To Force Billionaires Off Welfare, Sanders Tax Would Make Corporations Fund 100% of Public Assistance Their Low-Paid Workers Receive

Amazon CEO and world’s richest man Jeff Bezos makes more money in ten seconds than his company’s median employee makes in an entire year, and thousands of Amazon workers are paid such low wages that they are forced to rely on food stamps, Medicaid, and other forms of government assistance to survive.

“While Mr. Bezos is the most egregious example, the Walton family of Walmart and many other billionaire-owned large and profitable companies also enrich themselves off taxpayer assistance while paying their workers poverty-level wages.”
—Sen. Bernie Sanders
Declaring that this ever-growing gulf between the obscene wealth of top executives and the poverty wages of workers—which is hardly unique to Amazon—is morally unacceptable, Sen. Bernie Sanders (I-Vt.) announced on Friday that he will introduce legislation next month that would impose “a 100 percent tax on large employers equal to the amount of federal benefits received by their low-wage workers” in an effort to pressure corporate giants into paying a living wage.

Under the new legislation, “if an Amazon worker receives $300 in food stamps, Amazon would be taxed $300,” the Vermont senator’s office noted in a press release. The tax would apply to all companies with 500 or more employees.

via Common Dreams To Force Billionaires Off Welfare, Sanders Tax Would Make Corporations Fund 100% of Public Assistance Their Low-Paid Workers Receive

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