Law Bernie Introduces Act Tying Stock Buy Backs to Worker Wages

[luckyshot]

Sanders on Thursday introduced a bill, titled the Stop Walmart Act, that would prevent large companies from buying back stock unless they pay all employees at least $15 an hour, allow workers to earn up to seven days of paid sick leave and limit CEO compensation to no more than 150 times the median pay of all staffers .

https://www.cnn.com/2018/11/15/busi...agMEy7kI5A1yMkZfRAJ7cH-WE4A2VVNUB51GX2Teuv-RQ

From Sanders' Social Media:
Walmart has refused to pay its workers a living wage, resulting in costs for taxpayers of $6.2 billion for basic necessities for survival, food stamps and housing assistance. If Walmart can manage to find $20 billion for stock buybacks to expand the wealth of Walton family, it can certainly find the money to raise the pay of its workers to a living wage.

 

[Teppodama]

Shouldnt he have stroked out by now?

 

[MadSquabbles500]

What is so wrong with buying back your own stocks?

And why must be tied to buy backs? Just make company pay employees more.

 

[luckyshot]

Shouldnt he have stroked out by now?

He'd be missed. More than can be said about any GOP corporatist boot licker.

What is so wrong with buying back your own stocks?

And why must be tied to buy backs? Just make company pay employees more.

Buying back stocks is what big corporations do when they get huge tax cuts instead of paying workers more. Increases shareholder profits, not wages.

I agree that minimum wages should raised across the board. Linking CEO pay to median worker compensation is long overdue.

 

[Ripskater]

Government needs to get out the way

 

[bad seed]

Sanders on Thursday introduced a bill, titled the Stop Walmart Act, that would prevent large companies from buying back stock unless they pay all employees at least $15 an hour, allow workers to earn up to seven days of paid sick leave and limit CEO compensation to no more than 150 times the median pay of all staffers .

https://www.cnn.com/2018/11/15/busi...agMEy7kI5A1yMkZfRAJ7cH-WE4A2VVNUB51GX2Teuv-RQ

From Sanders' Social Media:
Walmart has refused to pay its workers a living wage, resulting in costs for taxpayers of $6.2 billion for basic necessities for survival, food stamps and housing assistance. If Walmart can manage to find $20 billion for stock buybacks to expand the wealth of Walton family, it can certainly find the money to raise the pay of its workers to a living wage.

would prefer if he demanded full coverage health care and retirement plan rather than the min wage.

 

[Hognoxious]

Thank God Bernie is not President. This would be an entry level job killer.

 

[bad seed]

Government needs to get out the way

"get out the way" and allow corporations to rape the public. WWJD

 

[bad seed]

Thank God Bernie is not President. This would be an entry level job killer.

Walmart employees 1.4 million Americans- half of them full time. The average full time employee earns 22k a year. These are not merely entry level jobs- the flyover states you pretend to love so much rely on them as sole family providers.

 

[Teppodama]

He'd be missed. More than can be said about any GOP corporatist boot licker.

I wouldn't miss him. Not that I particularly have issues with Sanders other than he's pretty quick to make a grab for others people money. Oh, and the fact he's pretty much a socialist dirty bag. Other than that, he's a peach of a guy ol' Bernie is.

 

[luckyshot]

Thank God Bernie is not President. This would be an entry level job killer.

The problem is that 50% of Americans earn less than 30k a year. They get an entry level job pretty easily... then 20 years later, they are still making entry level pay.

Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year
https://washingtonsblog.com/2015/10...kers-make-less-than-30000-dollars-a-year.html

Ludicrous Economic Numbers: 40% Of Americans Make Less Than The 1968 Minimum Wage
https://www.forbes.com/sites/timwor...less-than-the-1968-minimum-wage/#73107c894d8a

 

[Liquid Smoke]

Bernie Flanders is a busybody and a goddamn idiot. This is NONE of his concern.
Oh wait, it is because he has to pander to the ignorant and useless. Nevermind.

 

[Liquid Smoke]

"get out the way" and allow corporations to rape the public. WWJD

Jesus would tell you to get a job, hippy.

 

[Hognoxious]

Walmart employees 1.4 million Americans- half of them full time. The average full time employee earns 22k a year. These are not merely entry level jobs- the flyover states you pretend to love so much rely on them as sole family providers.

The problem is that 50% of Americans earn less than 30k a year. They get an entry level job pretty easily... then 20 years later, they are still making entry level pay.

Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year
https://washingtonsblog.com/2015/10...kers-make-less-than-30000-dollars-a-year.html

Ludicrous Economic Numbers: 40% Of Americans Make Less Than The 1968 Minimum Wage
https://www.forbes.com/sites/timwor...less-than-the-1968-minimum-wage/#73107c894d8a

I get it. You think the teenager working the fry station at McDonald's deserves $15/ hour. If that's the case, this poor up and comer just lost his job.

 

[luckyshot]

Bernie Flanders is a busybody and a goddamn idiot. This is NONE of his concern.
Oh wait, it is because he has to pander to the ignorant and useless. Nevermind.

You know the thing about the ignorant and useless? They're people, too. They need a place to live and they need to pay the bills.

And if a massively profitable company is willing to employ them, they should be willing to pay a living wage.

Or government steps in an subsidizes starvation wages like it does now and the tax payer picks up the tab.

Your choice.

I get it. You think the teenager working the fry station at McDonald's deserves $15/ hour. If that's the case, this poor up and comer just lost his job.

It's not a question of "deserve." It's a question of half of Americans (not just teenagers) can't afford a fucking emergency expense without going into debt. That's an unacceptable situation. And if raising the minimum wage isn't the answer, what's your better idea?

 

[bad seed]

Bernie Flanders is a busybody and a goddamn idiot. This is NONE of his concern.

The wages of 1 and a half million struggling Americans actually IS his concern. Why isn't it yours?

 

[Liquid Smoke]

And if a massively profitable company is willing to employ them, they should be willing to pay a living wage.

How about a company with a 3% profit margin like Walmart?
http://www.aei.org/publication/ever...ofit-day-from-its-sales-while-apple-gets-7-5/

 

[bad seed]

You know the thing about the ignorant and useless? They're people, too. They need a place to live and they need to pay the bills.

And if a massively profitable company is willing to employ them, they should be willing to pay a living wage.

Or government steps in an subsidizes starvation wages like it does now and the tax payer picks up the tab.

Your choice.

which we're already doing, while Walmart enjoys the sweet sweet profits.
https://www.forbes.com/sites/clareo...-2-billion-in-public-assistance/#bd87253720b7

 

[Trotsky]

Bernie Flanders is a busybody and a goddamn idiot. This is NONE of his concern.
Oh wait, it is because he has to pander to the ignorant and useless. Nevermind.

Holy irony.

 

[bad seed]

How about a company with a 3% profit margin like Walmart?
http://www.aei.org/publication/ever...ofit-day-from-its-sales-while-apple-gets-7-5/

3% is high for the retail sector. Tech industry has grossly favorable margins which should be remedied.


are you shedding tears for Walmart's profits shrinking to feed starving Americans?