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Sanders unveils plan to tax companies with high-earning CEOs
(Please note this article was written by this DU poster's daughter)
[link:https://www.politico.com/story/2019/09/30/bernie-sanders-tax-companies-2020-1518381|
By HOLLY OTTERBEIN 09/30/2019 07:59 AM EDT
Bernie Sanders has a new plan to reduce the widening gap between the rich and poor.
The presidential candidate and decadeslong crusader against income inequality unveiled a proposal Monday to raise taxes on businesses whose CEOs make at least 50 times more than their median workers.
The boost in corporate taxes would be imposed on companies that bring in $100 million or more in annual revenue.
The American people are sick and tired of corporate CEOs who now make 300 times more than their average employees, while they give themselves huge bonuses and cut back on the health care and pension benefits of their employees, Sanders said in a statement. It is time to send a message to corporate America: If you do not end your greed and corruption, we will end it for you.
snip
Bernie Sanders has a new plan to reduce the widening gap between the rich and poor.
The presidential candidate and decadeslong crusader against income inequality unveiled a proposal Monday to raise taxes on businesses whose CEOs make at least 50 times more than their median workers.
The boost in corporate taxes would be imposed on companies that bring in $100 million or more in annual revenue.
The American people are sick and tired of corporate CEOs who now make 300 times more than their average employees, while they give themselves huge bonuses and cut back on the health care and pension benefits of their employees, Sanders said in a statement. It is time to send a message to corporate America: If you do not end your greed and corruption, we will end it for you.
snip
more at link
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primary today, I would vote for: Undecided
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Sanders unveils plan to tax companies with high-earning CEOs (Original Post)
JoeOtterbein
Sep 2019
OP
The Federal Government can't selectively tax companies based on its "demographics".
George II
Sep 2019
#1
I've never heard of a "selective" income tax. Do you have a link or a reason you call...
JoeOtterbein
Oct 2019
#5
The tax is based on factors other than income, like occupation (CEO, etc.) and ratio....
George II
Oct 2019
#11
George II
(67,782 posts)1. The Federal Government can't selectively tax companies based on its "demographics".
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
JoeOtterbein
(7,702 posts)2. I thought it was called "income" taxes?
Meaning how much income they make? Am I missing something?
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
George II
(67,782 posts)3. It is selective income tax, based on factors other than income.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
JoeOtterbein
(7,702 posts)5. I've never heard of a "selective" income tax. Do you have a link or a reason you call...
...Bernie's plan one?
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
George II
(67,782 posts)9. As I said, it's a tax based on factors other than income.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
JoeOtterbein
(7,702 posts)10. If it's not income, where did it come from? Theft?
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
George II
(67,782 posts)11. The tax is based on factors other than income, like occupation (CEO, etc.) and ratio....
...of CEO pay vs. worker pay.
That's not only unworkable but probably is illegal. If he's going to tax CEOs because of the job they do, how long before we have different levels of income tax on Attorneys, Physicians, Senators, etc. - NOT on the income they receive but on the job they do?
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
stonecutter357
(12,697 posts)4. .
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)6. It's not clear to me how a scheme like this can be legal.
It seems more like a campaign gimmick that will NEVER see the light of day.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
Amimnoch
(4,558 posts)7. heh, this would be new for BS how? -nt
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
NurseJackie
(42,862 posts)8. I know, right.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden