run monopolies like Amazon.
